Donald Trump’s net worth saw a staggering rise in October, rising from just under $4 billion in early October to $8 billion (Forbes). ).

This financial boost coincides with Trump becoming the betting favorite in the US presidential race, significantly boosting investor sentiment towards Trump’s media brand.

As of Tuesday, Trump’s wealth had increased by more than 6 percent, or more than $400 million, placing him among the richest individuals in the world.

Trump now ranks as the 357th richest person in the world, according to real-time billionaire tracking data, underscoring the recent momentum in his personal wealth. The increase in net worth reflects TMTG’s share price, which closed 9% higher at $51.51 on Tuesday and is up 249.2% from its starting price of $16.16 in October.

Reports show that the increase in TMTG’s stock price has little correlation with the company’s underlying financial performance. Instead, the increase is closely tied to market perception that Trump’s election prospects are improving.

What you need to know

TMTG’s valuation gains came as Trump’s election chances increased on various betting platforms, according to the Associated Press; The latest figures from Polymarket give Trump a 66% chance of victory; This is a significant increase from early October.

• Betting odds initially showed a near tie between Trump and his likely rival, Vice President Kamala Harris, but recent polls show the race remains tight, especially in critical battleground states. However, the positive outlook for Trump’s election potential has given TMTG’s shares significant resilience and growth.
• Trump’s financial rise follows a period of significant volatility in TMTG shares, which fell to a record low of $12.15 five weeks ago.
• In response to this decline, Trump announced that he would retain a 57% stake in the company; This was seen as a signal of confidence that reassured investors. Since that announcement, TMTG’s shares have quadrupled, reaching levels last seen in March and May, during the company’s Nasdaq debut.
• The former president’s fortune has become increasingly tied to TMTG’s stock trajectory, reflecting broader investor sentiment about Trump’s potential return to office. TMTG’s valuation has now stabilized at levels that put Trump’s net worth among the global billionaire elite; This underscores how investor optimism tied to political factors can increase personal wealth.

The market’s reaction to Trump’s election chances indicates increased confidence in Trump’s re-election chances, which could continue to impact TMTG’s stock prices in the coming weeks. For ongoing coverage of these developments and more, readers can subscribe to the FT’s breaking news alerts.

A few weeks ago, Trump partnered with BestWatchesOnEarth LLC to launch a series of limited-edition Swiss-made luxury watches. The price of the Trump Tourbillon Victory model is $100,000.

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