Donald Trump is about to become $1.3 billion richer. Here's why.
CBSN
Donald Trump is about to see his fortune grow by $1.3 billion.
The former U.S. president is set to receive a so-called earnout bonus of 36 million shares in his newly public company, Trump Media & Technology Group, as part of an incentive that was created for the company's public market debut in March, according to a regulatory filing.
For Trump to get the additional shares, which are on top of his current 57% ownership stake of 78 million shares, Trump Media needs to trade at or above $17.50 per share for any 20 trading days within a 30 trading day period. The stock, which trades under Trump's initials, DJT, is marking its 20th trading day on Tuesday, which means that Trump is likely to earn the bonus — as long as the stock doesn't plunge below $17.50 today.