Former President Donald Trump has returned to Bloomberg’s list of the world’s 500 richest people for the first time since August, as shares in his company have surged in value in recent weeks.
Trump, who owns around 57 percent of the shares in the media company that operates Truth Social, has re-entered the Bloomberg Billionaires Index, thanks to stock’s meteoric rise. His estimated net worth jumped to $6.5 billion on Oct. 22, putting him in 481st place on Bloomberg’s list.
The former president fell off the list in August as shares of Trump Media & Technology Group, which trade under the ticker symbol DJT, gradually slid from a recent peak of around $45 per share in mid-July to around $12 per share in late September—before rebounding sharply. The price of DJT stock has tripled in value since the September low, closing at $34.39 on Oct. 22 and trading at the $35.85 mark at the time of reporting on Oct. 23….