Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan.
The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and produced and hosted The Apprentice, a reality television show, from 2003 to 2015. Forbes estimates his net worth to be $3.1 billion.
Trump's Truth Social Has Lost $73 Million Since Launching in 2022
justjared.comDonald Trump‘s social media platform is not doing too well. Since launching in early 2022, the 77-year-old former President of the United States’ Truth Social brought in $3.7 million in net sales, and lost $73 million, via THR.
It’s the first time any internal financial details have been publicly revealed for the tech startup, owned by Trump Media & Technology Group (TMTG). Keep reading to find out more… Those numbers appear in a new financial disclosure from TMTG’s SPAC merger partner Digital World Acquisition Corp.
In 2022, Truth Social lost $50 million on just $1.4 million of net sales, and in the first 6 months of 2023, it brought in $2.3 million, but lost $23 million. “TMTG’s independent registered public accounting firm has indicated that TMTG’s financial condition raises substantial doubt as to its ability to continue as a going concern,” reads the filing.
The filing also says that “as of June 30, 2023, and December 31, 2022, management has substantial doubt that TMTG will have sufficient funds to meet its liabilities as they fall due, including liabilities related to promissory notes previously issued by TMTG.
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