Why Trump’s $3 Billion Truth Social Windfall Might Not Keep Him From Losing Golf Club—Or Other Properties

Former President Donald Trump is expected to net a $3 billion windfall from his social media company Truth Social’s merger on Friday, providing the former president a massive financial boost as the clock winds down to pay a $464 million bond in his New York civil fraud case, though experts say that windfall might not solve Trump’s problems as he risks having his properties seized.

Truth Social, Trump’s response to Twitter after he was booted from the platform in the wake of the Jan. 6 Capitol Insurrection, will go public after shareholders with acquisition company Digital World Acquisition Corp. approved a merger with the platform’s parent company, Trump Media, giving Trump a 58.1% majority stake in the merged company, estimated to net Trump more than $3 billion.

That windfall comes at a trying time for the former president, who has three days to pay a $464 million bond along with his co-defendants in New York, where Trump, his adult sons and executives of the Trump Organization were found liable for fraudulently inflating the value of their assets.