Top line

Former President Donald Trump’s net worth jumped $460 million Friday as his media company, Trump Media & Technology Group, continued its five-week rally from record lows hit last month.

Key facts

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Large number

More than 200%. That’s how far Trump Media shares have climbed since Sept. 23, when they hit a record high of $12.15.

Tangent

Odds on betting platform Polymarket favoring Trump to win the 2024 election reached 66% earlier this week, marking their the highest level since President Joe Biden withdrew from the presidential race in July. His chances are up to 65% from Friday.

Key context

Trump’s net worth is heavily tied to the performance of his media company’s shares, which have proven volatile since its IPO in March. The company’s stock price has more than tripled in the past five weeks, providing a boon to Trump’s net worth, who owns nearly 115 million shares valued at about $4.4 billion. Friday. Trump Media has performed well since the former president pledged last month to not sell your shares in the company despite blocking period this prevented him from doing so until last month.

Further reading

Here’s How Much Trump Made By Not Selling His Social Truth Actions (Forbes)

Trump’s polymarket election odds exceed 65% – as site investigates big bets (Forbes)