Donald Trump Launches Company, Earns Billions, and Surpasses Elon Musk

Written by Fabio Lucas Carvalho

Published on 31/10/2024 at 09:39

Foto: Reprodução

Be the first to react!

Former U.S. President Has A Company Worth More Than A Major Company Owned By Billionaire Elon Musk

Elon Musk is the richest man in the world with a fortune formed by stakes in several successful companies, such as Tesla, SpaceX, and X, for example. Donald Trump is also a billionaire, but with a fortune of 4 billion dollars, much smaller than that of his South African counterpart.

However, Truth Social, the social network launched by Donald Trump after his exit from Twitter, has surprised the market with a significant valuation.

With a recent rise in stock prices, the platform now has a value greater than that of X Holdings, Elon Musk’s company formerly known as Twitter.

ARTICLE CONTINUES BELOW

Comparison with Elon Musk’s X

When Musk acquired Twitter in 2022, the social network was worth approximately 44 billion dollars. However, since the acquisition, the company’s market value has decreased, currently standing at around 9.4 billion dollars. Fidelity, which holds a stake in X Holdings, recently revised the value of its share, estimating it at only 4.2 million dollars.

Elon Musk, now a declared supporter of Trump, has invested significantly in his re-election campaign, with amounts exceeding 70 million dollars. Recently, Musk held rallies in support of the former president, particularly in Pennsylvania, a strategic state.

Expansion of TMTG and Partnerships

Trump Media and Technology Group has been seeking to diversify its operations. Among the companies associated with TMTG are Caesars Entertainment, Match Group, Walgreens Boots Alliance, and Hasbro, the manufacturer of games like Monopoly.

These partnerships reflect a strategy for the group’s expansion, aiming to solidify its presence in the digital market and broaden the reach of Truth Social.

However, while TMTG and Truth Social advance in market value, financial sustainability remains a critical point for the company. The pressure on TMTG’s management will increase as the platform attempts to balance its financial operations with the need for growth.

0 Comments

most recent

older Most voted

Donald Trump Launches Company, Earns Billions, and Surpasses Elon Musk

Former U.S. President Has A Company Worth More Than A Major Company Owned By Billionaire Elon Musk

Comparison with Elon Musk’s X

Expansion of TMTG and Partnerships

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

China opens the world’s first school where more than 100 humanoid robots from different brands will study together, each movement will be repeated up to 600 times a day and the data will feed a collective brain that will teach all the robots of the future.

While the world rushes to mine lithium from Congo and Chile, Brazil sits on one of the largest reserves and has barely begun to explore.

While Japan is seen as a global symbol of cleanliness, entire houses taken over by garbage expose loneliness, aging, and a legal barrier that prevents quick actions by municipalities.

A family lived in a house filled with 80 tons of garbage in South Korea, until authorities entered the property, sent the residents for psychological treatment, and began a three-day cleanup.

A giant golden ball in the middle of gardens in India was assembled with 1,415 discs, took decades to be completed, and transforms sunlight into controlled central lighting.

Three teenagers surprise the world by creating a powder with tamarind seeds that removes microplastics from water, requires no electricity, and wins an international prize of $12,500 at The Earth Prize 2026.

Donald Trump Launches Company, Earns Billions, and Surpasses Elon Musk

Former U.S. President Has A Company Worth More Than A Major Company Owned By Billionaire Elon Musk

Expansion of Truth Social and Stock Valuation

Challenges of Truth Social and TMTG

Comparison with Elon Musk’s X

Expansion of TMTG and Partnerships

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

China opens the world’s first school where more than 100 humanoid robots from different brands will study together, each movement will be repeated up to 600 times a day and the data will feed a collective brain that will teach all the robots of the future.

While the world rushes to mine lithium from Congo and Chile, Brazil sits on one of the largest reserves and has barely begun to explore.

Heir worked at thirteen in an ice cream factory without revealing he was the owner’s son; today, at twenty-five, he leads the best-selling ice cream brand for home consumption in the Northeast, grosses almost R$ 300 million, has 145 stores, and competes with multinationals with regional flavors.

Lock manufacturer from Rio Grande do Sul invests R$ 150 million to surpass R$ 1 billion in revenue, create 200 jobs, and double storage capacity, while choosing Santa Catarina to set up a new logistics center and speed up deliveries in Southern Brazil.

Luciano Hang’s cousin left Havan after nearly a decade, invested in real estate, and now manages R$ 6 billion in launches; the entrepreneur, who only gets paid when he sells, claims to have sold out an entire building in Santa Catarina in just 45 minutes.

While the world rushes to mine lithium from Congo and Chile, Brazil sits on one of the largest reserves and has barely begun to explore.

While Japan is seen as a global symbol of cleanliness, entire houses taken over by garbage expose loneliness, aging, and a legal barrier that prevents quick actions by municipalities.

A family lived in a house filled with 80 tons of garbage in South Korea, until authorities entered the property, sent the residents for psychological treatment, and began a three-day cleanup.

A giant golden ball in the middle of gardens in India was assembled with 1,415 discs, took decades to be completed, and transforms sunlight into controlled central lighting.

Three teenagers surprise the world by creating a powder with tamarind seeds that removes microplastics from water, requires no electricity, and wins an international prize of $12,500 at The Earth Prize 2026.