President Donald Trump just landed a massive payday after being awarded additional shares in his newly-public media company.
Even as the legal chips seem to stay stacked against him, Trump came out a winner in another big way this week.
According to Breitbart, Trump was awarded 36 million additional shares of Trump Media stock.
The extra shares are worth a total of $1.6 billion.
The news broke after a regulatory filing revealed the 45th president’s windfall.
The additional stock was awarded after Trump Media shares hit certain price benchmarks.
Truth Social is owned by Trump Media.
Thanks to the ongoing stellar performance of the stock, Trump was easily able to secure the additional shares.
It was reported that the shares only needed to trade above $17.50 each for 20 consecutive trading days to grab the bonus shares.
The stock easily trades above $40 per share.
Breitbart noted:
“Trump Media got its place on the Nasdaq after merging with a company called Digital World Acquisition Corp., a special purpose acquisition company, or SPAC.
“These type of mergers offer young companies quicker and easier routes to getting their shares trading publicly.”
With the additional shares locked in, Trump now owns roughly