Monthly Archives: September 2022

The social media app will be developed by Trump Media and Technology Group (TMTG).

Rafael Henrique | LightRocket | Getty Images

Digital World Acquisition Corp., the blank-check company looking to take Trump Media and Technology Group public, has changed its listed address to a UPS Store in Miami.

The change from a Miami office building to a UPS address came with DWAC's regulatory filing on Friday disclosing that some investors pulled out tens of millions of dollars.

The company said it had lost $138.5 millionof the $1 billion in financing from private investors in public equity, also known as PIPE, to fund Trump Media after the merger. The contractual obligation for those investors to contribute to former President Donald Trump's media company after the deal had expired last Tuesday, allowing them to pull their funding.

One of the former private investors told CNBC that it pulled financing from DWAC because of the many legal obstacles facing the company. The investor,who declined to be named due to the sensitive nature of the matter, was also underwhelmed by the popularity of Trump Media's Truth Social app as measured by Donald Trump's follower counts.

Trump had more than 80 million followers on Twitter. On Truth Social, which he founded after he was banned from Twitter following the Jan. 6, 2021, Capitol insurrection, he has 4.1 million. The app is also currently barred from the Google Play store.

Representatives from DWAC did not immediately respond to a request for comment.

After DWAC failed to garner enough shareholder support to extend its deal deadline earlier this month, CEO Patrick Orlando contributed $2.8 million from his company Arc Global Investments II to push back the deadline to December.

The merger delay comes as Trump Media and DWAC are the subject of a Securities and Exchange Commission probe into whether alleged discussions between the two companies prior to the merger violated securities laws.

Trump himself is also the subject of multiple investigations, including civil allegations of fraud from New York's attorney general, as well as criminal investigations relating to the removal of sensitive documents from the White House, his involvement in the Jan. 6 Capitol insurrection and attempts to influence the outcome of the 2020 presidential election.

DWAC's address change was first reported by the Financial Times.

Shares of DWAC were trading around $17 after hours Monday, down significantly from their $97 peak in March of this year.

Read more here:

Trump-linked SPAC changes address to UPS Store as investors pull more than $130 million - CNBC

Donald Trump was the 45th president of the United States.Andrew Caballero-Reynolds/Getty Images

Donald Trump was the first billionaire to enter the White House when he became the 45th President.

Forbes estimates he is worth $3 billion, with a property empire including Mar-a-Lago in Florida.

Other assets he controls include hotels, office buildings, and golf courses.

Donald Trump went from real-estate magnate to reality-TV star to being elected the 45th president of the United States.

Worth $3 billion, according to a Forbes tally of all the assets Trump owns, he is the first billionaire to enter the White House.

Trump's fortune mainly stems from his property-and-hospitality businesses.

On Wednesday New York's attorney general filed a sweeping civil suit against Trump, his business, and his three eldest children. Letitia James said Trump "falsely inflated his net worth by billions of dollars" and "repeatedly and persistently manipulated the value of assets to induce banks to lend money to the Trump Organization."

Here's what Trump's portfolio of golf courses, luxury cars, hotels, yachts, a vineyard, and aircraft looks like.

Katie CanalesandKatie Warrencontributed reporting to a previous version of this article.

Donald Trump, 76, is worth an estimated $3 billion, according to Forbes, after falling by $1 billion during the pandemic. His holdings include several golf courses, hotels, luxury cars, yachts, a vineyard, planes, and helicopters.

James Devaney/GC Images

The former president's fortune peaked in 2016, when he was worth an estimated $4.5 billion.

His wealth is centered around his commercial-real-estate holdings, which were worth an estimated $1.9 billion before the COVID-19 pandemic and after deducting debt, per Forbes.

While running for the presidency, Trump spent $66 million of his own money to help fund his campaign, according to campaign-finance disclosures examined by Reuters.

AP Photo/Evan Vucci

Trump was the first billionaire to become a US president and donated his annual salary of $400,000.

Mandel Ngan/AFP/Getty Images

Trump's New York City properties account for more than $1 billion of his net worth, per Forbes.

Story continues

Getty Images

Revenue sources include licensing, branding, golf resorts, and the Central Park ice-skating rink.

Spencer Platt/Getty Images

Source: Business Insider

The Trump Tower penthouse was the 45th president's main residence before moving to Washington, DC. It is valued at $50 million, according to Forbes.

Reuters / Eduardo Munoz

Source: Forbes

Trump companies own at least 14 properties in New York City, including, from left to right, Trump World Tower and Trump Tower. Forbes estimated his NYC portfolio to be worth $960 million.

Getty Images

Source: The Trump Organization, Forbes

Trump owns properties in Palm Beach, Florida, including Trump Grande, Trump Tower Sunny Isles, and Trump Hollywood, according to the Trump Organization's website. They are worth an estimated $25 million,according to Forbes.

Bing Maps

Source: Forbes

Forbes estimated that Trump Organization-owned Mar-a-Lago was worth $350 million. The President has used the private-members' club as his main residence since leaving the White House.

Steve Helber/AP

Sources: Business Insider, Forbes

Trump also owns an estate on the Caribbean island of Saint Martin called Le Chteau des Palmiers. It's on the market for $15.5 million.

Shutterstock

Sources: Business Insider, Sotheby's

The former president also owns residential properties in New Jersey, Connecticut, Hawaii, Illinois, and Nevada, as well as Europe, Asia, and South America.

Jose More/Getty Images

Source: The Trump Organization

Trump's assets also include hotels in Florida, Hawaii, Illinois, Nevada, Virginia, and New York, as well as Ireland and Scotland.

Charles McQuillan/Getty Images

Source: The Trump Organization

Trump owns 19 golf courses and played golf almost 300 times during his presidency, according to the website Trump Golf Count.

AP Photo/Seth Wenig

Source: Trump Golf Count, GAO

Aside from his real-estate portfolio, Trump has a penchant for aircraft and luxury cars. He owns five aircraft and a variety of cars, from a Rolls-Royce Silver Cloud to a Mercedes-Benz 3600, according to The Washington Post.

Trump's Rolls-Royce Silver Cloud.Matt Cardy/Getty Images

Source: The Washington Post

Trump also bought his wife Melania Trump a $455,000 SLR McLaren, the Washington Post reported.

Bryan Mitchell/Getty Images

Source: The Washington Post

Trump bought his Boeing 727 nicknamed "Trump Force One" during his 2016 election campaign from billionaire Paul Allen in 2010 for $100 million. The aircraft costs thousands of dollars an hour to fly, per The New York Times.

Andrew Lichtenstein/Corbis via Getty Images

Source: New York Times

Trump also has a Sikorsky S-76 helicopter that costs between $5 million and $7 million.

Scott Halleran/Getty Images

Source: Wired

In 2013, Trump spent $60,000 to buy a portrait of himself by the artist William Quigley. In 2019, Trump's former lawyer, Michael Cohen, accused him of paying for it with money from the Donald J. Trump Foundation charity.

Cliff Hawkins/Getty Images; AP Photo/Jonathan Carroll, FIle

Sources: Haute Living, The Art Newspaper

Trump owns a copy of "GOAT," a book about the boxer Muhammed Ali, that is worth an estimated $15,000. Just 1,000 copies were printed, with each one signed by Ali.

Photo by Getty Images

Sources: Daily Mail, Maxim

In 2017 Trump spent $70,000 on hairstylists, according to The New York Times expenses he claimed as a tax deduction.

Christopher Furlong/Getty Images

Sources: New York Times

Trump's suits are mostly made by the Italian label Brioni, a spokesperson told The New York Times, and cost between $6,000 and $17,000.

STRINGER/AFP via Getty Images

Sources: New York Times, Insider

Another expense for Trump is sending his son Barron to the Oxbridge Academy, a private school in Palm Beach close to Mar-a-Lago that charges $35,000 a year for tuition.

Chip Somodevilla/Getty Images

Sources: The Palm Beach Post, Oxbridge Academy

Read the original article on Business Insider

View original post here:

Donald Trump is worth billions here's how the former president has spent his cash - Yahoo Finance

9:15 p.m.: Trump addresses the crowd

Former President Donald Trump spoke for about 90 minutes in Wilmington Friday night, wrapping up around 9:15 p.m.

Trump spoke on a number of issues, including border security, the Jan. 6 insurrection investigation and the 2020 election results.

He also addressed North Carolina issues, criticizing Gov. Roy Cooper for vetoing a bill that would require sheriffs to obtain immigration status of jail inmates. He also called Cheri Beasley, Ted Budds opponent in the race for US Senate, a Marxist, radical leftist.

He encouraged the crowd to vote for Budd, who promised to uphold North Carolina values, and other Republican congressional candidates like Sandy Smith and Russell Fry.

-- Sydney Hoover

More from Trump's speech:Thousands show up to support former President Trump, NC congressional candidates

Former President Donald Trump has taken the stage in Wilmington to speak before a crowd of thousands of supporters. Trump came to Wilmington Friday to share his support for US Senate candidate Ted Budd.

The 45thPresident of the United States was greeted with cheers and a standing ovation as he took the stage. Some began chanting We want Trump! USA! and Lets go Brandon!

Its good to be back in the beautiful state of North Carolina, Trump told the crowd.

He immediately went into his hope that the midterm election unseats many radical left politicians, particularly Speaker of the House Nancy Pelosi.

If you want the decline and fall of America, then you should vote for the crazy, radical left Democrats, he said, saying Republicans will save the American dream.

We'll have full coverage of Trump's remarks once he concludes.

Meanwhile, hundreds of people began steadily streaming out of the rally, just 15 minutes after Trump took the stage.

Trump was 45 minutes late -- his typical fashion, according to Ryan Cooper, frequent rally participant and vendor. Cooper said the exodus is also typical, as many attendees have been at the rally for hours.

After getting a glimpse of the former president, many in the crowd were satisfied, ready to beat the impending traffic and watch the rest of his speech from home. Cooper rushed back to his vending booth, hoping to get rid of the rest of my stuff.

Cooper said he was selling T-shirts, hats and pins, as hes done seven other rallies in the last two election cycles.

-- Sydney Hoover, John Orona, Jamey Cross

Former President Donald Trump's plane landed at the Wilmington airport around 7 p.m. As of 7:30 p.m., he had not taken the stage yet.

The crowd of thousands was chanting: "Let's go Brandon!" and "We want Trump!"

Trump is in Wilmington for a Save America that also featured other politicians, including Lt. Gov. Mark Robinson and U.S. Senate candidate Ted Budd.

Ted Budd, a Republican running for US Senate, took the stage a little before 5:30 p.m. to a cheering crowd. Budd has been endorsed by Trump in his race against Democrat Cheri Beasley.

Im running because of everything Joe Biden has done and the policies that have made your life worse, Budd told the crowd after taking the stage a little before 5:30 p.m.

Budd told the crowd he would vote to get food and energy prices under control, to finish that wall and fully fund the border patrol, and to give parents more authority in their students schooling. He said Beasley would be a rubber stamp for President Joe Bidens agenda.

I will always vote to make life better for you and your families, Budd said.

-- Sydney Hoover

Shortly after 6 p.m., most event goers had filed into the rally, with a few hanging back waiting for Trump to take the podium.

Perusing the Trump related merchandise on offer all along the road leading to the rally, friends Cathy Amour and Isabelle Myers lamented the country's trajectory post-Trump presidency.

"The talk has changed since he left," Amour, 66, said. "The discourse has just gotten a lot meaner."

While economic issues were their main concerns politically, more importantly, they both felt that the country better united and more God-centered under Trump.

-- John Orona, Jamey Cross

As 4 p.m. passed and the event officially began inside, outside vendors felt the day calm.

Dawn Kenny traveled from her home state of South Carolina Friday to sell merchandise at the rally.

Commuting to Trump rallies across the nation has been part of Kennys life since Trumps first campaign for president in 2016.

Kenny said the day had proven calmer in comparison to some of Trumps other rallies in various states, and her printed T-shirts, sweatshirts and selection of bags were selling slowly.

Her best seller a black T-shirt with Raise Lions Not Sheep printed in white ink proved popular among the Wilmington crowd. She said the inspiration came from another shirt boasting Lion, Not Sheep.

I took that as the individual wearing the shirt, but thought we need to raise our children up into lions as well, so I added that, she said.

Tennessee native Phil Colwell rolled a blue cart filled with hats down the strip lined with other venders. He was selling them for $5.

No one was selling more than another Friday, he said.

If its got his name on it, itll sell, he said.

Meanwhile, Vachery Hopkins said he's has followed Donald Trump around the country since 2016.

The Lexington resident started by selling buttons, shirts and other Trump paraphernalia and now rents folding chairs to rallygoers who sometimes wait hours in line before events.

Hopkins, a Black man, said Trump supporters never gave him grief even at the more chaotic rallies.

"It was only people against Trump who would say, 'What are you doing here? Why are you supporting him?'"

After the rally, he and other vendors will move on to Michigan.

-- John Orona, Jamey Cross

Past visits:Trump's past Wilmington visits: From viral news clips to 'the proudest day of my life'

More:Ahead of Donald Trump's visit, Democratic candidates, supporters protest in Wilmington

Hundreds of rallygoers began shuffling into the Aero Center shortly after 3 p.m.

Some, like Mike Reed and Amber Blue, had already waited for hours but were happy to stay to show their support.

The engaged couple traveled from the Fayetteville area to see former President Trump and N.C. Lt. Governor Mark Robinson.

Reed, 46, said he supports Trump for his policies like lowering taxes, but more than anything else trusts him to "not take anything from anyone."

Blue, 45, said the couple weren't politically active before Trump came to power, and aren't particularly interested in the candidates he's endorsing.

"We like to think for ourselves," Reed said. "He's endorsed people before and gone back."

-- John Orona, Jamey Cross

Gary Lewis' political awakening began in 2009, shortly after the housing market crash.

He built homes in the Southport area for most of his life, but suddenly found it hard to make a living during the downturn.

"I never went to college," Lewis, 44, said. "I thought I'd always be able to support my family building homes; everyone needs a home."

Since then he started paying closer attention to politics and the economy. Following the crash, he became a Tabor City police officer and loyal Republican.

Between mini doughnut bites, he described the issues that brought him to the rally: immigration, sex trafficking, qualified immunity, and making Democrats angry.

Lewis said Trump's visit to Wilmington is important because it gives hope to people like him, who for so long felt they didn't have a voice in politics.

"He's the only politician to tell the truth," Lewis said. "The rest are hypocrites."

-- John Orona, Jamey Cross

Edward Young has big expectations for the moment Donald Trump takes the stage in Wilmington Friday night.

My expectations are that something big is going to happen, he said. Its not just going to be the same old rally.

Thats one reason Young drove 12 hours through the night to get to Wilmington from his home in Point Pleasant, N.J. He wanted to be in the front row for his 55th Trump rally, he said.

What to know:From tickets to security, what to know ahead of Donald Trumps visit to Wilmington

Young said hes supported Trump since he announced his run for president. He volunteered for Trumps campaign in the early days for his presidential bid and attended his first rally at Trump Tower, he said.

The crowd gathering around 1 p.m. looked light, Young said, compared to the number of people Trump has drawn during his campaign and presidency.

Young, who said he works in finance and acts on the weekends, said he was drawn to the show Trump puts on during his rallies.

There has never ever, ever been a political candidate like this and nobodys going to follow this act, he said. Donald Trump is our first rock star, superhero president.

But hes still anticipating Trumps announcement of his presidential run in the 2024 election.

Were all waiting with baited breathto hear him say, I am running, he said.

Just before 11 a.m. Friday, Linda Knight sat in a lawn chair outside a motorhome with the words Trump Girls printed on its windshield. Knight is one of several women who travelled to Wilmington Thursday from the Myrtle Beach area to attend Fridays Donald Trump rally.

The motorhome, which is decorated with stars and stripes, is owned by Robin Holley. Holley, who lives in Georgetown, S.C., formed a group called Im a Trump girl shortly after Trump announced his first presidential bid because everyone said that women didnt like Trump. The Facebook group now has more than 30,000 members, Holley said.

I wanted to do everything I could to support him, she said.

The interior of the motorhome, too, is decked out with Trump memorabilia from rally buttons, photos of Trump and pictures of the groups members. A framed painting at the front of the bus even appears to show the former president walking on water.

Both Holley and Knight said Trump is more than another candidate to them.

The first time I shook his hand, there was something so spiritual that went from my toes to the top of my head, Holley said. Im not saying hes God, but I think what he did for our country, our United States of America, was fabulous.

Knight said she considers Trump a friend even though shes never met him personally. At Fridays rally, the Trump Girls will be sitting within feet of Trump, Holley said. They have VIP tickets and plan to sit just a few rows behind him during the speech.

Were all excited, just waiting, Knight said.

As people started filing into a holding area outside the Aero Center around 9:30 a.m. Friday, the grassy field took on a festival-like atmosphere as oldies, classic country and show tunes blared and food vendors set up shop.

Outside the holding area, Colleen Funston, Vicki Wescott and Angela Robinson stood watching rally-goers enter.

This will be the second Trump rally Funston, a small business owner from Shallotte, has attended in Wilmington. Her first was Trumps 2020 speech from Battleship North Carolina.

Funston said shes a long-time supporter of Trump and believes in what he stands for, including efforts to put America first.

Trump is an American citizen who wants to do right by our country, Funston said. People want to make it seem like were all cultist and stuff and were not cultist.

If you look around, people here are good, decent hard-working people, she added. Thats what I expect from a Trump rally.

Wescott of Bolivia said shes looking forward to Friday nights rally. For her, its a first.

Im hysterically excited about being here, she said. I watch all the rallies usually online.

Robinson, a small business owner from Bolivia, said she supported Trump to make a better world for her children and her grandchildren.

If we dont stop whats going on now you all dont have a chance, she said.

More than 10 hours before former president Donald Trump was set to take the stage at Wilmingtons Aero Center, a line more than 50 people deep had formed to get into the venue.

Meanwhile, vendors walked up and down the strip of road that served as the events main staging area.

Jonas Williams had traveled to Wilmington from his home in Greensboro to sell hats of all kinds embroidered with Trumps name. Williams said hes been selling Trump merchandise since he came down that elevator to announce his first presidential bid.

He said he follows Trump across the country, selling merchandise at his rallies.

Elsewhere on the grounds, a man dressed as Uncle Sam rode a motorized hoverboard in the staging area while waving a large flag adorned with Trumps face and the words Trumps front row Joes.

Trump is scheduled to appear to campaign for U.S. Senate candidate Ted Budd. Alongside Trump and Budd, other Republicans are scheduled to speak.

Doors are scheduled to open at 2 p.m. as entertainment begins at the Aero Center. At 4, guest speakers will deliver remarks, such as local U.S. Representative David Rouzer and Lieutenant Governor Mark Robinson.

Trump is then set to speak at 7.

StarNews will cover the event live throughout the day and have updates here.

Link:

Live updates from Donald Trump's visit to Wilmington - StarNewsOnline.com

This article was originally published on June 21, 2022.

A former president took a shot at another former president when asked a question on a late-night talk show.

What Happened: In a June appearance onLate Late Show With James Corden, former President Bill Clinton was a featured guest.

The economy, international relations and aliens were among the key topics the duo talked about.

Corden also asked Clinton to take part in a segment called Ask a President, which hadmembers of the audience and staff ask the former president questions.

The show, which aired on Paramount Global PARA PARAA owned channel CBS, saw Clinton answer what makes a good leader, what plant-based milk is the best and if we could see a woman president.

Clinton answered yes that we will likely see a woman president, a Latino president and a gay president over the coming years.

Clinton also shared that he drinks almond milk, but it is vodka that is his favorite plant-based drink.

For a question aboutfictional presidents, he answered: I like Tony Goldwyn, I like Martin Sheen, I liked Michael Douglas, I loved Harrison Ford and Morgan Freeman and Donald Trump."

Related Link: 2024 President Election Betting Odds: Is Donald Trump Or Joe Biden The Current Favorite

Why Its Important: Trump served as the 45th president of the U.S. In the 2016 election, Trump defeated Hillary Clinton, the wife of Bill Clinton.

There is a long standing feud between Hillary Clinton and Trump, which likely led to the comments by Clinton on the late night talk show. The rest of the names singled out by Clinton portrayed presidents in movies or on television shows.

Hillary Clinton has ruled out another run for president of the U.S. Neither Trump or current PresidentJoe Biden, the last two presidents, have announced their intentions for the 2024 election, but both are expected to run.

Trump owned Trump Media & Technology Group is working to become a publicly traded company with a pending SPAC merger with Digital World Acquisition Corp DWAC.

Photo:Anthony Correia(Clinton) andEvan El-Amin(Trump) via Shutterstock

More:

Bill Clinton Takes A Shot At Donald Trump: Here's What He Said - Paramount Global (NASDAQ:PARA) - Benzinga