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Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan. The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He bought the Miss Universe brand of beauty pageants in 1996, and sold it in 2015. He produced and hosted The Apprentice, a reality television series, from 2003 to 2015. As of 2020, Forbes estimated his net worth to be $2.1 billion.[
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Trump’s crumbling business empire just took another $73 million hit

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Truth Social, in early 2022, new filings reveal it has lost around $73 million in net sales.The financial disclosure form was made by Digital World Acquisition Corp. (DWAC).

It’s a merger partner with Trump Media & Technology Group (TMTG). Trump launched TMTG in 2021, boasting it would rival tech giants such as Facebook.The Hollywood Reporter was the first to pick up the story.

The filings reveals that in 2022 Truth social lost $50 million and made just $1.4 million net sales. It fared slightly better this year, bringing in $2.3 million in sales but again losing $23 million so far.Ouch.Trump’s stake in Truth Social is believed to be worth somewhere in the region of $5-$25 millionIt doesn’t take a business genius to work out the situation is dire.

The filing itself notes, “[Trump Media & Technology Group’s] independent registered public accounting firm has indicated that TMTG’s financial condition raises substantial doubt as to its ability to continue as a going concern.”The merger between TMTG and DWAC has not yet completed.

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