Trump's Post-Presidency Fortune: A Tale of Unwavering Fan Support
USAThu Sep 19 2024
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As Donald Trump left the White House in 2020, his financial future seemed uncertain. Without the backing of corporate investors, his business ventures were at risk of drying up. But Trump's die-hard fan base came to the rescue. His supporters have proven to be a loyal and willing audience, willing to spend money on almost anything with Trump's name attached. Since leaving office, Trump has cashed in on this devotion by selling a range of products, from coffee table books to digital trading cards.
One of the most surprising cash-ins has been Trump's series of NFTs (non-fungible tokens). These digital trading cards featured Trump in various heroic poses and sold for $99 each. Despite skepticism from some of Trump's own advisors, the NFTs sold out almost instantly, and Trump has since released new batches for fans to buy. This willingness to part with their money has allowed Trump to recoup any potential losses and even pad his bank account.
However, this devotion could come back to haunt Trump's supporters if they've invested in shares of Trump Media and Technology, the parent company behind his Truth Social platform. If Trump were to cash in on his own stake in the company, it could lead to a significant drop in the share price, leaving smaller investors with losses.
https://localnews.ai/article/trumps-post-presidency-fortune-a-tale-of-unwavering-fan-support-14520e57
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