Stephen Colbert in disbelief over Trump's newfound wealth
By Matt Moore
Donald Trump managed to shock Stephen Colbert yet again. The Late Show host found himself in a state of disbelief over the ex-president's newfound wealth.
Monday night's episode of The Late Show with Stephen Colbert lamented an appeals court decision that drastically reduced Trump's bond in his civil fraud case. And last night on Colbert's show, more good news for Trump meant bad news for the host.
Colbert's monologue reported that the Trump Media and Technology Group, which owns Truth Social, went public. Bloomberg states the deal increased Trump's net worth by more than $4 billion and puts the ex-president among the 500 richest people in the world.
Colbert, who boasts his own impressive net worth, asked why "bad things happen to good people, and why do good things ever happen to Donald Trump." But there may be a silver lining in the news, at least for the comedian.
Wall Street valued Trump's new deal with Digital World Acquisition Corp. at $13 billion. However, Colbert cited a CNN report suggesting that valuation is "untethered to reality." Considering Trump's history with valuations on his assets, perhaps Colbert can find some consolation.
Colbert wasn't done there. His monologue mentioned that Truth Social lost $49 in the first nine months of 2023. Still, the stock surged 56% percent at its opening. The Late Show host couldn't quite understand how Trump managed to sell a poorly performing product at such a high price. It inspired the comedian to introduce "Stephen Colbert's Bathtub Toaster."
Expect Stephen Colbert to continue keeping a close eye on Donald Trump. That includes money going out to pay fines and legal fees and money coming in to help ease his financial troubles and boost his campaign.