A recent $350 million-plus civil fraud judgment and an additional $83.3 million defamation case against former President Donald Trump in New York have caught headlines. However, away from these fines, Trump's focus has been on a potentially lucrative venture - the forthcoming IPO of his social media platform, Truth Social.

Truth Social has received approval for its IPO from the U.S. Securities and Exchange Commission this week. According to the terms of the deal, Trump stands to gain 79 million shares in the company, currently valued at $48 each, totaling a staggering $3.8 billion.

Interestingly, if Truth Social stock remains above $17.50, Trump and his partners stand to receive an extra 40 million shares valued at $1.9 billion. Despite the speculative nature of the investment, some traders are capitalizing on the hype surrounding Trump's potential re-entry into the political arena.

The stock surge in Truth Social comes at a crucial time for Trump, as he faces mounting legal challenges, including four criminal trials involving a total of 91 felony counts. Among these indictments are charges related to attempts to overturn the 2020 election, mishandling classified documents, and alleged payouts to Stormy Daniels during the 2016 presidential campaign.

As Trump navigates legal battles, the stock market success of Truth Social presents a significant financial opportunity for him. Looking ahead, the outcome of both his legal battles and the performance of Truth Social's stock will shape Trump's financial and possibly political future.