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In one year, Donald Trump went from having a net worth of $2.5 billion and facing huge legal burdens to becoming the next president and returning to Forbes magazine’s list of America’s richest people. This is thanks to a majority stake in Truth Social’s growing parent company. His net worth amounts to $6.1 billion.
Lititz, Pennsylvania – November 3: Republican presidential candidate, former US President Donald … (+)
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By the beginning of this year, Mr. Trump’s net worth was approximately $2.5 billion, as determined by Forbes magazine in its annual Forbes 400 list of Americans’ richest people in September 2023. This figure is down from his last appointment, when his net worth reached $4 billion, but his net worth did not fluctuate much before taking ownership of public companies.
Trump’s net worth quickly rose to $6.4 billion within a day of Truth Social’s parent company going public, after legal rulings weighed on his net worth between January and March. That’s up sharply from $2.3 billion. Legal burdens weighed on his net worth from January to March, reducing it from $2.5 billion. The stock, listed under the ticker DJT, comes after a reverse merger between special purpose acquisition company Digital World Acquisition Corp. and Trump Media & Technology Group (TMTG) was approved after months of delays. The price soared after it was approved.
As excitement about the company continues, President Trump has amassed a net worth of $7 billion within two days of its listing.
Trump’s net worth reached one of its lowest values of the year on April 16 at $3.67 billion, as TMTG stock bottomed out after several days of decline, but the stock rose by the end of the month. Trump’s net worth reached $7.6 billion on the 21st. On April 30th, he increased his stake.
President Trump’s net worth has doubled in the past year to more than $8.1 billion, a record high, and throughout this month his net worth exceeded $5 billion, reaching $8 billion again on the 14th. Coincidentally, on the same day, a jury found that Trump had abused Elle magazine reporter E. Jean Carroll and awarded her $5 million in damages. Days earlier, adult film star Stormy Daniels testified in the hush money trial against Trump, who was later convicted.
The day after a jury found him guilty of all 34 felonies for falsifying business records in a hush-money criminal trial dating back to 2023, Trump’s net worth fell by about $300 million to $7.5 billion.
Following the July 14 assassination attempt on President Trump during a rally in Butler, Pennsylvania, TMTG’s stock price skyrocketed, increasing President Trump’s net worth by more than $1 billion to $6.1 billion.
President Trump announced that he would not sell TMTG stock because the lock-up period that prohibits sales is about to expire. As he told reporters, his net worth increased by about $200 million to $3.9 billion. No, I love it. ” The rebound comes days after his net worth fell following his debate performance against Vice President Kamala Harris, and the stock continued to slump throughout the month, hitting its lowest level this year.
In a turn of fortune for the 78-year-old billionaire, Trump’s months-long ownership of TMTG saw him return to the 2024 Forbes 400 list. After being removed from the Forbes 400 list in 2021, he was ranked 319th with a net worth of $4.3 billion. It’s been 25 years.
In the most notable spike this year, Trump’s net worth peaked for the third time at $8 billion after weeks of TMTG rallies as the odds of President Trump’s election victory increased.
The day after Trump’s election victory, his net worth reached $6.2 billion, and throughout the month his net worth remained consistently around or above $5.1 billion.
As Mr. Trump spent his first month as president-elect focused on the transition, his net worth rose to $6 billion by Dec. 9 and remained above that. It reached $6.51 billion on December 16th and changed slightly on December 20th due to asset transfers. The entire amount will be placed in a trust.
What assets does Donald Trump own?
As of December 23, Trump’s portfolio was worth $6.1 billion, making him the 530th richest person in the world. His wealth is largely tied to the value of TMTG. He owns 60% of the variable shares, making him the largest shareholder and accounting for more than half of his net worth. He also owns approximately $1.1 billion worth of skyscrapers, penthouses, buildings, residences, hotels, and golf courses around the world. Additionally, he owns a licensing business that sells a variety of products including Trump-themed NFTs, sneakers, Chinese-made Bibles, guitars, cologne, and watches.
How much does President Trump spend each year?
Through access to bank records first revealed in December during Trump’s civil fraud trial, Forbes reported that Trump spent an average of about $130 million a year from 2010 to 2019. . Several significant purchases have also been made over the past decade, including a customized Boeing 757 that would become Trump Force One, as well as major real estate and redevelopment projects.
How much did President Trump earn as president?
Trump has made more money as a sitting president than any previous president, Forbes magazine reported. His various businesses generated approximately $2.4 billion in revenue and approximately $550 million in revenue from 2017 to 2020.
How much money did President Trump raise in his 2024 campaign?
The Trump campaign committee raised about $388 million from January 2023 to October 2024, ultimately leaving about $36 million in cash. Trump-affiliated PACs raised $1.1 billion. Forbes reported that Trump did not use any of his personal funds for his campaign. In fact, some of Trump’s businesses, including his plane, were reportedly hired by the campaign as he traveled across the country.
tangent
New York Attorney General Letitia James said in December that President Trump would not be exempt from the $454 million plus interest ordered in a February judgment in his civil fraud trial. The payout is a judgment against Mr. Trump, who intentionally approved financial statements that exaggerated the value of his assets in order to secure better business opportunities. Separately, the sentencing of Trump’s 34 felony convictions in his hush money trial after he became president-elect was postponed. President Trump wants the conviction overturned, but prosecutors want to delay sentencing until after the president’s term. These include a federal indictment against Trump for trying to overturn the 2020 election, a federal lawsuit alleging that Trump kept classified documents in his Florida home, and a suspended case in Georgia dealing with criminal charges. Three other ongoing cases have also largely been resolved. Suspected of interfering with the 2020 election results.
How much debt does President Trump have?
President Trump has more than $1.5 billion in debt. He has loans on more than 10 properties, including an office in New York City, whose $118 million value is millions of dollars more than the property’s value. He also owes more than $480 million plus interest from a New York civil fraud trial and a potential more than $92 million from two criminal penalties against Carroll. Trump has set up bail to pay Carroll this year, and he owes her $91.6 million in one fine and $5.5 million in another.
Main background
The reverse merger of Truth Social proved to be one of his defining achievements. As Forbes magazine reported in September, he is the only American politician to have amassed so much wealth from his political position and career. But all is not rosy for the company for President Trump. TMTG is primarily considered a “meme stock,” a stock that has no value in its product but has been fueled by internet hype. It posted a net loss of $380 million for the year. In November, it reported a net loss of $19 million. And stock prices have clearly responded to President Trump’s media and internet presence, which can be seen as stock prices repeatedly moving throughout the year in line with his presidential campaign positions. As Forbes reported in September, the company’s financial situation is “extraordinary.”
