Donald Trump’s fortune increased by $3.6 billion this year, reaching a total of $6.1 billion, largely driven by his controlling interest in the parent company of Truth Social, according to a report from Forbes on Wednesday.
Trump holds a 60% share in Truth Social’s parent company, which fluctuates in value, making him the largest shareholder and the majority of his wealth is tied to this investment.
In addition to his stake in Truth Social, Trump’s assets include roughly $1.1 billion worth of properties such as skyscrapers, homes, hotels, and golf courses globally, along with a licensing business and various product sales.
During his tenure as president, Trump earned more money than any previous president, as reported by Forbes. From 2017 to 2020, his various businesses generated about $2.4 billion in revenue and earned roughly $550 million in income.
From January 2023 to October 2024, the Trump campaign committee raised around $388 million, while affiliated PACs raised a total of $1.1 billion. Trump did not personally contribute any of his own funds to his campaign, though several of his businesses were contracted by it.
Trump faces liabilities exceeding $1.5 billion, including loans on more than 10 properties, as noted by Forbes.
During his previous term in the White House, his net worth had reached $4 billion, but by early this year, it had dropped to about $2.5 billion.
Trump’s wealth surged to $6.4 billion within one day of Truth Social’s parent company going public in March this year, and at one point, it even reached $7 billion due to the excitement surrounding the company’s stock.
However, the stock price was volatile, and Trump’s net worth dipped to one of its lowest points of the year in April, falling to $3.67 billion when the stock price hit its bottom.
Despite this, the stock for Truth Social’s parent company rebounded throughout the year, and so did Trump’s net worth, particularly after his victory in the presidential election.
{Matzav.com}