Donald Trump’s Net Worth Hits $6.5 Billion, Enters 500 Richest People List
The former president has properties valued at $4.3 billion.
By Naveen Athrappully
3/26/2024 Updated: 3/26/2024
Former President Donald Trump has entered Bloomberg’s list of top 500 global billionaires after his stake in Truth Social was valued at nearly $4 billion.
Truth Social parent company Trump Media & Technology Group (TMTG) went public following its merger with Digital World Acquisition Corp (DWAC). It will trade under the ticker symbol DJT on NASDAQ starting Tuesday. President Trump holds 78.75 million shares in the entity. DWAC closed Monday at $49.95, which makes the former president’s stake in the merged company worth $3.9 billion. According to Bloomberg, the deal pushes President Trump’s net worth to $6.5 billion, enabling him to join the list of wealthiest 500 people in the world on the Bloomberg Billionaires Index.
President Trump’s assets are spread across a wide variety of liquid and illiquid instruments. In a March 22 Truth Social post, the former president said he currently has almost $500 million in cash.
A Reuters analysis of court filings and federal financial disclosures showed that President Trump reported at least $537 million in revenues in 2022 from hotels and golf courses; $61.1 million from his stake in buildings; $30.4 million in royalties and licensing fees; and $26.5 million in managing fees. His Washington hotel netted him $268.7 million that year, including a profit made through selling a property.
President Trump’s properties were valued at $4.3 billion, the outlet said citing a June 2021 financial statement. Total loans and liabilities from the properties came in at $439.2 million.
President Trump’s net worth increase comes as he has to fulfill a multi-million bond requirement in the New York civil case that accuses him of inflating the value of his assets. He was initially required to pay $464 million.
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READ MORE: https://www.theepochtimes.com/us/donald-trumps-net-worth-hits-6-5-billion-enters-500-richest-people-list-5615263?ea_src=frontpage&ea_med=top-news-top-stories-1-large-3
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