If there’s one thing many people know about former president and current Republican candidate Donald Trump, it’s that, in his own words, he’s “really, really rich.”
The exact figure of his wealth is hotly debated, and his actual value has fluctuated widely during his professional career.
Analysts have scrutinized the 78-year-old Trump’s legacy, large real estate investments, television licensing deals, mountains of lawsuits and settlements, and, of course, his entire tenure as president. Often very different from his assets. That’s right. Trump himself hasn’t helped matters, given his longstanding reluctance to actually release his tax returns.
Despite this, he is progressing well. He currently ranks 473rd on the Bloomberg Billionaires Index’s list of the world’s 500 richest people. As of this week, Bloomberg estimated Trump’s fortune at $6.61 billion, and while the Trump media is responsible for much of his recent wealth, real estate is ultimately the source of his wealth. It is said that
Indeed, one of the most notable ways Trump has expanded his wealth in recent years is through the latest venture of Trump Media & Technology Group, which owns the social media platform TruthSocial. Trump Media stock has nearly tripled in the past month. The company announced this week that it has released an app for Amazon Fire TV to access Truth Social’s Truth+ streaming platform. The platform is also available on Android, Apple TV, and the web.
But not all news organizations agree with Bloomberg. According to the Wall Street Journal, the amount has hovered between $7.5 billion and $10 billion, more than double the amount Trump received the last two times he ran for president. Meanwhile, Forbes magazine, perhaps best known for estimating net worth, reports that Trump is worth $6.5 billion. The answer, then, is that Mr. Trump is a billionaire and certainly has a wealth of assets, but the numbers are fuzzy and the total amount is in flux.
As an example, consider Trump Media. The company’s stock price has risen and fallen this year in line with President Trump’s chances of winning. In recent weeks, Trump Media’s stock price has soared from an all-time low in September as his chances have grown, and there were hopes that the stock would continue to rise if he were to win. (Prices plummeted earlier this year when Trump was convicted of 34 felonies.)
Regardless of which publication’s estimates voters buy, the actual amount is unlikely to be clearly known before the election. New York Attorney General Letitia James said President Trump has exaggerated his net worth by as much as $3.6 billion on various occasions and possibly over the years.
