Saturday, October 26, 2024
HomeEconomyTrump says he's "really rich." As his potential presidential win approaches, here's...

Trump says he’s “really rich.” As his potential presidential win approaches, here’s how much he’s actually worth

Date:

Related stories

If there’s one thing many people know about former President and current Republican nominee Donald Trump, it’s that, as he puts it, “Really, really rich.”

The exact factors of his wealth have been hotly debated, as has his actual worth Yo-yo wildly Over the course of his professional career.

Between the 78-year-old Trump’s inheritance, major real estate investments, television licensing deals, mountain of lawsuits and settlements, and of course his tenure as president, analysts have pored over Trump’s actual wealth, which often differs dramatically from what he had. He says it is. Trump himself has not helped matters, given his extreme reluctance over the years to disclose his tax returns.

And yet he goes along. It is offline Rank 473 on Bloomberg Billionaires Index list of the 500 richest people in the world. As of this week, Bloomberg Trump’s wealth was estimated at $6.61 billion, while… Trump media She is responsible for most of that recent stumble, as she finally points to real estate as a source of wealth.

In fact, one notable way Trump’s wealth has grown recently is through his new venture, Trump Media and Technology Group, which owns the social media platform Truth Social. Trump Media’s stock price has nearly tripled in the past month. Company Announced this week It has launched an app for Amazon Fire TVs to access Truth Social’s Truth+ streaming platform, which is also available for Android, Apple TV and on the web.

But not every outlet agrees with Bloomberg. per Wall Street JournalIt ranges between $7.5 billion and $10 billion, more than double what it was when Trump was running for president the last two times. Meanwhile, Forbesperhaps best known for her net worth estimates, suggests that Trump is as well With a value of $6.5 billion. All this to say: The answer is that Trump is a billionaire, and certainly asset-rich, but the numbers are fuzzy and the totals are in flux.

See also  Berkshire Hathaway claims Jimmy Haslam tried to bribe Pilot executives to inflate company profits

Consider Trump Media, for example. Its stock price has risen and fallen in tandem with Trump’s election prospects. And in recent weeks, as his chances have improved, Trump Media’s stock price has risen from an all-time low in September — with expectations that it will continue to rise if he is actually elected. (When Trump was convicted earlier this year of 34 criminal charges, the price fell sharply.)

Despite estimates by voter-bought publications, the actual dollar figure is unlikely to emerge clearly before the election. Trump, at various points, may have done so, New York Attorney General Letitia James said He overestimated his net worth Even by $3.6 billion over the years.

Latest stories