The wealth of former US President Donald Trump has developed over the past years until it reached high levels this year, benefiting from the offering of his media company, which added billions of dollars to it.
Former US President Donald Trump survived an assassination attempt after he was shot during an election rally in the US state of Pennsylvania. The event had widespread reactions inside and outside America, with some saying that this moment decided the fate of the US presidential elections in favor of Trump.
Trump's wealth currently amounts to about $5.4 billion, according to the latest update of Forbes data on July 14.
According to the data, Trump's wealth doubled this year, as his net worth at the end of 2023 was $2.5 billion, while it now amounts to about $5.4 billion.
Trump's wealth received a strong boost this year with the Trump Media and Technology Group, which owns Trump's social media platform, Truth Social, offering its shares for a public offering. Analysts at the time expected that this offering would add about $3 billion to the former US president's wealth.
Immediately after the company was launched, Trump entered the Bloomberg index of the 500 richest people in the world for the first time in its history.
Investments
Trump's investments are based in real estate, as he has been known over the past years as one of the most prominent real estate investors in New York, constituting the largest share of his wealth.
In addition to the properties that Trump rents to clients, he also owns golf clubs, tourist resorts, and a chain of hotels bearing his name in America and some countries around the world.
Real estate, golf clubs, and tourist resorts represent the lion's share of Trump's wealth, as well as his stake in Trump Media and Technology Company.
The rest of Trump's wealth comes in the form of liquid wealth, in addition to some of the revenues he obtains as a result of management services provided by one of his companies, in addition to his pension from the Screen Actors Guild of America.
Trump's wealth was subjected to a major test this year after he was officially convicted at the end of May 2024 on 34 charges related to falsifying business records, becoming the first US president to be criminally convicted.
Also, TrumpCoin Jumped 337% since its launch and up to 38% after his assassination attempt.
Photo Illustration by Soohee Cho/Getty
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