Former President Donald Trump has been in the news a lot lately. Ever since the FBI raided his Mar-a-Lago estate, the firebrand Republican has been the subject of thousands of headlines.
While Democrats condemn Trump for allegedly taking classified documents from Washington, others claim there is no case against the former POTUS.
But none of this has stopped the legendary businessman from amassing more wealth.
Last year, Trump fell off the Forbes 400 list of the richest people in the United States. His businesses hadn’t been performing quite as well according to various sources, and his net worth had dropped.
But despite a borderline recession, Trump has surged in 2022.
According to a new report, Donald Trump’s net worth has jumped $700 million in the last year, which brings his total net worth to a whopping $3.2 billion. This represents a 6-year high for the former Commander-in-Chief.
He now comes in as the 343rd richest person in the country. Forbes editor Dan Alexander tweeted:
1/ This morning we unveiled our latest estimate of Donald Trump’s wealth, $3.2B. There’s a lot of misinformation about his finances, much of it stuff Trump has spewed over the years and some of it junk that his detractors toss around. Here’s the math. https://t.co/6aTKaWMSfu
— Dan Alexander (@DanAlexander21) September 27, 2022
Trump has often overstated his personal wealth.
He said back during his 2016 campaign that he was worth $10 billion, though at the time Forbes put it at $3.7 billion. Some have hinted that Trump’s real value was in fact much lower.
However, the $3.2 billion mark is the highest Forbes has given Trump since 2016, and many attribute this to the creation of the Trump Media and Technology Group.
Trump has around a $730M stake in the company, and he also sold a hotel in Washington D.C. for a cool $375 million, which was reportedly well above the estimated value of the property.
The career businessman spreads his wealth across real estate, golf resorts, brand work, and “other assets.”
He’s currently facing a massive $250M lawsuit, leveled by New York Attorney General Letitia James, which could hinder Trump’s business activities in NY. She accused the Trump family of manipulating its assets to get tax and insurance breaks.
Trump has since dubbed the lawsuit a “witch hunt.”
He also returned fire, reminding AG James of the concerning rise in crime in her state, and suggesting she’d be better off trying to fix that serious issue.
No matter what, though, it seems Donald Trump’s talent for making money hasn’t diminished. And if he does intend to run for President again in 2024, he’ll have plenty of cash to make it happen.
Key Takeaways:
- Former President Donald Trump returned to the Forbes 400 list of the richest people in the U.S.
- Forbes puts his current net worth at $3.2B, which marks a 6-year-high.
- Part of the $700M jump this year has come from the Trump Media and Technology Group, which owns Truth Social.
Source: Washington Examiner
