Trump Moves Up 55 Places in Billionaires List

President Donald Trump’s net worth has climbed significantly over the past year, even as some of his most high-profile business ventures have slowed. According to Forbes, the president’s fortune is now estimated at $6.5 billion, an increase of $1.4 billion from a year ago. The rise moves Donald Trump to No. 645 on the publication’s global billionaires list, up from No. 700 previously.

Much of the increase has been driven by cryptocurrency ventures. Trump and his family’s project, World Liberty Financial, has reportedly generated about $550 million through token sales. The venture also brought in roughly $200 million by selling a confidential 49% stake to an investment firm linked to Tahnoon bin Zayed Al Nahyan of the United Arab Emirates.

Trump continues to hold hundreds of millions of dollars in crypto tokens and maintains about a 38% ownership stake in World Liberty Financial. His portfolio has also benefited from rising valuations of properties such as Mar-a-Lago and several of his golf courses. In addition, a New York appeals court decision that dismissed a $517 million civil fraud penalty further boosted his financial outlook.

Despite the gains, Trump’s net worth is still below its September peak of $7.3 billion, as cryptocurrency prices and shares of Trump Media & Technology Group have declined in recent months.

Original Source