Forbes Has a New Estimate of Trump’s Net Worth
AP Photo/Mark Schiefelbein
A group of online friends who make fun of current news stories ……… (opposing viewpoints welcome)
AP Photo/Mark Schiefelbein
Forbes’ latest review of President Donald Trump’s finances reports a sharp rise in his estimated wealth. The magazine calculates his net worth at about $7.3 billion as of September, an increase of roughly $3 billion over the past year. Much of that growth is attributed to gains tied to cryptocurrency ventures following the election, along with continued investor support for the president’s social media company despite declining revenue and ongoing losses.
According to the estimate, about $2.4 billion of Trump’s assets consist of cryptocurrency holdings and cash. That figure includes approximately $709 million connected to a meme coin introduced around the time of his second inauguration, along with several hundred million dollars linked to the Trump family’s World Liberty Financial project and its dollar-pegged stablecoin.
Reporting from the Wall Street Journal in December indicated that the Trump family receives 75 percent of the World Liberty Financial tokens that are sold, in addition to a share of profits generated by the stablecoin. Another major portion of the president’s wealth comes from Trump Media & Technology Group, the parent company of Truth Social, which Forbes values at about $2 billion even though the company’s stock price has dropped by more than half.
Outside of the newer digital ventures, much of Trump’s portfolio remains rooted in traditional assets. Forbes estimates roughly $1.3 billion tied to golf courses and resort properties, about $1.2 billion in real estate holdings, and around $500 million from branding and licensing deals that have regained momentum. His financial profile also includes aircraft, pension assets, and some ongoing legal liabilities.
The president’s involvement in cryptocurrency has drawn criticism from some Democrats. Senator Chris Murphy of Connecticut recently described the ventures as a potential conflict of interest, claiming they could allow business leaders or foreign figures to send money in exchange for political influence. Donald Trump Jr., the president’s eldest son, has rejected those accusations, arguing that cryptocurrency is a practical financial tool and beneficial for the country.
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