LAHORE (Web Desk) – President-elect Donald Trump's net worth is the “talk of the world” after his victory in the US election on Wednesday. But it’s estimation of experts and analysts “real worth” of the real estate tycoon is not publicly known.
According to Forbes, Trump’s victory sent “shares in Trump Media & Technology Group soaring on Wednesday, a market shift that added nearly $300 million to his fortune as he secured his second presidency.”
The magazine shared “key facts” as:
Shares of Trump Media increased by nearly 8% to just under $37 as of around 11 am EST on Wednesday, following an earlier surge in premarket trading that sent the stock above $40. The value of Trump’s roughly 57% stake in Trump Media — totaling 114.75 million shares — increased by roughly $290 million to $4.1 billion. Positive trading follows a volatile session on Tuesday, during which the stock rose by as much as $18.6% to $40.74 before turning negative — causing trading in Trump Media to be briefly halted — and ending the day down 1%. The company reported a loss of $19.2 million during its third quarter, in addition to revenue declining by 5.6% year-over-year. The percentage – 119%. That’s how much Trump Media’s shares increased in October, which featured a series of trading sessions in which the stock jumped by more than 15%. The stock reached as high as $54.68 during the month, hitting its highest level since June 5.
According to the online magazine Fortune, Trump never revealed his worth publicly, but “his actual net worth could swing dramatically” after his re-election for the second term.
Apart from $400,000 annual salary, the magazine wrote, “he’s currently raking in enormous sums on paper thanks to his hundreds of shares in the parent company of publicly listed social networking site, Trump Media & Technology Group Corp.”
The share price of the hugely popular social media platform Truth Social’s parent company has grown over 100% since January and more than 85% over the past month.
Experts assumption
Analysts have spent years attempting to ascertain Trump’s precise net worth — and he hasn’t helped, by refusing to publish his tax returns over the years.
What we do know: Trump came into a sizable inheritance from his father Fred Trump’s real estate dealings, and then he went on to make major real estate investments himself, and he secured a bevy of TV licensing deals in the early aughts.
He currently stands in 479th place on Bloomberg’s Billionaire Index list of the world’s 500 richest people. As of Wednesday, Bloomberg assessed Trump’s fortune to be $6.49 billion.
Last week, Forbes made a similar estimate of $8 billion, a substantial month-over-month growth. On the other hand, the Wall Street Journal says his wealth is greater — somewhere between $7.5 billion and $10 billion, debt included, representing a twofold increase from his riches when he ran for office in 2016 and 2020.
Reuters gave breakdown of some of Trump’s assets and sources of income in March, based on court filings and federal financial disclosures. In some cases the values reported by Trump were disputed in the New York civil case, which the real estate billionaire plans to appeal.
CASH
Trump said in the Truth Social post that he has “almost five hundred million dollars in cash.” In an April 2023 deposition with New York Attorney General Letitia James he said he had “substantially in excess of 400 million in cash.”
That number has gone up from Trump’s previous disclosures. A June 30, 2021 statement of financial condition that Trump submitted to the court showed that he had $293.8 million worth of cash and cash equivalents at the time.
Trump has a variety of sources of income, financial disclosure forms filed with the federal government in August 2023 show.
In 2022, Trump reported at least $537 million in revenues related to golf courses and hotels, $30.4 million in licensing fees and royalties, $26.5 million of management fees, and $61.1 million in distributions from his stake in buildings such as 1290 Avenue of the Americas in New York.
Trump also made $6.2 million from speaking engagements and $116,103 in pension from the Screen Actors Guild and the American Federation of Television and Radio Artists. In addition, he reported $268.7 million proceeds from his Washington DC hotel, including a gain on the sale of the property, and nearly $1 million from the sale of two helicopters.
PROPERTIES
Trump owns hotels, office buildings, residential buildings, golf courses and estates. A June 2021 financial statement listed several of his most valuable properties such as 40 Wall Street, an office building in New York, the Trump Tower in Manhattan, and the Mar-a-Lago resort in Palm Beach, Florida. The financial statement said his properties were worth $4.3 billion at the time, while Trump owed a total of $439.2 million in loans and other liabilities. It said his net worth was $4.5 billion.
Among his major properties, the document said golf clubs and other club facilities were worth $1.76 billion, New York buildings such as Trump Tower and Trump Plaza were worth $524.7 million and $33.4 million, and his stakes in two buildings jointly owned with Vornado were worth $645.6 million.
In the New York case, the judge ruled Trump had overstated the value of some of those properties over the years, including inflating the value of 40 Wall Street by $120 million in 2015, and overstating the value of Seven Springs, a property in New York’s Westchester county, by $147 million in 2014. The judge called Trump’s estimated value of Mar-a-Lago “fraudulent” and wrote it is “possibly a billion dollars or more” over its market value.
TRUTH SOCIAL
Truth Social is worth about $6 billion, based on how shares in a blank-check acquisition company it is set to merge with are trading. Trump’s shares in the combined company are currently worth about $3.6 billion, and the percentage of his stake could end up between 58.1% and 69.4%. Trump cannot sell his shares or borrow against them for six months after the merger is completed.