Donald Trump may have joined the ranks of America’s richest people with his real estate holdings ranging from golf courses to hotels, but he more than doubled his net worth to $5.5 billion this year after just starting a business. Trump’s stake in Trump Media & Technology Group.
The loss-making social media company, which trades under the ticker symbol “DJT,” the same as President Trump’s initials, has had a volatile year since going public in March. Trump Media’s market value initially soared in March, making it worth 57% of the former president’s stake. $5.2 billionbut it fell to $1.4 billion in September when the stock hit a low of $11.75.
The wild swings in Trump Media stocks have prompted comparisons to meme stocks, companies that trade on social media buzz, rather than sales and profit growth, investors’ preferred metrics. Trump Media, whose main asset is the Truth Social platform, Decrease in revenue and large lossesUniversity of Florida finance professor Jay Ritter told CBS MoneyWatch, “Stock prices are incredibly overvalued.”
Still, Trump’s wealth dwarfs that of his rival, Vice President Kamala Harris, along with her husband Douglas Emhoff. Approximately $8 million worthaccording to Forbes estimates. Harris’ wealth comes from decades of public service, book royalties and investments.
Here’s what you need to know about President Trump’s assets.
President Trump’s DJT stock
Despite the ups and downs in DJT stock, Trump’s stake in the social network has increased his total net worth to $5.5 billion, more than double the $2.4 billion it had at the beginning of 2024, according to Forbes magazine. That’s what it means.
His stake in DJT stock, worth about $3.5 billion based on its Nov. 1 closing price, remains his single largest financial asset. That’s down from $5.9 billion when the stock hit a recent high of $51.51 on Oct. 29. Since then, DJT stock has lost half its value.
Because President Trump has promised don’t sell For now, most of his stock market wealth remains on paper, regardless of DJT stock.
Where does Trump’s wealth come from?
Despite owning billions of dollars in DJT stock, Trump’s original wealth comes from real estate ranging from residential buildings in New York City to golf courses and hotels around the world.
Trump went to work for his father, Fred Trump, a New York City real estate developer who built more than 27,000 apartments and row houses in Queens and Brooklyn, according to the New York Times. . Trump has claimed that a $1 million loan from his father helped him build his business, which now includes properties such as the Mar-a-Lago club in Florida and Trump Tower in Manhattan. is included.
According to Bloomberg News, one of his biggest assets is a $500 million stake in the Manhattan office building 1290 Avenue of the Americas, which is worth more than the value of the Trump National Doral Miami Golf Resort. is said to be approximately $300 million.
President Trump’s income from cryptocurrencies, NFTs, and the Bible
Trump has also received financial aid. digital assets The August financial disclosure form indicates that it includes cryptocurrencies and non-fungible tokens (NFTs). The former president also makes money by licensing his name on items ranging from Bibles to sneakers.
President Trump revealed that he made $7.2 million from NFT licensing deals, but also revealed that he also kept $5 million in “virtual Ethereum keys.”
a $59.99 Bible In 2023, Trump earned $300,000 in royalties from his alliance with singer Lee Greenwood and a collection of letters sent to him over the years from celebrities such as Oprah Winfrey. has earmarked $4.5 million for its “Letter to Trump.”
Financial disclosure forms also show that Trump continues to earn money from the reality show “The Apprentice” and his 1987 book “The Art of the Deal.” He receives a pension of more than $90,000 a year from the Screen Actors Guild.
Despite investments in cryptocurrencies and NFTs, Trump’s investments are primarily held in stocks, index funds, and bonds, including U.S. Treasuries, according to the form. He also owns at least $100,000 in gold bars.
President Trump’s responsibility
The disclosure document, required of all presidential candidates, outlined debts including mortgages on Trump Tower and several other properties, as well as new debt related to legal judgments.
Trump is appealing three judgments against him for more than $500 million. That includes a total of $88.3 million from two lawsuits in which juries found Mr. Trump liable for sexual abuse and defamation of author E. Jean Carroll, and a judge who ordered Mr. Trump to pay $450,000. It includes a total of $88.3 million from a New York state lawsuit that was ruled owed more than $10,000. Interest for fraudulent schemes. President Trump has promised to pay millions of dollars in collateral bonds in such cases.
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