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Donald Trump has returned to the White House for his second term as the 47th US President after winning the 2024 election against Democratic candidate Kamala Harris. With an estimated net worth of $6.49 billion, according to Bloomberg, Trump remains one of the wealthiest individuals to ever hold the office.
Despite a 1.5 per cent decline, Trump’s wealth has surged by $3.4 billion this year, marking a 110 per cent increase.
The President-elect will earn an annual salary of $400,000 following his appointment. His net worth reached $8 billion on election day, more than doubling since the end of September, when it was $3.9 billion.
In addition to his political career, most of Trump’s fortune comes from real estate assets, including Trump Tower and a stake in 1290 Avenue of the Americas. He also holds a share in Trump Media & Technology Group, which has experienced significant stock price fluctuations. These ventures contribute to his estimated net worth of $6.49 billion, as reported by Bloomberg.
His net worth has been trending upward since July 2024, when President Biden withdrew from the election race.
Trump Media & Technology Group, which owns the social media platform Truth Social under the DJT brand, saw a rise in its share price following Trump’s victory. As of 11:45 am ET, it had surged by 8 per , with a peak gain of 34.9 per cent earlier in the day, according to Nasdaq data. The entity’s value has approximately tripled since September, significantly increasing Trump’s paper wealth.
Trump’s net worth is closely tied to the volatility of his company’s shares. On the 2024 Forbes list of “The 400 Richest People in America,” Trump ranked 319th, with a net worth of $4.3 billion, primarily from his real estate holdings, including golf courses and hotels.
In addition to real estate, Trump’s wealth includes assets such as a winery, cryptocurrency, gold bars, unique items like Bibles, and a 1991 Boeing 757 called “Trump Force One.”
Financial disclosures from August reveal that Trump has accumulated $635 million in assets through real estate and various ventures. Additionally, he owns $250,000 in gold bars and $1 million in cryptocurrency.
His Mar-a-Lago resort reported a $4.6 million increase in revenue from the previous year, totaling $56.9 million.
Trump’s wife, Melania Trump, has also contributed to their income, earning $237,500 from a speaking engagement at Mar-a-Lago in April for the Log Cabin Republicans, in addition to her success with NFTs.
Trump faces financial liabilities, including $83.3 million in damages from E. Jean Carroll’s sexual abuse and defamation lawsuits, and $454 million from a civil fraud judgment in New York for inflating his wealth in banking documents to secure better loan terms.
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