President-Elect Trump’s Net Worth Grows by $3.6 Billion in 2023 – One America News Network
OAN Staff Blake Wolf
10:41 AM – Thursday, December 26, 2024
President-elect Donald Trump’s net worth reportedly increased by $3.6 billion over the past year, reaching a total of $6.1 billion, primarily due to his majority ownership in the parent company of the social media platform Truth Social.
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In addition to Trump’s 60% stake in Truth Social, he possesses assets worth approximately $1.1 billion in skyscrapers, golf courses, hotels, and residences globally.
One of Trump’s most prized assets is his share in Trump Media & Technology Group (TMTG), which is the parent company of Truth Social.
TMTG operates Truth Social, a platform that promotes free speech, allowing Trump to communicate with his followers following his removal from Twitter in 2021, before its acquisition by ally and future DODGE leader Elon Musk.
As reported by Forbes, Trump generated more revenue than any other sitting president, accumulating around $2.4 billion from his various business endeavors, leading to approximately $550 million in income from 2017 to 2020.
Forbes also indicated that in January 2024, Trump’s net worth was about $2.5 billion, which fluctuated throughout the year, impacted by the public listing of Truth Social’s parent company that enhanced his wealth, alongside ongoing legal issues that led to declines.
A notable increase in Trump’s net worth occurred after he survived an assassination attempt in Butler, Pennsylvania in July, aided by donations which pushed his wealth to $6.1 billion.
Furthermore, his net worth rose to approximately $7 billion as excitement surrounding his parent company, Truth Social, intensified, although it saw declines, including a drop to $3.67 billion following a debate against Vice President Kamala Harris.
Despite the ups and downs in President-elect Trump’s association with Truth Social, his net worth saw a significant rebound around late October, coinciding with increased betting odds favoring his success in the 2024 election.
Currently, Trump’s net worth remains above $6 billion following the transfer of his entire stake into a trust.
Trump’s campaign committee has successfully raised around $388 million from January 2023 to October 2024, in addition to Trump-affiliated PACs accumulating $1.1 billion.
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