Donald Trump Net Worth Estimated To Be $6 Billion; How US's Richest President Made His Wealth
Since 1976, Trump expanded his inherited wealth through real estate development and other businesses, all under the leadership of the Trump Organization.
Donald Trump Net Worth: Donald Trump is among the wealthiest people who have presided over the United States. However, Trump’s wealth is a topic of much debate, largely due to the lack of transparency. According to Forbes, he has an estimated net worth of $6 billion.
After his first term as president, from 2017 to 2021, he was selling his supporters Non-fungible tokens (NFTs), coffee-table books and, most importantly, shares of a money-losing social media venture, as per Forbes.
He defeated Kamala Harris this year and again will be the richest president.
Since 1976, Trump expanded his inherited wealth through real estate development and other businesses, all under the leadership of the Trump Organization. According to Forbes, which has been monitoring Trump’s wealth for decades, estimated it to be $6 billion. The Trump Organization, as a private organisation, is not required to disclose financial statements in the same format or with the same amount of detail as a publicly traded firm.
In recent years, he also has a stake in Trump Media & Technology Group which owns his social media platform ‘Truth Social’ after he was banned from X, formerly, Twitter. The media company has experienced wild swings in its market value.
Aside from this Trump also owns several golf courses, mansions, a winery and a 1991 Boeing 757 nicknamed — Trump Force One.
As per the Associated Press, Trump reportedly earns $300,000 off sales of an edition of the Bible that he and country singer Lee Greenwood endorsed, known as ‘The Greenwood Bible’. He also earned $4.4 million in royalties off a book called ‘Letters to Trump’ and $500,000 off one called ‘A MAGA Journey.’ Trump still receives royalties on a wide number of other books, including ‘The Art of the Deal,’ which came out in 1987 and netted the former president $50,000 to $100,000 in the past year.
Trump also reported earning $7.15 million in licensing fees from NFT INT, which appears to be a firm selling digital tokens. His wife, Melania, earned $330,000 from selling NFTs, according to the report.
The former president also reported owning $100,000 to $250,000 in gold bars.
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