Updated numbers from a business magazine that came out on Monday show that Trump’s estimated worth dropped from $3.2 billion in September 2022 to $2.5 billion in the most recent count, which was done last month.
Trump’s wealth has gone up and down over time. In 2015, when he announced his first presidential run, he was worth $4.5 billion. In 2020, when he ran for president for the second time, his net worth dropped to $2.1 billion.
Since he lost the last presidential election to Joe Biden, his net worth has been around $2.5 billion, though it was $3.2 billion last year, which is a bit more.
According to the most recent report, most of Trump’s wealth comes from his golf clubs and resorts, which are worth $730 million, and his real estate ventures in New York City, which are worth $720 million. His cash and personal assets add up to $610 million, and his social media and brand business brings in $240 million. The former president also owns real estate outside New York City worth $230 million.
Trump’s net worth has decreased mainly because his social media assets have decreased in value. Forbes said in September 2018 that Trump Media and Technology Group, the former president’s social media company, was worth $730 million. But now that it’s been six months, the business is only worth $180 million.
The property with the highest net value that the former president owns is at 1290 Avenue of the Americas in Manhattan. The skyscraper is worth $330 million after Trump’s 30 percent stake in the office and retail space. The CEO of Vornado Realty Trust, Seth Roth, is in charge of the building. Roth was a member of Trump’s 2016 presidential campaign’s economic advisory council.
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Mar-a-Lago, a private club in Palm Beach, Florida, where Trump has lived since he left office in 2021, is his second most valuable property. It costs $325 million to buy. He first purchased the club for about $10 million in 1985.
The Trump International Hotel and Tower in Chicago, which has a net value of -$26 million, maybe the asset that costs Trump the most. According to documents obtained by The Washington Post, his political ambitions hurt the profits at his Chicago hotel, which went from making $17 million in operating income in 2015 to just $2 million in 2018.
In 1982, when he was worth $200,000, Trump first appeared on the Forbes 400 list, ranking the 400 wealthiest Americans yearly. Since then, he’s been on the list almost every year, except for the five years between 1990 and 1995 when he was left off. In 1996, he returned to the U.S. with a net worth of $450 million. By 1997, that had grown to $1.4 billion.
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