Trump Rejoins The Forbes 400 With His Estimated Net Worth Jumping From $2.5 Billion To $3.2 Billion
The New York attorney general hit Donald Trump with a $250 million lawsuit last week
accusing the real estate mogul of engaging in financial fraud by lying about the value of his assets
But make no mistake, Trump is extremely rich.
In fact, the former president climbs back onto The Forbes 400 this year after dropping off 12 months ago
the former president climbs back onto The Forbes 400 this year after dropping off 12 months ago,
with his estimated net worth jumping from $2.5 billion to $3.2 billion, enough to qualify for No. 343 on the ranking of America’s richest people.
The roots of his resurgence go back to January 6, 2021, when the riot on the U.S. Capitol prompted a backlash against the president
Several companies tried to distance themselves from Trump, and Twitter permanently banned him from its platform.
Nine months later, out of office and sitting atop a stagnant business empire,
Trump announced the creation of a new company, the Trump Media and Technology Group, and its intended competitor to Twitter, Truth Social.
It’s just one example of a broader trend in Trump’s portfolio. His assets are not worth anywhere near what he claims, but they are still extremely valuable.