Former US President, real estate mogul, and television personality Donald John Trump’s net worth as a billionaire has always been up to skepticism. While Forbes had estimated his wealth at $3.9 billion as “definitive” towards the end of September, the updated Forbes Billionaire Index now has Trump a net worth of $6.1 billion, which is exactly double of the figure from weeks back!
Ranked at 535 on the Forbes index, the 78-year-old Republican hopeful, in his another shot at the White House, has entered the elusive top 500 billionaires club on the Bloomberg Billionaire Index. Ranked 473 on the board, with a similar net worth to that of competitor’s index, Donald Trump’s net worth has surged owing to a value hike of his media startup, Trump Media and Technology Group. A major source of Trump’s wealth is the real estate business. Much of his wealth is acquired from his father, Fred Trump. Reportedly, Donald Trump was a millionaire by the age of 8 when his dad set up trust funds worth $1 million in 1976 for his five children and three grandchildren. Between 2004 and 2018, Trump made $427.4 million through his TV show ‘The Apprentice.’ During the NFT (non-fungible token) gold rush of 2023, Trump made $7.2 million with his merchandise. Trump-themed coins, watches, and ‘God Bless the USA’ Bibles have been yet another source of income for the billionaire, who has also faced lawsuits for committing tax frauds. In his current bid to become the 47th president of the USA, will his current fortunes help? Most certainly it will, but the shrewd businessman will continue to rely on donations and support by his fellow billionaire buddies, including Elon Musk, his most vocal supporter and ally.
Elon Musk gave another $56 million to elect Donald Trump and other Republicans in the final weeks of the 2024 election, bringing the amount spent by the world’s richest person to elevate his allies to at least $132 million, federal filings show. https://t.co/7qhSK33dr1— Bloomberg (@business) October 25, 2024
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