Donald Trump Assassination Bid: One Of World’s Richest Men | Check Net Worth Of Former US President

Donald Trump Assassination Bid: Donald Trump, who almost escaped the attempted assassination at a Butler, Pennsylvania, campaign rally today, was perhaps the wealthiest person to hold the office of President of the United States. His true net worth, however, is still up for discussion. Trump asserted in a press release in 2015 that his net worth exceeded $10 billion. Trump's net worth increased by $4.6 billion from the previous year to $7.7 billion in June 2024, according to the Bloomberg Billionaires Index, placing him among the 500 richest persons in the world. But after decades of tracking his riches, Forbes magazine pegs Trump's net worth at $6.7 billion as of June 2024. What is known about the former president's fortune and how it was acquired is listed below.

Donald Trump Wealth

Donald Trump has increased his inherited riches since 1976 by developing real estate and starting various businesses under the Trump Organization. The Trump Organization is not obligated to release financial statements in the same format or with the same amount of information as a publicly traded business as it is a private firm.

Social Media Company

Truth Social is a social media network owned by Trump Media and Technology Group, a social media corporation in which it owns a sizable amount of its wealth. According to an April 2024 SEC report, Trump holds 114.75 million shares of Trump Media and Technology in addition to 36 million earnout shares. Trump's net worth increased by almost $1.2 billion as a result of the earnout shares, as per Bloomberg. According to Forbes, his ownership stake in Trump Media is valued at approximately $5.6 billion. Trump Media's ($DJT) stock dropped following the former president's conviction on 34 felony counts of falsifying company documents by a New York jury. According to Forbes, the decline in the share price caused a $316 million decrease in the value of Trump's shares.

As per the Forbes analysis, the assets that comprised Trump's wealth as of May 2024 were:

• Trump Media and Technology Group: $5.6 billion
• Real Estate: $1.1 billion
• Golf Clubs and Resorts: $810 million 
• Cash and other assets: $510 million
• Legal Liabilities: -$540 million

Trump's cash and personal assets, as disclosed in his 2023 disclosure form, are dispersed among hundreds of equities, bonds, mutual funds, and other instruments. It's important to note, though, that the figures on Trump's financial disclosure forms are self-reported, and his longstanding accounting company, Mazars USA, said in February 2022 that it could no longer support the financial statements it had created for the Trump Organization from 2011 to 2020.

Conclusion

For a long time, there has been debate about Donald Trump's net worth, and he has frequently been charged with inflating it, either for financial gain or just to bolster his reputation as a prosperous businessman. His enterprises are privately held, and his necessary financial statements are only estimates, thus it's unlikely that his exact net worth will ever be known.