In the upcoming year, Donald Trump could potentially break his own record as the wealthiest person ever elected as president.
Analysis by Bloomberg reveals that Trump has seen a notable increase in wealth since departing from the White House. Simultaneously, his level of indebtedness is at its lowest in years.
The Bloomberg Billionaire Index estimates Trump’s fortune now stands at $3.1 billion, up $500 million from 2021. That is higher than the $3 billion Bloomberg estimated in 2016.
According to Bloomberg estimates, rather than growing wealthier during his presidency, Trump experienced considerable economic setbacks while serving the public. Bloomberg’s evaluation indicates that Trump’s fortune dropped to $2.5 billion in 2020.
As reported by Bloomberg:
The higher net worth comes as Trump’s businesses are proving resilient in the face of a gloomy real estate market. His move to Florida after leaving the White House coincided with a boom in the state that’s bolstered the finances of two of his best-known properties — Mar-a-Lago in Palm Beach and the Doral resort in Miami — while revenues at the rest of his golf courses have surged more than 50% since 2019.
And after selling his Washington hotel and paying down loans, Trump is sitting on more cash and less leverage than at any point in the past decade.
“The company has never been stronger and never been better,” his son, Eric Trump, executive vice president of the Trump Organization, said in an interview. “We have the most cash and the lowest debt. We are in a fantastic spot.”
Trump’s personal evaluation of his financial status is more optimistic. His 2021 financial disclosure, submitted for a lawsuit, valued his net worth at $4.5 billion. This amount notably decreased from the $5.8 billion estimate he provided in 2016, indicating a significant portion of Trump’s personal fortune was seemingly sacrificed during his presidency.
In the legal battle between New York state and the president, their valuation differs significantly. New York estimated Trump’s net worth at $2.6 billion in 2021, with an extraordinarily low assessment of $27.6 million for the Mar-a-Lago property. However, Bloomberg’s estimate values the same property at $240 million.
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