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Former US President Donald Trump’s business empire had its best day on record, and his wealth soared as a result. As Donald Trump faces a deadline to post more than $500 million in bail in a New York fraud case, an appeals court has reduced his bail to $175 million. He said his social media company, Trump Media & Technology Group, would foot the bill while the 29-month merger process is completed. With this move, billions of dollars worth of stock officially belonged to Donald Trump.
Increase in Donald Trump’s net worth
Donald Trump’s net worth has increased by more than $4 billion, allowing him to join the Bloomberg Billionaires Index’s 500 richest people in the world for the first time ever with a fortune of $6.5 billion. “We have a great company and we are incredibly honored,” Eric Trump, executive vice president of the Trump Organization, said in a statement.Donald Trump is campaigning to return to the White House. He said he was on a par with Joe Ricketts. Gordon Getty and Tony James in terms of net worth, according to the index.
What do we know about Donald Trump’s wealth?
“I have close to $500 million in cash,” Donald Trump said in a post on Truth Social. In his April 2023 deposition, he said he had “substantially over $400 million in cash.” His 2021 statement of financial position showed he had cash and cash equivalents worth $293.8 million at the time; Revenue related to the golf course and hotel is at least $537 million, with license fees and royalties of $30.4 million.
What do we know about Donald Trump’s wealth?
The former US president owns hotels, office buildings, residential buildings, golf courses, and real estate. 40 Wall Street, a New York office building, Trump Tower in Manhattan, and the Mar-a-Lago Resort in Palm Beach, Florida. According to financial reports, his assets were worth $4.3 billion as of 2021.
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