Former President Donald Trump has reclaimed his place among the Forbes 400 list of the richest people in the United States after falling off last year.
As a result of his net worth jumping by a whopping $700 million to a six-year high of $3.2 billion, Trump is now ranked the No. 343 richest person in the country, according to Forbes.
“This morning we unveiled our latest estimate of Donald Trump’s wealth, $3.2B. There’s a lot of misinformation about his finances, much of it stuff Trump has spewed over the years and some of it junk that his detractors toss around,” Forbes editor Dan Alexander tweeted.
Trump has publicly taken great pride in his net worth, frequently crowing about his exorbitant wealth at rallies and other events.
During his 2016 campaign, the real estate mogul touted that he was worth $10 billion, but Forbes and others consistently pegged it lower, at about a more modest $3.7 billion. Critics, often seeking to get under his skin, have speculated that his wealth is even lower.
The latest figure from Forbes marks the highest estimate it has given Trump’s wealth since the 2016 campaign before his wealth began to dip during his presidency. At the heart of his wealth revival is the formation of Trump Media and Technology Group, which runs Truth Social, according to Forbes.
The former president has at least a $730 million stake in the company and also sold off a hotel in Washington, D.C., in May for $375 million, considerably above the value experts pegged the property at, Forbes reported.
Trump’s wealth is largely divvied up across five major types of assets: $740 million in golf resorts, $790 million in brand work, $880 million in New York real estate, $290 million in real estate outside New York City, and $550 million in other assets, according to Forbes.
Earlier this month, New York Attorney General Letitia James unveiled a staggering $250 million lawsuit against Trump that also seeks to impose restrictions on the Trump Organization’s business activities in the Empire State. She claimed that Trump’s business empire was cooking the books and manipulating its asset valuations.
Acknowledging the lawsuit and corroborating some of its claims, Forbes insisted, “make no mistake, Trump is extremely rich.” James has left the door open to negotiating a settlement with Trump, who has decried the lawsuit and her investigation as a “witch hunt.”
Perhaps a counter suit? Maybe three times what the dishonest person spews out?
Wouldn’t you think that with the constant losses that the liberals would back off and quit lying?
Obviously they never met a honest man.
It is a miracle to even build the skyscrapers in New York. You have to go through a lot of red tape, deal with gangsters in the different territories, and dealing with people in the city government is 10 times worse than dealing with the gangsters. Then to get that millions of gallons on cement through all that red tape, and traffic before it dries in those trucks is truly remarkable. These people attacking President TRUMP have never really had a real job, have never owned a company, and don’t have a clue what it takes to make a city. Instead they waster their time trying to destroy instead of creating. Unfathomable.
I don’t care about his worth. I care that he’s good at understanding business and ran our country like a well-oiled machine. Love him or hate him, we need him!