Trump wins presidency as wealth takes center stage
The AP reported on Wednesday that Donald Trump won the presidential election in the USA. The Republican candidate secured 277 electoral votes, seven more than the required minimum. Here's the wealth he will take with him to the White House.
Donald Trump's wealth largely consists of real estate, including the famous Trump Tower, a New York skyscraper, and the Florida Mar-a-Lago estate.
Trump's wealth
Trump's investments also encompass various clubs, including ten golf courses in six U.S. states, with a total net value of approximately £277 million, and two golf resorts in Scotland and one in Ireland.
His real estate is worth approximately £860 million.
Trump, in addition to his wealth, also has considerable cash reserves. In 2023, he testified that he has over £311 million in cash.
In September 2024, "Forbes" magazine reported that Donald Trump's wealth amounts to approximately £2.9 billion. Much of his income is generated by a social media initiative called Truth Social, considered a "right-wing version of Twitter," valued at approximately £1.4 billion.
Trump falls off the list of the richest
According to the Bloomberg Billionaires Index, Donald Trump fell off the list of the 500 richest people in the world at the end of September. This was due to a significant decrease in the valuation of Trump Media & Technology Group's stock. In May, the 114.75 million shares Trump held were valued at approximately £4.8 billion.
By the end of September, its value had fallen to approximately £1.6 billion. This was not enough to keep it on the Bloomberg Billionaires Index, the list of the world's 500 richest people.
