According to Bloomberg’s Billionaires Index, former US President Donald Trump has experienced a significant increase in his wealth since leaving the White House. Data shows that Trump’s net worth has risen to $3.1 billion, an increase of approximately $500 million since 2021, when his wealth was estimated at $2.6 billion.
These calculations are based on documents related to the performance of Trump’s assets, which were made available during his ongoing trial in New York. Trump, along with his companies and sons, faces accusations of fraudulently inflating the value of their assets over a decade to secure favourable loans from banks and insurance deals.
During his testimony in the case, Trump claimed that the assets were undervalued and suggested that banks did not heavily consider his financial statements when issuing loans. He stated, “They just weren’t essential in banks’ decision-making process. And we’ll explain that as this trial goes along.”
Regarding Trump’s finances, his son, Eric Trump, an executive vice president of the Trump Organization, expressed confidence in the company’s financial health, stating that “the company has never been stronger and never been better.” He highlighted the company’s strong cash position and low debt levels.
Notable properties where alleged fraud occurred include the Mar-a-Lago Club, a historic Palm Beach estate, Trump’s penthouse apartment at Trump Tower on New York’s Fifth Avenue, Trump Park Avenue, a residential condo tower in Manhattan, and the 40 Wall Street Trump Building office tower.