Forbes wealth tracker5/29/2023 ![]() ![]() ![]() ![]() Trump insisted that tax returns did a poor job of cataloging a person’s wealth, which is, um, not true. Pinpointing Trump’s exact wealth is extremely difficult due, in large part, to the fact that he refused to release any of his tax returns either while he was running for president or during his four years in office. “I don’t need the money and it’s worth every penny because I’m doing so much for the country.” “I said to one of my friends, a very wealthy friend, I said, ‘You know, I’ll bet you it cost me $2 or 3 billion and it’s worth every penny of it,’” Trump told Fox News in 2018. Trump also spent his presidency bemoaning the fact that being president was costing him money. Trump’s actual net worth in 2015 was $4.1 billion, according to Forbes. Trump’s net worth is in excess of TEN BILLION DOLLARS.” (The ALL CAPS were in the original release because, well, it’s Trump.) “His debt is a very small percentage of value, and at very low interest rates. “Real estate values in New York City, San Francisco, Miami and many other places where he owns property have gone up considerably during this period of time,” claimed the release. I’m doing that to show that’s the kind of thinking our country needs.”Ī month after that initial assessment, the Trump campaign put out a release touting that his net worth had already risen substantially. “I have total net worth of $8.73 billion. “I’m really rich,” Trump said at his campaign announcement that year. In a “Summary of Net Worth as of June 30, 2014” that Trump released when he announced his presidential bid in 2015, Trump claimed to be worth $8.7 billion. Trump has spent much of his life – and his presidency – exaggerating his wealth. ![]() Shares in the stock have jumped from $10 to more than $56 as of the market close on Monday. Nor does the fact, apparently, that Digital World Acquisition Corp., the special purpose acquisition company that is set to take Truth Social public, is currently laboring under an investigation by the Securities and Exchange Commission. None of that appears to matter to investors. THE POINT - NOW ON YOUTUBE! In each episode of his weekly YouTube show, Chris Cillizza will delve a little deeper into the surreal world of politics. (I have been waiting for six weeks to be admitted to the app.) Two top executives left their posts recently, according to Reuters, and the app has dropped rapidly in terms of downloads from the Apple app store. What’s remarkable about that fact is that, by almost any independent measure, Truth Social is struggling. In fact, it has already boosted his net worth by $430 million.” But he doesn’t mind jumping into ventures in which he has little previous experience-and this gig should prove far more lucrative than the presidency. It’s a stretch for the 75-year-old, who doesn’t even use email, preferring instead to scrawl notes in marker. “Donald Trump, master of reinvention, has a new title: tech entrepreneur. What accounts for Trump’s wealth surge? According to Forbes, it was the launch of Truth Social, the social media company being cast as a conservative alternative to Twitter. His wealth rose marginally, to $2.4 billion, in 2021, his first year out of office. That number declined steadily during his time in office, all the way down to $2.1 billion in 2020. When Trump ran for president in 2016, his net worth sat at $4.5 billion. More than 14 months after leaving office – and while still contesting the 2020 election – former President Donald Trump has seen his net worth soar to $3 billion, according to brand new numbers from Forbes. ![]()
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