Here’s What We Know About Donald Trump’s Net Worth
how rich is former President Donald Trump? The interest in that question—debated in court, on the campaign trail, and by the media over the years—resurfaced on Friday, Feb. 16, after a judge ordered Trump to pay a $364 million penalty in a civil fraud lawsuit filed by New York Attorney General Letitia James, ruling that Trump had deceived banks and insurers by inflating the value of his assets.
The judge also barred Trump from serving as officer or director of any New York corporation for three years. Trump has denied any wrongdoing and his lawyers plan to appeal.
The hefty sum has incited renewed interest over the 2024 presidential candidate’s net worth. Reports on how much Trump is worth vary. At the time of publication, Forbes estimated Trump’s real-time net worth as $2.6 billion, while Bloomberg pegged it at $3.1 billion.The main sources of Trump’s wealth reportedly stem from New York City real estate holdings, golf clubs and resorts, in addition to around $600 million in cash and personal assets, per estimations made by Forbes in Sept. 2023.
Forbes estimated that Trump’s net worth peaked in 2015, the year before he was elected president, at $4.5 billion, then dropped or remained the same annually during and after his presidency, except for a jump to $3.2 billion in 2022. Bloomberg tracked a similar peak before the 2016 election, but also reported a smaller jump in 2019.
In 2021, the two publications estimated around the same net worth—roughly $2.4 billion.
Last year, Trump dropped off the Forbes 400 list, the tally of the wealthiest people in the U.S., because of drops in valuation from his Truth Social platform and real estate holdings.
The $364 million court-ordered payment this week is not the only one Trump has been issued. In January, a jury ordered Trump to pay an additional $83.3 million to journalist E. Jean Carroll, who said he damaged her reputation by saying she lied when accusing him of sexual assault.
BY MALLORY MOENCHUPDATED: FEBRUARY 17, 2024 8:35 AM EST | ORIGINALLY PUBLISHED: JANUARY 27, 2024 2:42 PM EST
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ow rich is former President Donald Trump? The interest in that question—debated in court, on the campaign trail, and by the media over the years—resurfaced on Friday, Feb. 16, after a judge ordered Trump to pay a $364 million penalty in a civil fraud lawsuit filed by New York Attorney General Letitia James, ruling that Trump had deceived banks and insurers by inflating the value of his assets.
The judge also barred Trump from serving as officer or director of any New York corporation for three years. Trump has denied any wrongdoing and his lawyers plan to appeal.
The hefty sum has incited renewed interest over the 2024 presidential candidate’s net worth. Reports on how much Trump is worth vary. At the time of publication, Forbes estimated Trump’s real-time net worth as $2.6 billion, while Bloomberg pegged it at $3.1 billion.
The main sources of Trump’s wealth reportedly stem from New York City real estate holdings, golf clubs and resorts, in addition to around $600 million in cash and personal assets, per estimations made by Forbes in Sept. 2023.
Forbes estimated that Trump’s net worth peaked in 2015, the year before he was elected president, at $4.5 billion, then dropped or remained the same annually during and after his presidency, except for a jump to $3.2 billion in 2022. Bloomberg tracked a similar peak before the 2016 election, but also reported a smaller jump in 2019.
In 2021, the two publications estimated around the same net worth—roughly $2.4 billion.
Last year, Trump dropped off the Forbes 400 list, the tally of the wealthiest people in the U.S., because of drops in valuation from his Truth Social platform and real estate holdings.
The $364 million court-ordered payment this week is not the only one Trump has been issued. In January, a jury ordered Trump to pay an additional $83.3 million to journalist E. Jean Carroll, who said he damaged her reputation by saying she lied when accusing him of sexual assault.
Another jury awarded Carroll $5 million in 2023 after finding Trump liable for sexually abusing and defaming her by claiming she invented the story. Trump is appealing.