According to Forbes, Donald Trump’s net worth has increased since his departure from office in January of last year.
Forbes’ annual wealth tracker now calculates the former president’s net worth to be $3.2 billion, reflecting a $700 million increase from September 2021. This marks the highest point of Trump’s wealth since assuming the presidency.
In 2016, Forbes estimated his value to be $3.7 billion, which then declined by over a billion in 2020 and 2021, a period marked by the global economic impact of the COVID-19 pandemic.
The September 2022 figure has reinstated Trump’s position on the prestigious Forbes 400 list, ranking at number 343.
Notably, Trump was excluded from the list last year, marking the first time in 25 years that he was not included.
This update comes on the heels of a lawsuit filed by the state of New York against Trump, his three eldest children, and their real estate empire, alleging fraudulent business practices.
New York Attorney General Letitia James accused the Trump Organization and its four Trump family executives of deliberately using misleading financial statements to inflate property prices by billions in order to secure favorable deals.
For instance, his Mar-a-Lago mansion in Florida, which was valued at $739 million, is claimed by James’ office to have been erroneously valued at $75 million.
Additionally, Trump stands accused of misrepresenting the size and value of his Manhattan penthouse, claiming it to be nearly $330 million when its actual size and value are significantly lower.
New York City’s current most expensive real estate purchase record belongs to 220 Central Park South, where a hedge fund billionaire paid $238 million for a four-level penthouse in 2019, as reported by the Hollywood Reporter.
The majority of Trump’s 2022 net worth is attributed to real estate, with an estimated $880 million solely in New York City. His properties outside of New York are valued at around $290 million, while his golf clubs and resorts are estimated at $740 million.
His social media and brand business also represents a significant portion of his net worth, amounting to $790 million.
Earlier this year, the former president entered the social media c-suite with the launch of his own platform, Truth Social, following his removal from Facebook and Twitter after the 2021 US Capitol attack.
Reportedly, the company behind it, Trump Media & Technology Group, is Forbes’ single most valuable asset, valued at $730 million, of which Trump owns an estimated 80 percent share.
