Former US President Donald Trump recently made his way into Bloomberg's Billionaires Index after an American court of appeals provided him relief in a $454m civil fraud case. Donald Trump who is running for the US Presidential post yet again has been facing multiple cases. However, the relief in a $454m civil fraud case pushed Trump into the world's richest men list for the first time. For the unversed, Donald Trump was facing a deadline to post a bond of more than $500 million in a New York fraud lawsuit. However, an appeals court in the US cut the amount down and asked the former president to give $175 million in a matter of 10 days which was accepted by him. Trump's acceptance came after his social media company Trump Media & Technology Group completed a 29-month-long merger process.
What is Donald Trump's net worth?
Donald Trump's merger deal success skyrocketed his wealth. To be precise, reports suggested that Donald Trump's net worth was increased by more than $4 billion and this is the reason why he made it into the world’s wealthiest 500 people on the Bloomberg Billionaires Index. Now, Donald Trump's net worth is $6.5 billion.
Donald Trump's wealth breakdown
As per US media reports, Donald Trump in a post on his own social media Truth stated that he has almost five hundred million dollars in cash. In an April 2023 deposition, Trump reportedly said he had “substantially in excess of 400 million in cash". In 2021 statement of financial condition, Trump showcased that he had $293.8 million worth of cash and cash equivalents at the time while in 2022, he reported at least $537 million in revenues related to golf courses and hotels and $30.4 million in licensing fees and royalties.
As per reports, Trump's increase in wealth is due to his investment in real-estates. The former US President owns hotels, office buildings, residential buildings, golf courses, and estates including 40 Wall Street, an office building in New York, Trump Tower in Manhattan, and the Mar-a-Lago resort in Palm Beach, Florida. The financial statement showed that his properties were worth $4.3 billion in 2021.