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May 2, 2024 · Forbes Valuation. With the extra $400 million, Forbes estimates Trump’s net worth now stands at roughly $7.5 billion, making him the 349th richest person in the world.
- Brian Bushard
- Overview
- Trump SPAC
Former President Donald Trump can again lay claim to membership in an elite club: The Forbes 400 list of the richest Americans.
Trump reclaimed a place in the business magazine's annual list after tumbling from the rankings last year, which marked the first time in 25 years Trump hadn't been included. The real estate investor lands at No. 343 on this year's list, tied with other billionaires including casino magnate Steve Wynn, Campbell Soup heir Bennett Dorrance and Yahoo! co-founder David Filo. Trump's net worth has jumped from $2.5 billion in 2021 to $3.2 billion this year, Forbes estimated.
The biggest boost in Trump's wealth this year has come from his stake in Trump Media & Technology Group, which Forbes describes as his "single most valuable asset." The former president owns about 80% of the venture, according to the Forbes analysis. Their valuation is based on the prospect of Trump Media & Technology Group going public via a so-called special purpose acquisition company, or SPAC.
That SPAC, Digital World Acquisition Corp., is publicly traded, with Forbes estimating that Trump's 73 million shares would be worth $730 million, assuming a $10 per share stock price for Digital World. Digital World is currently trading at a significant premium, with its shares trading at $16.60 as of Tuesday afternoon.
Forbes said it gave Trump's stake a lower per share valuation to reflect "the discounted rate that a handful of big-money investors agreed to pay for a piece of the action."
To be sure, Digital World and Trump Media & Technology Group's future hinges upon the closure of a merger to complete the SPAC deal, which has been stymied by a number of factors. Those include investigations by both the Securities and Exchange Commission and the Department of Justice.
Digital World earlier this month asked its shareholders for more time to complete the merger because of delays caused by the probes. And without a sign off from the SEC, the merger can't close.
There's a lot of money on the line for Trump and his business, which runs the Truth Social app. After the merger, Digital World is slated to transfer more than $1 billion to Trump Media & Technology Group. But if the merger collapses, the company may not be able to secure that funding, hanging a question mark over the valuation of the businesses as well as Trump's stake.
- Associate Managing Editor, Moneywatch
- 3 min
Timeline. April 16 Trump’s fortune dips by more than $200 million to $3.8 billion, according to Forbes’ calculations, as shares of Trump Media fell 11% to come to a whopping 61% loss this...
Apr 5, 2022 · 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...
Mar 26, 2024 · Forbes now estimates that Trump—who was worth an estimated $2.3 billion before shareholders voted last week to approve the long-delayed plan to take TMTG public—now has a net worth of $6.4...
- Chase Peterson-Withorn
Oct 5, 2021 · Forbes reports that while the former president, who ranked No. 339 in 2020, is worth an estimated $2.5 billion, "he is down $600 million since the start of the pandemic."
Trump’s net worth is down to $2.3 billion from $3 billion when he became president, according to the Bloomberg Billionaires Index. The pandemic he promised would disappear is walloping...
