Search results
The current $2.3 billion valuation for Trump’s net worth is down from about $3 billion in February 2016. Much of the $700 million difference is a result of the pandemic emptying out offices and ...
Mar 27, 2024 · Donald Trump is now richer than George Soros — and is set to overtake Mark Cuban too. The former president's net worth has soared by more than $4 billion this year to an estimated $7.2 billion ...
- 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
- Aimee Picchi
- 3 min
Oct 5, 2021 · Trump, with a net worth of $2.5 billion, missed making the list by roughly $400 million. His net worth is the same as last year, according to Forbes, but a significant comedown from where he was ...
Apr 5, 2022 · Trump’s actual net worth in 2015 was $4.1 billion, according to Forbes. Trump also spent his presidency bemoaning the fact that being president was costing him money. “I said to one of my ...
Mar 26, 2024 · An appeals court on Monday cut his bond by 68% to $175 million in a New York fraud case led by James. On Tuesday, his social-media company debuted in trading, jumping 16% and vaulting his net ...
Apr 5, 2022 · Donald Trump's personal wealth rose $600 million since he left the White House, according to Forbes. Donald Trump's net worth has risen by about $600 million since last year, per Forbes ...
