The rise in the US president's recently introduced meme coin has increased Donald Trump's net worth
We examine his billion-dollar earnings.
The wealthiest people in the world attended Donald Trump's inauguration as US president, which has put his net worth back in the spotlight. Among the most well-known were Bernard Arnault, Mark Zuckerberg, Jeff Bezos, and Elon Musk.
Trump's wealth has been steadily rising and falling since he was re-elected as president of the United States. Following Trump Media's best trading day in more than two months, Trump's net worth increased by more than £865 million on January 13, according to Forbes. According to Forbes, Donald Trump's net worth is currently £6.7 billion.
He introduced the £Trump meme coin on the eve of his second term as president, and according to Axios, it currently represents 89% of his net worth. The American news website claims that on January 19, Trump's cryptocurrency holdings were an incredible £58 billion.
Melania Trump, the first lady, also introduced £Melania, a competing meme coin. Shortly after its debut, Trump's meme coin experienced a precipitous decline of over 50% before steadily rising again, according to The Guardian. Melania's market value was £13 billion at one point.
Trump's wealth solidifies his place among the wealthiest individuals in America. We examine his net worth in greater detail as well as the factors that affect the values of his possessions.
Which factors account for the majority of Donald Trump's wealth?
The parent company of Trump's social network, Truth Social, Trump Media and Technology Group Corp (NASDAQ: DJT), accounts for the vast majority of his wealth. Through a merger with Digital World Acquisition Company, a special purpose acquisition company (SPAC), the business went public in March 2024.
Forbes estimates that Trump owns 114.75 million shares, or about 57 percent, of the business. He gave the Donald J. his shares in December. Donald Trump Jr. is in charge of the Trump Revocable Trust. The only person to benefit from the trust is Donald Trump.
With Trump Media's share price experiencing both highs and lows, 2024 was a turbulent year for the business that went public in March. According to CBS News, the stock fell to £11.75 in September following an initial spike in market value. The price of Trump Media's stock increased by 119% in October, with several trading sessions seeing gains of more than 15%. It hit its highest level since June 5th, £54point 68.
Forbes estimates that Trump's stake in Trump Media has increased his net worth to £7 billion, nearly thrice what it was at the beginning of 2023, despite the fact that the company's shares had a wild year.
Trump's additional assets.
According to Forbes, on December 23, Trump's asset holdings were valued at approximately £6.11 billion. The second-biggest portion of Trump's wealth, aside from his billions in Trump Media stock, comes from real estate, which includes homes, clubs, and resorts.
This includes, according to Bloomberg, his £300 million ownership of the Trump National Doral Miami Golf Resort and his £500 million interest in the New York office complex 1290 Avenue of the Americas. In addition, he owns 17 condominiums at his Trump Park Avenue property and a 30% interest in a complex of three buildings located at 555 California Street.
Trump's other holdings include the approximately £17 billion Trump Tower, the approximately £135 million Trump International Hotel in Las Vegas, and four approximately £95 million homes in Florida.
In addition, he owns Trump Winery, Trump Parc and Parc East, which consists of condos, a garage, and some retail space, Trump Tower's penthouse, and a leasehold at 40 Wall Street through 2059. Other properties include Trump Palace, Trump World Tower, Trump Plaza, Trump International Hotel & Tower in Chicago, and two residences in Virginia that are adjacent to one of his golf clubs.
Along with ten golf clubs spread across six states and three golf properties in Europe, Trump is the owner of the £325 million and £273 million Trump National Doral Miami resorts, respectively.
According to Forbes, Trump earned more money than any other president during his previous term in office, bringing in about £2.04 billion in revenue and £550 million between 2017 and 2020.
Last but not least, Trump also owns a 1991 Boeing 757, loans to his kids, and a company that handles licensing and management.
Forbes estimated that Trump's legal liabilities totaled over £570 million, so what's in the debit column, taking away from his net worth?
What is the cost of Trump's legal issues?
When compared to his initial term in the White House, Trump appears to have more liquidity now, either in spite of or perhaps as a result of his legal issues. In Washington, D.C., he closed his hotel. and obtained £162 million by refinancing a San Francisco building.
Nevertheless, Trump still lacks sufficient liquid assets to pay the court rulings against him. He owes more than £560 million in judgments related to two court cases in New York, but they may not be settled for years because he has promised to challenge the rulings.
According to The Atlantic, Justice Arthur Engoron decided in February 2024 that Trump must reimburse New York £355 million plus interest for lying about the value of some of his properties. For a period of three years, he is also prohibited from acting as a director of a company or from obtaining loans from state banks.
According to documents filed with the Federal Election Commission by Trump's political action committee (PAC), Save America, The Independent revealed in May that he owed attorneys a minimum of £11.1 million, which is in the seven-figure range.
Given that a large portion of that sum has been covered by the Save America PAC, it is unclear how much Trump will personally pay for legal fees.
How the net worth of Donald Trump has changed over time.
Donald Trump's net worth increased from an estimated £200 million in 1982 to £1.17 billion in 1989, according to Forbes. But in the 1990s, his fortune plummeted, and he missed the first half of the decade's Forbes 400 list. He had an estimated net worth of £450 million in 1996. Since then, Trump's wealth has steadily increased, reaching £3 billion by 2007, before plummeting once more in 2009, from December 2007 to June 2009, when the Great Recession was coming to an end.
Trump resumed building his fortunes in 2009, and by 2015, he had £4.25 billion. Trump's wealth started to drop once more in 2016, hitting £3.77 billion before plummeting to £2.05 billion in 2020 and 2021 due to the pandemic, probably in part to the closure of his resorts and clubs.
Trump's net worth was £3.02 billion in 2022 but fell to £2.06 billion in 2023. His £5.6 billion investment in Trump Media is the only reason for this year's increase.
In 2023, Trump Media made just £4 million and is currently losing money. The balance sheet of the business also reveals few assets.
Trump Media's valuation seems inflated by Trump's fan base, much like meme stocks or cryptocurrencies. The value of such a stock would typically be in the tens of millions, not hundreds of millions, let alone billions, even with generous valuation techniques. If this is accurate, Trump may be rich right now, but his value will be closer to half of what is currently estimated if the excitement surrounding DJT stock fades.
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