Donald Trump’s Net Worth Surges: A Look at His Wealth Amid the 2024 Presidential Election
As the Republican candidate for the 2024 U.S. presidential election, former President Donald Trump recently achieved a remarkable victory over Democratic candidate Kamala Harris.
With Trump back in the spotlight, discussions around his net worth have gained significant interest.
At the start of October, Trump’s wealth was estimated at around $4 billion. However, within just a month, his net worth reportedly doubled, reaching $8 billion, which is approximately ₹67,000 crore in Indian currency.
This substantial increase is attributed to a significant rise in the share price of his media company, Trump Media & Technology Group Corp. As of late September, Trump’s net worth was around $3.9 billion, but it has now surged to $8 billion.
The company’s stock price, which stood at $12.15 five weeks ago, has quadrupled. Trump recently announced that he would not sell his 57% stake in the company, further boosting investor confidence.
Consequently, the share value of Trump Media has risen to match its peak levels from earlier this year in March and May.
However, Associated Press reports that this surge in Trump Media’s stock price is driven more by Trump’s recent election success than by the company’s financial performance.
In addition to his media holdings, Trump owns various digital assets, including cryptocurrency.
Despite this financial growth, he also disclosed that some of his properties, including Trump Tower, are under mortgage, and he is dealing with additional legal liabilities.
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