News Post

Trump’s newfound wealth hinges on winning the election

Livemint · 4d

Former President Donald Trump's financial situation is more stable now compared to previous years. However, his success or failure in the upcoming election will have significant implications for his wealth and legal matters. His stake in Trump Media & Technology Group, which operates Truth Social, a social media platform, is valued at around $4 billion, but it could plummet if he loses the election. Despite this risk, Trump's net worth is estimated to be between $7.5 billion and $10 billion, largely due to the performance of his golf properties and a strong cash position. The value of his real estate holdings has declined due to the office market downturn, with properties such as 40 Wall Street seeing a significant decrease in value. The Trump Organization, however, has been paying off debt, selling assets, and accumulating cash to weather the real estate downturn. Trump also faces various legal issues, including criminal charges and civil fraud cases, which may require a significant amount of cash. With more than a dozen golf courses and resorts generating over $400 million in annual sales, the Trump Organization is expected to survive regardless of the election outcome, but the extent to which it can grow may be affected by legal judgments and fees. Trump's son, Eric Trump, is likely to continue managing the business, focusing on domestic properties and potential expansion in certain international markets.