Donald Trump’s wealth reportedly jumps $500 million despite legal woes
By Ariel Zilber
Published Nov. 7, 2023, 4:47 p.m. ET
Former President Donald Trump has seen his wealth soar by a half billion dollars thanks to some shrewd moves including moving to low-tax Florida, selling off assets, and paying down personal debts, according to a report.
Trump’s fortune has been valued by Bloomberg Billionaires Index at $3.1 billion, up from $2.6 billion in 2021.
A sizeable chunk of Trump’s wealth can be attributed to the rising property values of his Mar-a-Lago estate in Palm Beach as well as his Doral golf resort in Miami, according to Bloomberg.
Trump also owns a dozen other golf venues in the US, Scotland, and Ireland which collectively generated 50% more revenue in the three-year period stretching from 2019 to 2022.
Last year, the former president also sold the high-end Trump International Hotel in Washington, DC for the whopping sum of $375 million — enabling him to pay off a $170 million loan from Deutsche Bank.
Trump is currently on trial in New York, where the state attorney general has alleged in a civil lawsuit that the former president fraudulently inflated the value of his assets in order to obtain loans from banks.
Former President Donald Trump has seen his net worth grow to $3.1 billion, according to Bloomberg News.
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https://nypost.com/2023/11/07/business/donald-trumps-wealth-jumps-500-million-despite-legal-woes/
