According to Bloomberg, former US President Donald Trump has seen his wealth soar dramatically since he left office in 2021. His fortune is now valued at $3.1 billion, up from the previous $2.6 billion.
Trump's businesses have proved stable despite woes in the domestic real estate market. Over the past two years, most of the properties owned by the entrepreneur have significantly increased in value. A large chunk of his wealth came from Mar-a-Lago in Palm Beach and the Doral resort in Miami, as well as the Trump National Golf Club whose price had surged by more than 50% since 2019.
The sale of a high-end hotel in Washington also contributed to the higher net worth of the former US president. The deal allowed the billionaire not only to enhance his wealth but also to pay off debts.
In his statement of financial condition, Donald Trump claimed his net worth was $4.5 billion in 2021. However, New York State alleged the amount was overstated. Bloomberg also conducted an analysis and found that the businessman indeed inflated the value of some properties by 2.5–3 times.
Notably, in late September 2023, a New York court found the former president guilty of financial fraud. Trump along with his company Trump Organization was charged with overvaluing his assets and exaggerating his net worth to get favorable loan terms. On November 6, the entrepreneur arrived in a New York courtroom for the start of the civil fraud trial against him.