According to a new analysis by Bloomberg, former President Donald Trump has seen his net worth increase by $500 million to $3.1 billion since leaving office. This places him on track to become the wealthiest president-elect in history if he runs and wins in 2024.
Trump’s businesses have shown resilience despite the challenging real estate market. His properties in Florida, including Mar-a-Lago and Doral, have benefited from the state’s boom. Across his golf courses, revenues have jumped over 50% since 2019.
Furthermore, Trump has reduced his leverage substantially. After selling his Washington hotel and paying down debt, he now has more cash on hand and lower debt than any point in the last decade.
“The company has never been stronger and never been better,” said Trump’s son Eric, citing the robust cash reserves and minimal debt. “We are in a fantastic spot.”
Trump’s own 2021 financial disclosure, filed for a lawsuit, valued his net worth even higher at $4.5 billion. While still below his 2016 estimate of $5.8 billion, it indicates his wealth took a hit while serving as president.
New York state disagrees with these rosy assessments in its legal battle against Trump. The state valued his net worth at just $2.6 billion in 2021, with an astoundingly low $27.6 million estimate for Mar-a-Lago.
Nonetheless, the consensus is Trump’s wealth has substantially recovered since the pandemic lows of 2020. If current trends continue, he seems primed to shatter records for the wealth of an incoming president should he retake the White House in 2024.
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