Ryan Handson
Have you ever wondered how much money Donald Trump is worth? Well, join the club because no one knows. He claimed it to be as high as $8.7 billion in 2015, but Forbes estimated it to be half of that – and as low as $2.5 billion by the end of his presidential term.
Trump Is The 328th Richest Person In The World
According to the Bloomberg Billionaires Index, Trump is currently the 328th richest person in the world. His net worth is estimated at $7.81 billion – an increase of more than $5 billion since he left office in 2021.
That puts Trump ahead of Italian billionaire heiress Massimiliana Landini Aleotti, who is worth $7.79 billion, and behind Jacksonville Jaguars owner Shahid Khan, who is worth $7.89 billion. He’s also ahead of Chip Wilson ($7.49 billion) and Mark Cuban ($7.29 billion).
Net Worth Rose More Than $4.7 Billion In Past Year
According to the Index, Trump was worth just over $3 billion a year ago – $3.09 billion, to be exact. That means his net worth rose nearly $4.72 billion over a 12-month period, and a lot of that has to do with his majority stake in Truth Social.
There might be 327 other billionaires with a higher estimated net worth, but his turnaround over the past 12 months puts him in an exclusive group. In fact, only 34 others saw a greater year-to-date change than Trump – with Mark Zuckerberg leading that list ($47.3 billion).
Trump Owns 58% Of Trump Media and Technology Group
Trump currently owns 58% (78.75 million shares) of Trump Media and Technology Group, the parent company behind Truth Social that recently merged with Digital World Acquisition Corp. That deal was proposed in 2021, and completed earlier this week.
As a result of the deal, Trump Media officially became a public company and began trading on the stock market on Tuesday. It was a big step for Truth Social and a much-needed one for Trump, who is facing a lot of bills right now.
DJT Already Showing Growth On The Stock Market
According to CNN, shares of TMTG rose about 16% on the first day of trading on the Nasdaq. They closed at $57.99, giving the company a market value of $7.85 billion. At that rate, Trump’s stake is worth around $4.6 billion.
The increase continued on Wednesday, with shares closing at $66.22. It puts the market value above $8 billion and brings Trump’s stake above $5 billion. Of course, many experts are warning that shares could drop off at any point.
Trump Not Allowed To Cash Out For First Six Months
As much as Trump would love to cash out some of that money, he won’t be allowed to for the next six months due to a ‘lock up’ provision intended to prevent a rapid selloff that could shake investor confidence.
“At some point, this will return back to earth. The financial reality always wins. When? That is very hard to say,” said Tom Essaye, president of financial data firm Sevens Report Research, told ABC News.
Trump Ordered To Pay $450 Million In Fraud Case
This, of course, comes on the heels of a major financial blow for the former President – who was recently ordered to pay a $454 million bond in a fraud case that found him guilty of lying about his assets to secure larger loans.
On March 25, an appeals court reduced the amount to $175 million and gave him 10 more days to file. Trump was grateful for the reduction and promised to pay the amount ‘very quickly.’
Who Are the Five Richest People In The World?
As Trump’s wealth continues to rise (at least for now), many people are wondering how his $7.8 billion net worth compares to the richest people in the world. We know that he ranks 328th, but how far away is he from the top?
Believe it or not, he’s nowhere close. In fact, he would need to multiply his net worth 30 times over if he wanted to surpass the richest man in the world. With that said, let’s take a look at the five men at the top of that list.
5. Bill Gates
Bill Gates, best known as the co-founder of Microsoft, is currently worth an estimated $154 billion, a change of more than $13 billion over the past year. Aside from Microsoft, most of his net worth comes through Cascade Investment.
Gates is estimated to have more than $73 billion in cash and $27 billion in Microsoft equity. He regularly donates money to his philanthropic foundation – including a $3.3 billion donation from a payout he received from Microsoft in 2004.
4. Mark Zuckerberg
Mark Zuckerberg, best known as the co-founder of Facebook and current CEO of Meta Platforms, is currently worth an estimated $175 billion – a change of more than $47.3 billion over the past 12 months.
Bloomberg estimates that he has about $4.5 billion in cash, with the rest of his fortune tied up in Meta equity. Meta Platforms has about 4 billion active users each month, including about 3 billion on Facebook – making it the world’s largest social media network.
3. Elon Musk
Elon Musk, best known as founder, CEO, or investor in Tesla, Twitter (X), SpaceX, Neuralink, and OpenAI, is currently worth an estimated $192 billion – representing a decrease of $37.2 billion over the past year.
He was worth as much as $256 million last year, but his net worth has gradually dropped ever since. SpaceX accounts for more than $71 billion of that net worth, while Tesla represents another $74 billion.
2. Jeff Bezos
Jeff Bezos, best known as the founder, executive chairman, and former president and CEO of Amazon, is currently worth an estimated $202 billion – a change of more than $25.6 billion since March 2023.
He allegedly owns about 9% of Amazon, which is worth around $169 billion. He’s also the owner of Blue Origin, a space exploration company that accounts for another $15 billion.
1. Bernard Arnault
Bernard Arnault is best known as the founder, chairman and CEO of LVMH, the world’s largest luxury goods company. He’s currently worth an estimated $231 billion – a change of more than $23.8 billion.
He was listed at just under $200 billion a week ago, but his net worth skyrocketed when LVMH was re-evaluated with the exclusion of Christian Dior. As of right now, he’s the richest person in the entire world.
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