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What is Donald Trump’s net worth in 2023?

Donald Trump likes to boast about just how rich he is and his business acumen. However, what he claims and the truth are two different things says Forbes.

Donald Trump's net worth

Just how much Donald Trump is worth has been speculated by many, not least by the man himself. When he first began his run for president in 2015, he pointed to a “Summary of Net Worth as of June 30, 2014″ which he said put his net worth in excess of $8.7 billion. “I’m really rich,” he said at the time. The actual report from his accountants, Mazars USA, put his net worth at $5.8 billion but they later dropped him as a client saying at the time that financial statements from 2011 to 2020 “should no longer be relied upon.”

His campaign put out a statement just a month after Trump announced his 2016 candidacy which stated: “As of this date, Mr. Trump’s net worth is in excess of TEN BILLION DOLLARS.” That claim was made saying that the real estate values of his various holdings “have gone up considerably during this period of time.” Additionally, that the would-be president had very little debt relative to those properties values and it was “at very low interest rates.”

But even Trump admitted under oath in 2007 that “My net worth fluctuates, and it goes up and down with markets and with attitudes and with feelings, even my own feelings.” That laissez-faire attitude to accurate valuation in book keeping has him facing a civil lawsuit in New York from the State Attorney General which could cost him $250 million.

So how much is Trump really worth? Well, Forbes did some calculations.

What is Donald Trump’s net worth in 2023?

In 2022, Donald Trump saw a spike in his fortune, with it shooting up to $3.2 billion, from $2.5 billion, as the valuation of Trump Media & Technology Group (TMTG), parent company of his struggling social media site Truth Social, shot up. That was on the back of expectations that TMTG would go public via a merger with Digital World-Trump Media. However, the deal was postponed and regulators are investigating the proposal and TMTG lost over $500 million in value.

That helped plunge Trump’s net worth back to $2.5 billion. Forbes calculates that Trump’s properties, as of March 2023, are worth an estimated $950 million in total. His golf clubs and resorts are worth around $730 million while his social media and brand businesses are worth $240 million. On top of that he is estimated to have roughly $610 million in cash and personal assets.

Trump’s net worth could be sapped by lawsuits

This year is not going well for the former president. Besides his net worth plummeting by around $700 million, he became the first former president to be indicted on criminal charges by the Manhattan District Attorney for 34 felonies related to falsifying business records. He could also be facing other potential criminal charges from state and federal prosecutors.

As well, he was just ordered to pay $5 million in a civil lawsuit. A jury found Trump liable for sexual abuse of former Elle Magazine columnist E Jean Carroll along with defaming her with malice.

His net worth could take another quarter million hit should the New York AG Letitia James be successful in her civil lawsuit against Trump. She is suing the head of the Trump Organization, three of his adult children and the company itself for $250 million. She alleges that Trump and company ran a large-scale scheme to manipulate more than 200 asset valuations along with Trump’s net worth. That allowed him and the company to get better terms from banks and insurers.