In a year, Donald Trump's estate has increased over twice – from 2.3 to 5.1 billion dollars. Only 12 months ago, the US president had $ 413 million in cash, but he had to pay $ 454 million in punishment, which was a consequence of a fraud judgment he heard in New York. However, Trump informed the court that he could not afford to pay in cash and in appeal requested that the penalty be discontinued or reduced. As a result, the court temporarily reduced the amount of the surety to $ 175 million, which allowed the execution of the judgment during the consolidation of the appeal. Thanks to this, the billionaire avoided taking his assets – Forbes writes.
“The best seller in history”. This is how Trump doubled his property
After the judgment, “Trump showed why he is the best seller in US history,” writes Forbes. The day after the court gave him a second life, the billionaire made his portal Truth Social to a public company. And although the portal generated barely a few million dollars of profit of revenues and tens of millions of dollars of losses, it didn't matter – we read.
Investors who love Trump invested in Truth Social and thus added billions of dollars to the property of the US president. Although the euphoria has passed and the company's shares are worth 72 percent today. Less than in the maximum, Trump has a package worth $ 2.6 billion (as of March 7, until that day Forbes collects information for its annual summary of the richest people in the world).
Trump increased his property, but it did not provide him with financial liquidity, as he retained his package of action. So he started selling gadgets – the Bible, sneakers and guitars – which slowly built his financial liquidity. His problems, however, were completely solved only by the “most absurd product” – his own cryptocurrency.
Yes, Trump became the king of cryptocurrencies
In October 2024, Trump began with the World Liberty Financial project. He aimed at the laymen and amateurs of crypto, selling them tokens that could not be resold, and left merchants only with a foggy promise of the “financial revolution”. Nobody paid much attention to this until Trump did not win the election a few weeks later – we read in Forbes.
Tempted by the vision of deregulation of the crypto market announced by Trump, businessman Justin Sun invested $ 75 million in World Liberty Finance. This movement cheerful about other investors to place his funds in Trump's cryptocurrency, who earned $ 390 million in this way, of which he had $ 245 million in cash after taxation.
A few days before the inauguration, the president -elect showed the world another crypto, this time signed with his name – $ Trump. This time the president did not even pretend that it was an investment, from the beginning claiming that it was rather a game, a kind of gambling. Despite this, Trump sold tokens worth $ 350 million, which he earned $ 110 million purely after taxing.
Trump still has to pay a punishment for fraud, and when his appeal is considered, interest increases. The penalty has already increased to over $ 500 million. Prosecutor General Letita James is unlikely to want to take the penalty of Trump Building – believes forbes – as the prices of skyscrapers have collapsed and the building is burdened with debt. “However, it is hard to imagine that Trump, who suddenly has almost 800 million dollars of liquid funds thanks to the sale of his tokens, was too worried about this building or general prosecutor. Now he is the king of cryptocurrencies,” forbes.