Former US President, Donald Trump’s net worth has increased since leaving office in January of last, according to Forbes.
The outlet’s annual wealth tracker calculated the former president’s net worth to be $3.2 billion, $700 million more than it was in September 2021. It’s the most Trump has been worth since he became president.
Forbes estimated his value to be $3.7 billion in 2016 and fell by more than a billion in 2020 and 2021, at a time when the COVID-19 pandemic impacted the global economy.
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The September 2022 figure earns Trump back his spot on the coveted Forbes 400 list at number 343.
Trump was edged off of the list last year, the first time in 25 years that he was not included.
The news comes a week after the state of New York filed a lawsuit against him, his three eldest children, and their real estate empire for alleged fraudulent business practices.
New York Attorney General Letitia James accused the Trump Organization and its four Trump family executives of deliberately using misleading financial statements, inflating property prices by billions, to obtain favorable deals.
His Mar-a-Lago mansion in Florida, for instance, was valued at a hefty $739 million. James’ office claims it should have been valued at $75 million.
James also accused Trump of claiming his Manhattan penthouse was three times larger than its actual size and valuing it at nearly $330 million.
‘To this date, no other apartment in New York City has ever sold for that much,’ the prosecutor said.
The record for New York City’s most expensive home real estate purchase belongs to 220 Central Park South, according to the Hollywood Reporter, where a hedge fund billionaire paid $238 million for a four-level penthouse in 2019.
The majority of Trump’s 2022 net worth is real estate. He’s estimated to have $880 million in New York City real estate alone.
His properties outside of the Big Apple are worth an estimated $290 million, while his golf clubs and resorts are valued at $740 million.
Trump’s social media and brand business also makes up a significant chunk of his net worth at $790 million.
The former president ventured into the social media c-suite earlier this year with the launch of his own platform, Truth Social. He created it after being kicked off of Facebook and Twitter following last year’s attack on the US Capitol.
The company behind it, Trump Media & Technology Group, is his ‘single most valuable asset’ by Forbes. It’s valued at $730 million.
