- By Kamakshi Bishnoi
- Tue, 21 Jan 2025 05:03 PM (IST)
- Source:JND
Donald Trump took oath as the 47th President of the United States on January 20, marking his second stint as US president. Trump has finalised his cabinet, with almost all new faces given key responsibilities. During the inaugural address, Trump declared that the country's "decline" would end immediately, ushering in “the golden age of America.”
Leading up to his inauguration, Trump's net worth experienced a significant surge, primarily due to his ventures in the cryptocurrency market. He launched a digital token named $TRUMP, which saw its value skyrocket from USD 6 to over USD 70, contributing approximately USD 58 billion to his wealth.
Donald Trump's Net Worth
Trump is positioned among the richest individuals globally, with his real-time net worth estimated at USD 7.16 billion, as per the Bloomberg Billionaires Index. However, his cryptocurrency holdings are estimated to be USD 58 billion, taking his worth at around USD 65 billion.
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Donald Trump Businesses
Trump’s latest business included his new memecoin, $TRUMP, launched on January 17, 2025. As Trump took office for the second term, his memecoin soared to more than $10 billion in market value. The value of the coin took a high jump on Monday, January 20, from less than USD 10 on Saturday to USD 74.59 on Monday.
Additionally, Trump is considered to be the king of real estate, owning 19 golf courses, mansions, a winery and a 1991 Boeing 757 nicknamed “Trump Force One”.
According to Bloomberg, Trump's fortune is derived from his ownership of the Trump Organization, an international real estate conglomerate and licensing business that owns office and retail space, including NewYork's 40 Wall St. and 555 California St. in San Francisco.
Trump’s media company, Trump Media and Technology Group (TMTG), which operates the social media platform Truth Social, has significantly supported his financial standing. The company's stock experienced a 20 per cent rally, closing at USD 42.91 on January 13, 2025, further enhancing his net worth.
Trump's net worth after leaving the White House in 2021 stood at USD 2.3 billion making him part of various business ventures, including the sale of non-fungible tokens (NFTs) and coffee-table books. In February 2024, a New York judge ordered Trump to pay USD 454.2 million as he was accused of lying about his net worth for several years to make himself more creditworthy.