President-elect Donald Trump’s net worth climbed to $6.1 billion in 2024 despite his facing various legal challenges, according to Forbes.
Trump’s net worth was around $2.5 billion early in 2024, according to Forbes. Trump’s majority stake in Truth Social’s parent company, Trump Media & Technology Group, largely contributed to his growth in net worth this year.
The president-elect’s net worth as of Dec. 23 made him the 530th wealthiest person in the world, and he is now back on Forbes list of America’s richest people, according to Forbes. Trump’s net worth hit over $8.1 billion in May, an all time high, Forbes reported.
Trump owes over $1.5 billion in liabilities, as well as owing the more than $480 million, plus interest, from his New York civil fraud trial, according to Forbes. Trump said in November that he would not sell his Truth Social shares.
During his first presidential term, Trump made more money as the sitting president than any previous president, Forbes reported. Trump is set to make an annual salary of $400,000 as president, according to Fortune. During his 2016 presidential campaign, Trump vowed to donate his salary if he was elected, and he donated at least $1.4 million of the $1.6 million he earned as president to various federal agencies, according to Forbes. Whether or not Trump plans to donate his presidential salary during his second term remains to be seen, according to Yahoo Finance.
Trump has faced various legal challenges over the past year, including being convicted in May for falsifying business records. New York Judge Juan Merchan ruled on Dec. 16 that Trump’s felony conviction in his non-disclosure agreement case should not be thrown out despite the U.S. Supreme Court’s ruling on his presidential immunity.
New York Judge Arthur Engoron ruled in February that Trump must pay over $350 million in damages as part of his civil fraud trial, a figure that was revised to $454 million, after ruling he was liable for fraud in September 2023. Trump submitted a $175 million bond in April as part of his appeal against his civil fraud judgment.
The president-elect announced plans on Dec. 16 to sue the Des Moines Register and pollster Ann Selzer over her survey finding Vice President Kamala Harris leading in Iowa ahead of the November presidential election. Earlier in December, ABC News and one of its leading hosts, George Stephanopoulos, agreed to pay $15 million to settle Trump’s defamation lawsuit against them.
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