Donald Trump has gained a lot of wealth, with his net worth rising from $4.6 billion to $7.7 billion by June 2024. This increase has placed him among the 500 richest people in the world, according to the Bloomberg Billionaires Index. Despite this, Trump is known for not wanting to release his tax returns, which would show his income sources and tax payments.
Trump's wealth mainly comes from real estate development and various businesses under the Trump Organization. Forbes estimates his net worth at $6.7 billion as of June 2024. As a private company, the Trump Organization doesn't have to disclose financial statements like publicly traded companies do.
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Another key source of Trump's income is the Trump Media and Technology Group, which runs the social media platform Truth Social. According to an April 2024 SEC disclosure, Trump owns about 114.75 million shares of this company, along with 36 million additional shares.
Recently, shares of Trump Media fell after a New York jury found Trump guilty of 34 felony counts related to falsifying corporate records. This verdict led to a loss of about $316 million in the value of his shares.
While Trump has previously submitted financial reports, he has been slow to provide his 2024 financial report to the Federal Election Commission (FEC). The FEC extended his deadline to July 1, 2024. In his last financial declaration submitted on April 14, 2023, Trump valued his Mar-A-Lago Club LLC at over $50 million and his Trump Media & Technology Group between $5 million and $25 million. Despite some tax returns being released, Trump's exact net worth has not been fully disclosed.
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