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Home » HUGE WIN: Donald Trump Gets GREAT NEWS Reentering the Forbes 400 List After Net Worth Reportedly Grew $700 Million

HUGE WIN: Donald Trump Gets GREAT NEWS Reentering the Forbes 400 List After Net Worth Reportedly Grew $700 Million

Image Credit - Daily Kos

On Tuesday, Forbes released their Forbes 400 richest Americans and announced that Former President Donald Trump has reentered that list, growing $700 million in net worth from last year.

Forbes said that Trump’s net worth has jumped from $2.5 billion to an estimated $3.2 billion, enough to qualify for No. 343 on the ranking of America’s richest people.

The article also outlined his lawsuit saying, “The New York attorney general hit Donald Trump with a $250 million lawsuit last week, accusing the real estate mogul of engaging in financial fraud by lying about the value of his assets. But make no mistake, Trump is extremely rich.”

The Trump Media and Technology Group is now the former President’s single most valuable asset, buying shares of the SPAC for $25 on September 2, of which Trump owns 80%. This evaluation adds $730 million to Trump’s worth.

Trump also sold his hotel in Washington, D.C. for a reported $375 million, a property for which Forbes expected much less for the property, even writing an article titled “Why Would Anyone In Their Right Mind Pay $370 Million For Trump’s D.C. Hotel?”

This large evaluation of his net worth and questions about how profitable his real estate ventures in New York call into question the investigation the state is doing into the Trump organization misrepresenting the evaluation of their assets.

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“Donald Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself and to cheat the system, thereby cheating all of us,” New York’s Attorney General Letitia James asserted at her press conference announcing the suit.

Trump valued his hotel in D.C as being worth $370 million, the media called him a crazy liar and Dan Wasiolek, a senior equity analyst at Morningstar said “For those financials, there’s no way that someone pays that per key, unless you just think this is like such an iconic location and building and must-have property—and even then, I mean, it still seems like a huge stretch.” 

Wasiolek did not even believe that that goal was even true saying “I find that hard to believe, to be honest with you.” 

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