President-elect Donald Trump's net worth went up $3.6 billion this year to $6.1 billion, thanks in large part to his majority stake in Truth Social's parent company, Forbes reported on Wednesday.
Trump's 60% stake in Truth Social's fluctuating stock makes him the largest shareholder, and it constitutes more than half of his net worth.
He also owns some $1.1 billion worth of skyscrapers, homes, hotels, and golf courses around the world, as well as a licensing business. He also sells various products.
Trump made more money as the sitting president than any previous president, Forbes reported, as his various businesses brought in some $2.4 billion in revenue and approximately $550 million in income from 2017 to 2020.
The Trump campaign committee raised some $388 million from January 2023 to October 2024, while Trump-affiliated PACs raised $1.1 billion. Trump didn't spend any of his own money on the campaign, although several of his businesses were hired by the campaign.
Trump owes more than $1.5 billion in liabilities, including loans on more than 10 properties, according to Forbes.
In his previous time in the White House, Trump's net worth had reached $4 billion, but by early this year it stood at about $2.5 billion.
However, Trump's net worth jumped up to $6.4 billion within a day of Truth Social's parent company going public in March this year and even touched $7 billion as excitement about the company continued.
The value of the stock proved to be quite volatile, as the next month Trump's net worth reached one of the year's lowest points as $3.67 billion, as the share price for the stock hit bottom.
But the stock for Truth Social's parent company rebounded throughout the year, along with his net worth, including after he won the presidential election.