Recently, Donald Trump stated that he earned $300,000 for advertising an edition of the Bible. That’s quite a lot of money, but falls short in comparison to his total worth of $4.1 billion, so why is Donald Trump so rich?
Well, the short answer is that he is kinda lucky. His wealth comes from a combination of inheritance, real estate ventures, branding, golf camps, Bible sales, cryptocurrency ownership, and his social media platform.
The Associated Press recently reported that Trump has numerous investments and sources of income. He reportedly owns between $1 million and $5 million worth of the cryptocurrency Ethereum, and also earned $7.15 in licensing fees from NFT’s.
He also has earnings from his golf clubs and his investments in countries such as Argentina, Belarus, Cuba, Dubai, and Oman. He also reported that he owns up to $250,000 in gold bars.
However, his biggest gig so far is his Truth social media platform. Since the company went public in March, the company’s share price has increased, and Trump owns more than 114 vermillion shares in the firm. With the company’s stock at about $23 per share on Friday, he is estimated to hold more than $2 billion in shares. However, he is prohibited from selling shares because it has been less than six months since his company went public.
However, he has been losing billions of dollars in recent months. In May, Forbes estimated that Trump’s wealth was about $7.5 billion, mainly because of Truth Social.
Recently, CNN reported that Trump’s worth plunged almost a billion dollars since Vice President Kamala Harris entered the presidential race.
He also owes a lot of money too. He reportedly owes millions of dollars from litigation against him in a sexual assault case and a civil fraud case. He owes nearly $500 million in the civil fraud judgment and has appealed the verdict.
