Donald Trump has been fined $5 million for sexual abuse and defamation. But how big is his fortune?
He is guilty. Former US President Donald Trump was sentenced on Tuesday to pay five million dollars in damages and damages for sexual abuse and defamation of journalist E. Jean Carroll. The nine jurors of a federal court in New York ruled on Tuesday that Trump “sexually abused” Carroll in 1996 and later defamed him.
Does this punishment affect the ex-US President at all? How big is his fortune?
Donald Trump’s exact net worth is difficult to determine as he has not made his finances public. Estimates vary widely. Trump’s fortune had apparently fallen by $700 million in the fall of 2022 and was $2.5 billion at the end of 2022. This is the result of an estimate by the business magazine “Forbes”. There are no more recent figures.
Trump slipped 205 spots to 1,217 on the magazine’s list of billionaires. The reason is the short message service Truth Social: The social media business has so far registered a loss of 550 million dollars (about 505 million euros) for Trump.
Trump partially inherited his fortune from his father. Fred Trump was a real estate entrepreneur in New York who also owned properties in Manhattan. He left his son Donald an estimated $200-$300 million fortune. Donald Trump is said to have used the legacy as a basis for his own business activities and investments.
Debt speculation
Trump built his fortune through various business ventures. He is active in the real estate industry, owns golf courses, hotels and trademark licenses. The TV show “The Apprentice” on NBC also brought him additional income from 2004 to 2017 and increased his popularity. Some of his real estate projects proved extremely successful, while others were less profitable.
Before Trump took office as US President in 2016, there was speculation that he had significant debt, particularly related to some of his real estate projects. But these debts were secured by assets, according to US media reports. However, more detailed information about this is not publicly available.
One thing is certain: during his presidency, Donald Trump lost around $1 billion of his fortune, according to Forbes. That loss was largely attributed to the decline in revenue from its real estate and hotel businesses, which have been badly hit by the coronavirus pandemic. Many of its properties have had to temporarily close or have had a significant slump in hotel room and event bookings. The closure of his golf club in Turnberry, Scotland, due to travel restrictions also contributed to this loss.
