Former President Donald Trump has seen a significant drop in his net worth due to legal battles that have cost him more than half a billion dollars. Forbes estimates his liquid assets at around $413 million, while he is facing legal judgments totaling over $540 million. This has caused his net worth to decrease from $2.5 billion on the 2023 Forbes billionaires list to $2.3 billion on the upcoming list, dropping him more than 200 spots to No. 1,438.
Trump has been working to secure bonds while he appeals the legal judgments, but it may take months or even years to resolve this financial hole. However, his venture into Truth Social, the Twitter knockoff operated by his company Trump Media & Technology Group, could potentially turn things around for him. Forbes has increased its estimate of his stake in the company to $410 million this year, up from $180 million in 2023.
Institutional investors paid a significant amount in February to get involved in Trump Media & Technology Group, based on the MAGA mania surrounding the venture. Shareholders voted in March to complete the long-delayed plan to take the company public, with the company set to start trading under the ticker symbol DJT. Meme stock traders have been driving up the value of the SPAC merging with Trump’s company, with some estimates suggesting his stake could be worth $3.9 billion, potentially boosting his overall fortune to $5.8 billion.
If the stock continues to perform well, Trump could potentially cash out for billions and solve his financial woes. However, there is also the possibility that the stock value could come crashing down, leaving Trump in a precarious financial situation once again. Despite his legal challenges, Trump remains determined to fight in court, leaving the future of his finances uncertain. It remains to be seen whether Truth Social and meme stock traders will be able to bail him out of his financial troubles.
