THE BASIS POINT

Bloomberg says these properties helped Trump net worth rise from $2.6b in 2021 to $3.1b in 2023

 
 

Bloomberg has been calculating Trump’s net worth for it’s Billionaires Index since 2015, and just updated some of it’s findings as follows:

– Trump’s 2023 net worth of $3.1b is up $500m from $2.6b in 2021.

– This has mostly to do with the properties in the Bloomberg graphic above appreciating.

– Trump’s 2021 statement of financial condition, filed as part of the civil fraud lawsuit brought by New York Attorney General Letitia James, said his net worth was $4.5 billion.

– Bloomberg says that they pegged the value of some properties higher than what New York state claimed at the time.

– The chart below compares Bloomberg, Trump, and New York calculations.

@image[55954:none:full]

– Trump testified in court November 7 that his “brand” adds value premiums to his properties.

Bloomberg further detailed select Trump property values as determined by Trump, Bloomberg, and New York, as follows:

MAR-A-LAGO

– Trump valuation (2021): $612.1 million
– Bloomberg valuation (2023): $240 million
– New York valuation (2021): $27.6 million

TRUMP 5TH AVENUE PENTHOUSE

– Trump valuation (2021): $131.3 million
– Bloomberg valuation (2023): $40 million
– New York valuation: No current estimate available

TRUMP PARK AVENUE

– Trump valuation (2021): $90.9 million
– Bloomberg valuation (2023): $86.4 million
– New York valuation (2021): $80 million

40 WALL STREET

– Trump valuation (2021): $664 million
– Bloomberg valuation (2023): $270 million
– New York’s valuation: No current estimate available

This New York case is expected to be decided around mid-December.

___
Reference:

Trump’s Wealth Has Jumped $500 Million Since He Left the White House

 

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