New York: US President Donald Trump’s financial fortunes have seen an extraordinary upswing, with his net worth reportedly more than doubling to an estimated 5.4 billion dollar since the launch of his re-election campaign, , Bloomberg reported.
A New York Times report reveals that Trump-linked businesses have garnered at least 2 billion dollar in the past month alone, primarily from ventures in real estate, cryptocurrency, and even a new exclusive private club in Washington DC with a hefty 500,000 dollars membership fee. This surge in wealth comes even as his legal battles continue, notably a New York fraud penalty that saw a 454 million dollars bond dramatically cut to 175 million dollars, preventing asset seizure.
While the White House asserts no conflict of interest due to his sons managing the companies, Trump’s burgeoning wealth is undeniably linked to international dealings. Qatar is reportedly providing a new presidential jet, and has helped secure a 5.5 billion dollar high-end golf resort project in the country, featuring Trump-branded villas and an 18-hole course.
Also, the 400 million dollar aircraft slated to serve as a temporary Air Force One, which Trump intends for his presidential library to own after his term.
An Emirati firm, Damac Properties, led by long-time Trump associate Hussain Sajwani, plans a massive 20 billion dollars investment in data centers across the US In Serbia A former NATO-bombed army headquarters is slated for redevelopment into a luxury complex, a multi-million-dollar deal spearheaded by Trump’s son-in-law Jared Kushner’s firm, despite local protests.
Furthermore, the Trump Organisation is already profiting from projects tied to the Omani government and is developing Trump Tower Jeddah in Saudi Arabia, offering Saudi residency for a 1 million dollar investment.
A significant portion of Trump’s newfound wealth, approximately 40 per cent or 2.9 billion dollars, is now tied to cryptocurrency. His digital currency, $TRUMP, along with another token, $MELANIA, are managed by Donald Trump Jr and are described as gambling vehicles rather than investments.
This crypto portfolio received a major boost this week with World Liberty Financial announcing a 2 billion dollar investment into a Trump-linked crypto fund by Abu Dhabi-backed firm MGX, according to a statement shared with CBS News.
Despite broader economic uncertainties, the Trump family appears poised for unprecedented financial prosperity, propelled by a diverse array of global and digital ventures. Amazon, for instance, reportedly outbid competitors by nearly threefold, paying a staggering 40 million dollars to secure the rights for Melania Trump’s documentary, as per the Wall Street Journal.
During Trump’s first term, his properties generated millions through stays by foreign dignitaries and Republican-hosted events. The New York Times indicates this income stream has recommenced, demonstrating the enduring commercial appeal of his brand.
A recent prominent example is the Saudi-backed LIV Golf league, which held a professional event at Trump National Doral in Florida last month. Notably, Saudi Arabia’s sovereign wealth fund manages the league, and a confidential sum was paid to the Trump family for hosting the tournament, an event Trump personally launched with a dramatic arrival via military helicopter.
Further solidifying his post-presidency presence, an exclusive private members’ club called Executive Branch is set to open in Washington, DC, linked directly to Trump. Located beneath a shopping mall in Georgetown, the club’s ownership group includes Donald Trump Jr, along with Zach and Alex Witkoff (sons of US envoy Steve Witkoff), Omeed Malik of 1789 Capital, and Chris Buskirk, an ally of Vice President JD Vance.
With an reported entrance fee as high as 500,000 dollars, the club is expected to limit its membership to approximately 200 individuals, emphasising selective admission beyond mere financial capacity. The anticipated roster of members includes prominent lobbyists, major figures from the tech industry, and even some White House officials, suggesting a powerful nexus of influence and networking.
