Donald Trump's Net Worth Doubles To Rs 54 Thousand Crore, Enters List of World's 500 Wealthiest

Donald Trump¡¯s fate took a three-sixty degree turn when a court bestowed a lifeline on him by slashing his penalty by a whopping amount.

Former president Trump, who is willing to contest in presidential elections in the US once again, was facing a deadline to post a bond worth $500 million in a New York fraud lawsuit. However, a state appeals court slashed it to $175 million

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That¡¯s not all, Trump's social media venture, the Trump Media & Technology Group, successfully concluded a 29-month merger process, solidifying Trump's ownership of shares valued in billions of dollars on paper.

These surprising turns of events have increased his net worth by more than $4 billion.

This has led to Trump joining the ranks of world¡¯s 500 wealthiest people on the Bloomberg Billionaires Index, comprising a fortune of $6.5 billion(Rs 54 thousand crore).

Donald Trump¡¯s Riches

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Throughout his life, Trump, aged 77, has enjoyed wealth, primarily stemming from his extensive real estate holdings. However, investigations revealed that his fortune, which once reached $3.1 billion, was predominantly inflated through overestimations of property values by billions of dollars annually over more than ten years. This strategy aimed to secure more favorable loan terms for both Trump and his company.

With his recalculated wealth, Trump's current estimated net worth places him on par with figures such as Joe Ricketts, Gordon Getty, and Tony James, as per the Bloomberg wealth index. This index has been tracking Trump's financial standing since 2015.

Joe Biden¡¯s Net Worth

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According to Forbes, President Biden's true net worth is approximately $10 million(Rs 83 crore), earning him the moniker "Middle-Class Joe."

Before assuming the presidency, PolitiFact labeled Biden as one of Congress' "least wealthy members." Since taking office, Biden's wealth has risen from approximately $8 million to about $10 million.