Donald Trump’s net worth has increased by approximately $500 million since he left the White House, despite a Democrat attorney general and judge trying to undermine his business empire in New York.
The Bloomberg Billionaires Index – unlikely to be especially sympathetic to Trump, given his public humiliation of ‘Mini’ Michael Bloomberg – reports the former president’s fortune has risen from $2.6 billion to $3.1 billion.
“Trump’s businesses are proving resilient in the face of a gloomy real estate market,” Bloomberg concedes, noting the MAGA kingpin’s Mar-a-Lago Club is prospering and revenues from his golf course have “surged,” leaving him “sitting on more cash and less leverage than at any point in the past decade.”
In New York, Attorney General Letitia ‘Tish’ James is taking Trump and his business empire to court for civil fraud, claiming he overvalued his net worth. Judge Arthur Engoron, who has donated thousands of dollars to the Democrats, ruled Trump was liable before hearings even began, and had a red-faced courtroom meltdown when the former president testified in person yesterday and called out his bias.
Engoron’s valuation of Mar-a-Lago at less than $30 million has proven one of the most controversial aspects of the case, with Bloomberg not agreeing with Trump’s $612.1 million valuation but still going far beyond the New York valuation with an estimate of $240 million.
The outlet could offer little defense of the New York valuation, quoting a Palm Beach real estate expert who said it was “a shock to the real estate community and anybody with any understanding of the island and its values.”
Trump: He said Mar-a-Lago is worth $18 million, what a fraud. As President of the US, we did a great job. Just look at the president we have today. It's a terrible thing you've done. You believed that political hack back there
[Silence]— Inner City Press (@innercitypress) November 6, 2023