(TotalConservative.com) – Despite all of the legal battles that former President Donald Trump currently faces, a new report by the Bloomberg Billionaires Index shows that Trump is doing better than ever since leaving office.
According to the Bloomberg report, the former president’s fortune has increased by an outstanding amount since he left office in 2021, jumping from $500 million to a staggering $3.1 billion. Bloomberg has been analyzing and estimating the former president’s wealth since 2015, before he ever took office.
The report attributes the rise in Trump’s fortune mainly to the Florida real estate boom. Two of Trump’s most famous properties increased in value since the boom: his Miami Doral golf resort and Mar-a-Lago, located in Palm Beach.
The report also found that Trump paid down some loans after selling a hotel in Washington, leaving him with less debt and more available cash than he’s had during the last ten years. According to the report, the former president’s wealth may actually exceed $3.1 billion, as the report’s estimation doesn’t account for the impact Trump’s personal brand has on the asset values, as well as rezoning redevelopment efforts, and the historical significance of certain properties.
Trump is currently dealing with a civil fraud lawsuit in New York, where New York Attorney General Letitia James is attempting to reduce the former president’s wealth by hitting him with $250 million in penalties and trying to ban him and two of his sons from conducting business in his home state. In documents from 2021 brought to court by James, Trump’s wealth was estimated at around $4.5 billion.
James argues that Trump and his sons committed fraud against insurance companies and banks by overvaluing or undervaluing properties to qualify for loans. Bloomberg acknowledged in their report that Trump’s estimates are often higher than theirs, yet also pointing out that theirs are higher than claims by New York state in the lawsuit.
Trump took the stand on Monday, defending his business decisions and clashing with Judge Arthur Engoron, who reprimanded the former president several times.
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