Donald Trump Net Worth 2022: Forbes Releases New Estimate of Former President's Wealth Amid New York Business Fraud Case

Donald Trump net worth 2022 was released Tuesday, with Forbes estimating that the former president's wealth is around $3.2 billion, which is $700 million more than it was in September last year.

According to Daily Mail, it was the highest Trump's net worth since before he became president. The outlet noted that the news on Trump's net worth came days after the state of New York filed a lawsuit against him, including his three eldest children, regarding alleged fraudulent practices in his family business.

New York Attorney General Letitia James has accused the Trump Organization and its four Trump family executives of using misleading financial statements, which inflate property prices by billions, to obtain favorable deals.

The majority of Trump's 2022 net worth is real estate. He is estimated to have $880 million in New York City real estate alone. On the other hand, Trump's other properties outside of the Big Apple are worth around $290 million, with his golf clubs and resorts valued at $740 million.

The latest figure earns Donald Trump back his spot on the coveted Forbes 400 list. He is now at number 343 after not being able to make it on the list last year - the first time he was not included in 25 years.

Donald Trump Net Worth 2022 by Forbes

According to Forbes' most recent tally conducted this month, the second source of Donald Trump's wealth lies in his social media and brand business, which is estimated to be worth $790 million. It is followed by his golf clubs and resorts worth $740 million. His total current cash and personal assets are reportedly at $550 million.

His Mar-a-Lago property in Palm Beach, Florida is reportedly worth $325 million. It has the highest net value among his properties of golf clubs and resorts. His golf clubs in six states have a total net value of $226 million.

The Trump National Doral Miami is the only Trump resort with a debt. Its net value is now estimated to be worth $42 million as its debt falls to $125 million. Trump's cash or liquid assets are estimated to be worth $375 million.

Among his assets are three Florida homes, the Trump Tower penthouse, Seven Springs, his aircrafts consisting of one helicopter and two planes, and a home in St. Martin. Forbes deemed the Trump Media & Technology Group is the former president's "single most valuable asset," valued at $730 million.

New York Fraud Case Against Donald Trump, His Children

The fraud case is a 220-page lawsuit filed in the State Supreme Court in Manhattan that laid out new details about how Donald Trump's annual financial statement included a "compendium of lies."

According to The New York Times, a bank ordered an appraisal and found that 40 Wall Street was worth $200 million. However, the Trumps valued it at well more than twice that amount. It was reported that the former president's annual financial statements included over 200 false and misleading asset valuations.

Letitia James' lawsuit noted that the number of "grossly inflated asset values is staggering," adding that it affects "most if not all of the real estate holdings in any given year." James filed the civil fraud lawsuit weeks after Donald Trump refused to answer hundreds of questions under oath in an interview with her office.

This article is owned by Latin Post.

Written by: Mary Webber

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