Trump Business Empire Recovers After 2024 Nomination Win
Trump Business Empire Recovers After 2024 Nomination Win

Trump Business Empire Recovers After 2024 Nomination Win

News summary

President Donald Trump has significantly increased his net worth during his second presidency, with a large portion of his wealth now tied to cryptocurrency ventures, merchandise, and international deals orchestrated by his family. Despite facing over $600 million in legal judgments and a near-bankrupt business empire prior to the 2024 election, Trump and his sons refocused the family business away from real estate toward cryptocurrency and branding, attracting investors betting on his election victory. His net worth, estimated by The New York Times to be around $11 billion, reflects a complex intertwining of personal and professional finances, including deals with foreign governments and undisclosed international partnerships. Trump has not paid down his legal judgments but has spent nearly $300 million appealing these cases, while his business ventures have expanded rapidly since winning the 2024 election. The Trump Organization's shift has allowed the president to leverage his political status for financial gain, blending personal enrichment with presidential power. This financial resurgence has been fueled by global partnerships, Trump-branded merchandise, and new ventures like a Trump-branded mobile phone and network provider.

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Last Updated
7 days ago
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