Investing.com | Editor Malvika Gurung
Published Nov 08, 2023 12:21AM ET
Former President Donald Trump’s wealth has increased to $3.1 billion, up from $2.6 billion, according to the Bloomberg Billionaires Index. The surge in his fortune is attributed to a combination of factors including a Bitcoin rally, a booming Florida property market, and a significant increase in revenues from his golf courses.
On Wednesday, Trump’s cryptocurrency portfolio, which includes ETH, WETH, TRUMP tokens, MATIC tokens, and DUBBZ tokens, saw an increase to $3 million over the past day, as per data from Arkham Intelligence. This growth was spurred by a Bitcoin rally that pushed prices to $35,000 and boosted Trump’s cryptocurrency wallet by over $15,000 in a single day.
The former President’s financial statement from August 14, 2023, disclosed $2.8 million in cryptocurrency holdings which have since grown to $3 million. Options expert Nic Chahine further revealed that Trump holds 579.281K TRUMP tokens.
In addition to the boost in his digital assets, Trump’s real estate ventures such as Mar-a-Lago and Doral resort have been thriving amid Florida’s property boom. These ventures have shown resilience despite legal challenges led by New York Attorney General Letitia James.
Moreover, Trump’s golf courses have seen a revenue surge of more than 50% since 2019, contributing significantly to his growing fortune.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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Written By: Investing.com
