Former US President and Republican Party candidate Donald Trump is currently busy preparing to win the country's upcoming presidential election. There is still time for the election results to come, but even before that Trump has registered a significant increase in his net worth.

In fact, one of the main sources of Trump's net worth is Trump Media and Technology Group Corp, which owns his company 'Truth Social'. According to the report, the value of the company has increased almost three times since the end of September, which has led to a strong increase in Trump's net worth on paper.

Trump is once again in the election fray for his second term in the White House against Democratic candidate Kamala Harris. 78-year-old Trump has increased his inherited wealth manifold by making big investments in real estate as well as many other types of businesses over the past several decades. 

Today we are going to tell you about his net worth and how it has increased in the last few years. Although Donald Trump , one of the richest in the world, has been reluctant to disclose his tax returns and income, his net worth has once again started being discussed after his recent return to the Bloomberg Billionaires Index and contesting the presidential election for the third time. He was ranked 481st among the 500 richest people in the world. He has been included in the list for the first time after 6 August.

As of October 22, 2024, Trump's wealth was estimated at $6.5 billion. The stock of his media startup has surged as bets are placed on his name in the betting market for the presidential election.

Interestingly, the pace of increase in Trump's net worth has remained quite fast since July 22. This date is politically important for Trump because on this day, current US President Joe Biden dropped out of the presidential race, paving the way for Indian-origin Kamala Harris to be made the presidential candidate. Forbes magazine, which lists the richest people around the world, estimated Donald Trump's net worth to be around $6.7 billion in June 2024.

Possibility of becoming president
In recent days, Trump Media has traded proxies to bet on the possibility of Republican Party candidate Trump winning the upcoming presidential elections in the US soon. The probability of Kamala Harris being defeated by Trump has increased rapidly in recent weeks on many betting sites.

According to the report, Trump's wealth increased from $4.6 billion in 2023 to $7.7 billion in June 2024. Being a private company, the Trump Organization is not bound to disclose its financial details like listed companies under US laws.

Despite this, Trump is believed to have managed to consolidate his position as a real estate tycoon in the US in the last few years. He has grown the business inherited from his father Fred Trump many times over. He took over its reins in 1976.

Earlier, Trump Media's shares fell sharply when a New York court convicted Trump on 34 serious counts of falsifying corporate records. This decline reportedly caused his share value to fall by $316 million. The value of Trump's 114.75 million shares, which account for about 60% of the stake, rose from $1.39 billion to $1.62 billion in September.