Trump’s Business Empire Is Expanding, Financial Report Shows

President Donald Trump’s vast business empire has been expanding since his return to private life, his recently filed personal financial disclosure report shows.

Trump’s business is now valued at around $1.2 billion, according to the 101-page report (pdf) filed with the Federal Election Commission (FEC).

The news comes as Trump campaigns to secure the Republican nomination for president in 2024.

Trump’s business acumen, which he campaigned on ahead of the 2016 election and has repeatedly highlighted since then, appears in sharp focus in the filings.

Since leaving office in January 2021, Trump has approximately doubled his number of business holdings.

In terms of income, the filing provides limited information because it reports income in broad ranges.

The report is unlike the disclosures Trump had to file while president that showed specific figures.

Still, the disclosure shows Trump remains a very wealthy man.

Over the course of 2021 and part of 2022, Trump’s business empire generated at least $282 million.

Since leaving office, for example, Trump reported making over $5 million in speaking engagements.

A number of his real estate holdings and golf clubs—including Hudson Waterfront Associates, Fifty-Seventh Street Associates, Ireland Enterprises, and Pine Hill—each generated over $5 million in income.

Royalties from Trump’s famous memoir “The Art of the Deal” made him between $100,000 and $1 million.

Other Trump books like “Think Like a Champion” and “Time to Get Tough” made less than $15,000.

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In terms of business entities, among his newer ventures is Trump Media, which he holds a 90 percent stake in and includes his Truth Social platform.

According to the disclosure, Trump Media is valued at between $5 million and $25 million.

A number of other ventures are valued within the same range of $5 million to $25 million, including: Trump International Hotels Management, Trump Ferry Point, and Excel Venture.

A total of 19 businesses were valued at over $50 million, the disclosure shows, including Fifty-Seventh Street Associates, Jupiter Golf Club, and Mar-A-Lago Club.

As of April 15, Forbes estimates that Trump’s net worth amounts to $2.5 billion, making him the 1255th richest individual in the world.

In 2016, the last year before Trump assumed the presidency, his net worth was estimated by Forbes as around $4.5 billion.

After winning the election, Trump has to step away from his business, causing a significant hit to his personal wealth.

Trump repeatedly said in the past that the presidency wasn’t making him any richer.

In 2019, when Trump’s net worth was estimated at $3.1 billion—well over a billion less than in 2016—the former president said he was unconcerned that becoming president was costing him a lot of money.

“Whether I lost $2 billion, $5 billion, or less, it doesn’t make any difference,” Trump told reporters in October 2019.

“I don’t care. I’m doing this for the country.

“I’m doing it for the people.”

“If I had it to do again I would do it in an instant, because who cares, if you can afford it, what difference does it make?”

Historically, the U.S. presidency has served as a springboard to greater wealth, a trend that held true for the eight presidents before Trump.

According to a 2017 study of presidential net worth before and after taking office conducted by the American University in Washington, D.C., the eight presidents prior to Trump saw their net worth go up by between 45 percent (Ronald Reagan) and 6,150 percent (Bill Clinton).

Trump is the only billionaire to have served as president of the United States.

READ MORE: Jim Jordan Snubs DeSantis & Pence for 2024: ‘I am 100% for President Trump’

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By Nick R. Hamilton

Nick has a broad background in journalism, business, and technology. He covers news on cryptocurrency, traditional assets, and economic markets.

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