According to Forbes, as of September 16, former US President Donald Trump had a fortune of 3.9 billion USD, down 42 million USD (-1.1%) compared to last weekend and ranked only 877th in the world . Donald Trump's fortune continued to decline after the candidate in the race for the White House (taking place in November) was nearly assassinated for the second time at a golf course in southern Florida on September 15. Trump's fortune fell sharply after the debate with Kamala Harris on September 10. Trump's approval rating averaged 48% before the debate (compared to 49% for Harris) and dropped to 42% and 47% respectively, according to a Reuters survey on September 12. In mid-August, Donald Trump's assets plummeted to $4.9 billion, causing him to leave the top 500 richest people in the world due to Trump Media Company continuing to lose money and its stocks falling sharply.

Mr. Donald Trump. Photo: Fox News

Trump Media & Technology Group Corp (Nasdaq: DJT) announced a loss in the second quarter of 2024 with low revenue, less than $1 million. From the peak price of $79 in late March, Trump Media shares of former US President Donald Trump have fallen more than 67% to more than $26/share. Previously, in mid-July, Mr. Trump had assets of $6.5 billion and ranked 450th in the list of USD billionaires globally, according to Forbes. Former US President Donald Trump was removed from the list of the world's top 500 billionaires in early April because Bloomberg did not count assets derived from Trump Media shares because this stock code fluctuated too much since its listing in March. Trump Media & Technology Group Corp - the business that operates the social network Truth Social founded by Mr. Donald Trump - lost nearly $16.4 million in the second quarter of 2024, compared to a loss of $22.8 million in the same period. Trump Media's revenue fell 30% year-on-year to $837,000. According to the explanation, Trump Media's loss was mainly due to legal costs related to the merger with the empty shell company (SPAC) Digital World Acquisition Corp in March to list its shares on the stock exchange. In addition, there were technical consulting costs and software copyrights, mainly to enhance the new television service. Mr. Trump currently owns 65% of Trump Media shares, equivalent to 123 million shares and worth about $3.25 billion. In fact, Trump Media is just one business in the Donald Trump family ecosystem. The former US president has a long business tradition and was a billionaire before becoming the 45th president of the United States for the 2017-2021 term. Mr. Trump has many real estate assets, including Trump Tower, a 58-story building at 721-725 Fifth Avenue between 56th and 57th Streets in Midtown Manhattan, New York City. Trump Tower is used as the headquarters of The Trump Organization. Mr. Trump's assets, according to Forbes' calculations, have also fluctuated sharply according to political developments related to this former president. In February, Mr. Trump's assets dropped to $2.6 billion after he was fined nearly $355 million by a New York court for intentional financial fraud over a decade and banned from doing business for three years.

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