Donald Trump narrowly avoided losing control of his empire with an appellate court ruling that dropped the bond amount required to avoid asset seizure in New York State. The decision allowed Trump to double his estimated fortune from $2.3 billion to $5.1 billion.
Trump’s legal team argued that he couldn’t afford to pay off a $454 million judgment, but the courts granted them an appeal, reducing the bond amount to $175 million. To further boost his wealth, Trump took his social media venture Truth Social public, despite its modest revenue and significant losses. This move sparked a mania among investors who bid up shares, adding billions to Trump’s fortune.
To address liquidity concerns, Trump sold various items, including Bibles, sneakers, and guitars, before launching a crypto project called World Liberty Financial. The project targeted new cryptocurrency investors with tokens that cannot be resold, promising a “financial revolution.” After the presidential election, others piled in, sending an estimated $390 million to Trump.
The president-elect later unveiled his own digital token, $TRUMP, which generated an estimated $350 million in trading fees and tied-dollar crypto. Trump’s exact take is unclear, but he likely walked away with at least $110 million after taxes. With his new fortune boosted by nearly $800 million, it’s unlikely that New York Attorney General Letitia James will be eager to seize his assets again anytime soon.
Source: https://www.forbes.com/sites/danalexander/2025/03/31/how-truth-social-and-crypto-helped-donald-trump-double-his-fortune-in-just-one-year