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What is Donald Trump’s net worth?

Donald Trump is having an expensive year.

Nearly six months into 2024, the former president was found guilty of 34 felony counts of falsifying business records following his hush money trial. He will be sentenced on 11 July — just days before he’s named the official GOP nominee at the Republican National Convention — and could be hit with hefty fines in the wake of his conviction.

This comes after two civil case rulings with multi-million dollar penalties. In January, a New York judge ordered Mr Trump to pay writer E Jean Carroll $83.3m after he was found liable for defaming her.

One month later, he was found liable for financial fraud in New York and ordered to pay more than $350m – though the bond was later brought down to $175m as he appeals it.

While Forbes estimated Trump’s net worth at$2.6bn in September 2023, the pile-up of legal judgements poses a substantial risk to his bottom line.

Here’s what Trump’s financial situation looks like:

After a months-long trial in New York Superior Court, Justice Arthur Engoron ruled in February that Mr Trump, his adult sons Eric Trump and Donald Trump Jr, and former executives of the Trump Organization were liable for financial fraud.

The ruling ordered the co-defendants to pay $355m in fines after they “submitted blatantly false financial data” to obtain favorable rates on brand-building properties.

The judge also set limitations on each individual’s abilities to hold a leadership position in New York businesses or borrow from New York banks.

Following the ruling, the former president struggled to find financial backers to help him post the bond, and by mid-March the penalty had climbed to $464m with interest. But he finally received a lifeline when a New York appeals court

Read more on independent.co.uk