Former US President Donald Trump has seen a remarkable increase in his net worth this month, soaring from under $4 billion at the beginning of October to an impressive $8 billion as of Tuesday. According to Forbes’ real-time billionaires tracker, Trump now ranks as the 357th wealthiest person in the world. This surge in wealth is attributed to a significant rise in the shares of his social media company, Trump Media & Technology Group, which closed nearly 9% higher at $51.51 on Tuesday, marking its highest value since June 5.
The increase in Trump Media’s stock does not appear to correlate with the company’s financial performance; instead, it has closely followed the likelihood of Trump’s success in the upcoming election, as indicated by Forbes. Current polling shows a near tie between Trump and Vice President Kamala Harris in seven critical battleground states that will likely determine the election outcome.
Recent CNN polls reveal a tight race in Arizona, where Harris holds 48% support among likely voters compared to Trump’s 47%. In Nevada, Trump edges ahead with 48% to Harris’s 47%. These margins fall within the polls’ margin of error, suggesting no clear frontrunner in either state.
The latest presidential forecast by The Hill shows Trump slightly ahead of Harris, with 54% support against her 46%. Trump maintains a narrow lead in five out of six key swing states: Nevada, Arizona, Georgia, Pennsylvania, and Wisconsin, while Harris leads in Michigan. However, these gaps remain within the usual polling error range.
While national polls provide insights into a candidate’s popularity across the country, they are not reliable indicators of election outcomes, as they primarily reflect public sentiment rather than predict results.
In contrast, Kamala Harris and her husband Doug Emhoff have a combined net worth of $8 million, as estimated by Forbes in May. This figure is approximately 20 times higher than the median net worth of Americans in their age group. Since becoming Vice President in 2021, Harris’s wealth has increased from $7 million, although her role in the presidential race has not significantly impacted her financial status.
