Donald Trump’s Wealth Surges to $8 Billion in October, Doubling His Fortune

Former US President Donald Trump has witnessed a remarkable increase in his net worth this October, doubling from under $4 billion at the start of the month 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, with his fortune swelling significantly as shares of his social media company, Trump Media & Technology Group, reached their highest levels since June.

On Tuesday, shares of Trump Media rose nearly 9%, closing at $51.51. However, analysts suggest that this surge is not directly linked to the company’s financial performance. Instead, it appears to be correlated with the shifting odds of Trump securing a win in the upcoming presidential election. As the election draws nearer, speculation about Trump’s candidacy has intensified, influencing stock prices in a manner that reflects public sentiment and polling data.

Recent polls indicate a tight race between Trump and current Vice President Kamala Harris across seven key battleground states. For instance, a CNN poll shows that in Arizona, Harris has 48% support among likely voters, while Trump trails closely behind with 47%. In Nevada, Trump holds a slight lead with 48%, compared to Harris’s 47%. Notably, these margins fall within the polls’ margin of error, suggesting neither candidate has a clear advantage.

The Hill’s latest presidential forecast shows Trump slightly ahead of Harris with 54% support against Harris’s 46%. Trump leads in five out of six swing states—Nevada, Arizona, Georgia, Pennsylvania, and Wisconsin—while Harris has a slight edge in Michigan. Nevertheless, the narrow gaps indicate a highly competitive race ahead.

While national polls offer insight into a candidate’s popularity, they may not accurately predict election outcomes. They are designed more to gauge public sentiment rather than forecast results.

In contrast, Kamala Harris, along with her husband Doug Emhoff, has a reported net worth of $8 million, according to Forbes estimates published in May. This figure places her net worth roughly 20 times higher than the median for Americans in their age bracket. Since taking office as Vice President in 2021, Harris’s wealth has increased from $7 million, highlighting her financial growth during her political career. However, her prospects in the presidential race have not yet translated into significant changes in her financial standing.

Sources By Agencies

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