Former U.S. President Donald Trump’s wealth saw a remarkable surge in October, doubling from below $4 billion at the beginning of the month to $8 billion as of Tuesday.
According to Forbes’ real-time billionaire tracker, Trump is now the 357th wealthiest person globally. His increased net worth aligns with a rise in the stock price of his social media company, Trump Media & Technology Group, which climbed nearly 9% on Tuesday to close at $51.51—the highest level since early June.
Forbes notes that the company’s stock price increase is not necessarily linked to its financial performance but is instead influenced by the perceived likelihood of Trump winning the upcoming presidential election.
Opinion polls in key battleground states indicate a tightly contested race between Trump and Vice President Kamala Harris.
According to a CNN poll, Harris holds 48% support among likely voters in Arizona compared to Trump’s 47%, while Trump leads in Nevada with 48% to Harris’s 47%. These margins fall within the polls’ margin of error, reflecting no clear leader in either state.
The Hill’s latest presidential forecast gives Trump a slight edge over Harris with 54% support to her 46%. Trump is also narrowly ahead in five of six swing states—Nevada, Arizona, Georgia, Pennsylvania, and Wisconsin—while Harris has a small lead in Michigan. However, the differences are minimal and within typical polling error margins.
National polls, though informative of overall public sentiment, are not always precise predictors of election outcomes, as they aim to gauge public attitudes rather than guarantee results.
In financial comparisons, Forbes estimated Vice President Kamala Harris and her husband Doug Emhoff’s combined net worth at $8 million as of May 2023, about 20 times the median wealth for Americans in their age group. Since assuming office in 2021, Harris’s net worth has grown from $7 million, though her potential path to the presidency has not significantly altered her financial status.
