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  HOME PAGE 07/11/2024 15:36 
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The salary of the new President of the United States, Donald Trump, has been announced.

The salary of the new President of the United States, Donald Trump, has been announced.

07.11.2024 13:21

Donald Trump, who was elected as the President of the United States for the second time with a significant victory over his rival Kamala Harris, will receive an annual salary of 14 million lira. It is commented that Trump's main earnings will continue to come from his substantial stakes in social media and real estate investments.

It has been learned that the new president of the USA, Donald Trump, will receive an annual salary of 400 thousand dollars (approximately 14 million TL), while it is stated that the main earnings will continue through shares in social media and real estate investments.

He is making millions of dollars from shares of a social media company called Media & Technology Group. The Truth Social platform owned by Trump has rapidly increased in value, especially in recent months. The company's share price has increased by over 100% since the beginning of the year and gained 85% in just last month. These increases indicate that Trump could accumulate significant wealth through his media company.

EXPERTS DISCUSS HIS FORTUNE

There are different opinions regarding Trump's net worth. According to Bloomberg, Trump's fortune is currently 6.49 billion dollars. Forbes, in its estimate last week, stated this amount as 8 billion dollars. The Wall Street Journal suggested that this figure might be higher, estimating Trump's wealth to be between 7.5 and 10 billion dollars. Real estate investments, which are Trump's main source of income, continue to form the foundation of his wealth.

CONVERTING SHARES TO CASH IS DIFFICULT

The total value of Trump's 114.75 million shares in his media company is quite high on paper. However, according to finance professor Jay Ritter from the University of Florida, the value of these shares fluctuates during the election process. Currently, the value per share is around 35 dollars. In this case, the total value of Trump's media shares is seen as approximately 4 billion dollars. However, if Trump attempts to convert these shares to cash, he will have to pay capital gains tax on all earnings. According to Ritter, after tax deductions, Trump's net earnings from these shares could drop to 800 million dollars.

WILL NOT AFFECT PRESIDENTIAL WEALTH

Even if Trump receives his salary during his second presidential term, his main earnings will come from shares and real estate investments. Experts believe that Trump's presidency will not significantly change the value of his assets in the real estate sector. However, maintaining and increasing the value of Trump Media shares will be an important factor for Trump to sustain his wealth. According to a report in Haber7, Matthew Tuttle, CEO of Tuttle Capital Management, stated in an interview with Fortune, "Trump has made a considerable profit from DJT shares." How much value Trump's media investments will reach in the future will continue to attract the interest of both the markets and the public.



 
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