net worth

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Trump Now Among 500 Richest
Trump's Net Worth Doubles
Mar 26, 2024 6:04 AM CDT

Trump's Net Worth Doubles

He's now among 500 richest people, per Bloomberg

(Newser) - There was good and bad but overall, Monday was a great day for Donald Trump and, as Bloomberg reports, "the single-greatest day on record for the former president's wealth." In merging his social media company Trump Media and Technology Group with Digital World Acquisition Corp., Trump took...

50-Somethings in America Are Reaching a 'Mythical Status'

Per 'USA Today,' average US household of 50-somethings are now millionaires

(Newser) - Last fall, Fortune made the somewhat surprising revelation that, per the Federal Reserve, the average American household is made up of millionaires. Specifically, the Fed's consumer finance survey noted that, adjusting for inflation, the mean net worth of US households was $1.06 million—a big jump from the...

Bezos Leaves CEO Post With a Pretty Penny in His Pocket

Amazon founder is worth $201.8B—about 740,000 times median net worth of an American at age 65

(Newser) - Jeff Bezos may be giving up his CEO title , but he'll hold onto world's richest man honors, at least for now. The Amazon chief officially hands over the reins Monday to Andy Jassy, the head of the company's web services, but not before amassing a net worth...

Trump's Net Worth Plummeted During Presidency

Bloomberg analyzes his financials, noting a $700M drop since he entered the Oval Office

(Newser) - The coronavirus pandemic and Capitol attack not only may have played a role in ending Donald Trump's presidency—they've also taken a toll on his fortune and his brand. Bloomberg reports that, per its Billionaires Index, the former president's net worth was at around $3 billion when...

Bezos Cashes In $3.1B in Amazon Shares

Amazon CEO made more than $10B Wednesday

(Newser) - Jeff Bezos cashed in more than $3 billion in Amazon shares on Monday and Tuesday, bringing the total for the year to $10.2 billion—which is less than what he made on Wednesday. Business Insider reports that the Amazon CEO's net worth jumped around $10.5 billion Wednesday...

Trump Acknowledged a Debt of $400M. It's Much Higher

But 'Forbes' also notes he has significant assets and has a net worth of $2.5B

(Newser) - The subject of President Trump's debt surfaced at his town hall Thursday night, and he didn't deny a figure of $400 million raised by NBC's Savannah Guthrie. "It's a tiny percentage of my net worth," Trump said. "$400 million is a peanut,"...

Jeff Bezos' Wallet Just Had a Record-Setting Day

Amazon founder added $13B to his net worth on Monday

(Newser) - How do you treat yourself when you make $13 billion in one day? We'll have to ask Jeff Bezos, who, per Bloomberg , saw that amount added to his net worth Monday, the largest single-day boost to one person's wealth since the Bloomberg Billionaires Index began in 2012. A...

Study Estimates a Millennial's Net Worth

Average is $8K, much lower than previous generations at that age

(Newser) - A study commissioned by Deloitte finds "the vast majority of consumers are under tremendous financial pressure," per Kasey M. Lobaugh, the study's lead author, who tells the Washington Post that this applies to two demographics in particular—low-income Americans and millennials. And he puts a number on...

The Earth Has a New 'Richest Person'
The Earth Has a New
'Richest Person'
Jul 27, 2017 10:45 AM CDT

The Earth Has a New 'Richest Person'

With a net worth of $90.9 billion, Jeff Bezos just surpassed Bill Gates

(Newser) - A strong morning for shares of Amazon has resulted in bragging rights for CEO Jeff Bezos: He is now the richest person on the planet. Bezos' net worth climbed to $90.9 billion about 10am EDT Thursday, putting him ahead of Gates at $90.7 billion, per Bloomberg . It's...

Jeff Bezos' Magic Number Is $990
Jeff Bezos'
Magic Number
Is $990
Apr 28, 2017 10:14 AM CDT

Jeff Bezos' Magic Number Is $990

If Amazon shares hit that, and they're close, he'll be world's richest

(Newser) - The world's No. 2 richest man took a big step toward the No. 1 slot Thursday. With Amazon shares reaching as high as $965 in after-hours trading (up nearly $50 from the close) on the news that sales may beat estimates for the quarter, Jeff Bezos' fortune was set...

America's 10 Wealthiest Presidents
America's 10
Wealthiest Presidents
Oct 11, 2016 10:17 AM CDT

America's 10 Wealthiest Presidents

The first president was also the wealthiest: 24/7 Wall Street

(Newser) - It's not clear what Donald Trump's net worth is, but low estimates have it at about $3 billion, per 24/7 Wall St . If accurate, he would become the richest president in history by far. Still, Hillary Clinton's net worth of $75 million (with husband Bill) would put...

The 10 Richest Self-Made Women in America

The top spot goes to ... a roofer

(Newser) - As USA Today puts it, "the richest self-made woman in America is a roofer." Diane Hendricks, who owns America's largest wholesale roofing and siding distributor, tops Forbes ' second annual list of the country's richest self-made women—meaning they earned rather than inherited their cash. The...

Obama's Net Worth Is...
 Obama's Net 
 Worth Is... 
May 16, 2014 9:56 AM CDT

Obama's Net Worth Is...

President has up to $7M in assets

(Newser) - Barack Obama may not be Mitt-Romney-rich (or even Al-Gore-rich ), but he's doing all right for himself. The president's latest financial disclosure forms, released yesterday, reveal that he and Michelle had total assets worth somewhere between $1.8 million and $7 million in 2013, the AP reports. (That'...

Obama's Net Worth Revealed —Kind Of

It's somewhere between $1.8M and $7M

(Newser) - President Obama's net worth could stand at a hair under $7 million ... or just $1.8 million. That range comes via his financial disclosure reports released yesterday, and USA Today sums it up perfectly: The Obamas "are wealthy, but it's uncertain just how wealthy." Their assets...

Fed Economic Report: Middle Class Getting Hosed

American families lose two decades of accumulated wealth

(Newser) - The Fed released its much-anticipated report on the economy today, and the news is not pretty. In short, the median American family's wealth has fallen to early-1990s levels, eliminating two decades of prosperity, while savings are down and debt hovers like a vulture over most Americans, the New York ...

Keep Track of Zuck's Wealth—in Real Time

Wall Street Journal offers Mark Zuckerberg widget

(Newser) - Just how rich is Mark Zuckerberg? The answer is changing rapidly, but the Wall Street Journal will keep you posted. Facebook's IPO has helped make Zuck one of the world's richest people. Of course, his wealth is shifting along with the stock price—so the Journal is providing...

Members of Congress With Lowest Net Worth

Alcee Hastings leads the way with a negative $4.7 million

(Newser) - Apparently, not everyone in Congress is rich . The Washington Post compiled a list of the 25 lawmakers with the lowest net worth, based on 2010 disclosures analyzed by the Center for Responsive Politics. Here are the "top" 5, all of whom are in the red. (There's no explanation...

Romney's Net Worth: Between $190M-$250M

The former venture capitalist is doing OK

(Newser) - Mitt Romney has a net worth of up to a quarter of a billion dollars, reports the Boston Globe . His campaign estimates the total to be somewhere between $190 million and $250 million in a financial disclosure filed with the FEC. The total, which hasn't changed much over the...

How Much Money You Got? Sites Broach Taboo Topic

It's easier than ever to see how we stack up with others

(Newser) - You probably don't know Joey Kincer of San Juan Capistrano, California, but if you read the New York Times Magazine this weekend, you'll learn he makes $65,000 a year as a web developer and has a net worth of $201,000 (above the national median but about even with...

US Millionaires Jump 16% as Market Rebounds

Ranks of rich, ultra-rich rising again

(Newser) - They've had a rough couple of years but America's rich are now getting richer again, according to a report from the Spectrem Group. The number of households with over $1 million in assets—not including the primary residence—jumped 16% last year to 7.8 million. The 69% rally in...

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