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Yahoo
16 minutes ago
- Yahoo
If Trump's Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Get?
We hear numbers like 'billions' thrown around all the time, but what does that really mean for the average person? Let's break down what would happen if billionaire President Donald Trump split his entire net worth evenly among every American (and whether that could actually happen). Find Out: Read Next: What Is Donald Trump's Net Worth? Donald Trump is a real estate mogul turned reality TV star, turned president, turned…influencer? It's been quite a ride. Trump began his business career working for his father, Fred, who built affordable housing in Brooklyn and Queens. He later moved the business into Manhattan, building skyscrapers and casinos and eventually branding nearly everything from steaks to ties. As of June 2025, Trump's net worth is estimated at over $5 billion, according to Forbes. That figure includes: High-end real estate (commercial and residential) Golf resorts across the globe A winery A Boeing 757 known as 'Trump Force One' Stakes in companies like Trump Media & Technology Group (home of Truth Social) He's also made millions in recent years by selling NFTs, coffee-table books and shares in his social media company, despite it losing money. That said, a New York judge ordered him to pay $454 million in 2024 for allegedly inflating his assets to look more creditworthy. Trump appealed the ruling and is awaiting a final decision to be made. But until then, his net worth remains hovering above $5 billion. Discover More: How Much Would You Get? Now for the fun part. If Trump's $5.4 (or so) billion was evenly distributed among all 347,181,484 people in the U.S., every person would get $15.55. What Can $15.55 Buy You in 2025? In today's dollars, here's what you could spend your Trump dividend on: Three gallons of gas (maybe) One month of a streaming service (until you forget to cancel) A fast-food combo meal…with extra fries A high-quality phone charger 0.00016 shares of Nvidia A movie ticket So while $15.55 isn't quite yacht money, it's still a tangible amount of money for something many Americans could use. Could This Actually Happen? Not really. Most of Trump's fortune isn't sitting in a checking account but rather tied up in real estate and business equity. Meaning to give away his billions, he'd have to liquidate assets, sell property and cash out of his companies. And that's no easy task since many of his holdings, like golf resorts and commercial buildings, aren't exactly quick or easy to sell. It would take time, come with massive tax implications and could tank the value of his holdings in the process. Large-scale asset sales could trigger capital gains taxes in the hundreds of millions, depending on how long he's held each property and what he originally paid. Worse, the sudden flood of properties or shares could depress market prices, causing his remaining wealth to drop even further (and hurting others invested in the same markets). Plus, there's no legal or logical reason he'd want to do this. U.S. law doesn't require billionaires to redistribute their wealth, and most don't unless compelled by court order (or extreme personal conviction). Final Thoughts No, Trump's not going to hand you $15.55 any time soon, but it's still fun to realize just how small a billionaire's fortune becomes when it's shared across a population of hundreds of millions. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 5 Cities You Need To Consider If You're Retiring in 2025 The New Retirement Problem Boomers Are Facing This article originally appeared on If Trump's Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Get?
Yahoo
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Dow Jones Futures: Tesla, Google Earnings Due; AI Stock Breaks Out As Nvidia, AMD Run
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Wall Street Journal
18 minutes ago
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The Real Risk to the Electric Grid
Democrats are attacking the GOP's budget bill for phasing out subsidies for wind and solar power, claiming this will cause power shortages and higher electric rates. The evidence suggests the opposite, as a new Energy Department study illustrates. As we've been writing for years, the reliability of the U.S. electrical grid is in trouble. The Energy report projects potential power shortfalls in 2030, as 104 gigawatts of baseload power retire in the next five years. But here's the really bad news: That shortfalls will exist even if that production is replaced, as expected, with 209 gigawatts of the mostly solar and wind generation under development. Americans would lose power in 2030 for an average of 817.7 hours (34 days), assuming typical weather conditions. If heat waves or storms stress the grid, outages could reach 55 days. Even without plant shutdowns, Americans would lose power for 269.9 hours (11 days) amid demand growth. The power shortages would be worse in middle America, where demand is growing fastest owing to AI data centers and renewables are displacing coal and gas. How can this be? The answer is that the Inflation Reduction Act turbo-charged subsidies for wind and solar in ways that are distorting energy investment. Because the subsidies can offset more than 50% of a project's cost, solar and wind became more profitable to build than new baseload gas plants. The credits enable wind and solar to under-price coal and gas plants in competitive power markets.
