Josh Altman MDLNY

Josh Altman: Donald Trump’s Net Worth Will Increase Due To Election Results

Josh Altman may be the king of real estate in Los Angeles, but it sounds like he’s keeping an eye out on real estate in other cities as well. Of course, Altman has connections in New York with the Million Dollar Listing: New York stars, who are staying in touch with high-end real-estate deals being made in the city. But it sounds like Josh has been staying in touch as well, especially when it comes to Donald Trump.

Before Trump was elected president this week, he was known as a businessman and a real-estate mogul who owns hotels around the world. And Altman is convinced that Donald’s net worth will increase now that he’s the country’s next president.

According to a new Bravo report, Josh Altman has studied history when it comes to presidents, and he’s convinced that Donald’s current residence at the Trump Towers in New York will increase in value now that he’s the country’s next president. Of course, he will be moving into the White House in January and his New York residence may be empty — at least while he’s working in Washington. Now that he has a fancy new title, will his net worth increase? Josh Altman believes that his residence will be worth more because of this election.

“I like that: ‘the value.’ That’s like selling Kim [Kardashian] and Kanye [West]’s house, you get more money because it’s their house. You know, I don’t know how much Trump is known for selling off. The trophy assets that he keeps, I can guarantee he’s going to be keeping for a very long time. I think it will help in value, big time, even though he doesn’t need any help,” Josh Altman told the Daily Dish about Trump’s current portfolio.

Altman also predicts that his net worth and his entire portfolio will increase, including the worth of his hotels around the world. While some people are critical of the new president, Altman believes that some people will be eager to get into his properties and the value will increase for him. In other words, becoming president was a wise business decision to Donald. What is Josh’s reasoning? Past presidents’ homes are selling for huge amounts of money simply because of their previous residents.


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“Ronald Reagan’s house n the [Pacific] Palisades, [it’s] on the market right now [for $20 million] and they’re asking a premium because there’s pictures of Ronald at the house and it’s very cool. So I think all of [Trump’s] real estate will go up in value now and [I’m] very interested to see what’s gonna go on,” Josh Altman explains to Bravo in a Daily Dish interview.

Of course, the net worth may not increase anytime soon. He hasn’t even taken office yet, and some people are protesting the final decision to make him the president this week. It may take some time before the net worth goes up, but Josh Altman is convinced that his properties around the world, including his Trump Tower in New York, will be worth more once he starts his presidency and perhaps after he’s done.

And if this is true, Barack Obama may have something to look forward to, as his future home could be worth a lot more than he will pay for it. And if he’s looking for a home in Los Angeles, Josh Altman would surely be willing to help him out once he’s done in the White House.

What do you think of Josh Altman’s theory that Donald Trump’s net worth will increase because of the election?

[Featured Image by Larry Busacca/Getty Images]