Donald Trump is an American politician, real-estate developer, and television personality who served as the 45th president of the United States from 2017 to 2021. By the way, how much is Donald Trump’s net worth? Let us find out that information from the text below.
Donald Trump’s net worth
As of 2021, Donald Trump has a net worth of $2 billion. He was known primarily for being the owner of The Trump Organization (a real estate and licensing conglomerate), before becoming President of the United States. The Trump Organization has commercial and residential properties around the globe, primarily golf courses in the United States, Ireland and Scotland. Also, he has earned hundreds of millions of dollars since 2000 licensing his name for a myriad of products and real estate development projects around the world. Donald Trump defeated Hillary Clinton to become the 45th President of The United States in November 2016. He was defeated in his reelection campaign by Joe Biden in November 2020.
In June 2015, he announced that he was running for President. With his announcement he released an estimate of his personal wealth that pegged his net worth at $8 – 10 billion. The main reason this net worth differs from generally accepted evaluations of his wealth, related to how Donald Trump values his personal brand. In his net worth estimate, Donald Trump valued his personal brand at $3.3 billion. Other sources value the brand at $50 or $100 million. In addition, Forbes has reported that the value of Donald Trump’s brand and his real estate have declined since he became the President of the United States due to his personal controversies.
In the year of 1982, Donald Trump and his father were listed among the richest Americans with a combined net worth of $200 million, around $500 million in today’s dollars. Financial issues and real estate downturns in the 1980s caused Donald to drop off the list of 400 richest Americans throughout much of the 1990s.
In the year of 2009, an author named Timothy released a book where he estimated that Donald Trump’s true net worth was not in the billions, but it was only $150 – $250 million. After that, Donald Trump was angry and claimed O’Brien and his publisher for $5 billion for committing actual malice. Donald Trump’s lawyers asserted that their client’s net worth was proven to be $7 billion.
At this time, his $2 billion net worth makes him the 260th richest person in America and the 720th richest person in the world.
When Donald Trump teamed up with Mark Burnett to produce “The Apprentice”, NBC offered a deal that was too good to be true. His Apprentice deal gave him 50 percent of all profits produced by the show. In his peak year, in 2005, Donald Trump earned a little under $48 million. Between 2000 and 2018, he earned $197.3 million in Apprentice income from NBC. Then, Donald Trump increased his popularity that found from “The Apprentice” into an additional $230 million worth of endorsement and licensing deals.
As the 45th president of the United States from 2017 to 2021, Donald Trump was entitled to an annual salary of $400,000. As an ex-President, he is going to get a $211,000 annual pension. Also, ex-Presidents receive up to $1 million per year in travel expense reimbursements, Secret Service for life, $150,000 for staff expenses and an office space reimbursement. Bill Clinton’s annual reimbursement of office space costs US taxpayers $ 500,000 per year.
Gifts, loans, and other wealth from his father
Based on the New York Times report in the year of 2018, Donald Trump received at least $413 million from his father’s business empire. Drawing upon more than 100,000 pages of tax returns and financial records, the New York Times discovered 295 distinct streams of revenue which Fred Trump made over five decades to channel his wealth to his son.
When Donald Trump has told of the money which he received from his father, usually he would downplay the actual amount. Trump prefers to have a reputation as a self-made man. As an example, in a 2007 sworn deposition, Trump acknowledged borrowing $9.6 million from his father’s estate, and on the presidential campaign trail in 2015, Trump acknowledged borrowing $1 million from his father. Trump explained both of these amounts as small and emphasized that he repaid both loans with interest.
Those amounts are small fractions of the entire amount he received from his father. The facts can affect his public image. Based on a 2019 study in the journal Political Behavior, lots of voters who admired Donald Trump as a keen businessman, and the right option for the presidency changed their opinions when told that he inherited a lot of money from his father.
Donald Trump’s Real Estate
Prior to becoming President of the United States and moving to The White House, Donald Trump’s longtime primary residence was a 30,000 square-foot triplex penthouse at the top of his Trump Tower on Fifth Avenue, in New York City. This apartment is well famously covered in marble, gold, and diamonds with Italian frescos on the ceiling. The condo is worth at least $100 million. Probably more like $150-200 million thanks to the luxury equipment and fame. Not far away from Trump Tower, Donald Trump has some units in a building called Trump Park Avenue, overlooking Central Park.
Also, Donald Trump has a 213-acre estate named Seven Springs which is located in Westchester County, New York. He purchased this property for $7.5 million in 1995. He famously once allowed Libyan dictator Moammar Gadhafi for staying on the home in a large Bedouin-style tent when he was in town for the United Nations General Assembly.
In the year of 1980, Donald Trump paid $10 million for a 17-acre estate in Florida named Mar-a-Lago that he called as “The Winter White House” during his time as President. Technically, he obtained the property over two transactions totaling $10 million.