Donald Trump Net Worth in 2020: Donald Trump is an American politician, real estate developer, writer and TV host with a fortune of $ 2.5 billion. Before becoming President of the United States, Donald was best known for being the owner of The Trump Organization, a real estate and licensing conglomerate.
|Date of Birth:
||Jun 14, 1946 (74 years old)
||6 ft 3 in (1.91 m)
||Entrepreneur, Businessperson, Writer, Investor, TV Personality, Television producer, Film Producer, Actor, Economist, Real estate entrepreneur
||United States of America
The Trump Organization owns commercial and residential properties around the world, especially golf courses in the United States, Scotland and Ireland.
He has also made hundreds of millions of dollars since 2000 licensing his name to a variety of real estate products and projects around the world. In November 2016, Donald Trump defeated Hillary Clinton to become the 45th President of the United States.
Making an Apprentice: When Donald teamed up with Mark Burnett to produce Apprentice, NBC offered a deal that was too good to be true. The Donald’s Apprentice deal entitled him to 50% of all profits from the show. In his peak year 2005, he earned just under $ 48 million. Between 2000 and 2018, Donald made $ 197.3 million as an apprentice from NBC.
He then used his newfound Apprentice fame for an additional $ 230 million in endorsements and licensing deals.
Salary of the President: As President, he is entitled to an annual salary of $ 400,000. He donates all of this salary to charity, except for one dollar.
Early life: Donald John Trump was born on June 14, 1946, to millionaire Fred Trump, a low-income real estate tycoon. Fred Trump and Donald’s grandmother Elizabeth started building and selling houses.
The company, which was incorporated as Elizabeth Trump & Son in 1927, built large tracts of single-family homes in Queens. The company has grown to own and operate more than 27,000 leased properties on the East Coast, mostly in the surrounding New York area.
Donald briefly attended Kew Forest School in Forest Hills, but at the age of 13 he was sent to the Military Academy of New York. In college, he attended Fordham University and the Wharton School of Finance at the University of Pennsylvania, graduating in 1968 with a degree in economics.
After graduating from college, Donald returned to New York, where he went to work for his father’s company, which would later be known as The Trump Organization. In the 1970s, Trump made a fortune by owning and renting middle and lower class housing in neighboring New York City neighborhoods such as Brooklyn, Staten Island and Queens.
Thanks to the shares of his father’s company given to every child at different ages, Donald Trump
was technically a paper millionaire in 1954 when he was just 8 years old.
In 1976, Fred Trump established $ 1 million trust funds for each of his children and three great-grandchildren. That’s roughly $ 5 million in today’s dollars. The trusts paid an annual dividend from profits earned from rental and sale income from Elizabeth Trump & Son real estate.
In 1982, Donald and Fred joined the Forbes 400 list of the richest Americans together, with a combined net worth of $ 200 million, roughly $ 500 million today. Adjusted for inflation, each Trump brother received about $ 413 million from Fred Trump in inheritance and dividends by the time of his death in 1999.
• By the age of 3, he was earning 200 thousand dollars from family dividends.
• Become a millionaire by age 8 thanks to family trusts.
• Decades later, these trusts will generate $ 5 million per year.
• By far the richest president in US history.
• Earned $ 427.4 million between 2004 and 2018 producing The Apprentice.
Independent Success: Seeking to move the family empire from the outlying areas to Manhattan, in 1976 with his newly created trust fund and an additional loan from his father, Donald dropped out himself. Over the next several decades, Fred loaned Donald at least $ 60 million for various projects, most of which were loans that never came back.
One of his first big independent successes was the 1976 renovation of the Commodore Hotel into the modern Grand Hyatt New York. At the time, New York was in the midst of a deep economic depression.
Commodore lost over $ 1.5 million in operations last year. The Trump organization, at Donald’s direction, spent $ 100 million on building renovations over the next four years. In general, this renovation was rated as extremely successful and positive for the hotel and the city as a whole. Donald sold his 50% stake in the building to his partners, the Pritzker family, for $ 142 million in 1996.
In 1982, Donald began construction on what would become a 58-story Fifth Avenue skyscraper, now known as Trump Tower. Trump Tower has 238 residential buildings, three restaurants and several retail outlets on the ground floors. The top three floors are triplex, which served as Donald’s personal residence in New York for decades.
In 2006, Forbes valued Trump Tower at $ 318 million, or $ 288 million after you canceled Trump’s $ 30 million mortgage on property. In 2015, the flagship luxury store Gucci nearly doubled the building’s value to $ 600 million. Today, with a slight drop in New York property values and $ 100 million in mortgages, real estate is probably worth $ 400-500 million.
In New York, he also owns Trump World Tower, Trump Place Trump International. He previously owned the Plaza Hotel. Many of the hotels and condominiums bearing Trump’s name today are licensing deals whereby other owners pay the Trump Organization a commission for the use of Trump’s name and often for the lease / sale / operation of the building.
In the late 1980s, Donald expanded his portfolio to Atlantic City, where he built several casinos. Its flagship casino Trump Taj Mahal opened in 1990. Casinos were consistently unprofitable businesses that demanded financial help from Fred Trump. Trump’s casinos and resort businesses filed for bankruptcy several times between 1991 and 2009.
Trump’s other notable real estate assets today include:
• Trump Winery in Charlottesville, Virginia, which also serves as a boutique hotel.
• Trump Doral is a golf club in Miami.
• Trump Chicago is a luxury hotel / condominium.
• 40 Wall Street in New York
• Trump International Golf Links in Aberdeen, Scotland.
• Additional golf courses / resorts in Ireland, Ferry Point, New York, Turnberry, Scotland, Los Angeles, Dubai, Bedminster, New Jersey and more …
His May 2016 personal financial disclosure showed assets of at least $ 1.4 billion, golf and resort revenue of $ 300 million, rental income of $ 100 million, and mortgage liabilities of at least several hundred million dollars. …
Books and TV Shows: Donald is the author of a number of books, including the bestselling books The Art of the Deal, Trump 101: The Road to Success, and The America We Deserve.
In 2004, Donald teamed up with Mark Burnett Productions to create an NBC reality show called The Apprentice. The show premiered in January 2004 and eventually spawned several side effects and reboots, including “The Celebrity Apprentice”. Trump also received two Emmy Awards for his work on The Apprentice.
Lawsuits later revealed that Donald was making $ 60 million in a season of NBC’s The Apprentice. He received a star on the Hollywood Walk of Fame in 2007.
Relationships and children: Donald married Ivana Zelnitskaya (later Ivana Trump) in 1977. Together they had three children; Donald Jr., Ivanka and Eric.
The couple broke up in 1992 and in 1993 he married his well-known mistress Marla Maples, who gave birth to their daughter, Tiffany. They divorced in 1999. In 2004, Trump married supermodel Melania Knauss, who in 2006 gave birth to his fifth child, William Barron Trump.
Donald Trump’s fortune – $ 3 billion? $ 9 billion? 15 billion dollars? In June 2015, Donald announced that he was running for president. In a statement, he published an estimate of his personal fortune, according to which his fortune is estimated at $ 8-10 billion. The main reason this net worth differs from the most widely accepted estimates of his wealth has to do with how Donald values his personal brand.
On a net worth estimate, Donald valued his personal brand at $ 3.3 billion. Other analysts estimate the brand at around $ 50 million or $ 100 million.
As we mentioned earlier, in 1982, Donald and his father were listed among the wealthiest Americans with a combined net worth of $ 200 million, which is roughly $ 500 million in today’s dollars. Financial troubles and a downturn in real estate in the 1980s drove Donald out of the 400 richest Americans for much of the 1990s.
At the time of this writing, his $ 2 billion fortune makes him roughly the 720th richest person in the world and the 260th richest person in America.
Over the years, Trump’s net worth has, according to Forbes and the likes of Celebrity Net Worth, drew contempt from Trump himself. In 2009, an author named Timothy O’Brien released a book called TrumpNation: The Art of Being Donald, in which he calculated that Donald’s true fortune was not in the billions, but close to $ 150-250 million.
Trump was furious over the lawsuit and sued O’Brien and his publisher for $ 5 billion for “malice,” citing three unnamed sources for his significantly lower net worth. While Trump’s lawyers claimed their client’s net worth was “irrefutably proven” to be $ 7 billion, Trump himself was not so confident in his testimony.
During his testimony, Trump stated:
“My net worth fluctuates and it rises and falls with markets, with relationships, with feelings, even with my own feelings … Yes, even with my own feelings about where the world is, where the world is heading, and that can change. fast from day to day.
Then you have 9/11 and you don’t feel so good and you don’t feel so good in the world and you don’t feel so good in New York. Then you have a year later and the city got hot like a gun. Even a few months after that it was a different feeling. So yes, even my own feelings affect my value to me. “
Forbes estimates Donald Trump’s net worth peaked at $ 4.5 billion in 2017. Forbes lowered its estimate to $ 3 billion in 2019. Forbes reported that the value of Donald’s brand and his real estate holdings has declined since becoming president due to his personal differences. Fortune Magazine said the opposite, estimating his net worth at $ 3.3 billion, $ 300 million more than since his election.
When Donald’s fortune
in 2009 were tracked, we estimated his fortune at $ 1.5 billion.
Personal Real Estate Ownership: Before becoming president and moving into the White House, Donald’s longtime main residence was a 30,000-square-foot, three-story penthouse atop his eponymous Trump Tower on New York’s Fifth Avenue.
The apartment is classy decorated with gold, marble and diamonds with Italian frescoes on the ceiling. This apartment is worth at least $ 100 million. Possibly more than $ 150-200 million thanks to its luxurious furnishings and notoriety.
Not far from Trump Tower, Donald owns several apartments in a building called Trump Park Avenue overlooking Central Park.
He also owns a 213-acre estate called Seven Springs located in Westchester County, New York. He bought the property in 1995 for $ 7.5 million. On one occasion, he is known to have allowed Libyan dictator Muammar Gaddafi to stop at the site in a large Bedouin tent while he was in town for the United Nations General Assembly.
In the 1980s, Trump paid $ 10 million for a 17-acre estate in Florida called Mar-a-Lago, which he called the “Winter White House” during his presidency. He technically acquired the property in two deals totaling $ 10 million, as we will explain in a moment.
Mar-a-Lago: Mar-a-Lago was built from 1924 to 1927 by the cereal heiress Marjorie Merriweather Post. She spent $ 7 million in 1920s dollars building the mansion. This is the same as $ 101 million in today’s inflation-adjusted dollars. After her death in 1973, Post donated the 17-acre estate to the United States government, hoping it would be used as the Winter White House.
The federal government soon realized that it was expensive to maintain such property and decided to refuse the gift. The Post Foundation attempted to sell the property in 1981 for $ 20 million, or $ 56 million in today’s dollars. The daughters of the posts did not contain property at all, and it quickly fell into disrepair.
Around this time, Trump was trying unsuccessfully to buy a number of properties nearby. After learning about Mar-a-Lago from friends, he offered the Mail Foundation $ 15 million, but they refused.
Trump bought land between Mar-a-Lago and the ocean for $ 2 million from Jack Massey, the former owner of KFC, and announced his intention to build a large mansion on the site. If he had implemented this plan, the view of the Mar-a-Lago ocean would have been completely obscured and, as such, all remaining interest in the sale would have faded.
Ultimately, Trump successfully bought Mar-a-Lago for $ 7 million in 1985. He set about repairing the state at a cost of many millions of dollars. He added a 20,000-square-foot ballroom, a beachfront pool and five clay tennis courts.
Faced with serious financial troubles from divorce and a sharp drop in New York property values, Trump was forced to strike a deal with his lender bankers in the 1990s, under which he would split ownership into private homes that he would sell to collect. facilities.
When Palm Beach residents learned of the plan, they were furious and forced the city council to reject the concept. As a consolation, he decided to turn the estate into a private club.
Today, the 126-room, 62,500-square-foot mansion is a member-only club with hotel-like amenities including rooms and a spa. If it were put up for sale in the middle market, it would have raised at least $ 160-200 million.
Summary: At the time of writing, Donald Trump was worth $ 2 billion. He is a real estate developer, writer and politician who was elected President of the United States in November 2016.