Donald Trump Net Worth: $3.1 Billion
Donald Trump’s Salary: $400 Thousand
Donald Trump net worth 2020: Donald Trump is an American politician, real-estate developer, author and television personality who has a net worth of $3.1 billion. He has earned his fortune as the owner of The Trump Organization, a real estate and licensing conglomerate. The Trump Organization owns commercial and residential properties around the globe, notably golf courses in the United States, Scotland and Ireland. In November 2016, Donald Trump defeated Hillary Clinton to become the 45th President of The United States.
Donald Trump Salary:
As President, he is entitled to an annual salary of $400,000. He donates all but $1 of that salary to charity. When he was a television star, his annual salary for “Celebrity Apprentice” was $60 million.
Donald Trump Early Life:
Donald John Trump was born on June 14, 1946, the son of millionaire low-income real estate tycoon Fred Trump. Fred Trump and Donald’s grandmother Elizabeth started out in home construction and sales. The company, which was incorporated as Elizabeth Trump & Son in 1927, build large swaths of single-family homes in Queens. The company grew to own and manage more than 27,000 rental units along the East Coast, primarily in New York City’s neighboring boroughs.
Donald briefly attended the Kew-Forest School in Forest Hills, but at 13 was sent to the New York Military Academy. For college he attended Fordham University and The Wharton School of Finance at the University of Pennsylvania, where he graduated 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 the Trumps earned a fortune owning and renting middle and lower-class housing in New York City’s neighboring boroughs like Brooklyn, Staten Island and Queens.
Through shares in his father’s company that were set aside for each child at various ages, Donald Trump was technically a millionaire on paper in 1954 when he was just 8 years old.
In 1976, Fred Trump set up $1 million trust funds for each of his give children and three great-grandchildren. That’s the same as around $5 million in today’s dollars. The trusts paid yearly dividends from profits earned through Elizabeth Trump & Son’s rental income and property sales.
In 1982, Donald and Fred were co-featured on the inaugural Forbes 400 list of the richest Americans, with a combined net worth of $200 million, the same as around $500 million today. After adjusting for inflation, each Trump sibling received around $413 million from Fred Trump through inheritance and dividends by the time he died in 1999.
Donald Trump Independent Success:
Keen to move the family empire away from the outer boroughs and into Manhattan, in 1976 with his newly established trust fund and an additional loan from his father, Donald struck out on his own. Over the next few decades, Fred would loan at least $60 million to Donald for various projects, much of which were loans that were never paid back.
One of his big early independent successes was the 1976 renovation of the Commodore Hotel into today’s Grand Hyatt New York. At the time, New York was in the midst of a deep economic depression. In the previous year, the Commodore lost more than $1.5 million on its operations. The Trump Organization, at Donald’s direction, spent $100 million renovating the property over the next four years. It was generally viewed as an extremely successful and positive renovation for the property and city at large. 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-floor skyscraper on Fifth Avenue that today is known as Trump Tower. Trump tower has 238 residential units, three restaurants and several first-floor retail businesses. The top three floors are a triplex unit that has served as Donald’s personal residence in New York City for decades. In 2006, Forbes valued Trump Tower at $318 million, or $288 million after you removed Trump’s $30 million mortgage on the property. In 2015, thanks to flagship luxury store Gucci, the value of the building had roughly doubled to $600 million. Today, with a slight downturn in NYC real estate values and a $100 million mortgage, the property is likely worth $400-$500 million.
DONT MISS: Jordan Belfort Current Net Worth
In New York City he also owns Trump World Tower, Trump Place Trump International. He previously owned The Plaza Hotel. Many of the hotels and condo complexes that carry the Trump name today are licensing deals where other owners pay the Trump Organization a fee to use the name Trump and frequently to operate the building’s leasing/sales/operations.
In the late 1980s, Donald expanded his portfolio to Atlantic City where he built a number of casino properties. His flagship Trump Taj Mahal Casino opened in 1990. The casinos were consistently money-losing ventures that required financial bailouts from Fred Trump. The Trump casino and resort ventures filed for bankruptcy several times between 1991 and 2009.
Other notable Trump real estate assets today include:
- Trump Winery in Charlottesville, Virginia, which also serves as a boutique hotel
- Trump Doral – a golf club in Miami
- Trump Chicago – a luxury hotel/condo complex
- 40 Wall Street in NYC
- 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, among others…
His May 2016 Personal Financial Disclosure showed at least $1.4 billion in assets, $300 million in income from the golf courses and resorts, $100 million in rental income and at least several hundred million in mortgage liabilities.
Donald Trump Books and TV Show:
Donald has authored a number of books including the bestsellers “The Art of the Deal”, “Trump 101: The Way to Success” and “America We Deserve”.
In 2004, Donald teamed up with Mark Burnett Productions to create a reality show for NBC called “The Apprentice”. The show premiered in January 2004 and eventually spawned several spinoffs and reboots including “The Celebrity Apprentice”. Trump also earned two Emmy Awards for his work on The Apprentice.
Lawsuit declarations would later reveal that Donald earned $60 million per season of The Apprentice from NBC. He received a star on the Hollywood Walk of Fame in 2007.
Donald Trump Relationships and Children:
Donald married Ivana Zelnickova (later Ivana Trump) in 1977. Together they had three children; Donald Jr., Ivanka, and Eric. The couple split in 1992 and in 1993 he married his much-publicized mistress, Marla Maples, who gave birth to a daughter, Tiffany. They divorced in 1999. In 2004, Trump married supermodel Melania Knauss, who gave birth to his fifth child, William Barron Trump in 2006.
What is President Trump’s approval rating right now?
As of August 2020, President Donald Trump’s current job approval rating was 42% approval, 55% disapproval and 4% no opinion while his overall average was 40% approval, 55% disapproval and 5% no opinion.
What President number is Trump?
Who was the oldest president?
The youngest to become president by election was John F. Kennedy, who was 43 years, 236 days, at his inauguration. The oldest person to assume the presidency was Donald Trump, at the age of 70 years, 220 days, on Inauguration Day.
Does Trump have 2020?
The 2020 Donald Trump presidential campaign is an ongoing re-election campaign by President of the United States Donald Trump, who took office on January 20, 2017. Donald Trump began his reelection campaign unusually early for an incumbent president.
Who is the richest president?
The richest president in history is believed to be Donald Trump, who is often considered the first billionaire president.
How much wall has Trump built?
On December 17, 2019, acting Commissioner of U.S. Customs and Border Protection (CBP) Mark Morgan stated that 93 miles of barriers had been built during the Trump administration; according to CBP, at least 90 miles of that replaced existing structures.
How old is Trump now?
74 years (June 14, 1946).
What has trump done for the economy?
Trump signed the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 27, which funded increased unemployment insurance amounts and duration, loans and grants to businesses, and funding for state governments.
What is Trump’s net worth today?
2.1 billion USD (2020).
How tall is Donald Trump sons?
Who are Donald Trump’s parents?
Father: Fred Trump Mother: Mary Anne MacLeod Trump
Donald Trump Wikipedia
What’s The Net Worth Of Donald Trump