The Net Worth of Donald Trump comes from his Real Estate businesses, Royalty from Brand Name and Personal Investments. Donald Trump Net Worth has seen a hike of 12% over the past two years. Donald Trump won the general election on November 8, 2016, in a surprise victory against Democratic candidate Hillary Clinton. He became the oldest and wealthiest person to assume the presidency. While calculating the Net Worth of Donald Trump, we have included the data updated as of this Quarter. Also checkout more Net Worth Details of Donald Trump such as his cars, house etc.
Donald Trump Net Worth
|Estimated Net Worth||$4.6 Billion|
|Cars Owned – 18||$49 Million|
|Houses – 14||$346 Million|
Donald Trump Cars included in his Net Worth
The Car collection of Donald Trump is quite large. He owns few of the best luxury cars in the world. The Car brands owned by Donald Trump include Bentley, Mercedes, Rolls Royce etc.
Donald Trump House Included in his Net Worth
Trump Tower is a 58-story, 664-foot-high (202 m) mixed-use skyscraper located at 721–725 Fifth Avenue between 56th and 57th Streets in Midtown Manhattan, New York City. Trump Tower serves as the headquarters for The Trump Organization and houses the penthouse condominium residence of U.S. President Donald Trump.
Designed by Der Scutt, the Trump Tower was constructed on the site of the former Bonwit Teller flagship store, an architecturally renowned building that was built in 1929.
Trump Tower was the setting of the NBC television show The Apprentice, including the famous boardroom where at least one person was fired at the end of each episode. The boardroom, which was prominently featured in the television show, incorporates a fully functional television studio set inside Trump Tower.
Donald Trump, 45th President of the United States; his wife Melania; and their son Barron live on the penthouse floors. The tower is their main residence , among the Trump family’s other homes at Mar-a-Lago in Florida; Seven Springs in Bedford, New York; a part of an estate in Charlottesville, Virginia.
Donald Trump Biography
Trump was born on June 14, 1946, at the Jamaica Hospital Medical Center in the Jamaica neighborhood of Queens, New York City.
Trump is of paternal German ancestry and maternal Scottish ancestry. His mother and all his grandparents were born in Europe. His paternal grandparents were immigrants from Kallstadt, Germany, and his father, who became a New York City real estate developer, was born in the Bronx.
Trump attended Fordham University in the Bronx for two years, beginning in August 1964. He then transferred to the Wharton School of the University of Pennsylvania in Philadelphia, which offered one of the few real estate studies departments in United States academia at the time.
Trump married his first wife, Czech model Ivana Zelníčková, on April 7, 1977, at the Marble Collegiate Church in Manhattan in a ceremony performed by one of America’s most famous ministers, the Reverend Norman Vincent Peale.
Trump says that he has never smoked cigarettes or consumed other drugs, including marijuana. He also does not drink alcohol, a decision stemming from his brother’s early death, caused by alcoholism.
In 1971 Trump took over the family real estate firm, Elizabeth Trump & Son, and renamed it The Trump Organization. He greatly expanded its real estate operations as well as venturing into numerous other business activities. It eventually became the umbrella organization for several hundred individual business ventures and partnerships
The Trump Organization operates many golf courses and resorts in the United States and around the world. The number of golf courses that Trump owns or manages is about 18, according to Golfweek.
Trump’s personal financial disclosure with the Federal Elections Commission stated that his golf and resort revenue for the year 2015 was roughly $382 million.
Trump has never filed for personal bankruptcy, but his hotel and casino businesses have been declared bankrupt six times between 1991 and 2009 in order to re-negotiate debt with banks and owners of stock and bonds.
Because the businesses used Chapter 11 bankruptcy, they were allowed to operate while negotiations proceeded. Trump was quoted by Newsweek in 2011 saying, “I do play with the bankruptcy laws – they’re very good for me” as a tool for trimming debt.
Trump was listed on the initial Forbes List of wealthy individuals in 1982 as having an estimated $200 million fortune, including a share of his father’s estimated $200 million net worth.
Trump has twice been nominated for an Emmy Award and has made cameo appearances in 12 films and 14 television series.
In 2003, Trump became the executive producer and host of the NBC reality show The Apprentice, in which a group of competitors battled for a high-level management job in one of Trump’s commercial enterprises. Contestants were successively “fired” and eliminated from the game. For the first year of the show, Trump earned $50,000 per episode (roughly $700,000 for the first season), but following the show’s initial success, he was paid $1 million per episode.
Trump is a WWE (World Wrestling Entertainment) fan, and a friend of WWE chairman and CEO Vince McMahon. In 1988–89 Trump hosted WrestleMania IV and V at Boardwalk Hall (dubbed “Trump Plaza” for storyline purposes) and has been an active participant in several of the shows. He also appeared in WrestleMania VII, and was interviewed ringside at WrestleMania XX.
Trump considered the idea of running for president in 1988, 2004, and 2012, and for Governor of New York in 2006 and 2014, but did not enter those races.
Trump’s political party affiliation has changed numerous times over the years. Trump’s political party affiliations prior to 1987 remain unclear, though Trump was an early supporter of Republican Ronald Reagan for United States President in the late 1970s.
Trump’s first major real estate deal in Manhattan was the remodeling of the Grand Hyatt Hotel in 1978, located next to Grand Central Terminal. The building was remodeled from an older Commodore Hotel, and was largely funded by a $70 million construction loan jointly guaranteed by Fred Trump and the Hyatt hotel chain.
Trump acquired the historic Mar-a-Lago estate in Palm Beach, Florida, in 1985 for $5 million, plus $3 million for the home’s furnishings. It was built from 1924 to 1927 by heiress and socialite Marjorie Merriweather Post, who envisioned the house as a future winter retreat for American presidents.
In addition to using the home for this purpose, Trump also turned it into a private club with membership fees of $150,000. At about the same time, he acquired a condominium complex in Palm Beach with Lee Iacocca that became Trump Plaza of the Palm Beaches.
Trump has licensed his name and image for the development of a number of real estate projects including two in Florida that have gone into foreclosure.
Trump also licensed his name to son-in-law Jared Kushner’s fifty-story Trump Bay Street, a Jersey City luxury development that has raised $50 million of its $200 million capitalization largely from wealthy Chinese nationals who, after making an initial down payment of $500,000 in concert with the government’s expedited EB-5 visa program, can usually obtain United States permanent residency for themselves and their families after two years.
Trump has marketed his name on a large number of building projects as well as commercial products and services, achieving mixed success doing so for himself, his partners, and investors in the projects.
In 2011, Forbes‘ financial experts estimated the value of the Trump brand at $200 million. Trump disputed this valuation, saying his brand was worth about $3 billion.
On June 16, 2015, Trump announced his candidacy for President of the United States at Trump Tower in New York City. In the speech, Trump drew attention to domestic issues such as illegal immigration, offshoring of American jobs, the U.S. national debt, and Islamic terrorism, which all remained large themes during the campaign. He also announced his campaign slogan, “Make America Great Again”.
Donald Trump Net Worth Growth Estimate
The Net Worth and Income of Donald Trump is expected to continue to grow at a staggering pace. For the next two years, Donald Trump’s net worth is likely to grow by around 29%.