Donald John Trump was born on June 14, 1946. He was the 45th president of the USA in 2017-2021. He was previously known as a media personality and entrepreneur. However, there are questions about the wealth of the current US president. Many authorities and organizations have tried to estimate Donald Trump's wealth, offering different figures up to 10 billion dollars.
Meanwhile, Forbes estimates Donald Trump's net worth at $2.5 billion as of April 2023, although Trump claimed at the time that this was higher than the estimate. It should be noted that Donald Trump's wealth has increased as a result of gifts, loans and property received from his parents. The inheritance he inherited from his father served to increase his net worth. Despite the support of his parents, Donald Trump has been making some bold decisions on the business front that have affected his net worth.
With loans, Donald Trump invests in real estate, hotels, casinos, golf courses, conglomerate licensing, fundraising and many other products known to his name. The former president used his real estate venture to own several commercial and residential properties around the world. Also, income from his licensing ventures earns Donald Trump millions of dollars and contributes to his net worth. During his presidency in the United States, Trump emerged as one of the richest officials.
Over the years, Donald Trump's fortunes have fluctuated due to his controversial numbers and the many losses he has recorded throughout his career. During his lifetime, Donald Trump participated in more than 4,000 court proceedings, which forced him to pay a certain amount of fines and damages. Also, some of his controversies have cost him many deals and endorsements.
Donald Trump Net Worth 2016-2023
| the year | net income |
|---|---|
| 2016 | $4,500,000,000 |
| 2017 | $3,500,000,000 |
| 2018 | 3, 100,000,000 dollars |
| 2019 | $2,480,000,000 |
| 2020 | 2,500,000,000 dollars |
| 2021 | 2, 100,000,000 dollars |
| 2022 | 3,000,000,000 dollars |
| in 2023 | 2,500,000,000 dollars |
young people
Born the fourth child of Fred and Mary Trump, Donald is of German-Scottish descent. Along with his other siblings, Trump attended Kew-Forest Private School from kindergarten through seventh grade. His academic journey led him to enter the New York Military Academy at the age of 13. In 1964, he entered Fordham University. Two years later, he transferred to the Wharton School of the University of Pennsylvania.
It should be noted that Donald Trump's father, Fred, is a successful businessman in the field of real estate. Donald Trump's wealthy background made it easy for him to become a millionaire at the age of eight (8). Thanks to his share of the family fortune, Trump entered the Forbes list of the richest people for the first time in 1982, along with his father. Fred made his fortune selling houses with his mother through Elizabeth Trump & Son. The company built most of the single-family homes in Queens. The company quickly owned and controlled more than 27,000 rental properties on the East Coast, mostly in neighboring New York.
After graduating from college, Trump worked at his father's company. Later, the company changed its name to "Trump Organization". That's where Donald Trump made his fortune, laying the foundation for his current net worth. But he lost most of his fortune in 1980, which prevented him from appearing on the Forbes list in 1990. During this period, Donald Trump lost up to 2 billion dollars from the value of the US dollar at that time.
Inheritance and family loans
On various occasions, Donald Trump has tried to downplay his significant contribution to his father's net worth. Many saw this move as an attempt to pretend to be a billionaire. After all, it seems that Donald Trump was motivated to become a billionaire by his father's wealth. For example, in 1976, Fred Trump established a $1 million trust fund for his five children and three grandchildren. As a result, Donald Trump receives an annual dividend from the rental income of his father and grandmother's real estate company and the profits from the sale of real estate. In 1980-1981, Donald Trump received more than $300 million from the Trust Fund.
So since Fred Trump's death in 1999, Donald has received more than $413 million in inheritance and trust income. In addition, Donald Trump collected various loans in the amount of at least 60 million dollars. He received most of the loans from his father as support to start his own company. According to reports, Donald Trump defaulted on most of the loans. There is a gap in the information related to loan repayment. Donald Trump claimed that he paid the loan with interest on different occasions. The results show that Fred Trump has directed some of his wealth to Donald in various ways.
Learning and Trump University
Donald Trump's net worth is heavily influenced by his earnings from The Apprentice. He is partnering with Mark Burnett to begin production on NBC's The Apprentice. The American reality show evaluates the business skills of contestants who compete in groups. At the beginning of the show, NBC offered Donald Trump about 50% of the show's revenue. Over 15 seasons from 2004-2017, Donald earned approximately $197.3 million from the contract. The show was attended by such celebrities as George H. Ross, Caroline Kepcher, Bill Rancic, Ivanka Trump, Donald Trump Jr., Eric Trump, Sean Yazbeck, and Arnold Schwarzenegger.
At the show's peak in 2005, the billionaire earned more than $48 million. Additionally, outside of the deal, Donald Trump earned $230 million in endorsement and licensing deals as a result of the event. In total, the business mogul earned $427.4 million from the show. Trump paid $70.1 million in federal taxes between 2005 and 2007 thanks to extraordinary earnings from the show. Donald Trump hosted the show for fourteen (14) seasons before finally being fired for his comments about Mexican immigrants when he announced his intentions. . to be a candidate. to the presidency of the United States of America.
Also in 2004, Donald Trump co-founded Trump University. The company offers real estate internship programs for interested students ranging from $1,500 to $35,000. The organization caused so much controversy that in 2010 it was forced to change its name to the Trump Entrepreneurs Initiative. New York state officials subsequently wrote to the organization, stating that the organization violated its charter by using the word "university." the organization is not approved to provide direct training or instruction. . A series of controversies forced the company to pack its bags in 2011.
Books and Institutions
Donald Trump, in addition to his business and political activities, is also known as an author and writer. The billionaire has written and authored books such as Trump Tower and Trump. The Art of the Deal, Why We Want You to Be Rich, The Midas Touch, Trump; How to get rich, think big and be stupid. our journey in business and life. Most of his books reflect his business and political views.
In 1988, Donald Trump founded his charity foundation. During the first two decades after its establishment, he was a frequent donor to the foundation. According to various sources, he has given the foundation more than 3 million dollars since 2000. In 2008, Donald Trump stopped donating to the foundation and closed it ten (10) years later. However, the foundation was still accepting donations from individuals and other organizations until it ceased operations.
The foundation is closely monitored by New York officials for its operations. The New York Attorney General's Office sued the foundation for continuing illegal activities. The Attorney General has accused the foundation of donating to the campaign on behalf of Donald Trump. Among the allegations is the foundation's failure to comply with annual audit approval rules. A year after leaving office, Donald Trump had to pay a $2 million fine for misusing the foundation for business and political purposes.
boss salary
While in office, Donald Trump received an annual salary of $400,000, plus $50,000 in expenses. The salary of the president of the United States is calculated so that the president does not accept bribes. The Congress allocated 19 thousand dollars for the official reception of the president and related expenses. Additionally, the first presidential family received $100,000 to renovate their White House residence during their tenure. However, Donald Trump donates most of his salary to various charities.
Currently, as a former president, Donald Trump is demanding various financial compensations, including an annual pension of $211,000. In addition, Donald Trump receives up to $1 million in travel reimbursements annually. As a former president, the billionaire receives $150,000 a year for staff and office relocation expenses. In addition, he earned $34,000 for communications and other expenses and $159,000 for unspecified services. In total, Donald Trump as a former president will earn 900 thousand dollars.
Donald Trump's luxury cars and mansions
Of course, Donald Trump is a fan of a lavish lifestyle. He has made it clear from time to time with many luxury cars and apartments in his name. According to various sources, the former president has 6 residences. One of them is the three-story penthouse in Trump Tower. We were informed that this penthouse was the main residence of the former president from 1983 to 2019. This stunning apartment is valued at $64 million, according to Forbes.
He also owns a 28,322 square foot home in Bedford, New York. According to our research, the apartment is folded into at least 60 rooms. He bought it in the 1990s for about $7.5 million. The former president reportedly listed the mansion as a tax-evading investment. Apart from these apartments, he has several buildings in major cities of the country.
It should be noted that Trump's garage is also full of luxury cars. One of them is the Cadillac 'Trump' limousine modeled after a collaboration with Cadillac. Emblem, seats, etc. including Trump's name emblazoned all over the car. In addition, the former president also owns a 1997 Lamborghini Diablo VT Roadster. Like the Cadillac 'Trump' Limousine, this car also bears Trump's signature. Other cars in his garage include a McLaren Mercedes SLR and a 1956 Rolls-Royce Silver Cloud.
Is Donald Trump a cryptocurrency expert?
Donald Trump has made no secret of his skepticism about Bitcoin and other forms of cryptocurrency. The former president has made some negative comments about the largest cryptocurrency by market cap, especially during his tenure. In one of his tweets in 2019, Trump claimed that he was never a fan of BTC and other cryptocurrencies. He said that cryptocurrencies should not be considered money due to their volatility and being created in a "vacuum".
I am not a fan of Bitcoin and other cryptocurrencies, they are not money and their value is very volatile and depends on the weather. Unregulated crypto-assets can facilitate illegal behavior, including drug trafficking and other illegal activities.
— Donald J. Trump (@realDonaldTrump) July 12, 2019
It is worth noting that this post has generated a lot of reactions, especially from major players in the cryptocurrency industry. One of the respondents to the article is Brian Armstrong, the CEO of the famous cryptocurrency exchange Coinbase. Armstrong expressed disappointment that the president is against BTC. His tweet reads: "Acquisitions are closed. I had a dream that the sitting president of America would have to respond to the rise in the use of cryptocurrencies years ago. First they ignore you, then they laugh at you, then they fight you, then you. Win. We are now in phase 3."
Trump's comments about BTC did not go down well with some of his ardent supporters of the cryptocurrency. Over time, and especially during the presidency of the United States, some of these supporters have attempted to develop Trump-inspired cryptocurrencies such as TrumpCoin, USACoin, and others. One even offered to convince Trump about BTC after he got angry over the token. In a now-deleted post, one Trump supporter identified as Preston Byrne wrote: “Hey, I'm the only person in the crypto industry who voted for you (or admitted it). Can I convince you otherwise?
Although the Trump family has distanced itself from TrumpCoin and its developers, calling it a scam. In a tweet by Donald's son Eric, he warned his followers not to invest in memecoin, calling it a scam. He wrote: "Fraud warning. we have learned that someone is promoting a cryptocurrency called "TrumpCoin" (symbol: "TRUMP"), which is not related to our family, we do not endorse its use and are in no way affiliated with it. . group Legal measures will be taken."
In 2021, Trump reiterated his bad feelings about Bitcoin. Speaking to Stewart Varney on Fox Business, he called Bitcoin a scam. Justifying his hatred of cryptocurrencies, Trump said: "I don't like it because it's another currency that competes with the dollar. I want the dollar to be a world currency. I always say that.'
Surprisingly, despite Trump's anti-cryptocurrency stance, his wife Melanie is a fan of Bitcoin. The former first lady has a different attitude to the poster. He has repeatedly tweeted about cryptocurrencies, expressing optimism about their potential. In early 2022, Melanie was featured in one of her tweets on BTC's website to celebrate her 13th birthday. At the time, the Bitcoin community also noted the token's all-time high hash rate.
Bitcoin's market capitalization is widely reported to have surpassed $1 trillion. Today is the 13th anniversary of the Bitcoin Genesis Block. Happy birthday #SatoshiNakamoto #MelaniaNFT pic.twitter.com/aZqNJFcZmd
— Melania Trump (@MELANIATRUMP) January 3, 2022
So, Melanie's public congratulations on BTC surprised the Twitter community. Before putting up the poster though, the former first lady unveiled a collection of NFTs known as Heads of State. It should be noted that the collection was released in the Solana network. The tokens were then auctioned off at 1 SOL, which was just over $180 at the time. Meanwhile, it's interesting that Melanie's NFT launch hasn't prompted Trump to soften his stance on cryptocurrency. However, he congratulated his wife on her heresy and said "it will be very good".
However, on the eve of the 2024 US presidential elections, there are signs that Donald Trump will try to be elected president again. According to many sources, the former president has made it clear that he is interested in his Republican colleagues. He also addressed the crowd in Texas about his plans to return to the White House in 2024.
