Donald Trump’s net worth revealed: How rich is the 45th President of the United States?

As one of the most controversial figures of the 21st century and the 45th President of the United States, Donald Trump’s net worth is a topic of great interest. While he leads his 2024 presidential campaign, we couldn’t help but wonder just how much he’s worth, so we took a deep dive into his finances, various controversies, and personal life.

Who is Donald Trump?

Donald Trump is an American businessman, television personality, and politician who served as the 45th President of the United States from 2017 to 2021. Before his political career, Trump was widely known for his real estate empire and his role as the host of the reality TV show The Apprentice. His outspoken personality and controversial statements have made him a polarizing figure in American politics and media.

Donald Trump has secured the Republican National Committee’s nomination for the 2024 US Presidential election, selecting Ohio Senator JD Vance as his running mate. As things stand, he will face Kamala Harris as his opponent, as the current President of the United States, Joe Biden, dropped out in mid-July.

Full speech: Donald Trump accepts the Republican nomination at 2024 RNC | USA TODAY

What is Donald Trump’s net worth?

Over the years, there were various estimates of Donald Trump’s net worth. Forbes currently suggests that he’s worth $5.7 billion, while Bloomberg estimates his wealth at a much higher figure of $6.37 billion.

Donald Trump’s tax returns

Both as a presidential candidate and later as president, Donald Trump refused to publicly release his tax returns, which would reveal his income, sources, and tax details. Although the New York Times published some of his tax return information in September 2020, it didn’t clarify his net worth.

Trump was required to submit annual financial disclosures as president and now faces similar requirements as a 2024 candidate. As of June 10, 2024, he hasn’t submitted his 2024 disclosure to the FEC, which granted him an extension until July 1, 2024. These disclosures use estimates and broad ranges, such as valuing Mar-a-Lago over $50 million and Trump Media & Technology Group between $5 million and $25 million in his April 2023 filing.

How did Donald Trump get rich?

Donald Trump built his wealth through a combination of inheritance, real estate development, and various business ventures. That said, here’s a closer look at how he made his money:

• Inheritance: Trump inherited a significant sum from his father, Fred Trump, a successful real estate developer;

• Real estate development: Trump made his mark by developing and acquiring high-profile properties, including Trump Tower in New York City, numerous hotels, and casinos in Atlantic City;

• Licensing and branding: The Trump name became a valuable brand, allowing him to license it to various businesses, from clothing lines to bottled water. Additionally, Trump has used his branding to raise funds for his campaign by selling a variety of items. In December 2022, Trump launched a series of digital trading cards (NFTs), which quickly sold out. Moreover, his campaign has sold branded items like the Make America Great Again bibles, as well as a range of merchandise, including hats, shirts, sneakers, and other apparel featuring the MAGA slogan and Trump imagery;

• Entertainment: Trump gained fame and fortune as the host of The Apprentice, earning substantial income and further enhancing his brand;

• Golf courses: Trump owns and operates several prestigious golf courses around the world, contributing significantly to his wealth;

• Truth Social: A significant portion of Trump’s wealth comes from his shares in Trump Media and Technology Group, which owns the social media platform Truth Social (NASDAQ: DJT) that went public earlier this year. Trump holds 114.75 million shares and 36 million earnout shares, adding about $1.2 billion to his net worth, according to Bloomberg. Forbes values his stake in Trump Media at approximately $5.6 billion. However, after the assassination attempt on his life, the value of Trump’s shares dropped by 60%;

• Other ventures: Trump has been involved in numerous other business ventures, including beauty pageants, steaks, and even a short-lived airline.

Donald Trump’s assets

As detailed by Forbes, Trump’s wealth as of May 2024 comprised:

• Trump Media and Technology Group: $5.6 billion;
• Real estate: $1.1 billion;
• Golf clubs and resorts: $810 million;
• Cash and other assets: $410 million;
• Other assets: $100 million;
• Legal liabilities: -$540 million.

Donald Trump: The Game (1988)

Controversies and personal life

It’s no secret that Donald Trump’s business career and personal life have been marred by controversies and legal battles. Some of the most notable controversies include:

• Bankruptcies: Several of Trump’s casinos and businesses have filed for bankruptcy, raising questions about his financial acumen;

• Lawsuits: Trump has been involved in numerous lawsuits, ranging from business disputes to defamation cases;

• Political scandals: His presidency was marked by numerous investigations, including the Mueller investigation into alleged Russian interference in the 2016 election.

When it comes to Trump’s personal life, it’s safe to say that it’s just as eventful as his business and political career. Namely, the former US president was married three times, fathering five children.

He married his first wife, Ivana Trump, in 1977, and they had three children: Donald Jr., Ivanka, and Eric, before divorcing in 1992. Trump then married Marla Maples in 1993, with whom he has a daughter, Tiffany; they divorced in 1999. In 2005, he married Melania Knauss, and they have a son, Barron.

His personal life has also been controversial, with allegations of extramarital affairs, including those involving adult film actress Stormy Daniels and model Karen McDougal, garnering significant media attention.

Assassination attempt

On July 13, 2024, Donald Trump survived an assassination attempt while speaking at a campaign rally near Butler, Pennsylvania. The investigation is still ongoing, but Trump has already resumed his campaign activities with full force.

Video shows moment of Trump assassination attempt at rally

The bottom line

Despite controversies and legal battles, Trump has managed to maintain a significant fortune, making him one of the wealthiest individuals to have ever held the office of President of the United States. Forbes and Bloomberg estimate his net worth to be between $5.7 billion and $6.37 billion, though Trump frequently claims that his net worth is over $10 billion, citing this as the most accurate figure.

Featured image:

Elkowitz, Jonah M. National Harbor, MD, USA – February 24, 2024. Digital Image. Shutterstock.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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