Donald Trump’s Net Worth and Salary as US President

Donald Trump's Net Worth and Salary as US President
Date of birthJune 14, 1946 (age 74)
Born inQueens, New York, USA
nationalityUnited States
marital statusmarried to Melania Trump (since 2005)
jobEntrepreneurs, politicians, US President
Full nameDonald John Trump
children5 (Ivanka, Tiffany, Eric, Donald Jr., Barron)

How rich is Donald Trump?

Since his election as US President in 2016, everyone around the world was talking about Donald Trump. Entrepreneur, media star, tycoon, and president of the United States since January 20, 2017, one of the most powerful people in the world. He will stay that way until January 20th, 2021, because he has to hand over to his successor Joe Biden. After all, the Republicans lost the 2020 election to the Democrat.

Trump loves to ennoble skyscrapers with his own name. But as a co-owner of the “Miss Universe Organization,” he always has a say in selecting the most beautiful women. His wife Melania Trump was a former model; now she is the USA’s first lady, thanks to Donald. When a journalist claimed that Trump was not a billionaire but – just – a millionaire, the latter sought a defamation lawsuit against him. He himself recently announced that he had assets of more than 10 billion dollars.

“I’m really rich.” In June 2015, Donald Trump confidently presented his wealth to the media: around $ 8.8 billion. Just a few weeks later, he revised the number up to $ 10 billion. The reason for the exaggerated presentation is probably his own view of the brand, which he values ​​at over $ 3 billion. Even Forbes – otherwise grateful for frank information of this kind – rowed back: the business magazine values ​​Trump’s actual fortune less than the president himself does. According to our projections, this is, in any case, very realistic. The estimated net worth of Donald Trump is 2.06 billion euros.

How much money does Donald Trump really have?

A German ancestor laid the foundation for Donald Trump’s wealth, who was born on June 14, 1946. Grandfather Friedrich Drumpf (1869–1918) emigrated from the Palatinate to America in 1885 and became prosperous as a restaurateur. The name Trump came from Drumpf. His son Fred (1905-1999), Donald Trump’s father, increased the family wealth through real estate development, especially in the New York area. At his death, his net worth is said to have totaled $ 300 million. As a successful businessman, Donald Trump built it into an even greater fortune.

Donald Trump grew up in the upscale Jamaica Estates neighborhood in Queens, New York. He received his education at Fordham University in the Bronx and the Wharton School of the University of Pennsylvania. He left the latter in 1968 as an economist with a bachelor’s degree under his belt. He earned his first spurs in his father’s business, Elizabeth Trump & Son’s real estate company. In 1971, he took over the company and renamed it “The Trump Organization” – today, the holding company for a large part of Donald Trump’s real estate business.

The Donald Trump Organization

The Trump Organization – legally a Limited Liability Company (LLC) – operates construction projects worldwide. These can be found in residential construction as well as in the hotel and catering sectors. Investments are also made in casinos and golf courses. Several skyscrapers in New York bear the main actor’s name: the Trump World Tower, the Trump Tower (headquarters of the organization), and the Trump Building. Other buildings with a prestigious name can be found in the rest of North America and Canada. According to Trump, the licensing of his name alone brought almost $ 10 million into the coffers – within a year.

Trump as a brand

Donald Trump successfully applies his name as a brand to a variety of products. Trump Ice bottled water, Trump Chocolate, Trump Vodka, or Trump Steaks … to name just a few. With 17 published books, he also celebrates success as an author. Occasionally he appears as a speaker for the renowned New York training institute “The Learning Annex,” the fee for a one-hour presentation is $ 1.5 million.

Media

With a sense of self-irony, Donald Trump repeatedly appeared on television, including in well-known sitcoms such as “The Nanny” or “The Prince of Bel-Air” alongside Will Smith. He was immortalized as a comic figure in Matt Groening’s animated series “The Simpsons.” His own show, “The Apprentice,” in which candidates can apply for a managerial position in the Trump empire, is also legendary. As the series became more successful, the host’s initial salary increased from $ 500,000 to $ 3 million per episode. In July 2015, Trump said he had received more than $ 213 million in fees from NBCUniversal.

Politics

In mid-June 2015, Donald Trump announced that he would run as the Republican candidate for the US presidency in November 2016. He had already been politically active, but with changing party membership. Hillary Clinton benefited from the wealth of the entrepreneur for many years. The former First Lady and New York Senator were supported by Trump several times; the foundation named after her even received $ 100,000.

On January 20, 2017, the last US President Barack Obama was officially replaced. According to his election promises, Trump also wants to build a good relationship with Vladimir Putin and smooth out Russia and the USA’s tense situation. On November 8th, 2016, Donald Trump was elected as the new President of the USA to be one of the most powerful men on earth until at least 2020. It has long been known that his family also benefits because his daughter Ivanka Trump works as a consultant in the White House. However, it should also be mentioned that Donald Trump’s candidacy also cost a lot of money. Because of his expensive election campaign, his fortune has shrunk by $ 600 million.

The 2020 US presidential re-election was sought against his Democratic opponent Joe Biden. The most exciting election in America was held on November 3, 2020, because the winner Joe Biden’s announcement lasted until November 7 and was extremely close.

Debbie Lentz

Debbie Lentz

Accomplished Global Supply Chain executive with significant experience in the consumer products and retail industries with large brand name firms in the public and private sectors. Strategic and operational, drives change and creates efficiencies through integration of end to end process improvement focused on enhancing the customer experience and fostering company growth. Collaborative leader with high integrity who builds talented, results-oriented teams.

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