How Lavish Is The Life Of First Billionaire President Donald Trump?
President Donald Trump is estimated to have a net worth of around $3.1 billion according to Celebrity Net Worth, whereas, The Richest claims his net worth to be approximately $3.5 billion.
As per several sources, his fortune is in between $2.5 million to $3.5 billion. He accumulates his huge fortune from his career as an American politician, real-estate developer, an author, and a TV personality.
|2013 – 14||$3.1 billion|
Donald Trump is the current 45th president of the United States of America. He took over the position of Barack Obama and defeating his candidate Hilary Clinton in November 2016.
At the time, he entitled the chair with a salary of around $400 thousand per year in 2016. His salary increased dramatically and is earning around $60 million per year as of 2019 through his diverse career.
Interesting Fact: When Donald Trump announced that he was running for the President, he revealed data that he has an estimated personal wealth of $9.7 billion. Moreover, various analyst claims his net worth to be $3 million to $9 billion.
As of 2019, a verified source Forbes billionaires verified Trump’s net worth at around $3.1 billion which made him the 715th richest persona in the world and 295th richest in the United States.
Donald Trump Income Sources
Donald Trump As The President Of The United States
As above discussed, he receives a salary of around $400 thousand for handling the position of the President in the United States of America. After taking the oath, in 2016, he promised that he would only take one dollar salary similar to Larry Page, Arnold Schwarzenegger, Michael Bloomberg, Elon Musk, among many others. But it was discussed that Trump taking only $1 salary.
Did You Know? Donald Trump raised over $957.6 million for the presidential campaign. Here are the full details.
For the first three months, he donated his salary to the National Park Service.
Donald Trump As A Brand
Donald Trump inherited his father’s business after his father died in 1999. A source reported that he got a fortune of around $60 million at that time.
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Trump further adds huge money to his net worth from his investments in several businesses and real estate. After his inheritance of his father’s real estate company, The Trump Organization.
Interesting fact: In 1968, at the time of his graduation, Trump received around $1 million as the untaxed gifts from his father.
Trump’s first investment as per Wikipedia was an unsuccessful investment into a commercial foray of around $70 thousand at the age of 23.
Regarding his total investments in business ventures including hotels, golf resorts, and other properties, his total assets cost totals $6.1 billion as of 2019 excluding approximately $116 million in financial investments and $663 million in miscellaneous funds.
So far, he has the millions and billions of investments according to his Trump’s disclosure documents. According to the same source, he has around 170 employment assets and 326 other assets. Moreover, out of those, his 20 to 30 assets are listed over $50 million.
|Trump’s Business and assets||Business Values|
|Trump Tower Triplex||$70 million|
|Trump’s 1290 Avenue of the Americas||$2.1 billion|
|Trump’s Spring Creek Towers||$1.2 billion|
|Trump’s International Hotel||$229 million|
|Trump’s 40 Wall Street||$517 million|
|Trump’s Tower||$386 million|
|Trump’s National Doral Miami Gold Resort||$276 million|
|Mar-a-Lago Club LLC||$290 million|
|Trump Tower Commercial LLC||$470 million|
|Trump National Golf Club – Washington DC||$200 million|
Some of his other miscellaneous assets which list over $50 million are other golf courts in Westchester, Colts Neck and Scotland, 401 North Venture Wabash LLC, Trump Turnberry, The Trump Corporation, and many others.
Trump University And Foundation
Trump ran an American for-profit education company from 2005 to 2010. The Trump University offered courses relating to real estate, wealth creation, entrepreneurship, under the cost of around $1,500 to $35,000 per course.
Later, Trump and his university were filed a civil lawsuit calming that the Trump University made a false claim and defraud consumers with the name ‘University’ in 2013. He was also liable to change the name, Trump University to Trump Entrepreneurial Institute.
Back in 1988, he also established a US-based private foundation with the initial purpose of giving away the book Trump: The Art of the Deal.
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Professional Sports And Beauty Pageants
Furthermore, a reliable site reported that Trump is making over $70 million to $80 million from his licensing and branding deals. To date, he has signed many professional sportspeople including Doug Flutie for $7 million which made him the highest-paid pro football player in 1985.
Also, he tried to purchase the Cleveland Indians back in 1983 for $13 million but was denied even after increasing the offer to $34 million.
Besides that, Trump also earns from organizing several boxing championships, cycling stage race, and many other programs. He has even hosted the 1988 fight of Mike Tyson.
Apart from that, for around 19 years, Trump owned beauty pageants Miss Universe, Miss USA, and Miss Teen USA. He was the owner of the franchise from 1996 to 2015. Moreover, in 1999, he launched his modeling company, Trump Model Management which was also deliquesced after two years of selling the fashion industry.
Income As An Investor
Although Trump says that he was not enthusiastic to be a stock market provider, Trump has invested around $70 million of his income in share, stocks, bonds, funds, and other holdings.
His investments as of 2019 lists:
|Advantage Plus||$1 million to $5 million|
|AG Diversified Funds||$1 million to $5 million|
|MidOcean Credit Opportunities||$2 million|
|Paulson & Co.||$4 million|
|Angelo, Gordon & Co.||$5 million|
|Obsidian Fund||$25 million to $50 million|
|Baron Capital Management||$16.2 million|
In 2015, he revealed a report that he collected over $22 million from his $16.2 million investment in Baron Capital. He further reported that he was currently holding the physical gold worth between $100 thousand to $250 thousand.
He mainly earns from his big investments in Bank of America Corporation, The Boeing Company, Facebook Inc. His investments have earned him:
|Investment||Income from Investments|
|Bank of America Corporation||$6.7 million|
|The Boeing Company||$3.96 million|
|Facebook Inc||$3.85 million|
In the like manner, he made somewhere between $33.4 million to $87.9 million back in 2015 which he reinvested in Coca-Cola, Nike, Apple Inc, Google, Johnson & Johnson, Facebook, Verizon Communications, and many others.
A source revealed that he is accounted to have invested around $78 million in several stocks, bonds, hedge funds, and financial market investments.
|No. of Investments in Companies||Bank Accounts||Cash Worth|
|32||Barclays account||$49,021 and $396,001|
|31||Oppenheimer||$10,380,031 and $33,301,000|
|60||JPMorgan||$1,251,008 and $2,617,000|
Indeed he surely is making half of his income from the investments and shares returns.
Donald Trump As A TV Personality
Besides his presidency and investments, Donald Trump also makes his income for his celebrity appearances. His annual salary from the apprentice is reported to be $60 million per year.
|2003||Salary from The Apprentice||$50 thousand per episode|
|2004||Salary from The Apprentice||$375 million per season|
|2011||Income from the Appearance||$32 million|
|2013||Salary from The Apprentice||$3 million per episode|
|2015||Income from the Appearance||$213.6 million|
Besides that, he has also made an appearance in movies and TV series like Ghosts Can’t Do It, The Nanny, Eddie, Zoolander, Marmalade, Home Alone 2: Lost in New York, 54, NightMan, and many others.
He has also produced TV series including The Apprentice, The Girls of Hedsor Hall, Pageant Place, and others.
Where Does President Donald Trump Live?
He is currently staying at The White House which is obviously not his own property. He owns few lavish mansions which are listed below:
|Beverly Hills, California||$25 thousand for rent||6 bedrooms|
|Mar-a-Lago||Purchased in 1985 for $7 million||N/A|
|Seven Springs||$7.5 million||Indoor pool, 60 rooms, 39 thousand square feet, 13 bathrooms, 12 bathrooms|
|Trump Parc, 106 Central Park South||$100 thousand for rent||38-story Trump Parc condominium skyscraper|
|Trump Tower penthouse||$100 million||3 stories, gold-trimmed furniture, marble floors|
Moreover, his previous residences include:
|Queens House||New York City||24 rooms brick|
|Manhattan penthouse||Phoenix, Upper East Side Manhattan||Penthouse apartment|
|Greenwich mansion||Greenwich, Connecticut||20,000 square feet purchased for $4 million|
|Trump Vineyard Estates||Virginia||23,000 square feet, 45 rooms|
His drool-worthy car collection includes:
|2003 Mercedes-Benz SLR McLaren||$450 thousand|
|2015 Mercedes-Benz S600||$142 thousand to $168 thousand|
|1956 Rolls-Royce Silver Cloud||$600 thousand|
|2015 Rolls-Royce Phantom||$450 thousand|
|2011 Chevy Camaro Indy 500 Pace Car||$46 thousand|
|24-Karat Gold Orange County Chopper||$50 thousand to $150 thousand|
|2016 Cadillac Escalade||$62 thousand|
|Tesla Roadster||$200 thousand to $250 thousand|
|Mercedes-Maybach S600||$353 thousand to $406 thousand|
|Cadillac Presidential Limo “The Beast”||$1.5 million|
|1993 Cadillac Allante||$59 thousand to $77 thousand|
Moreover, he previously owned cars like a 1997 Lamborghini Diablo VT for $299 thousand, 2007 Ferrari F430 ($82 thousand to $141 thousand) and many others.
The aircraft was worth around $65 million to $80 million in 2002. Although Boeing 757-200 costs only $65 million, he spent around $100 million for the customization.
He has his jet equipped with Rolls Royce B211 turbofans, 43 seats, a dining room, bathroom, shower, bedroom, guest room, where most of the tongs are plated with 24-carat gold.
Previously, he was the proud owner of a Boeing 727. He owned the aircraft from 1997 to 2011. Trump bought the plane from Diamond Shamrock Corp. At the present market, the aircraft is available for $22 million but the one used by Trump himself as his private jet was scrapped in 2017 at Montreal-Mirabel International Airport.
Some of his other not exactly impressive but impressive jet collection includes Cessna Citation X ($23.3 million), and Sikorsky S-76 Helicopter ($13 million).
Interesting Fact: Donald Trump also owns a 282 feet yacht which cost him around $29 million back in 1987.
The Dispute On Donald Trump’s Net Worth
Indeed Trump claims his net worth to be $3 billion to $9 billion but sources claim it to be around $10 billion.
As per a reliable site, his fortune is only around $3.5 billion from which, he holds the assets worth $1.4 billion and has a debt of over $265 million.
He took the loan to purchase about 4 properties. He credited more than $50 million for buying and establishing Trump Tower, 40 Wall Street, Trump National Doral, and Trump International Hotel, Chicago.
|Debt / Mortgage||Estimated price|
|Trump Tower||$50 million to $260 million|
|40 Wall Street||$50 million to $262 million|
|Trump National Doral||$50 million to $175 million|
|Second Loan of Trump National Doral||$5 million to $25 million|
|Trump International Hotel Springing Loan||$50 million|
|Trump International Hotel Chicago Term Loan||$25 million to $50 million|
|Trump Plaza||$5 million to $25 million|
After summing up, Trump has an estimated debt of a minimum of $315 million to a maximum of $1.1 billion. He lost $1 billion in 10 years sue to drowned investments and amateur tactics.
Don’t Forget: Donald Trump’s infamous and biggest tax fraud of all time.