|Former salary as President of USA||$400,000/year|
|birth date||June 14, 1946 (76 years old)|
|Born in||Queens, New York, USA|
|Marital status||married to Melania Trump (since 2005)|
|Profession||Entrepreneur, politician, US President|
|Full name||Donald John Trump|
|Children||5 (Ivanka, Tiffany, Eric, Donald Jr., Barron)|
How rich is Donald Trump?
Since his election as US President in 2016, he has been on everyone’s lips worldwide: Donald Trump Entrepreneur, media star, tycoon and 45th President of the United States from January 20, 2017 to January 21, 2021 . On January 20, 2021, he officially handed over office to his Democratic successor Joe Biden , who had won the 2020 US election against the Republican.
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 the choice of the most beautiful women. His wife Melania Trump was a former model and, thanks to Donald, the first lady of the United States for four years. When a journalist claimed that Trump was not a billionaire but – just – a millionaire, the latter pursued a defamation lawsuit against him. He himself recently announced that he had assets of more than $10 billion.
“I’m really rich.” In June 2015, Donald Trump self-confidently presented his wealth to the media: around 8.8 billion dollars. Just a few weeks later, he revised the number up to $10 billion. The reason for the exaggerated representation is probably his own view as a brand, which he values at over 3 billion dollars. Even Forbes – otherwise grateful for candid information of this kind – backtracked: the business magazine underestimates Trump’s actual wealth than the former president does himself. According to our projections, this is definitely very realistic. Donald Trump ‘s estimated net worth is $3.03 billion .
How much money does Donald Trump really have?
A German ancestor laid the foundation for the wealth of Donald Trump, born on June 14, 1946. Grandfather Friedrich Drump (1869-1918) emigrated from the Palatinate to America in 1885 and became prosperous here as a restaurateur. In the process, Drump became the name Trump. His son Fred (1905 – 1999), Donald Trump’s father, increased the family’s wealth through real estate development, especially in the New York area. At the time of his death, his fortune was said to have totaled $300 million. Donald Trump built it up as a successful businessman to an even greater fortune.
Donald Trump grew up in the upscale Jamaica Estates neighborhood in the New York City borough of Queens. He received his education at Fordham University in the Bronx and at the Wharton School of the University of Pennsylvania. He then left the latter in 1968 as an economist with a bachelor’s degree in his pocket. He earned his first spurs in his father’s business, the real estate company Elizabeth Trump & Son. He then took over the company in 1971 and renamed it The Trump Organization , now the parent company for much 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. Casinos and golf courses are also investments. Several skyscrapers in New York bear the name of the main player: the Trump World Tower, the Trump Tower (headquarters of the organization) and the Trump Building. Other buildings with the 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 dollars into the coffers – within a year.
Trump as a brand
Donald Trump successfully applies his name as a trademark to a variety of products. Trump Ice bottled Water, Trump Chocolate, Trump Vodka or Trump Steaks… just to name a few. He is also a successful author with 17 published books. He occasionally 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.
With a sense of self-mockery, Donald Trump has repeatedly appeared on television, including in well-known sitcoms such as “The Nanny” or “The Fresh Prince of Bel-Air” alongside Will Smith . He was immortalized as a comic book character 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 grew, the host’s starting fee increased from $500,000 to $3 million per episode. In July 2015, Trump said he received more than $213 million in fees from NBCUniversal .
In mid-June 2015, Donald Trump announced that he would run as the Republican candidate for the US presidential election in November 2016. He had already been politically active before, but with a changing party membership. Hillary Clinton benefited from the entrepreneur’s wealth for many years. The former First Lady and New York Senator has been supported by Trump several times; the foundation named after her even received a donation of $100,000.
On November 8th, 2016, Donald Trump was elected the new President of the USA, making him one of the most powerful men on earth until at least 2020. On January 20, 2017, the last US President Barack Obama was officially replaced. According to his election promises, Trump also wanted to establish a good relationship with Vladimir Putin and smooth out the tense situation between Russia and the United States. It has long been known that his family also benefits from this, because his daughter Ivanka Trump worked as an adviser 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 . On November 3, 2020, the most exciting election was held in America, because the announcement of the winner Joe Biden lasted until November 7 and was extremely close.