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How Much Is President Donald Trump Worth?

Andrew Lisa
·5 min read
President Donald Trump listens to a question during a meeting with Uzbek President Shavkat Mirziyoyev in the Oval Office of the White House, in WashingtonTrump US Uzbekistan, Washington, USA - 16 May 2018.
President Donald Trump listens to a question during a meeting with Uzbek President Shavkat Mirziyoyev in the Oval Office of the White House, in WashingtonTrump US Uzbekistan, Washington, USA - 16 May 2018.

As of October 2020, Forbes estimates President Donald Trump’s net worth to be $2.5 billion — a drop of $600 million from the previous year. He now ranks as No. 339 on The Forbes 400, down 64 spots from a year ago.

The dip in Trump’s overall net worth is largely due to the coronavirus and the impact it has had on the industries in which he holds his biggest assets. Values for office buildings and hotels have plummetted. His properties in D.C. and Chicago appear to be underwater, while Doral, his golf resort in Miami, has lost 80% of its value in a year, Forbes reported. Still, he has some very valuable assets, including garages in New York City, the Mar-a-Lago Club in Florida and three nearby homes.

A businessman and former reality television star, Trump’s path to wealth was very different than that of your typical politician. Read on for a better understanding of how Trump built his fortune.

Donald Trump Net Worth: $2.5 Billion

The oldest person to be sworn into presidency — he was 70 years, 220 days old on Jan. 20, 2017 — Trump beat out a number of contenders to become the Republican nominee for the 2016 presidential election. He went on to defeat Democratic nominee Hillary Clinton and hopes to repeat his victory against current Democratic nominee Joe Biden this year.

Trump was born into a wealthy family and inherited about $40 million from his late father, real estate developer Fred Trump. In 1971, Donald Trump became head of what would later be known as The Trump Organization.

Trump’s earnings and title have since helped him develop more than 500 companies. The business mogul has his stake in luxury golf courses, skyscrapers, television shows, casinos, books, merchandise and more.

See: Trump’s 14 Most Questionable Campaign Expenses

Donald Trump’s Businesses

The only thing bigger than Trump’s personality is his business acumen. He landed a deal with Hyatt, the city of New York and the unprofitable Commodore Hotel beside the Grand Central Station, earning the right to renovate and rebrand the ailing hotel into the Grand Hyatt. In 1980, that hotel became an instant success, making Trump one of the best-known real estate developers in the area.

In 1984, Trump completed construction on the 68-story Trump Tower, which serves as headquarters for The Trump Organization to this day. The building includes a 60-foot waterfall and, on opening day, had five levels of retail stores and restaurants.

Trump has owned a slew of successful businesses and properties, among them Trump Place, a luxury residential community spanning 92 acres. The Trump International Hotel & Tower Chicago has a hotel, condos and numerous restaurants and shops. The success of Wollman Rink, a Central Park staple, is arguably credited to Trump.

Donald Trump’s Failed Businesses

Donald Trump has major business wins to his name, but he also has some big losses.

In 1988, Trump spent $365 million on a fleet of Boeing 727s, as well as landing facilities in Boston, New York City and Washington, D.C. He also bought the rights to paint his name on a plane. His attempt to build a luxury flying experience under the Trump Shuttle name failed, however, and the company was decommissioned.