DONALD TRUMP ESTIMATED NET WORTH
$ 7.4 billion
US PRESIDENT ANNUAL SALARY
$ 400,000
How Rich is Donald Trump? – Donald Trump Net Worth
Entrepreneur, media star, Tycoon and since January 20, 2017, the President of the United States. This is Donald Trump, one of the most powerful people in the world.
He loves to ennoble skyscrapers with his name and as the co-owner of the ‘Miss Universe Organization’, he always has a say in choosing the most beautiful women.
His wife Melania Trump was a former model, now she is the first lady of the United States, thanks to Donald Trump. When a journalist claimed that Trump was not a billionaire but just a millionaire, he went to court to defame him. He announced his assets are estimated to be over $ 10 billion.
Donald Trump confidently presented his wealth to the media in June 2015 at around $ 8.8 billion. Just a few weeks later, he revised the number up to $ 10 billion.
The reason for the exaggerated representation is probably his view of his brand, which he values at over $ 3 billion. The business magazine Forbes estimated Trump’s actual wealth less than what trump estimated. According to Forbes’ projections, which is definitely realistic, Donald Trump net worth is $ 7.4 billion.
Donald Trump Family History
A German ancestor laid the foundation for the wealth of Donald Trump, who was born on June 14, 1946. Grandfather Friedrich Drumpf (1869-1918) emigrated from the Palatinate to America in 1885 and came to prosperity here as a restaurateur.
Drumpf became the name, Trump. His son Fred (1905 – 1999), Donald Trump’s father, increased the family wealth through real estate development, especially in the New York area.
His net worth totaled $ 300 million. Donald Trump expanded it to a much larger fortune as a successful businessman.
Donald Trump grew up in the upscale Jamaica Estates district in the New York borough of Queens. He received his education at Fordham University in the Bronx and 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 hand. He made his first mark in his father’s business, in real estate company Elizabeth Trump & Son.
Then, in 1971, he took over the company and renamed it The Trump Organization. Today it is the parent company for a large part of Donald Trump’s real estate business.
The Trump organization operates construction projects worldwide like residential construction as well as hotels and restaurants. His Investments also include casinos and golf courses.
Several skyscrapers in New York bear the name of the current President like 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.
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. He occasionally speaks for the prestigious New York institute, The Learning Annex, and the fee for a one-hour presentation is $ 1.5 million.
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Donald Trump has appeared on television again and again, including in well-known sitcoms such as The Nanny or The Prince of Bel-Air alongside Will Smith.
He was immortalized as a cartoon character in Matt Groening’s animated series The Simpsons. His own show, The Apprentice is also legendary, in which candidates can apply for a managerial post in the Trump empire.
With the success of the series, the host’s initial fee increased from $ 500,000 to $ 3 million per episode. In July 2015, Trump said it had received a total of more than $ 213 million from NBC Universal.
Politics
In mid-June 2015, Donald Trump announced that he would apply to be the Republican candidate for the presidential election in November 2016. He had been politically active before.
Even Hillary Clinton has benefited from the wealth of the entrepreneur for many years. The former First Lady and New York Senator was repeatedly supported by Trump and the foundation named after her even received a donation of $ 100,000.
On November 8, 2016, Donald Trump was elected as the new President of the United States, making him one of the most powerful men on earth until at least 2020.
On January 20, 2017, US President Barack Obama was replaced and Trump was sworn in as the new President of the United States. According to his election promises, Trump also wants to build a good relationship with Vladimir Putin and smoothen 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 works as a consultant in the White House.
However, it should also be mentioned here that for Donald Trump, the presidential candidacy also cost him some money. Due to his expensive election campaign, his fortune shrank by $ 600 million.
Donald Trump’s Net Worth clearly states that he is one of the richest presidents in the United States presidential history.