Donald trump net worth

Donald John Trump (born June 14, 1946) is an American businessman, media personality, and politician who is the president-elect of the United States. Before, he was the 45th president of the United States from 2017 to 2021. Trump was also the chairman of The Trump Organization from 1971 to 2017.

Much of his money was made in real estate in New York City, Las Vegas, and Atlantic City.^[1] He used to own the Miss Universe pageant.^[2] He was the star in his own reality show The Apprentice.^[3]

Trump became the Republican Party nominee for president in 2016.^[4][5] Trump then was in the general election against Democrat Hillary Clinton, the former U.S. secretary of State. Each of them needed 270 electoral votes to win.^[6] Trump had 304 while Clinton had 227.^[7] He was inaugurated as the 45th president on January 20, 2017, at 70 years old.

In 2019 the House of Representatives voted to impeach Trump in December 2019 with a charge of abuse of power. He was the third president in American history to be impeached.^[8][9][10] He was acquitted by the Senate in February 2020.^[11]

In November 2020, Trump lost his re-election to former vice presidentJoe Biden after the 2020 election. He became the first president since George H. W. Bush in 1992 to lose his re-election. However, he did not agree with the result and said he won the election by a "big amount".^{[12][13][non-primary source needed][14][non-primary source needed]} He also sued states where Biden won.^[15][16] In January 2021, Trump controversially made a telephone call with Georgia Secretary of State Brad Raffensperger. In the call, he was reported to have tried to change the election results.^[17] A few days later, his supporters rioted at the United States Capitol, which killed five people. This caused the United States House of Representatives to impeach Trump again.^[18] This made Trump the only president to be impeached twice.^[19] The United States Senate voted to acquit him of all charges.^[20]

In November 2022, Trump announced another presidential campaign for the 2024 presidential election. In July 2024, he survived an assassination attempt in Pennsylvania during a campaign rally.^[21] In November 2024, he would defeat Vice President Kamala Harris and be elected as the 47th president.^[22]

In March 2023, a Manhattan grand jury indicted Trump, making him the first former president in U.S. history to face criminal charges. In August 2023, Trump was indicted a second time for his attempts to overturn the results of the 2020 election.^[23] In 2024, he was found liable of sexual assault in a court of law and is a convicted felon. He is the first former U.S. president to be convicted of a felony after leaving office.^[24] In 2020 he ran for re-election but lost the election against former vice president Joe Biden. He ran again in 2024, this time winning against Vice President Kamala Harris.

Early life

Donald John Trump was born at Jamaica Hospital Medical Center in Queens, New York City.^[25] He is the son of Fred Trump and his wife Mary Anne (née MacLeod). They married in 1936. His mother was born on the Isle of Lewis, off the west coast of Scotland.^[26] Donald was one of five children.^[27] Donald's oldest brother, Fred Jr., died in 1981 at the age of 43, due to an alcohol addiction.^[28] Trump's sister, Maryanne, is a judge in New York. Trump's father's parents were German immigrants.^[29] His grandfather, Frederick Trump, immigrated to the United States in 1885. He became a naturalized American citizen in 1892. Frederick married Elisabeth Christ (October 10, 1880 – June 6, 1966)^[30] at Kallstadt, State of Bavaria, Germany, on August 26, 1902. They had three children. He studied at Fordham University until transferring to the University of Pennsylvania. Trump was not drafted during the Vietnam War.^[31] This was due to four college deferments and one medical deferment. In an interview with The New York Times, he said his medical deferment was because of heel spurs.^[32][33]

Career

Hotel developments

See the main article: The Trump Organization

Trump began his career at his father's real estate company,^[34] Elizabeth Trump & Son.^[35] He later renamed the company The Trump Organization, which has its headquarters at 40 Wall Street. The company focused on middle-class rental housing in Brooklyn, Queens, and Staten Island. One of Trump's first projects, while he was still in college, was the revitalization of the foreclosed Swifton Village apartment complex in Cincinnati, Ohio. His father had purchased it for $5.7 million in 1962. Trump became closely involved in the project. With a $500,000 investment, he turned the 1200-unit complex with a 66 percent vacancy rate to 100 percent occupancy within two years. In 1972, the Trump Organization sold Swifton Village for $6 million.^[36][37] Trump has developed many real estate projects. They include Trump International Hotel and Tower in Honolulu, Trump International Hotel and Tower in Chicago, Trump International Hotel and Tower in Toronto, and Trump Tower in Tampa. In Fort Lauderdale, Florida, one Trump construction project was put on hold in favor of another (Trump International Hotel and Tower in Fort Lauderdale). Trump Towers in Atlanta was being developed in the housing market, however the project fell after the 2008 recession and instead buildings that didn't belong to Trump were built.^[38][39] In its October 7, 2007 Forbes 400 issue, "Acreage Aces", Forbes valued Trump's wealth at $3 billion.^[40] Since 2011, his net worth has been estimated from $2 billion to $7 billion. Forbes estimated his net worth at $3.1 billion in 2019.^[41][42]

Beauty pageants

From 1996 until 2015,^[43] Trump owned part or all of the Miss Universe, Miss USA, and Miss Teen USA beauty pageants.

Wrestling support

Trump is a WWE (World Wrestling Entertainment) fan, and a friend of WWE owner Vince McMahon. In 1988–89 he hosted WrestleMania IV and V at Boardwalk Hall (dubbed "Trump Plaza" for storyline purposes) and has been an active participant in several of the shows.^[44] Trump was inducted into the celebrity wing of the WWE Hall of Fame in 2013 at Madison Square Garden for his contributions to the promotion. He made his sixth WrestleMania appearance the next night.^[45]

The Apprentice

See the main article: The Apprentice

In 2003, Trump became the executive producer and host of the NBC reality showThe Apprentice, in which a group of competitors battled for a high-level management job in one of Trump's commercial enterprises. In 2004, Trump filed a trademark application for the catchphrase "You're fired!"^[46]

For the first year of the show, Trump earned $50,000 per episode (roughly $700,000 for the first season), but following the show's initial success, he was paid $1 million per episode.^[47] In a July 2015 press release, Trump's campaign manager said that NBCUniversal had paid him $213,606,575 for his 14 seasons hosting the show.

On February 16, 2015, NBC announced that they would be renewing The Apprentice for a 15th season.^[48] On February 27, Trump stated that he was "not ready" to sign on for another season because of the possibility of a presidential run.^[49] On June 29, after a widespread negative reaction stemming from Trump's campaign announcement speech, NBC released a statement saying, "Due to the recent derogatory statements by Donald Trump regarding immigrants, NBCUniversal is ending its business relationship with Mr. Trump."^[50] Trump was replaced by former Governor of California and actor Arnold Schwarzenegger.

Political activity before 2015

Trump switched between political parties a number of times. He registered as a Republican in 1987,^[51] a member of the Independence Party in 1999,^[52] a Democrat in 2001, a Republican in 2009, with no political party in 2011, and a Republican in 2012.^[51]

In 2011, Trump said that President Barack Obama was born in Kenya; Obama was actually born in Hawaii. If Obama had been born in Kenya, he would not have been allowed to run for president. Trump repeatedly said that Obama was lying about where he was born, an idea called "Birtherism". Even after Obama shared his birth certificate with the public, Trump suggested that it could be fake.^[53]

Announcement

Trump made a formal announcement of his candidacy for president of the United States for the 2016 elections on June 16, 2015. He made the announcement at 11am EST from his headquarters in Trump Tower in New York City.^[54][55] Trump launched his campaign saying, "We are going to make our Country Great Again" with a commitment to become the "greatest jobs president."^[55] Trump's official campaign slogan was "Make America Great Again." That was first used by Alexander Wiley, but Donald Trump trademarked it.^[56]

On May 4, 2016, Trump became the presumptive nominee after his only challengers, TexasUnited States senatorTed Cruz and Governor of OhioJohn Kasich, dropped out.

Border security and illegal immigration remarks

During his announcement speech he stated in part, "When Mexico sends its people, they're not sending their best. They're sending people that have lots of problems, and they're bringing those problems with us. They're bringing drugs. They're bringing crime. They're rapists. And some, I assume, are good people." On July 6, 2015, Trump issued a written statement to clarify his position on illegal immigration, which drew a reaction from critics.^[57]

Ideology

Trump has described his political leanings and positions in many ways over time.^[58][59][60]Politico has called his positions as "eclectic, improvisational and often contradictory".^[60] He has listed several different party affiliations over the years,^[60] and has also run as a Reform Party candidate.^[61] The positions that he has revised or reversed include stances on progressive taxation, abortion, and government involvement in health care.^[60] He has supported Christian groups in the U.S., claiming that he will reverse unfavorable tax treatments preventing them from expressing themselves in the political arena and promising to revive a more widespread use of the phrase "Merry Christmas" instead of "Happy Holidays" in department stores. Other issues he highlighted include taking care of military veterans, making the military "strong", aggressive bombing of the Mideast terrorist group ISIS, surveillance of certain mosques in the U.S., and making trade agreements more favorable to American workers.^[62][63][64]

Primaries

See the main article: 2016 Republican Party presidential primaries

Trump entered a large field of candidates consisting of 16 other Republican candidates campaigning for the nomination, the largest presidential field in American history.^[65] By early 2016, the race had mostly centered on Donald Trump and U.S. SenatorTed Cruz.^[66] On Super Tuesday, Trump won the majority of the delegates and remained the front-runner throughout the primaries.

Finishing in June 2016 with nearly 14 million votes, Trump broke the all-time record for winning the most primary votes in the history of the Republican Party.^[70][71]

General campaign and election

After becoming the presumptive Republican nominee, Trump's focus shifted to the general election, urging remaining primary voters to "save [their] vote for the general election."^[72] Trump began targeting Hillary Clinton, who became the presumptive Democratic nominee on June 6, 2016 after beating Bernie Sanders in the Democratic primaries, and continued to campaign across the country. Clinton had established a significant lead in national polls over Trump throughout most of 2016. In early July, Clinton's lead narrowed in national polling averages following the FBI's conclusion of its investigation into her ongoing email controversy.^[73]

On September 26, 2016, Donald Trump and Hillary Clinton faced off in the first presidential debate at Hofstra University in Hempstead, New York. Lester Holt, an anchor with NBC News, was the moderator.^[74] This was the most watched presidential debate in United States history.^[75] On November 8, 2016, Trump won the presidency with 306 electoral votes to Clinton's 232 votes,^[76][77] even though Trump won a smaller part of the popular vote than Clinton.^[78] He is the fourth person to become president without winning the popular vote.^[78][79] The final popular vote difference between Clinton and Trump is that Clinton finished ahead by 2.86 million or 2.1 percentage points, 48.04% to 45.95%, with neither candidate reaching a majority.^[80] Trump's victory was considered a big political upset, as nearly all national polls at the time showed Hillary Clinton with a modest lead over Trump, and state polls showed her with a modest lead to win the Electoral College.^[81] In the early hours of November 9, 2016, Trump received a phone call in which Clinton conceded the presidency to him. Trump then delivered his victory speech before hundreds of supporters in the Hilton Hotel in New York City.^[82]

Trump's presidential transition team was led by Chris Christie until November 11, 2016, when Vice President-elect Mike Pence took over.^[83]

See the main article: First presidency of Donald Trump

Inauguration

See the main article: First inauguration of Donald Trump

On January 20, 2017, Trump was sworn in by Chief JusticeJohn G. Roberts as President of the United States at his inauguration ceremony at the United States Capitol Building. Within his first hour as president, he signed several executive orders, including an order to minimize "the economic burden" of the Affordable Care Act, also known as Obamacare.^[84][85]

On the Saturday following Trump's inauguration there were massive demonstrations protesting Trump in the United States and worldwide, including the 2017 Women's March.

Cabinet and staff

The following people were part of Donald Trump's cabinet. They are the most senior officers of the executive branch.