Donald Trump Net Worth: How Much Donald Trump Real Estate Is There?
Donald John Trump is an American politician, media personality, and businessman who was born on June 14, 1946. From 2017 to 2021, he was the 45th president of the United States. In 1968, Trump got his bachelor's degree from the University of Pennsylvania's Wharton School. In 1971, he took over his father Fred Trump's real estate company and changed its name to The Trump Organization.
Trump added skyscrapers, hotels, casinos, and golf courses to the things that his company built and fixed up. Later, he went into business on the side, mostly by licensing his name. He co-produced and hosted the reality TV show The Apprentice from 2004 to 2015. Trump and his companies have been in more than 4,000 state and federal court cases, and six of them have ended in bankruptcy.
- After being kicked off Twitter, Donald Trump said in October 2021 that he was going to start his own social media site called Truth Social. It would be run by Trump Media.
- Even though most of his money is still in New York City real estate, investors who bet on Trump Media gave him an extra $430 million.
- The former president of the United States also owns golf courses and a winery, and he has let companies all over the world use his name.
- In 2019, he moved from Trump Tower in New York City to Mar-a-Lago in Palm Beach, FL, as his official residence.
- He got his start by working for his father, Fred, who built low-cost housing in Brooklyn and Queens.
Donald John Trump was born on June 14, 1946. His father, Fred Trump, was a millionaire who made a lot of money in real estate. Fred Trump and Elizabeth Trump, Donald's grandmother, both got their start building and selling homes.
Incorporated in 1927 as Elizabeth Trump & Son, the company built a lot of single-family homes in Queens. The company grew until it owned and managed more than 27,000 rental units on the East Coast, mostly in the boroughs around New York City.
Donald went to the Kew-Forest School in Forest Hills for a short time, but he was sent to the New York Military Academy when he was 13. He went to Fordham University and The Wharton School of Finance at the University of Pennsylvania for college. In 1968, he got a degree in economics from The Wharton School of Finance.
In 1971, he took over his father Fred Trump's real estate company and changed its name to The Trump Organization. Trump added skyscrapers, hotels, casinos, and golf courses to the things that his company built and fixed up. Later, he went into business on the side, mostly by licensing his name.
He co-produced and hosted the reality TV show The Apprentice from 2004 to 2015. Trump and his companies have been in more than 4,000 state and federal court cases, and six of them have ended in bankruptcy.
People have said that Trump's political views are populist, protectionist, isolationist, and nationalist. He won the 2016 U.S. presidential election as the Republican candidate against Hillary Clinton, even though he lost the popular vote.
He is the first U.S. president who has never been in the military or worked for the government. His election and policies made a lot of people angry. Robert Mueller's special counsel investigation from 2017 to 2019 found that Russia meddled in the 2016 election to help the Trump campaign, but it didn't find that anyone on the Trump campaign worked with Russia or had a plan to do so.
During his campaigns and time as president, Trump made a lot of false and misleading claims, which has never happened before in American politics. He also spread conspiracy theories. Many of his words and actions have been called racist or racially charged, and many of them have been called disrespectful to women.
How Much Is Donald Trump Worth?
How Much Donald Trump Real Estate Is There?
Real estate in New York City is worth $960 million
A lot of Trump's money comes from a few multi-use buildings in Manhattan, including retail space in the busy Midtown area. His most valuable asset is a 30 percent stake in the office and retail space at 1290 Avenue of the Americas, which is worth $2.2 billion (even though he owes $950 million on the property).
$730 Million Was Spent on Golf Clubs and Resorts.
The Trump Organization owns several high-end golf clubs, such as ones in Scotland and Dubai.
9: Mar-a-Lago, Trump's private golf club in Palm Beach, Fla., is worth $350 million.
$480 Million: Social Media and Brand Business
$430 million is how much the Trump Media and Technology Group is worth. His branding business, which includes his licensing and management businesses, is worth just over $50 million.
$450 Million in Cash and Personal Assets
Trump has cash and other assets worth about $275 million. Trump also owns three homes in Florida and an 11,000-square-foot apartment in New York City called the Trump Tower penthouse.
Real Estate Outside of New York City: $340 Million
Trump has a huge real estate business that includes about homes all over the United States. This includes hotels and stores in San Francisco, Chicago, and Las Vegas.
Plans for Trump's Presidency in 2024
The Washington Post said that Trump suggested he might run for president again in February 2022. The Washington Post reported in April 2022 that he later said that his final choice would depend on his health.
“You have to talk about health all the time. You look healthy, but tomorrow you'll get a letter from a doctor saying, “I need to see you again.” When they use the word again, that's not good,” he said.
He also said that he thought “a lot of people are going to be very happy with my decision,” but he did not confirm or deny that he would run for president again.
How Tall Is Donald Trump?
The Bottom Line
Because he runs a complicated, privately owned business, it's almost impossible to get a good idea of how much money Donald Trump has. One thing is certain: even before the coronavirus, the former president's past claims about his net worth seem to have been greatly exaggerated.