HomeDonald Trump Net Worth and His Sources Of Income

Donald Trump Net Worth and His Sources Of Income

Donald Trump, the ex-president of the United States net worth is estimated at $3 billion as of March 2022 according to Forbes.

In the history of American politics, he is the only billionaire president. Last year he was featured at no. 339 in the Forbes 400 list of America’s richest people.

For almost two decades from 1997 to 2016, Donald Trump was featured on the list of The Forbes 400, however, things deteriorated for the worse ever since he won the presidency. His rankings dropped consistently in the five years from 2016 to 2021.

On 9th April 2022, while addressing a rally in Selma, North Carolina, Trump made a statement that he is perhaps the “Most honest human being God has ever created”. He made the statement to defend himself against several investigations into his tax matters.

Donald Trump Net Worth 2022: Income from Real Estate investments

His fortunes are linked to the performance of the real estate industry as he has major investments tied up in New York City real estate. Post covid there was an unprecedented rise in Tech Stocks, Commodities, Cryptocurrencies, and other asset classes however big-city property prices have languished.

Trump has licensed his name to many companies around the globe. Trump’s name is worth around USD 56 million according to Forbes.

He is also the owner of a winery and golf course. A couple of years back he shifted from Trump Tower in New York City to Mar-a-Lago in Palm Beach, Florida.

Donald Trump Net Worth: Other sources of Income

The majority of Trump’s net worth is invested in real estate and a media empire. Under the leadership of Trump as chairman and president, The Trump Organization grew leaps and bounds both in America and abroad. Trump built a vast business empire and also a personal brand for himself.

Trump made a huge amount of money over the years by appearing on TV and other media. He was the host of “The Apprentice” for fourteen seasons and earned around $427.4 million from the beginning of the show 2004 until 2018 before he decided to enter the presidential race. He appeared in feature films, TV programs, and also on WWE.

Impact of the COVID-19 pandemic on Donald Trump’s wealth

Even though Forbes magazine estimates his wealth at USD 3 billion, he has suffered a huge cost of $600 million in 2020 due to a severe slowdown in the Hotel, Travel industry because of the Coronavirus pandemic.

There were reports published in New York Times recently that he owes about $400 million to entities that were later described as “pennies” by Trump in comparison to his wealth. There is also speculation among industry experts that he owes money to Russians which was denied by Trump.

Before he took oath as the president of the US, Trump proudly said in a press conference to reporters, “I could actually run my business and run government at the same time. I don’t like the way that looks, but I would be able to do that if I wanted to. I would be the only one that would be able to do that.”

Social Media app ‘Truth Social’

Donald Trump launched his own social media platform called “Truth Social” in Feb 2022 after he was banned and suspended from social media platforms like Twitter and Facebook.

TRUTH Social was created through the formation of a new company after the merger of the Trump Media and Technology Group (TMTG) and a special acquisition company (SPAC).

In Oct 2021, Digital World Acquisition Corp (DWAC) also known as SPAC announced a definitive merger agreement with TMTG.

DWAC later made the announcement in Dec 2021 that it has entered into subscription agreements for $1 billion in committed capital to be received upon consummation of their business combination from a wide range of global institutional investors.

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Archana Kabra
Archana Kabra is a Freelance Writer and has been extensively writing stuff related to Entertainment, Lifestyle, and Technology. She is also an ardent music lover. Twitter handle: @archana153sarda
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