Donald Trump, the ex-president of the United States net worth is estimated at $2.5 billion according to Forbes.
In the history of American politics, he is the only billionaire president. Last year he was featured at no. 339 in Forbes 400 list of America’s richest people. He is short of $400 million of the cutoff to make it to the Forbes list this year.
For almost two decades from 1997 to 2016, Donald Trump was featured in 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 and now he is off the list entirely.
Donald Trump Net Worth 2021: 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 2.5 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 that 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.”
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