|Net Worth||$3.1 Billion|
|Born||June 14, 1946|
|Country of Origin||United States of America|
|Source of Wealth||Entrepreneur|
Everyone wants to know what Donald Trump’s net worth is, but we may never know the exact number. Born in Queens, New York in 1946, Donald Trump was the fourth of five children of Frederick Christ Trump, a successful real estate developer. Unlike Bill Gates who made his fortune when he was an adult, Trump was born filthy rich and has stayed filthy rich throughout his life.
In 1968, Trump graduated with a bachelor’s degree in economics from the University of Pennsylvania’s Wharton School of Finance. While he was ruthless when it came to business, he did not have the fighting spirit of Conor McGregor or Floyd Mayweather Jr.
Trump avoided the Vietnam War by claiming he had bone spurs. Before that, he had avoided the war by receiving four draft deferments for education. Even though he had not made any money on his own, Donald Trump’s net worth was definitely already high.
While nursing his bone spurs, Trump started working full-time for his father’s business, helping to manage its holdings of rental housing, which was estimated to be between 10,000 and 22,000 units. Six years later in 1974, he became president of the corporation/empire he would later call the Trump Organization.
In the late 1970s, Trump started to change the family business model. He focused on investing in luxury hotels and narrowing the prime location hotspots to Manhattan and Atlantic City. Those changes dramatically increased Donald Trump’s net worth.
In 1983, he opened Trump Tower, a 58-story building on 56th Street and Fifth Avenue. Throughout the 80s and 90s, Trump would suffer lots of highs and lows in the real estate business. The biggest blow coming in the early ‘90s when most of his businesses suffered majorly, thanks to the recession. He was forced to surrender his airline to US Airways, sell his superyacht for $20 million and take out second or third mortgages on nearly all of his properties.
He would later bounce back in the late ‘90s, and in 2004 he premiered his reality television series The Apprentice, which made him even more of a household name. The show was a huge success and ran for an impressive 15 seasons.
And then in 2015, Trump shocked the world by announcing he would be running for president. He promised to “Make America Great Again,” and for some reason millions of people believed him. He won the 2016 presidential election and became the 45th President of the United States.
According to a recent report from Forbes, Trump’s net worth is estimated to be around $3.1 billion (more than Beyonce’s net worth), $1.6 billion of that is from his real estate in New York, $570 million from golf clubs and resorts, $500 million in non-New York real estate and a cool $290 million in cash and personal assets.
The good news for Trump is that $3.1 billion is an incredible amount of money. The bad? Well, that number is dropping. In 2016, he was worth around $3.7 billion, and if his presidency continues in the same direction, he might only be worth a bag of Hot Cheetos by 2020.