Donald Trump is the richest person who has ever lived in the White House, but it’s hard to say exactly how much money he has. That’s not an easy thing to do. Part of the problem is that The Trump Organization, which he still owns, is a private business that doesn’t have to release financial statements as a public company would.
NBC News said in 2015 that Trump said in a press release that he was worth more than $10 billion, but most people think that was more bravado than reality. In 2022, Donald Trump’s net worth is probably around $3 billion. 12
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Public Disclosures
Trump is known for not releasing his tax returns, which makes it hard to figure out how much he makes because tax returns don’t show a person’s net worth.
Former President Trump filled out the annual forms that presidents have to send to the U.S. Office of Government Ethics to report their finances.
But Trump’s financial disclosures make it almost impossible to figure out how much money he has. The most recent disclosure, which was for the year 2020 and came out in January 2021, gave very wide ranges for the prices of his properties.
For example, “over $50 million” was written next to the value of many of his properties.
4 This is made worse by the fact that these estimates are self-reported, haven’t been checked, and don’t match up with the numbers the Trump Organization has given to state and local tax officials.
Forbes Estimate
Estimates from places like Forbes are probably the best we can do when it comes to figuring out how rich Donald Trump is. The finance-focused media company doesn’t know the exact value of each property owned by The Trump Organization, which is now run by Trump’s sons Donald Jr. and Eric. But its team does look at transaction data and the stock value of related businesses to figure out where these numbers are likely at now.
Forbes put Trump’s net worth at about $3 billion in May 2022. This was much less than what Trump said he was worth when he ran for office in 2015.
6 Another list, the Bloomberg Billionaire’s Index, but the former president’s net worth at $2.97 billion in August 2020. This is very close to that number.
7 Even though commercial real estate is where most of Trump’s money comes from, he also has investments in several other businesses. Here is how Forbes’s most recent estimate is broken down.
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New York City Real Estate – $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). 86
Golf Clubs and Resorts – $730 million
Golf clubs owned by the Trump Organization include those in Scotland and Dubai. In Palm Beach, Florida, Trump’s Mar-a-Lago resort is valued at $350 million.
Social Media & Brand Business – $480 million
The Trump Media and Technology Group is estimated to be worth $430m. While his licensing and management business is valued at more than $50 million, his branding business is valued at less than $30 million.
Cash & Personal Assets – $450 million
Trump’s net worth is approximately $275 million. The Trump Tower penthouse in New York City and three residences in Florida are among his other personal holdings.
Non-New York City Real Estate – $340 million
Throughout his huge real estate portfolio, Donald Trump has amassed approximately,000 homes around the country. Chicago, Las Vegas, and San Francisco are included in this list of hotels and retail establishments.
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The Bottom Line
Donald Trump’s net worth is nearly impossible to estimate because he manages a sophisticated, privately owned business. In the pre-coronavirus era, the former president’s statements about his wealth appear to have been greatly exaggerated.
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