It is known
that Forbes estimates it at $3.2 billion as of October 26, 2023, with Trump
making much higher claims. Trump inherited wealth from his father, and he has
also made money from fundraising, real estate ventures, hotels, casinos, golf
courses, and Trump-branded products including neckties and steaks.
Trump’s net
worth is $3.2 billion as of September 2023, with $730 million coming from his
social media endeavor Truth Social via the Trump Media and Technology Group.
Trump announced the formation of the platform in October 2021 and launched it
in February 2022. As of Nov. 16, 2022, Trump had 4.55 million followers.
Trump had
lost roughly half of his net worth during his time in office as president as
several organizations stopped doing business with Trump or any of his
properties. Forbes listed him with a net worth of $4.5 billion in 2016 and $2.1
billion in 2020.
Trump was
born into a wealthy family and inherited about $40 million from his late
father, real estate developer Fred Trump. In 1971, Donald Trump became head of
what would later be known as The Trump Organization.
Trump’s earnings
and inheritance helped him to develop more than 500 companies. The business
mogul has held stakes in luxury golf courses, skyscrapers, television shows,
casinos, books, merchandise and, now, social media. These endeavors have helped
him reach the estimated $3 billion that put him on the Forbes Billionaires List
for 2022.
Read more: Trump wives and girlfriends with pics
Trump has owned a slew of successful businesses and properties, among them Trump Place, a luxury residential community spanning 92 acres. The Trump International Hotel & Tower Chicago has a hotel, condos and numerous restaurants and shops. The success of Wollman Rink, a Central Park staple, is arguably credited to Trump.
Among the
properties Trump owns is Mar-a-Lago, in Palm Beach, where he spent 25 of his
first 100 days in office and currently resides with Melania and Barron. The
luxury club is worth $300 million, according to Forbes, and sits on 17 acres of
valuable South Florida land. Trump bought the estate, which boasts 58 bedrooms,
33 bathrooms, 12 fireplaces and three bomb shelters, for the bargain price of
$10 million in 1985.
