There are a few recognized billionaires in the world and among them is Donald Trump. Mr. Trump has been in the entertainment scenes for more than a decade now. He has also featured in politics severally, like during the 2012 US Presidential Elections. He is currently one of the top contenders of the 2016 US Presidential Elections. Anyone would tell you who Donald Trump is. One of the things that have led to his fame all over the world is his wealth. Trump has said it severally that he is super rich and many sources have claimed that too, but how much is he worth? The Donald Trump net worth is determined by some factors. While Forbes determined his net worth to be $4.5 billion, Trump said himself that his net worth is about $10 billion.
Donald Trump net worth: Where it all started
Donald Trump got his wealth from his father, Fred C. Trump. Senior Trump was a rich real estate developer in New York. Fred Trump developed an empire that had about 27,000 residential units. These residential units ran across Queens and Brooklyn. At his death, senior Trump was estimated to have a net worth of about $300 million. It is not clear how much Donald Trump got from the money and wealth that his father left. Nonetheless, it was estimated that he was worth a current equivalent of $1.4 million when he was graduating from college. The social networks, skills and the money that Trump inherited from his father have greatly contributed to making him who he is today.
The TV Reality Show
In 2004, Mr. Trump started a reality TV show called The Apprentice. He was the executive producer as well as the host of the show which attracted many viewers. During the first season, Trump was paid around $50,000 for one episode. This was an estimate of $700,000 for the entire first season. However, the show was such a success and it saw him being paid more than 20 times his initial payment. Currently, it is reported that Mr. Trump is paid about $3 million for a single episode. This ranks him among the highest paid reality TV personalities.
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The Well-wishers support
One thing about Mr. Trump is that he is good at influencing authorities and other people to invest in his businesses. He has received high amounts of loans from successful private investors. For instance, Chase Manhattan offered him about $24 million to aid the building of the multi-million dollar, Trump Tower in New York. Trump himself owns a palatial condo in the building which is among the highest valued buildings in New York City.
In addition to the $24 million that was provided by Chase Manhattan, Trump was given an extra $150 million as a construction loan. This helped Trump make more profit from the building as none of his money was used in its construction.
The Golf Courses
Donald has several golf courses which he promotes via the Gold Channel. This helps to boost the value and popularity of the golf courses, thereby making him richer.
Trump is producing a new reality series on MTV called, Ladette to Lady.
The brand/name behind Donald Trump net worth
There might be other people with the name Trump, but there is only one Donald J Trump. The Trump tantamount to affluence and elegance which qualifies it as a brand. Apart from the famous Trump Tower, there are other properties and products that have been branded with the family name, from alcohol to airlines e.g Trump Shuttle and even ties. According to Trump, the brand is worth about $6 billion.
See Also: Donald Trump’s Favorite Luxury Brands
The Real Estate
This is one of the major investments of Donald Trump. He owns several homes in Miami and Manhattan and it is reported that the Trump Tower penthouse, where he primarily lives, is worth $100 million. The Mar-a-Lago estate in the Palm Beach is also under his name and is valued at $250 million. He also owns a 213-acre property called the Seven Springs in New York, where the Trump family often vacates.
Other than the properties, Mr. Trump owns a private jet that is estimated to worth around $100 million. That said, it is not clear what he is worth, as different sources give different reports. While Forbes determined he’s worth $4.5 billion, Trump said himself that he is worth about $10 billion, but we all know Trump for his narcissism.