Donald Trump is a real estate mogul who has been in the entertainment scenes for more than a decade. Trump began surfacing on the political scene in 2012. In 2016 he entered the presidential race, defeating Secretary Hilary Clinton to become the president-elect and 45th President of the United States.
Trump has severally trumpeted about how rich he is and many sources have claimed that too, but how much is he worth? Well, that would depend on who you’d rather trust. While Forbes estimates his net worth at $4.5 billion, Trump himself claims he is worth about $10 billion.
Donald Trump Age & Early Beginnings
Donald Trump was born into a life of privilege on June 14, 1946, in Queens, New York City. His birth name was Donald John Trump and his zodiac sign is Gemini. He was born to Frederick C. Trump and Mary MacLeod as the fourth of five children. His father was a real estate developer and he followed his father to his construction sites and worked there during the holidays when he came home. Donald Trump attended the New York Military Academy and graduated in 1964. He was very active in school and became a student leader and also represented the school in different field sports.
On religion, you can say from his inclinations that Donald Trump is a Christian although it is hard to say any more than that. Whether orthodox or unorthodox, we know that Donald Trump believes in God. His father’s family were Lutheran while his mothers family were Presbyterians. He has close ties with several top Christian leaders in America as was revealed during the electioneering season. In early years, Norman Vincent Peale, the author of bestselling book, The Power of Positive Thinking ministered to the Trump household. He is an ardent reader of the Bible and says it is his most favourite book. He once described Pastor Paula White, the head pastor of New Destiny Christian Center, Florida as his spiritual confidant.
Donald Trump inherited part of his wealth from his father. 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.
However, it is not clear how much Donald Trump got from his father’s estate. 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.
Donald Trump’s Family: Wife, Sons & Daughters
Donald Trump has had three marriages of which two ended in a public divorce making him only the second US president to be divorced, the other being Ronald Regan. He married his first wife, Ivana Marie Zelníčková, a model from the Czech Republic in 1977 when he was 30 years old. Trump cheated on his wife with actress and TV personality, Maria Ann Maples, leading to the dissolving of the marriage in 1992 after the union produced three children; Donald Trump Jr. (b. 1977), Ivanka Trump (b. 1981), and Eric Trump (b. 1984).
Donald Trump’s affair with Maria Maples led to a pregnancy which resulted in the birth of Tiffany Trump, his fourth child and second daughter in 1993. He married Maples in the same year but like his first marriage, it ended in a divorce in 1999. Trump seems to have a thing for beautiful models as in 2005, he was married again to Melania Knauss, a Slovenian model. She gave birth to Trump’s fifth child and third son, Barron Trump. She remains his current wife and the First Lady of the United States.
In all, Donald Trump has five children from his three marriages, as well as nine grandchildren. His first son, Donald Trump Jr. has five children – three boys and two girls – with his wife, Vanessa. Ivanka, who is married to her husband, Jared Kushner has three children – two boys and a girl. His second son, Eric welcomed his first child – a baby boy with his wife, Lara on September 12, 2017.
Apprentice TV Show
In 2004, 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. Fortunately, the show was such a success and Trump accordingly received 20 times more than his initial payment. In recent years, it is reported that Trump is paid about $3 million for a single episode. This ranks him among the highest paid reality TV personalities.
One thing about 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.
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.
Donald Trump Brand and His Personal Net Worth
There might be other people with the name Trump, but there is only one Donald J Trump. The Trump name is 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.
With real estate as his primary source of income, it is only expected that Trump has some palatial private properties. 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 go to for vacation.
Other than the properties, 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.