Donald Trump Net Worth In 2020: POTUS Wealth Has Dropped By More Than $1B

Prior to venturing into mainstream politics, Donald Trump achieved giant strides as a real estate mogul and a businessman. His fortunes led him to become the first billionaire ever to serve as the President of the United States. The Trump family as a whole is highly revered for their prominence, particularly in the areas of real estate investment, politics, business, and entertainment. This has not in any way shielded the family from the occasional controversies especially since details of their personal lives became available to the public.

More so, since the debate about Donald Trump’s overall net worth began, there have been lots of speculations and reports regarding his status as a billionaire and the exact figure he’s worth as well as how he amassed it. While he has chosen to keep his tax returns under wraps, it has given rise to incessant media scrutiny on his chain of businesses and how he handled things before his time as president as well as how much the company makes with his children at the helm of affairs.

What’s Donald Trump’s Net Worth In 2020?

Donald Trump is no doubt one of the most successful real estate moguls in the United States of America. He has built an empire through his different stints in real estate, brand value, and other business endeavors. The vastness of his business empire has made it difficult for various news and financial organizations to accurately estimate his wealth.

On April 7, 2020, Forbes put President Trump’s wealth at an estimate of $2.1 billion. This figure was pegged at $3.1 billion early this year but due to the adverse effect of the Covid-19 pandemic on the financial market, Trump’s fortune took a nosedive. Prior to becoming the president of the United States, Forbes published that the business mogul had a net worth of about $3.7 billion.

The U.S president has never agreed with any of these publications regarding his net worth. In fact shortly before announcing his interest to run for the oval office, Trump released a financial statement through his accounting firm stating his net worth to be around $9 billion.

How Did He Make His Money?

The U.S Army Commander-in-Chief has multiple streams of income which stems from his chain of businesses scattered across the United States. The astute businessman is believed to have gotten his knack for doing business from his father, Fred Trump, who was a successful real estate developer in New York City back in the day. Trump Sr. invested his inheritance to start his company. The company which was named Elizabeth Trump & Sons later metamorphosed into a business empire. Donald, following the death of his father, became the chairman and president of the company. The business tycoon as part of his reform agenda renamed the company the Trump Organization.

The New York Times in an investigative editorial stated that the U.S President inherited about $413 million from his dad’s business empire. This is asides the several trust funds established in his name by his paternal grandmother and father. The New York Times further revealed that Trump reached the millionaire status at the age of 28. Trump, upon assuming the office of the President of the United State, left the managerial role of the Trump Organization to his children.

READ   Mark Wahlberg - Net Worth in 2020, Family & House

1. Investments in Real Estate 

In the early stages of his career as a developer, Donald Trump’s first big project was the Commodore Hotel which he partnered with the Hyatt Organization to procure at an undisclosed price in 1976. With his negotiating skills, Trump was able to get a 40-year tax-exempt for the hotel from New York City. However, he later sold his stake in the hotel to the Hyatt organization for $142 million in 1996.

The business magnate continued to invest heavily in developing buildings across New York City. Some of his landmark projects included the Plaza Hotel, the former Bank of Manhattan building, and the 58-floor Trump Tower on Fifth Avenue. The latter was completed in 1983.

2. Earnings From The Trump Brand

Trump has also earned a significant sum from proceeds gotten from the sale of his brand value and licensing. Through the Trump Organization, the real estate guru licensed the Trump brand to other companies, thereby accelerating its prominence internationally. These companies pay huge licensing fees to use the Trump brand name. Notable amongst the brands include Trump Fine Foods, the Trump Ocean Club, and many others.

In summary, the Trump Organization made over $170 million from licensing alone. More so, the American businessman has a portfolio of hotels, golf courses, and real estate which earns him hundreds of millions of dollars. Even as President, he continues to maintain these investments despite the many criticisms.

3. Television Appearances

Donald Trump and a cross section of celebrities on Celebrity Apprentice
Donald Trump and some celebrities on Celebrity Apprentice (image source)

Trump has also had stints on television with many notable appearances. He received widespread praise for his outstanding performance as the host of the popular television show, The Apprentice, where his undiluted remarks and public firing of potential employees made him a fan favorite.

How Much Has His Wealth Increased or Decreased?

As mentioned, Trump had a net worth of $3.7 billion prior to running for office in 2016. However, this figure has significantly reduced over the years due to a number of factors. Fluctuations in the global financial markets, investigations by the U.S authorities and other factors saw his stocks rise and fall proportionately.

See Also: We Take You Through A Tour Of Donald Trump’s Luxurious Private Homes

Earlier this year, Forbes put his net worth at an estimate of $3.1 billion but this figure also dropped within a couple of months following the outbreak of the Coronavirus which caused many economies to shut down. The U.S President’s net worth fell to $2.1 billion as a result of the global crisis. Meanwhile, the real estate mogul has blatantly refused to divulge information with regards to his tax returns which would show details of his income from his business interests.

However, he still owns many landmark properties across the States. Notable amongst them is his exclusive private Mar-a-Lago resort in Palm Beach valued at $160 million. Trump also boasts of an array of exotic cars, private jets, and yachts in his collection. His cars include a Mercedes-Benz 3600, Ferrari, Rolls-Royce Phantom, Rolls-Royce Silver Cloud, amongst others. In addition to these, the business tycoon owns a private jet, a Boeing 727 aircraft, and a 100-cabin yacht.

Ikenna Nwobodo
Ikenna Nwobodo
Ikenna has been writing or editing for several websites and publications for over 4 years, When he is not writing, he likes taking adventures, playing the piano or singing, and hanging out with friends.

Recommended

20 Richest ‘X Factor’ Judges and Celebrities of All Time with Their Net Worth

It is a notorious fact that most talent show winners find it hard to thrive in the real-life industry. There are however some shows...

The Reality Of Russell Simmons Net Worth, Kids, and Siblings

Russell Simmons is an American music/film producer, entrepreneur, and author, popular for being the co-founder of hip-hop label Def Jam Recordings. His net worth...

Who Are the Highest-Paid News Anchors and What are their Salaries?

The journalism industry is notorious for its poor remuneration and as such, you have professionals who spend much of their career making an average...

What is Ciara’s Net Worth in 2020 and Is She Married With Kids?

Ciara Harris is an American singer, songwriter, dancer, fashion model and actress with estimated net worth $20 million. The Grammy-winning songstress has spawned platinum-certified...

A Reveal of Lil Mosey’s Net Worth and the Songs that Made Him Famous

Lil Mosey's decision to quit high school in the tenth grade to pursue a career in music seemed like a bad one, but it...

The Height Of Sandra Bullock’s Achievements, Failed Marriage and Recent Relationships

Sandra Bullock has often been described as America’s sweetheart and the reason is not far-fetched. Since commencing her career in the late 80s, the...

All About Spike Lee’s Entertainment Family, Net Worth and Other Facts About The Director

Movie lovers are sure to recognize the name Spike Lee as he is known to portray major characters in some of the films he...

Jerry Springer Net Worth: How Much Money Does He Have Since His Show Ended

Jerry Springer may have been famously derided as the host of trash TV but that has not stopped him from emerging as one of...

Untold Truth Of Lamar Odom’s Net Worth, Relationships, Wife and Kids

Lamar Odom is a former professional basketball player most popular for his days with the Los Angeles Lakers where he won the 2009 and...

Jason Nash Net Worth and the Top Movies & TV Shows that Earned Him The Most

Many social media stars find it difficult to transition to traditional media. There are however some personalities that have been able to effectively combine...

Between Judge Judy and Judge Jerry Springer, Who has a Higher Net Worth ?

For nearly three decades, Judy Sheindlin has held sway as the most popular TV judge in the world. This is thanks to her courtroom...

Diana Ross Biography – Children, Husband and Family Members

Diana Ross is a legendary American singer, songwriter, record producer and actress. Ross is famous for being the lead singer of the popular 1960-70's...

Featured Today

Captivating Facts About Nicole Lz’s Divorce and Relationship With Adam Lz

There are many ways to become popular in this day and age. A few people have achieved fame by being good at what they...

What Is Wrong With Barron Trump, Is He Really Autistic? Where Is He Now?

Autism is prevalent and can affect people of all ethnic, racial and socioeconomic groups. The disorder, which limits a person's ability to relate and...

Chris Gardner: His Son & Ex-Wife & Details About His Net Worth

Beyond being recognized as an American entrepreneur, investor and stockbroker, Chris Gardner is famous as a motivational speaker, author and philanthropist. The man is...

Kimberly Sustad – Biography, Age And Husband

If you are making a list of women who exemplify what it means to be both beautiful and unique in their looks and talents;...

Related Stories