The world’s most powerful nation, the United States of America and it’s current commander in chief President Donald Trump is one of the wealthiest people on earth, and in addition, he is the first billionaire president of the U.S.
The American politician who defeated the Democrat nominee to hail the throne on January 2017, a real estate mogul, a former television star and an author his net worth has been much of a discussion especially from the fact that he was one of the wealthiest businessmen before taking the oath of office as the 45th president of U.S.
During his campaigns in 2016 elections Trump claimed to be worth $10 billion a figure that has been disputed, and today he is not as rich as he claimed to be. Have a look at Trump net worth as of 2018 and his path to building his fortune as it’s not similar of your typical politician.
Donald John Trump, the commander in chief and the 45th president of the united states, was born in 1946 in Queens, New York. Trump is the son of Frederick C. and Mary MacLeod Trump, and he is the fourth child in a family of five. Frederick was in real estate business where he operated middle -income apartments in Brooklyn, Queens, and Staten Island.at the age of 13 Donald was sent to New York Military Academy where he at one time became a student leader and a star athlete. Just after graduation from the Academy in 1964, Donald headed to Fordham University where he just spent two years later he would be transferred to Wharton School of Finance at the University of Pennsylvania where he would graduate with a degree in economics in 1968.
Donald Trump’s Wife and Family
Trump has married three times and the first wife Ivana Zelnickova Winklmayr, a New York fashion model 1977-1992 then divorced and off this marriage he had three children Eric, Donald Jr., and Ivanka; he then married Marla Maples, a fledgling actress from 1993-1999 they divorced and off that marriage they had Tiffany; currently his wife and the First lady is Melania whom he married in 2005, and they already have a child Barron.
When Trump was at school during summer, he would work with his father no wonder he took the mantle of his father’s real estate development ventures, however, the young man personal goals were so greater than those of his father. Trump through Trump Organization became involved in large attractive, profitable buildings projects in Manhattan, made connections with very influential people, winning public recognition and went ahead being the city’s best-known developer. He then moved to Atlantic city and built the luxurious $200 million 58-story building dubbed Trump Tower in 1982, bought Hilton Hotels Casino-hotel which is known as today Trump’s Castle for $320 million.
Expanding his empire trump went to Florida bought Eastern Air Lines Shuttle, flew to Los Angeles and built a 125 story office building but in 1990’s business declined though he was back early 2000’s when he built 856 foot tall condominium.it was back in 2000 when trump started showing some political aspirations as he considered a nomination is a presidential race in that year though he withdrew. In 2004 Trump was very famous and through this, he saw an opportunity and featured on the NBC reality series The Apprentice and later hosting The Celebrity Apprentice where the phrase “You’re fired” became a catchphrase in the show. His political endeavors resumed back in 2012 when he started questioning the birthplace of the then president Obama and all through continued to be a vocal critic of the president.
It was until June 16, 2015, when Trump officially announced his White House ambitions through Republican ticket which he went ahead to win in 2016 becoming the Republican presidential nominee. On his campaigns Trump promised to make America great again by creating more jobs, the ban on immigration of Muslims in the US, deportation of Immigrants and he will put the interests of Americans at position one. The 45th president of the united states lost the popular vote by more than 2.9 but won on the electoral by 306 votes against Democrat presidential nominee Clinton’s 232 votes.
Net Worth, Salary & Income
President Donald Trump being the first United States billionaire, of course, his net worth is a subject of discussion. Today he isn’t as rich as he used to be back then as he has already dropped by $1 billion from rankings that were released a year ago placing Donald Trump net worth to $3.5 billion. Trump’s net worth places him in as the 544th richest person in the world which is a drop of 220 spots compared to 2016.
The decline in Trump’s net worth financial analysts reveal is due to losses in Manhattan real estate market, the presidential campaigns and other factors such as the Trump University lawsuit.
So where is this $3.5 billion coming from? Here is Donald Trump net worth break down of his assets.
In New York City Donald Trump, real estate valuation amounts to $1.7 billion, and some of the assets we are talking about are Third Avenue, Trump park avenue, Trump Tower, Trump World Tower, Nike town, and others.
Some of the other real estate properties that are not based in New York but amounting to $630 million after valuation are SC Warehouse, California Street, Trump international Las Vegas, Trump International Hotel Washington DC among others.
Trump has Golf Courses and Clubs too, and after valuation, they are estimated to be worth a fortune amounting to $620 million. Some of these assets are Trump National Doral Miami Golf resort, Mar-a-Lago, Scotland & Ireland Golf Course among others.
Trump brand after analysis the valuation is totaling to $230 million, and that’s the Trump product Licensing and Trump Hotel management & Licensing Business.
Another of the last fortune is Trump’s cash and personal assets which after the valuation has been estimated to be worth $270 million. Some of these assets we are talking about are Beverly Hills, Trump Towers penthouse, Two Palm Beach FL residence among others.
Being the president of one of the most powerful nations in a military wise and economy on earth Donald Trump net worth is a key subject in many news outlets. Back in 2016 during the presidential campaigns he may have filed his updated financial disclosure with Federal Election commission ascertaining that he is worth $10 billion but from the credible sources that figure has been disputed largely and today we can assure you Donald Trump net worth is $3.5 billion.