What is Donald Trump's Net Worth?
4Can you Guess the Net Worth of Donald Trump? Net worth is the excess of assets over liabilities. The assets that contribute to net worth can include homes, vehicles, various types of bank accounts, money market accounts, stocks and bonds. The liabilities are financial obligations such as loans, mortgages, and accounts payable (AP) that deplete resources.
Answers were provided by the Celebrity Net Worth website as of March 2024. https://www.celebritynetworth.com/
Donald Trump is an American politician, tech entrepreneur, real-estate developer, author, and television personality who has a net worth of $8 billion (as of June 2024, amazingly this was $2.8 Billion as of March 2024??!!) In November 2016, Donald Trump defeated Hillary Clinton to become the 45th President of The United States. In November 2020, Donald was defeated in his re-election campaign by Joe Biden.
Before becoming President of the United States, Donald was known primarily for being the owner of The Trump Organization, a real estate and licensing conglomerate. The Trump Organization owns commercial and residential properties around the globe, notably golf courses in the United States, Scotland, and Ireland. The Trump Organization owns portions of 40 Wall Street in New York City and 555 California Street in San Francisco. Many of his most visible real estate assets are not actually owned by Trump or his business. For example, Trump International in NYC is owned by General Electric and the Galbreath Company. In 1996 Trump's name was licensed to give the building a bit more glitz. Trump does own one condo in the building as well as the parking garage, lobby bathrooms, a restaurant and the room service kitchens that service the building. The Trump Organization owns the retail and commercial portions of Trump Tower, but the majority of the residential units are privately owned condos, including Donald's 10,000 square foot gold-plated penthouse.
Most importantly, as we detail in the next paragraph below, Donald owns roughly 60% of the publicly-traded entity that owns his social media company Truth Social. In March 2024, the week his tech company went public through a SPAC, his holdings were worth around $5 billion on paper. And finally, campaign filings showed that Donald has earned hundreds of millions of dollars since 200 licensing his name for a myriad of products and real estate development projects around the world.
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