The former US president’s wealth is primarily derived from the hotel and commercial real estate industries. He also makes investments in cars and yachts.
Donald Trump, who has a net worth of $2.5 billion, is the first billionaire to hold the office of president, according to Forbes news site.
It is well known that his wealth is primarily derived from the commercial real estate and hotel industries, as well as from investments in yachts and vehicles.
The former president’s wealth reached its peak in 2016 and was estimated to be $4 billion. However, this wealth decreased by $1 billion following the pandemic and then by an additional $ 500 million last year.
The billionaire himself spent $66 million to support his activities during the presidential campaign. In addition, he continued to give away his 400,000 USD annual salary after being elected as the 45th president of the United States.
Forbes claims that Trump’s fortune, which has a total estimated value of $1 billion, is largely concentrated in New York City.
The former president’s primary residence before moving into the White House was the Trump Tower penthouse in New York, which is valued at $61 million.
In addition, excluding Trump World Tower and Trump Tower, Trump’s businesses also own at least 14 properties in this city. His entire portfolio of New York properties is thought to be worth around 720 million USD, per experts.
Additionally, he also owns vacation homes in Palm Beach, Florida, including Trump Grande, Trump Towers Sunny Isles, and Trump Hollywood, which are all estimated to be worth a combined $76 million.
Particularly, the Trump Organization’s private Mar-a-Lago mansion is estimated to be worth up to $325 million.
Le Château des Palmiers, another Trump property on the Saint Martin island in the Caribbean, is presently listed for sale for $15.5 million.
Along with homes in Europe, Asia, and South America, the former president also owns residences in New Jersey, Connecticut, Hawaii, Illinois, and Nevada.
The Trump Golf Count website states that the billionaire owns 18 golf courses and that he played the game nearly 300 times while in office.
Mr. Trump is especially interested in supercars and private jets in addition to real estate investment. The former president now possesses five aircraft in addition to a range of vehicles, including a Mercedes-Benz 3600 and a Rolls-Royce Silver Cloud.
He paid billionaire Paul Allen $100 million for a Boeing 727 during the 2016 election campaign, renaming it “Trump Force One”.
Along with 2 other aircraft totaling 15 million USD in value, he also owns a Sikorsky S-76 helicopter for about 7 million USD.
He also spent $455k on an SLR McLaren for Melania Trump.
In addition to real estate or automobiles, Mr. Trump also wears Brioni suits, which cost between $6,000 and $17,000.
His son Barron Trump’s tuition at Oxbridge Academy is another expense that runs about $ 35,000 per year.