The 45th and current President of the United States, Donald John Trump’s, net worth was reported to be a whooping $3.5 Billion at the beginning of the year 2017, but has reportedly dropped to $2.9 Billion.
The crash in his net worth can be linked with the under-performing office properties in New York City.
Source of Trump’s Wealth
Before he became a politician, Trump started his career as an entrepreneur in the real estate development.
Trump reportedly kick started his career with “a small loan of one million dollars”($1,000,000) from his father.
A Record of Trump’s Net worth Over The Years
Donald Trump was first ranked on Forbes List of wealthy personalities in 1982 when his net worth was estimated a $200 million fortune.
Trumps net worth experienced a massive boost in the the 1980s and he became a billionaire, he however lost presence on the Forbes list from 1990 to 1995 due to business losses.
When Trump declared his candidacy on June 16, 2015, his one-page financial summary showed he had a net worth of $8,737,540,000. In his presidential announcement speech, he was said to have boasted during his presidential announcement speech “I’m really rich”.
Forbes rated Donald Trump’s net worth in 2017 to be $3.5 billion making him the 544th richest person in the world and 201st in the U.S.
Trump is believed to be one of the richest politicians in American history.
Since becoming President, Trump’s fortune, net worth, taxes, and business connections have been overshadowed with controversies.
An Estimate of Trump’s Asset and Net Worth
|Type of Asset||Worth|
|Brand Assets||$230 Million|
|Cash and Personal Assets||$270 Million|
|Golf Clubs and Resorts||$620 Million|
|NYC Real Estate||$1.7 Billion|
|Non-NYC Real Estate||$630 Million|
A Break Down of Trumps Assets and Their Worth
New York City Real Estate: $1.7 B valuation
|Niketown, E. 57th St||$365 Million|
|40 Wall Street||$363 Million|
|1290 Avenue of Americas||$347 Million|
|Trump Tower||$286 Million|
|Trump Park Avenue||$190 Million|
|Trump Parc/Trump Parc East||$87 Million|
|Spring Creek Towers||$32 Million|
|Trump International Hotel & Tower New York||$37 Million|
|Trump World Tower, 845 United Nations Plaza||$23 Million|
|Trump Plaza, Third Avenue||$17 Million|
Non-New York City Real Estate: $630 M valuation
|555 California Street, San Francisco||$320 Million|
|Trump International Hotel Washington, DC||$104 Million|
|Trump International Hotel & Tower Chicago||$100 Million|
|Trump International Hotel Las Vegas||$75 Million|
|Trump Winery, Charlottesville, VA||$30 Million|
|Charleston, SC warehouse||$4 Million|
Golf Courses & Clubs: $620 M valuation
|U.S. Golf Courses||$198 Million|
|Mar-a-Lago, Palm Beach, FL||$175 Million|
|Scotland & Ireland Golf Courses||$78 Million|
|Trump National Doral Miami Golf Resort||$170 Million|
Brand Businesses: $230 M valuation
|Trump Hotel Management & Licensing Business||$175 Million|
|Trump Product Licensing||$10 Million|
Source: Naija News