President-elect Donald J. Trump’s net worth was a popular story during the last presidential election. Trump has said on several occasions that his net worth is in excess of $ 10 billion. But if you look at the average of the top three external estimates, Donald Trump’s net worth is actually $ 3.5 billion. Others say the total amount is much less.
- President Trump is one of the wealthiest men who have ever been elected president of the United States, having built a real estate, entertainment and brand empire.
- Trump said his net worth is about $ 10 billion.
- Expert estimates, however, attribute his wealth to just a third of that sum.
2005 Trump Form 1040
We learned from a article on DCReport.org who examined Trump’s 2005 tax return Form 1040 that that year, Trump and his new wife, Melanija Knavs, grossed $ 153 million in gross revenue. They paid $ 36.6 million in federal taxes that year, a 24% tax rate. In a statement, the White House confirmed that the document is real.
This glimpse of Trump’s returns is a snapshot of a year. They do not reveal all of their net worth. Any concrete estimate of your wealth would require a detailed analysis of your tax returns, which he continues to retain. Two pages of your 2005 Form 1040 are just a quick look at a year.
In May 2016, Trump launched his Personal Financial Disclosure (PFD) forms with the Federal Election Commission (FEC). In true Trump fashion, he was quick to let everyone know. “I filed my PFD, which I am proud to say is the largest in FEC history,” said Trump.
The PFD revealed that Trump had:
- At least $ 1.4 billion in assets, including 40 Wall St, Trump Tower, golf resorts in Florida, NY, NJ and Scotland and an aircraft, all valued at more than $ 50 million.
- Over $ 300 million in revenue from golf courses and resorts.
- Over $ 100 million in income and sales from your property.
- At least $ 25 million in Obsidian funds from Blackrock.
- Liabilities, which include debt of US $ 50 million or more in each of the following items; the Trump Tower, 40 Wall Street, Trump National Doral, Trump International Hotel and Trump Old Post Office.
Forbes recently reduced its estimate of Donald Trump’s net worth to $ 3.5 billion (from February 2017), below $ 4.5 billion in early 2016. Forbes said the slowdown in the high-end retail and commercial real estate market in New York City is responsible for the downturn. In its reassessment, Forbes analyzed 28 assets, of which they said 18 had declined in value since the last estimate.
Fortune magazine estimate
Fortune magazine says Trump is worth $ 3.9 billion (up to May 2016), above $ 3.7 billion in 2015. Fortune says that the revenue it discloses in the PFD does not fit someone with a net worth of $ 10 billion. However, they believe that the presidential campaign is positively affecting its value. “Instead of damaging his brand, Trump’s notoriety seems to boost his business and make him even richer. By our best calculations, Trump’s net worth has actually grown in the last 10 months since the last presentation,” said Fortune.
Bloomberg Inc. estimate
The Bloomberg Billionaires Index estimated Trump at $ 3.02 billion (as of February 2017). Bloomberg notes the most difficult calculation is your brand. While Trump estimates his brand is worth $ 3.3 billion, Bloomberg has valued it at just $ 35 million.
The bottom line
Whether it’s less than $ 3 billion or more than $ 10 billion, as he claims, it’s safe to assume he’s a billionaire, so the exact amount doesn’t really matter. However, Trump campaigned for the presidency on the size of his wealth. “I’m really rich. I’ll show you in a second. I’m not saying it in a bragging way,” said Trump when announcing his presidential candidacy in 2015.