From real estate tycoon to U.S. President Donald J. Trump has had a fascinating life. The mix between real estate deals, reality shows and an eventual surprising career in politics has given President Trump a fascinating, if not eclectic, life.
Trump Net Worth
Answering this question gets a little tricky. On the one hand, Trump holds much of his wealth in the real estate sector, rather than securities and capital. The Trump Organization is a private company, making it difficult to quantify assets. In order to create an assessment of your real net worth, it becomes a question of how much money could actually be derived from those assets that largely belong to your company. Or, you can simply view your net worth as the sum of those assets.
Forbes estimates its net worth at $ 3.1 billion. This estimate comes from US $ 310 million in cash / personal assets, US $ 80 million in commercial brands, US $ 590 million in golf courses, US $ 1.5 billion in real estate in New York City and US $ 660 million in properties held outside of New York.
Trump was widely influenced by his father, who was a property developer in New York. From his involvement working for his father, Trump has advanced even further. The Grand Hyatt in New York put him on the map as a real estate man, and that has progressed over the years into a substantially large business and real estate portfolio through the Trump Organization.
He also starred in the hit reality show “The Apprentice”.
Always candid, Trump never retained his views on U.S. political and economic activities. He raised the bar to the next level in 2015, when he announced his candidacy for the U.S. presidency. In an impressive move for many, Trump passed Republican primaries and won the election. Defeating Hillary Clinton, he became the 45th president of the United States.
The controversial term almost goes hand in hand with President Trump. Those who are against its policies have a degree that we have almost never seen in American politics. The same can be said for the heavy nature of its supporters. Regardless of anyone’s opinion, it is difficult to argue that there were not many fights over his presidency.
There was praise and criticism about the way he conducted his campaign. Bombastic, improvised and totally unique, you either loved or hated it. More controversial were the seemingly endless investigations of events during his campaign and presidency.
The two major areas of drama revolved around allegations and investigations of involvement with Russian interference during the election itself.
After a long and prolonged investigation By special adviser Robert Mueller, the final report on whether or not the Trump campaign conspired with Russia concluded that there was insufficient evidence.
The second major moment of drama within his presidency was the questionable controversy of the quid pro quo scandal with Ukraine. It has been well covered in the news, but President Trump’s investigation and eventual impeachment revolved around whether or not he tried to motivate the President of Ukraine to “investigate” the ties of Joe Biden and Biden’s son, Hunter, to the Hunter’s place on the board of a Ukrainian gas company. The catalyst that drew attention was the fact that military aid approved for Ukraine was interrupted before the telephone conversation in which this occurred.
In the end, Trump was challenged by the Chamber of Deputies, and then acquitted by a Senate controlled by the Republicans.
Interestingly, Trump is not the biggest fan of the stock market. He has been quoted in the past as saying “he was never a big investor in the stock market”. Obviously, some of his comments came in 2016, when a slump in the market could have helped his campaign. On the other hand, the distribution of his assets implies that he strongly favors the real estate sector, which is a business he knows.
Again, most of its assets reside in the Trump Organization. It is mainly real estate, which is spread all over the world. The company owns office buildings and hotels in several places, such as Washington, DC, Las Vegas, Chicago and, of course, New York.
His golf courses and clubs include Mar-a-Lago in Florida, Doral in Miami, which he brought back from the clutter, golf clubs in the UK and many others.