On 12/13/16, Donald Trump’s net worth, totaling $ 5.4 billion, comes from numerous holdings in hotels, casinos, golf resorts and other properties. Trump said his net worth is well over $ 10 billion. Why the $ 5 billion gap? It all boils down to controversial values for the Trump brand and several individual properties.
Trump inherited about $ 60 million from his father in 1999. He turned that fortune into a multi-billion dollar empire, although many dispute Trump’s assessment of its worth. Trump claims his brand value at more than $ 3 billion, while many in the media say it is worth much less. In addition, Trump’s official disclosure documents are vague, since the U.S. government only requires candidates to disclose the exact value of assets that are worth less than $ 50 million.
Facts about Donald Trump’s net worth
Facts about Donald Trump’s net worth
|Donald Trump Net Worth||US $ 5.4 billion (estimated for 2016)|
|Donald Trump’s net worth, according to Donald Trump||$ 8.7 billion to $ 10 billion|
|Donald Trump Net Worth vs Hillary Clinton Net Worth||132 times bigger|
|Donald Trump vs Bill and Hillary Clinton fortune combined||37 times bigger|
|Donald Trump Net Worth vs Bernie Sanders Net Worth||7,765 times higher|
|Donald Trump fortune vs Jeb Bush fortune||195 times bigger|
|Donald Trump fortune vs Barack Obama fortune||1,524 times higher|
|Donald Trump vs John Kerry Net Worth||27 times bigger|
|Donald Trump net worth vs. average U.S. equity||60.294 times higher|
|Donald Trump Net Worth vs Bill Gates Net Worth||20 times smaller|
Donald Trump’s net worth of $ 5.4 billion is about half the size of Trump. Even so, it diminishes the wealth of almost everyone on Earth. Trump’s net worth is 132 times that of Hillary Clinton’s net worth of $ 32 million. It is 37 times greater than the combined sum of Bill and Hillary Clinton’s net worth of $ 111 million and 7,765 times greater than Bernie Sanders’ net worth of $ 560,000. Trump’s net worth is 195 times that of Jeb Bush’s net worth of $ 22 million and 1,524 times greater than Barack Obama’s net worth of $ 3.2 million. Bill Gates’ net worth is $ 80 billion. That’s 20 times that of Trump’s net worth.
Donald Trump Net Worth per Year
|Donald Trump Net Worth in 2007||$ 1,400,000,000|
|Donald Trump Net Worth 2008||$ 1,500,000,000|
|Donald Trump Net Worth in 2009||$ 1,600,000,000|
|Donald Trump 2010 net worth||$ 2,000,000,000|
|Donald Trump Net Worth 2011||$ 2,000,000,000|
|Donald Trump 2012 net worth||$ 2,900,000,000|
|Donald Trump 2013 net worth||$ 2,900,000,000|
|Donald Trump 2014 net worth||$ 2,900,000,000|
|Donald Trump 2015 net worth||$ 4,500,000,000|
|Donald Trump 2016 net worth||$ 5,400,000,000|
Donald Trump’s equity story
Donald Trump’s net worth story began in 1999, when Trump’s father died. Trump inherited part of his father’s fortune estimated at $ 60 million. From that moment on, Trump became involved in a number of businesses, with some failing, but ultimately resulting in overall success.
Trump’s net equity numbers published online are sparse and vary across the fiscal map, reaching $ 10 billion in 2016 and $ 800 million in 2007. Based on our research, Trump’s wealth has grown to US $ 1.4 million in 2007. It reached the US $ 2 billion mark in 2010 and reached US $ 4.5 billion in 2015.
Donald Trump’s equity sources: hotels, casinos, golf resorts
The sum of Donald Trump’s net worth takes most of his value from the properties owned by the businessman. The top-level view of Trump’s assets and debts is shown in the table below. Trump has between $ 4 billion and $ 4.8 billion in assets such as real estate and businesses. He owns another $ 60 million to $ 172 million in stocks, bonds and other liquid assets. Your brand is valued at $ 663 million, based on annual revenue and brand agreements.
Donald Trump Net Worth
|Employment assets (property, companies)||$ 4,004,402,120||$ 4,810,005,000||$ 4,407,203,560|
|Other assets (shares, etc.)||$ 60,743,231||$ 172,601,125||$ 116,672,178|
|Trump Brand||$ 633,633,075||$ 633,633,075||$ 633,633,075|
|Real Estate Valuation Since June 2015 by 20%||$ 800,880,424||$ 962,001,000||$ 881,440,712|
|Trump Income 2016 (after taxes and estimated operating costs)||$ 102,720,800||$ 102,720,800||$ 102,720,800|
|Passive||$ 315,350,011||$ 1,169,750,000||$ 742,550,006|
|Donald Trump Net Worth||$ 4,432,629,650||$ 6,365,610,989|
|Donald Trump Average Net Worth||$ 5,399,120,320|
Donald Trump’s net worth: $ 6.1 billion
Assets totaling $ 6.1 billion contribute to the sum of Trump’s net worth. There are $ 4.4 billion in hotels, golf resorts, businesses and other properties, plus $ 116 million in financial investments and $ 663 million for the Trump brand.
Trump’s disclosure documents list 170 “employment assets” and 326 “other assets”. Of these, 23 are listed simply, “over $ 50 million”. The Trump Tower in New York is one of them, but estimates put its real value at $ 470 million. The Trump National Doral Golf Resort in Miami is another property with more than $ 50 million that has a real value of about $ 300 million.
Donald Trump assets
|40 Wall Street LLC||$ 475,000,000|
|401 North Venture Wabash LLC||$ 51,500,000|
|Operations DJT (Trump Aircraft)||$ 50,000,000|
|Fifty-Seventh Street Associates LLC Companies||$ 50,000,000|
|Trump National Golf Club – Jupiter||$ 200,000,000|
|Trump National Golf Club – Bedminster||$ 50,000,000|
|Mar-a-Lago Club LLC||$ 290,000,000|
|Seven Springs LLC||$ 50,000,000|
|Trump Turnberry (Scotland golf resort)||$ 100,000,000|
|The Trump Corporation||$ 50,000,000|
|Trump CPS LLC 61||$ 37,500,000|
|Trump National Doral (Golf Course)||$ 300,000,000|
|Trump International Golf Links – Scotland||$ 50,000,000|
|Trump International Golf Links – Florida 70||$ 37,500,000|
|Trump National Golf Club – Colts Neck||$ 50,000,000|
|Trump National Golf Club – Westchester||$ 50,000,000|
|Trump National Golf Club – Washington DC||$ 200,000,000|
|Trump Old Post Office LLC||$ 125,000,000|
|Trump Park Avenue LLC||$ 145,000,000|
|Trump Plaza LLC 100||$ 37,500,000|
|Trump Ruffin Tower I LLC (This number represents 50% of this establishment)||$ 87,000,000|
|Trump Tower Commercial LLC||$ 470,000,000|
|Trump National Golf Club – Los Angeles||$ 150,000,000|
|HWA 555 Owners LLC||$ 160,000,000|
|1290 Avenue of the Americas, NY||$ 695,000,000|
|4% stake in Starret City Associates 122||$ 37,500,000|
|Trump Tower Triplex||$ 70,000,000|
|Other Trump properties||$ 338,703,560|
|Total Trump asset value||$ 4,407,203,560|
Other assets that add to Trump’s net worth: $ 155 million
The table above shows only the average of all “employment assets” in Trump’s equity data. This includes all Trump properties, such as Trump Tower in New York, 40 Wall Street, Trump International Hotel in Chicago, the Mar a Lago Golf Club in Florida and so on. What it does not include are “other assets”, such as bank accounts or stocks and bonds. This is easier to understand, as Trump lists 362 of them and none exceeds $ 50 million.
Trump has a minimum “other assets” value of $ 78 million and a maximum of $ 232 million. This represents an average of $ 155 million in “other assets”.
Donald Trump Net Worth “Other Assets”
|Total other Trump assets||$ 60,743,231||$ 172,601,125|
|Average Trump “other assets” value||$ 116,672,178|
Donald Trump brand: $ 663 million
There is one more asset in Donald Trump’s net worth calculations: the Trump brand. This is difficult to calculate, because it may be worth what Trump says it is, at least for disclosure purposes.
The Donald Trump brand is unquestionably worth something. A golf resort that takes the name of Trump can suddenly generate a profit of $ 50 million a year. Golfers trust Trump’s name, and Trump works hard to see that they continue. Knowing this, Trump has successfully sold licenses to use his name at golf resorts around the world. Adding revenue from all Trump brand and licensing deals, we get a total of $ 36 million to $ 90 million per year.
$ 63 million a year from Trump brand activities
The average of the two maximum and minimum values above provides licensing revenue of $ 63 million per year, contributing to Trump’s equity history. One way to evaluate an asset is to calculate the total potential earnings for the next ten years. Doing this with the Trump brand generates a total value of $ 663 million. This is a far cry from the $ 3.3 billion value that Trump puts in, but it is more than many media outlets attribute to him.
Donald Trump’s equity debts
15 debts subtract Donald Trump’s equity values, according to Trump’s federal disclosures. Four of them are listed as “More than $ 50 million”. The four debts over $ 50 million are for Trump Tower, 40 Wall Street, Trump National Doral and Trump International Hotel in Chicago. All of Trump’s debt figures are in the table below. The debts have a minimum possible value of US $ 315 million and a maximum value of approximately US $ 1.1 billion. The average of the minimum and maximum reaches US $ 742 million.
Donald Trump’s debt
|Trump Tower Mortgage||$ 50,000,000||$ 260,000,000|
|40 Wall Street Mortgage||$ 50,000,000||$ 262,500,000|
|Trump National Doral Mortgage||$ 50,000,000||$ 175,000,000|
|Trump National Doral Mortgage # 2||$ 5,000,001||$ 25,000,000|
|Fifty-Seventh Street Associates Bonds||$ 5,000,001||$ 25,000,000|
|Trump Park Avenue Mortgage||$ 5,000,001||$ 25,000,000|
|Trump Plaza Mortgage||$ 5,000,001||$ 25,000,000|
|Trump’s National Golf Club Colt Neck Mortgage||$ 5,000,001||$ 25,000,000|
|Trump Mortgage National Golf Club in Washington DC||$ 5,000,001||$ 25,000,000|
|Seven Springs Mortgage||$ 5,000,001||$ 25,000,000|
|Trump International Hotel in Chicago Mortgage||$ 5,000,001||$ 25,000,000|
|1094 S Ocean Blvd Mortgage||$ 250,001||$ 500,000|
|124 Woodbridge Road Mortgage||$ 100,001||$ 250,000|
|Trump International Hotel Chicago “Spring Loan”||$ 50,000,000||$ 51,500,000|
|Trump International Hotel Chicago Term loan||$ 25,000,001||$ 50,000,000|
|Donald Trump Total Debts||$ 315,350,011||$ 1,169,750,000|
|Donald Trump average debt||$ 742,550,006|
Donald Trump Annual income and growth
Annual revenue of $ 467 million adds to Trump’s equity number. After taxes and operating costs, this is likely to reduce to around $ 102 million per year. Trump also said his net worth grew more than $ 1 billion from 2014 to 2015, thanks to improvements in the housing market.
Donald Trump Net Worth Calculations
Trump is worth a minimum of $ 4.4 billion and a maximum of $ 6.3 billion. Taking their average, the final figure is US $ 5.4 billion. Why, then, does Trump claim $ 10 billion? First, Trump values his brand at $ 3 billion.
Trump is lying? Can it just be Donald Trump earning him an extra $ 300 million a year for the next ten years? In that case, yes, it can be argued that the Trump brand is worth $ 3 billion. However, if we consider equity as “how much it actually owns at the moment”, the number is more like the $ 5.4 billion in our detailed estimate.
Donald Trump Net Worth: What does it mean politically?
One person said that Donald Trump’s equity value will make him a good president: Donald Trump. His stated reasoning is that if the goal is to make the country rich, the best leader is someone who knows how to become rich.
Trump’s critics claim that Trump’s high net worth means he’s out of touch with the average American’s financial concerns. They also point to Trump’s somewhat malleable equity (somewhere between $ 4 billion and $ 10 billion) as proof that he lacks integrity and will say and do anything to get what he wants. The Trump equity debate is likely to continue in the future.
Didn’t Trump inherit all his money and go bankrupt?
Trump’s father left about $ 60 million. That’s a lot of money, but to say that Trump’s net worth fortune was inherited tarnishes the truth. Many people inherit millions and end up with much less just a few years later. Even if Trump’s net worth is as low as $ 4.4 billion, it still means he has increased his holdings to more than 74 times the original size.
Almost nobody gets that kind of feedback unless they really know what they are doing. As for bankruptcy, Chapter 11 is generally used in business as a debt restructuring tool. The company remains afloat and its creditors must renegotiate the terms of the debt. Trump filed for Chapter 11 bankruptcy a total of four times for different businesses. In two of these cases, a small percentage of your personal property was involved and in the other two you were not.
On 12/13/16, Donald Trump chose a cabinet that, according to some media, has a combined net worth of $ 14 billion.