Who is Donald Trump?
He is the President of the US and is the owner of the Trump Organization. The Trump Organization was founded by Donald’s father Fred Trump. Who named the company Elizabeth Trump & Son Co.
His father Fred Trump was a real estate developer. He was building affordable rental housing complexes in New York City. The net worth of Fred Trump was estimated at USD 300 million.
Which Amount Did he Start with?
When Trump graduated from college, he was worth about US$200,000. Which is similar to US$1.4 million in current value.
He started working in his father’s company and was given control in 1971.
Trump was very successful in building large New York and New Jersey real estate projects, using attractive architectural design to win public recognition.
He also owns several Trump-branded golf courses. His branded golf properties include the Trump Natural Doral in Miami, the Trump National Golf Club in Los Angeles. He also owns the TRUMP ABERDEEN golf course in Scotland.
He put his name on all his investments, The Trump Tower, Trump Parc, Trump Plaza, and Trump Castle. He started Trump Television City and acquired an airline with 17 jets named Trump Airlines.
In 1988 he acquired the yacht Nabila. Which he named Trump Princess. After he bought the Trump Taj Mahal in 1990, he ran into financial problems and had to sell his yacht.
It is believed that he received US$ 20 Million from Prince Waleed bin Talal al Saud for the yacht.
President Donald Trump Net Worth
Nowadays Forbes estimates the net worth of Trump at US$ 2.5 billion. Although the Trump Organization released a figure of around US$ 8 billion. But the organization is unwilling to release financial disclosures.
He owns a Boeing 757 private jet with registration N757AF. And a Cessna Citation with registration N725DT. His Boeing was originally ordered by Paul Allen. The AF refers to Allen Flight. The jet is referred to as Trump Force One.
Trump was also a passenger on board Jeffrey Epstein’s private jet.
President of the USA
In 2015 Trump announced that he would run as a candidate for the 2016 USA Presidential elections. And on November 8th he defeated Hillary Clinton in the general election.
On January 20th, 2017 he was inaugurated as the 45th President of the USA. He resided in the White House until January 20, 2021.