Trump was the 45th president of the United States. He's founder of the Trump Organization, a real estate group and licensing business that owns office and retail space in the US, including New York's 40 Wall St. and 555 California St. in San Francisco. It also has stakes in condo buildings, hotels and golf resorts in the US, Scotland and Ireland.
Trump's fortune is derived from his ownership of the Trump Organization, an international real estate conglomerate and licensing business.
He controls 30% of two office towers through a partnership with Vornado Realty Trust, and leaseholds at New York's 40 Wall St. and 6 East 57th St. He also owns the Trump National Doral golf resort, and a penthouse and commercial space in Trump Tower. These assets are valued using information in loan documents, financial disclosures and statements of financial condition he provided to lenders.
Fifteen condominiums at 502 Park Ave. in New York are valued using reported sales prices for recently sold units in the building, with a 75% discount applied to five that are rent controlled. Thirteen golf properties excluding Doral are valued using price-to-sales ratios for similar properties, based on revenue in the financial disclosure filings.
Mar-a-Lago, his Palm Beach residence that is also a club, is valued using sales of comparable single family residences as well as using price-to-sales ratios for similar businesses.
Trump owns 114.75 million shares in social media company Trump Media and Technology Group, according to the February 2024 S-4/A filing of its special purpose acquisition company Digital World Acquisition Company. That includes 36 million earnout shares added on April 23, 2024, causing a $1.2 billion jump in Trump's net worth.
Trump has certain rights to build residential buildings at some of his properties, which are excluded from the net worth calculation.
His cash investments figure comes from a 2023 deposition where Trump said he had in excess of $400 million in cash, a figure within the range of his annual ethics disclosure. A liability of $380 million is included based on the filings. A second liability of $272.1 million reflects amounts Trump was ordered to pay in lawsuits including a fraud lawsuit and defamation lawsuit, which Trump needs to put in escrow or fund with bonds during appeals.
Donald Trump was born in Queens, New York in 1946 to multi-millionaire real-estate developer Fred Trump. He attended Kew-Forest School in Forest Hills until his parents sent him to the New York Military Academy at age 13. He attended Fordham University and graduated from The Wharton School of Finance with an economics degree in 1968.
After college he joined his father's company, Elizabeth Trump and Son, later renamed The Trump Organization, which focused on middle-class rental housing in Brooklyn, Queens and Staten Island. Trump's breakthrough as one of New York's standout real-estate developers was the renovation of the Commodore Hotel into the Grand Hyatt New York in 1976.
The billionaire began building Trump Tower, a 58-floor Fifth Avenue apartment-retail complex in 1982 and later extended his reach into Atlantic City with casino properties that he combined to form Trump Hotels and Casino Resorts. His casino and resort ventures filed for bankruptcy four times between 1991 and 2009, according to a June 29, 2015 Vanity Fair article. His other real estate ventures in New York have included the Trump World Tower, Trump Place and the Plaza Hotel.
He achieved notoriety in the 1990s for his extramarital affair with Marla Maples, which led him to divorce his wife, Ivana, in 1992. He split with Maples in 1999. Trump joined forces with Mark Burnett Productions and NBC in 2004 to produce and star in the television reality show, The Apprentice. He released the fashion brand Trump Signature Collection in 2005, later adding Trump Home, a furnishings brand and fragrance Success by Trump. He received a star on the Hollywood Walk of Fame in 2007.
Trump has authored numerous books including "The America We Deserve," "Trump 101: The Way to Success," and "Trump Never Give Up: How I Turned My Biggest Challenges into Success."
He was elected president of the United States on Nov. 8, 2016, after a contentious campaign against Democratic rival Hillary Clinton. He was sworn in on Jan. 20, 2017. He was impeached for the first time in December 2019 for abuse of power and obstruction of Congress. He was impeached for a second time in January 2021 for incitement of insurrection.
After his term ended on Jan. 20, 2021, Trump moved to his Mar-A-Lago club in Palm Beach, Florida.