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Donald Trump Net Worth 2024 : After analyzing the lavish assets that the Republican leader possessed and calculating the debts attached to them
Donald Trump Net Worth 2024 : After analyzing the lavish assets that the Republican leader possessed and calculating the debts attached to them, Forbes published a study in September 2022 that put Donald Trump net worth at $3.2 billion.
But by April 2023, Donald Trump net worth had dropped to $2.5 billion, mostly as a result of Truth Social, his commercial endeavor, failing, according to Forbes.
Even with this drop, the bulk of Trump’s fortune comes from his vast real estate assets, which are estimated to be worth $880 million, especially high-end hotels in New York City. The majority of Trump’s fortune is made up of land and buildings, along with his $290 million in real estate assets outside of New York City and $740 million in golf courses and resorts.
Donald Trump net worth in 2023 is made up of his real estate holdings, cash, and personal assets totaling $550 million, as well as his social media and brand company, which is valued at $790 million.
However, New York Attorney General Letitia James filed lawsuits against a number of Trump’s properties in September 2022. There are accusations of financial fraud against Trump and his children, Donald Jr., Eric, and Ivanka. As a result, a civil complaint has been filed, requesting $250 million and demanding a five-year ban on Trump’s commercial activity in New York State.
Additionally, the House Ways and Means Committee is requesting access to Trump’s federal income tax records from the IRS in order to scrutinize his tax returns. The US Supreme Court has temporarily barred this action, even though a lower court has allowed it.
Donald Trump's Possessions:
1290 Avenue of the Americas
According to Forbes, Trump owns thirty percent of the $348 million net worth of the office and retail spaces located within the forty-three-story structure. Upon accounting for the $950 million related debt, Trump’s total ownership stake in the skyscraper amounts to $2.1 billion.
The structure was created by Emery Roth & Son and was restored by Moed de Armas & Shannon in 2013. It was first built in 1964.
Located in the center of Manhattan, New York City, the skyscraper takes up a whole block between 51st and 52nd Streets and has a lobby completely covered in white marble. Its higher floors offer expansive views of the metropolitan skyline and Central Park.
According to Forbes, Trump is not directly in charge of the project; instead, Vornado Realty Trust CEO Steven Roth, who was a member of Trump’s economic advisory group in 2016, is in charge of monitoring.
Trump Tower
Image credit: The Trump Organization
The Trump Organization, which is in charge of overseeing all of the Trump family’s assets, has its main office at the famous Trump Tower, one of the most well-known possessions of the former US President. It is significant since it is the first structure in Trump’s portfolio to bear his name.
One of the most recognizable skyscrapers in New York City, Trump Tower was designed in 1983 by renowned architect Der Scutt and opened for business in 1985. Once upon a time, at 68 floors above Manhattan’s Fifth Avenue, it was the highest glass building in the borough.
Trump Tower has 263 residential units and retail space, Donald Trump lives there. The approximately 1,022 square meter penthouse he owns is valued at $51 million. In addition, Trump owns retail and office spaces in the skyscraper, valued at an estimated $207 million, despite having a $107 million debt.
The football phenomenon Cristiano Ronaldo is one of its notable occupants, contributing to the tower’s reputation as the residence of some of the wealthiest players in the world. The ground level of the building has a corner location where luxury brand Gucci has a prominent store facing Fifth Avenue.
Stunning views of Central Park, Midtown Manhattan, and Downtown Manhattan can be seen from the top floors, while renters, residents, and visitors may enjoy facilities like Trump Grill, Trump Café, and Trump Bar. A magnificent 60-foot waterfall adorns the eastern side, adding to the tower’s charm and grace.
Trump Park Avenue
The structure, which was once known as Hotel Delmonico, was constructed in the 1920s and is located on Manhattan’s Upper East Side at the intersection of Park Avenue and 59th Street.
The building’s interiors, which include more than 120 opulent residences, include polished hardwood floors, marble countertops, and magnificent Italian fixtures.
Trump owns 17 residences on Trump Park Avenue in addition to a share of the retail space. Forbes claims that these holdings are worth a total of $115 million, free and clear of any debt. In addition, Trump made $15.9 million in 2015 off of a penthouse sale inside the structure.
6th East 57th Street
This structure, which is next to Trump Tower, is well known for housing well-known international firms. According to reports, Trump coerced Leonard Kandell into giving 6 East 57th Street a 100-year lease that would expire in 2079 while Trump Tower was being built.
Known for its athletic lifestyle goods, Nike formerly occupied this eight-story, 6,038-square-meter skyscraper from 1995 until 2018.
The notable tenant at the moment is Tiffany & Co., who took over Nike’s premises on a sublease and inaugurated The Tiffany Flagship Next Door in 2020. Originally planned to be a temporary site before moving to 727 Fifth Avenue, the business is still located at 6th East 57th Street as of November 2022. According to Forbes, Trump’s retail leasehold is worth $133 million net.
Trump Parc and Trump Parc East
Image credit: Trump Parc East
The properties that make up Trump Parc and Trump Parc East were purchased by Donald Trump in 1981. Twelve condominiums, the garage, and a piece of the retail space are among Trump’s properties ; Forbes values them all at $44 million.
Trump Parc is a 38-story, 340-unit luxury residential building situated across from Central Park. It is a neo-classical Art Déco building that was formerly the Barbizon Plaza Hotel.
Pre-World War II luxury development Trump Parc East has seventy-five homes with wood-burning fireplaces and high-beamed ceilings. There are two to five homes on each of the building’s fourteen levels. According to Forbes, Trump sold three Trump Parc East condominiums for $7.5 million during his administration. The buyers of the units were all anonymous shell corporations.
Trump Plaza
Delve into the financial landscape of Donald Trump with insights on his net worth. Donald Trump net worth, totaling $880 million, is intricately tied to his New York holdings, including a $10 million retail leasehold, a garage, and a share of residential space within Trump Plaza. Forbes reports that the Trump campaign covered the rent for this space.
Situated in close proximity to New York City’s prestigious Museum Mile, Trump Plaza offers a prime location near Third Avenue. Constructed in 1984, this 38-story structure boasts 170 balconied apartments featuring sweeping views of the East River, Lower Manhattan, and Midtown Manhattan. With spacious interiors adorned with high ceilings and abundant windows, Trump Plaza stands as a notable fixture in the city’s skyline.
Trump International Hotel & Tower
Image credit: The Trump Organization
Trump owns the 52-story structure, which is located close to Columbus Circle at the intersection of Central Park West and Central Park South. After deducting a $6 million loan, he owns the retail space, the garage, and a portion of the residential area, for a total net worth of $12 million.
In the 1990s, Trump converted the Gulf & Western Building, which had been owned by General Electric, into a mixed-use hotel and residential complex. Situated on floors 23 through 52, the homes have a separate entrance on Central Park West.
40 Wall Street
Image credit: 40 Wall Street
Forty Wall Street is a recognizable landmark in New York City’s skyline due to its unique pyramid form and spire at the top. Originally covered in lead-coated copper, Wall Street is currently painted turquoise.
Constructed in 1930, the 72-story structure was formerly the highest building in the world. Originally known as the Manhattan Company Building, it is located close to the New York Stock Exchange (NYSE) in the city’s financial district.
It was owned by Ferdinand Marcos, the former dictator of the Philippines, in the 1980s. After purchasing it in 1995, Trump spent more than $200 million renovating it. Trump’s leasehold on the Trump Building, which was designated a landmark by the New York City Landmarks Preservation Committee in 1998, is valid until 2059. Although Forbes values the property’s net worth at $81 million, its total value is $211 million due to its $130 million debt.
Seven Springs
Image credit: The Trump Organization
Spreading over Bedford, Armonk, and Chappaqua in Westchester County, Seven Springs is an opulent estate tucked away in Bedford, New York. Its approximate area is one square kilometer.
The estate was purchased by Trump in 1996 for $7.5 million. In December 2015, its assessed value was $56.5 million, however local assessors recommended a $20 million lower value.
As of September 2022, Seven Springs’ net worth is $24 million, after a $6 million debt negated its $30 million Forbes valuation. Eugene Meyer constructed the estate in 1919. It is 4,645 square meters in size, with 60 rooms, 15 bedrooms, three pools (one inside with Italian marble), and two servant wings. Attorney General Letitia James and Manhattan District Attorney Cyrus Vance Jr. are also looking into it.
The Tudor-style house Nonesuch, constructed in 1919 by H.J. Heinz, the creator of Heinz Ketchup, is located next to the mansion.
555 California Street
This building in San Francisco, California, is one of Trump’s few forays into real estate outside of New York. With his thirty percent stake in the complex of three buildings, Donald Trump net worth is $231 million.
Trump made $600 million with Vornado Realty Trust as a partner when JPMorgan Chase & Co. supplied a $1.2 billion loan secured by a $533 million mortgage. Its net contribution to Trump’s fortune is estimated by Forbes to be $231 million.
Constructed in 1969 under the name Bank of America Tower, the 52-story building has been a favorite location for shooting, having made appearances in movies such as Towering Inferno (1974) and Dirty Harry (1971).
Trump International Hotel Las Vegas
Image credit: trumphotels.com
Known as “one of the greatest signs of all time,” the 64-story structure on Las Vegas Boulevard is a monument to Trump’s pride, as reported by the Los Angeles Times in 2011. The tower is renowned for its glass that has been impregnated with 24-karat gold, giving it a unique golden glow. Originally planned as a five-star hotel-condominium complex without a casino in 2008, the Los Angeles Times stated that the project’s development didn’t turn out to be as successful as Trump had predicted. According to Forbes, Trump owns 50% of the hotel and condominiums, which are worth $61 million net, interest-free. It has been rumored that Trump sold many apartments in the building during his administration.
Trump International Hotel & Tower Chicago
Image credit: Trumphotels.com
With its majestic vistas of Lake Michigan, Trump Tower Chicago towers over Michigan Avenue and the Chicago River. When Burj Khalifa eventually overtook it, this 92-story glass skyscraper in Abu Dhabi temporarily became the highest residential structure in the world. It was completed in 2008.
The skyscraper, which has 339 luxury guest rooms and apartments, including lavish penthouses, rises to the 89th level. The facilities comprise an expansive indoor swimming pool, a 2,136-square-meter spa, and high-class eating choices.
Despite its opulence, Forbes notes that the property has a $30 million negative net worth due to Trump’s ownership of the retail, residential, and parking spaces. According to the Washington Post, between 2015 and 2018, its net operational revenue fell from $17 million to $2 million, leaving it saddled with a massive $95 million deb
Trump winery
Image credit: The Trump Organization
Apart from his real estate holdings, Trump owns a $30 million winery in Charlottesville, Virginia. It is Virginia’s largest vineyard, located in the foothills of the Blue Ridge Mountains along the Monticello Wine Trail.
The property includes Albemarle Estate, a 2,415-square-meter palace in the Georgian style that may be reserved; it is similar to Trump’s hospitality endeavors.
According to Forbes, the vineyard is valued at $30 million, demonstrating Trump’s diverse holdings outside of real estate.
Land and houses outside of New York
Image credit: The Trump Organization
Outside of New York, Trump’s real estate holdings include Château des Palmiers, an opulent home in Terres Basses on Saint Martin. Purchased in 2013, the oceanfront villa has six bedrooms with views of the sandy beaches of Plum Bay, while the garden side has a four-bedroom home. Upscale facilities including a tennis court and spa are available at this exclusive hideaway.
Reduced to $16.9 million from $28 million when it was first advertised in 2017. This was due to a dearth of purchasers. Forbes rates its debt-free worth considerably lower, at $11 million. With the exception of a $10 million loan, Trump’s Palm Beach real estate assets in Florida, which include a $19 million home next to Mar-a-Lago, are valued at $69 million. In addition, he owns $55 million worth of residential land in Rancho Palos Verdes, California, and two $2 million residences near a golf club in Virginia.
Golf clubs and resorts
Image credit: The Trump Organization
Trump’s vast collection of golf clubs and resorts accounts for a sizable amount of his fortune in 2023. According to Forbes, the ownership of ten golf courses in six US states is valued at $226 million total, and there is no outstanding debt.
Trump has two golf facilities in Scotland and one in Ireland as part of his global golf endeavors. Forbes values these debt-free assets at a net worth of $87 million, despite a reported loss of almost $100 million.
Donald trump net worth is further enhanced by the $42 million valuation of the famed Trump National Doral Miami resort. Trump refinanced a $125 million mortgage against the property in May 2022 in reaction to losses brought on by the pandemic, raising the property’s total value to $167 million.
Mar-a-Lago
Image credit: The Mar-a-Lago Club
August 2022 saw a surprise raid by the Federal Bureau of Investigation (FBI) on President Trump’s beloved Palm Beach residence, Mar-a-Lago. Trump criticized the move and said it was unnecessary. Known as his “winter White House,” Mar-a-Lago played a crucial role in his presidency as the location of important decisions and the gathering place for world leaders.
Originally built in the 1920s as Marjorie Merriweather Post’s private home, Mar-a-Lago is 80,937 square meters in size. Its 126-room main edifice, designed in the Hispano-Moresque style, is sturdy due to its base on coral reefs. After being named a National Historic Site in 1969, it was taken up by the government and later bought by Trump in 1985. Forbes values it at $325 million. It is debt-free and has a number of facilities, including retail stores and the Mar-a-Lago Spa.
Aircraft
Image credit: Screenshot/The Trump Organization/YouTube
A 2020 Forbes article said (About Donald trump net worth) that Donald Trump owned five different aircraft, consisting of three Sikorsky S-76 helicopters, a Boeing 757, and a Cessna Citation X.
Trump put his Sikorsky S-76 helicopter, N76DT, up for sale in November 2020. Thanks to his appearances on The Apprentice and during his presidential campaigns, this distinctive red, white, and black helicopter became well-known.
The “TRUMP” insignia on the helicopter was allegedly taken off when it was put up for sale. According to Forbes, as of September 2022, Trump will only own one of his three helicopters, however its exact status is still unknown.
Trump’s Cessna Citation is a quick private jet that can carry nine people and travels at Mach 0.92. Dubbed the “crown jewel,” the Boeing 757 is equipped with lavish luxuries including dining and meeting spaces, two guest suites, a private theater, and gold-plated embellishments. According to Forbes, these aircraft have a collective net worth of almost USD 15 million.
Liquid Assets or Cash
To support Donald trump net worth, Donald Trump has USD 375 million in cash or liquid assets in addition to his business endeavors, real estate holdings, and investments. According to Forbes, USD 162 million of this amount came from the refinancing of a San Francisco home. In addition, it has been alleged that Trump made around USD 135 million from the 2022 sale of the Trump International Hotel located in Washington, D.C., for a total of USD 375 million.
Trump Media and Technology Group (TMTG)
A substantial portion of Donald Trump’s fortune originates from TMTG, which he founded in 2021 after leaving government. According to Forbes, TMTG is valued at about USD 730 million.
TMTG’s objective includes confronting Big Tech companies like Facebook and Twitter, which are accused of using their unilateral authority to restrict alternative opinions in the United States, according to the company’s 22-page description on its official website.
The summary also includes a mention of Donald Trump’s February 2022 launch of the social media platform Truth Social. Trump has been a fervent supporter of Truth Social, particularly after he was barred from using many major social media platforms because of his divisive remarks and stories that were shown to be untrue by prominent fact-checkers.
