As president of the United States, Donald Trump was likely the wealthiest individual to inhabit the White House and his net worth remains a topic for debate.
In 2015, Donald Trump claimed in a press release that he was worth more than $10 billion, however, his net worth as of 2022 is estimated at $3 billion.
Key Takeaways
- Donald Trump is the founder of The Trump Organization, a private entity.
- He is required to submit a financial disclosure document each year, although numbers are self-reported and don’t provide an accurate estimate of his net worth.
- Forbes estimates Donald Trump’s net worth at $3 billion although Trump has claimed the value at $10 billion.
The Trump Organization
Since 1976, Donald Trump grew his wealth through global commercial, resort, and residential real estate development under the umbrella of The Trump Organization. As a private entity, The Trump Organization is not required to publish financial statements in the same manner as a publicly-traded company.
Donald Trump famously refused to publish his tax returns, which would show his annual income and taxes paid or owed. Although The New York Times published abbreviated information from Trump’s tax returns on Sept. 27, 2020, the disclosure failed to provide details about his actual net worth.
As a former president, Trump completes a required annual financial disclosure to the U.S. Office of Government Ethics. Government financial disclosures may list assets and investments but in estimates and broad value ranges. In 2021, many of Trump’s properties were valued at “over $50 million,” however, these estimates are self-reported, unaudited, and also differ from numbers The Trump Organization has reported to state and local tax officials.
71
The number of properties in the portfolio owned and operated by The Trump Organization. This total includes commercial and residential real estate, golf courses, hotels, and personal estates.
Assets
In May 2022, Forbes estimated Trump’s net worth at $3 billion, falling short of the $10 billion estimates that Trump suggested while running for office in 2015.
Forbes‘ numbers marry with the Bloomberg Billionaire’s Index, which placed the former president’s net worth at $2.97 billion in August 2020.Forbes has attempted to break down Trump’s net worth by assets.
Net Worth
The value of all assets minus liabilities.
Much of Trump’s wealth is tied to multi-use buildings in Manhattan, including retail real estate in the busy Midtown district. His highest value asset is a 30% stake in the office and retail space at 1290 Avenue of the Americas, valued at $2.2 billion, with a debt value of $950 million on the property.
The Trump Organization owns several exclusive golf properties estimated at $730 million, including clubs in Scotland and Dubai. Trump’s private golf club in Palm Beach, Fla, Mar-a-Lago, is valued at $350 million.
Trump holds approximately $275 million in cash and liquid assets. Other personal assets include three Florida homes and his 11,000-square-foot residence in New York City, the Trump Tower penthouse. Residential units throughout the United States and around the globe have an estimated value of $340 million. This includes hotels and residential locations in Chicago, Las Vegas, San Francisco, Europe, Asia, and South America.
Donald Trump announced in October 2021 that he was creating his own social media platform. Truth Social, held through Trump Media, garnered Donald Trump $430 million from investors. The Donald Trump brand, including his licensing and management business, is valued at just over $50 million.
Trump holds roughly $275 million in cash and liquid assets. Other personal assets include three Florida homes and his 11,000-square-foot residence in New York City—the Trump Tower penthouse.
Trump’s vast real estate empire includes approximately residential units throughout the United States. This includes hotels and retail locations in Chicago, Las Vegas, and San Francisco.
What Are Donald Trump’s Estimated Liablities?
Trump has a lengthy financial record which includes corporate bankruptcies and lawsuits. In 2021, Trump Organization owed $590 million in debts due within four years by 2025.
What Prominent Real Estate Locations in New York City Has Donald Trump Owned?
Donald Trump has owned and sold many buildings in New York including the Plaza Hotel, the St. Moritz Hotel, now the Ritz Carlton on Central Park South, and the land under the Empire State Building.
What Is Considered One of Trump’s Bad Investment Decisions?
In 2014, Donald Trump partnered with an Azerbaijani family that U.S. officials called notoriously unethical. The building, a five-star hotel, and residence called the Trump International Hotel & Tower Baku in Azerbaijan has never opened.
The Bottom Line
Donald Trump’s net worth has ranged in estimates from $3 billion to $10 billion. With his private firm, The Trump Organization, and its limited public disclosures, it has been difficult to capture the true net worth of his global commercial, resort, and residential real estate as well as his licensing and social media ventures.