Tue. Nov 5th, 2024

To address the issue of the fortunes of Donald TrumpIn the case of Donald Trump, it is essential to consider the historical and family context that has undoubtedly been a decisive factor in the construction of his wealth. The forty-fifth president of United States has a complex financial history, marked by controversy and accusations, with sources of income ranging from family inheritances to more recent ventures and projects.

However, according to Forbesthe estimate of his fortune in September 2024 stands at 3.4 billion euros..

While Trump often boasts of having built himself up, he didn’t start from scratch. According to research by The New York Times in 2018, the tycoon Inherited about 384 million euros from his father.Fred Trump, during his lifetime. This inheritance, coming from the family real estate empire, provided him with a financial cushion since his childhood. From the age of 8, he was already benefiting from trust funds created by his father, which gave him early access to the business world.

Economic boom and fluctuations

Throughout his career, Donald Trump has excelled in the investment world, especially in real estate. However, estimates of his net worth have varied considerably, and Trump himself has acknowledged that his wealth “fluctuates with the markets and even with my own feelings.”which has complicated external evaluations.

Estimates of his wealth change markedly between sources, as evidenced by figures published just six months ago. While Forbes estimated his fortune at around €3.46 billion, the Bloomberg Billionaires Index valued his wealth at €7.2 billion. These huge discrepancies between figures are due to the opaque nature of many of his transactions and to his lifestyle.which also affects perceptions.

Real estate and property

Most of Trump’s fortune remains invested in real estate. Among his most notable properties are the Trump Tower on Fifth Avenue in New York and the field of golf Trump National Doral at Miami. He also owns other golf courses and resorts luxury distributed throughout the country, in addition to a wine cellar at Virginiawhich represents another source of income.

In particular, Trump Tower houses the family’s main residence, where the Republican candidate, his wife Melania and son Barron currently live. The interior of the private dwelling, which occupies the 56th, 57th and 58th floors, is decorated in gold.although its total size and number of rooms are unknown.

Another of the jewels of its heritage is Mar-a-Lago, in Floridaa 126-room, 10,000-square-foot mansiondeclared a National Historic Landmark. It has a private club inside and has been valued at several million euros. The Trump’s maintain their private home in a gated area of the property.

In addition, it is worth noting another of their properties, a jet private model Boeing 757-200 purchased with proceeds from the television show The Apprenticelaunched in 2004 and earned revenues of approximately 394 million euros. During his presidency, the aircraft remained in a hangar, but in 2021 it was taken to a workshop for refurbishment and further use. Its official name is Trump Force One.

Interior of the Trump family's private residence located in Trump Tower in New York. In the image, Donald Trump and Japan's Prime Minister Abe Shinzo during a meeting in 2018, when the tycoon was president of the United States.
Interior of the Trump family’s private residence located in Trump Tower in New York. In the image, Donald Trump and Japan’s Prime Minister Abe Shinzo during a meeting in 2018, when the tycoon was president of the United States.
Shealah Craighead. Public domain.

Material gifts and undeclared money.

In March 2023, a report accused Donald Trump of failing to declare over 100 gifts received from foreign dignitaries during his presidency, which generated even more criticism of his conduct in office. Among these gifts were 16 gifts from the crown prince of Saudi Arabia, valued at more than 42,000 euros, which included. swords and daggers decorative swords and daggers. He also received gold plated golf clubs from the Japanese Prime Minister and 17 gifts from India, with an estimated value of 44,000 euros.

In addition, in early 2024, another investigation revealed that Trump’s companies had received 7.2 million euros from foreign governments during his presidencyDespite these legal challenges and the opacity of his finances, Trump continues to diversify his sources of income.

It should also be mentioned that Trump owns a significant amount of cryptocurrencieswith an estimated value of 2.8 million euros. In addition to all this income, he also published his book Our Journey Togetherwhich was sold at 70 euros per copy and generated €18 million in gross sales in the first two months after its launch in 2021 alone.

If he is the winner in the general election for the presidency on November 5, his fortune will be boosted by an annual salary of approximately 370,000 euros.which would add a new source of income to his already voluminous portfolio.

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By David Fleshler

david Fleshler covers city and metro news for the Barnesonly Post. He has written for the Boulder Daily Camera and works as a reporter, columnist, and editor for the CU Independent, the student news publication at the University of Colorado-Boulder. His passion is learning about politics and solving problems for readers.

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