Have you ever wondered what the net worth of Donald Trump is?
Before taking office in 2016, the polarizing 45th president of the United States made a name for himself through lucrative business dealings in the real estate industry.
He also became wildly popular through his hit show, “The Apprentice,” which aired for 15 seasons on NBC.
Donald Trump’s fortune comes from his ownership of the Trump Organization.
Trump Organization is a real estate conglomerate that owns commercial and residential properties and golf courses in the U.S., Ireland, and Scotland.
As of May 2023, Donald Trump has a net worth of $3 billion. This post will dive into how Donald Trump amassed his enormous wealth.
Table of Contents
Early Life
Donald John Trump was born at Jamaica Hospital in the Queens borough of New York City on June 14, 1946.
His parents were Frederick Christ Trump, a Bronx-born real estate developer, and Mary Anne MacLeod Trump.
Trump grew up in the Jamaica Estates neighborhood of Queens. At just the age of 13, his parents enrolled him in The New York Military Academy, a private boarding school.
This instilled in him with a rare level of discipline that played a role in his future financial success. Eventually, Donald Trump enrolled at Fordham University.
From there, he transferred to the Wharton School of the University of Pennsylvania, one of the most prestigious business programs in the world.
The Trump Organization
The net worth of Donald Trump is massive, mainly because of his success with The Trump Organization. He joined his father’s real-estate firm in 1984 after graduating from Wharton.
His big break came in 1976 when he renovated the Commodore Hotel into the Grand Hyatt, in New York.
The financial success of this move catapulted him into the conversation of New York’s best real-estate developers.
Following his success, Donald Trump began building his notorious “Trump Towers.” The first Trump Tower was a 58-floor apartment retail complex in New York City.
He then extended his properties into Atlantic City, inadvertently entering the casino/resort industries.
Net Worth of Donald Trump After “The Apprentice”
Before becoming president, Donald Trump was perhaps most popular for his boisterous role in NBC’s hit show, “The Apprentice.”
He served As co-producer and host of the reality show in which he played the role of a chief executive and contestants competed for a year of employment at the Trump Organization.
This show is likely why you know his catchphrase as: “You’re fired!” Trump famously eliminated contestants with the catchphrase on national television. Harsh.
Trump later went on to co-host a spinoff, “The Celebrity Apprentice.” The show had a similar concept to its predecessor, only celebrities competed to win money for charity.
Presidency
On June 16, 2015, Donald Trump announced his candidacy for President of the United States. Because of his background, his campaign was not initially taken seriously by political analysts.
However, he quickly rose in opinion polls and became a dark-horse candidate to win the election.
On November 8, 2016, Donald Trump was officially elected as the 45th president of the United States, defeating Democratic candidate Hillary Clinton.
According to Bloomberg, Trump restructured his business after becoming president and retained ownership of his assets through a trust managed by his children.
Donald Trump Net Worth
As of May 2023, Donald Trump has a net worth of $3 billion. Donald Trump himself has claimed multiple times that his net worth is as high as $10 billion.
His net worth is difficult to calculate since his main source of income, The Trump Organization, is a private entity.
Therefore, they do not need to disclose their financial information. Nonetheless, he is by far the wealthiest US president of all time.
Key Takeaways
The Trump Organization
Donald Trump amassed his net worth mainly through his success with the Trump Organization. The corporation accounts for half of his net worth, and he still owns it even after his US Presidency.
Making deals
Donald Trump loves to make deals. He details this passion extensively in his New York Times bestseller, “The Art of the Deal.”
Although widely debated for its, at times, immoral messaging, Trump explains in detail his passion for making deals.
His undying love for closing agreements catapulted him not only to business success but also to media success. He will truly go down as one of the most polarizing celebrities, media personalities, and politicians of all time.