You all probably know that the present US president is a Billionaire. But how much exactly is the net worth of Donald Trump, the richest President in the history of the United States?
|The Trump Organisation, starring in reality TV show: The Apprentice
|45th President of the United States
|United States of America
Donald John Trump is the 45th president of the United States of America. Before becoming the president, he was a Billionaire Businessman, and a TV personality. He belongs to the Republican Party.
As of 2020, the net worth of Donald Trump’s is estimated at $2.1 Billion.
Donald Trump Early Life and Education
Donald Trump was born on June 14, 1946 in Queens, a borough of New York city. He went to Wharton School and received a Bachelor’s degree in economics. Post that, he took charge of his family business in real-estate and renamed it to “The Trump Organisation”.
Donald Trump Career – beginning of The Trump Organisation
Donald expanded the business from Queens and Broklyn to Manhattan. Under his leadership, The Trump Organisation took on many high profile contracts to develop/renovate skyscrapers, hotels, casinos, and golf courses.
In one such project, Donald Trump converted the Commodore Hotel to Grand Hyatt. His portfolio also includes skyscrapers like Trump Palace located in Manhattan, and Trump Tower located in Fifth Avenue, New York City. Trump Tower was a dream that his father, Fred had envisioned.
The expansion didn’t stop there. Trump went on to acquire many hotels and casinos including The Plaza Hotel and Taj Mahal in Atlantic City. After that, he even entered the Airline business by acquiring Eastern Airlines. It’s name was changed to the Trump Shuttle post acquisition.
Then, during the gulf war that sent oil prices soaring, many airlines suffered, including the Trump Shuttle. As a result, it was sold to American Air, but Trump boasts of having exited the business at the right time. Meanwhile, he was also putting his name everywhere he invested.
Things went really southwards in the ‘90s. As a result, his hotels and casino businesses had to file for multiple bankruptcies. But in 2004 he found his success again in a reality show called “The Apprentice”.
Donald Trump Political Career
Trump announced his candidacy for the President in 2015. His campaigns and actions challenged the establishment and earned a perception that he’d never actually win. However, people didn’t realise that his campaigns had a deeper connection to the vast majority of the working class Americans. Their fears and their anger were all addressed by him.
On one hand you have these candidates running for the President that adhere to the code, don’t want any changes, and on the other you have a TV personality who also happens to be a Billionaire. Tells people he is the only one who can fix the system because nobody knows it better than him. Talks directly about the problems of the American people and resonates with their inner feelings. Whom would you trust more with bringing about a change in the system to make America great again?
There lies the secret of Donald Trump’s election campaign and why he won. You see, it wasn’t an election campaign per se, it was Donald Trump being Donald Trump.
Before assuming the office, he handed over the Management of The Trump Organisation over to his Sons. His Daughter Ivanka, took the role of Senior Advisor to her father, now the President of the United States.
Donald Trump Net Worth
It shouldn’t come as a surprise that the majority of Donald Trump’s wealth comes from The Trump Organisation. It is the holding company of various businesses that span across various sectors and have a worldwide presence.
As of 2020, the estimated net worth of Donald Trump is about $2.1 Billion.
Donald Trump went from a real-estate builder/renovator to a TV star and even becoming the President of the United States. This story covers his journey throughout. Let us know what you think about the article, in the comment section below.