How does Donald Trump make and spend his millions? The first billionaire US president raked it in from reality TV and real estate, owns 19 golf courses … and one year spent US$17,000 on hairstylists
- New York state recently sued Donald Trump and his eldest kids, Donald Jr., Ivanka and Eric, accusing Trump of ‘falsely inflating his net worth by billions of dollars’
- Trump is hardly hurting for cash though, gifting a US$455,000 SLR McLaren to his wife Melania and buying his ‘Trump Force One’ private jet from Paul Allen for US$100 million
Donald Trump went from real estate magnate to reality TV star to being elected the 45th president of the United States in 2016.
Worth US$3 billion, according to a Forbes tally of all the assets Trump owns, he was the first billionaire to enter the White House.
Trump’s fortune mainly stems from his property and hospitality businesses.
On Wednesday, September 19, New York’s attorney general filed a sweeping civil suit against Trump, his business and his three eldest children, Donald Jr., Eric and Ivanka. Letitia James said Trump “falsely inflated his net worth by billions of dollars” and “repeatedly and persistently manipulated the value of assets to induce banks to lend money to the Trump Organization”.
Here’s what Trump’s portfolio of golf courses, luxury cars, hotels, yachts, a vineyard and aircraft looks like.
Donald Trump is worth an estimated US$3 billion
Trump, 76, is worth an estimated US$3 billion, according to Forbes, after falling by US$1 billion during the pandemic. His holdings include several golf courses, hotels, luxury cars, yachts, a vineyard, planes and helicopters.
The former president’s fortune peaked in 2016, when he was worth an estimated US$4.5 billion.
His wealth is centred around his commercial real estate holdings, which were worth an estimated US$1.9 billion before the Covid-19 pandemic and after deducting debt, per Forbes.
