Donald Trump Net Worth
Donald John Trump widely known as Donald Trump is 45th and contemporary President of the United States of America. However, before entering into politics, he was the chairman and president of “The Trump” organization and the founder of “Trump Entertainment Resorts”. According to latest report from Forbes from 2017, Mr. Donald is estimated to have net worth of $3.1 billion. He had involved in large and profitable building project in Manhattan in 1971 and opened the Grand Hyatt which made him the city’s best known and most controversial developer in 1980. He had attended Fordham University and then transferred to Warton School of Finance at the University of Pennsylvania from where he earned degree in economics. As he always did well academically but also to teach about the discipline, his parents sent him to New York Military Academy at the age of 13.
After being graduated from College, he was worth about $200,000 USD. In his early career, he started working in his father’s real estate company, “Elizabeth Trump and Son”. He was able to expand the finance by convincing his father to get more liberal in the use of loans based on the equilty in the Trump apartment complexes. But aside from his convince, the business was really competitive and profit margins used to be narrow at the time. In 1971 his father gave him the control over the company. After getting the control over the company, Donald renamed the company as “Trump Organization”. He got the huge success by influencing people and then he involved in large building projects in Manhattan that offered a lot of opportunities for earning high profits.
Apart from owning the building project company, he is also the executive producer of the NBC reality show “The Apprentice” where a lot of competitors battled for high level management job in one of the Trump’s commercial enterprise. For the first of the year, Donald was paid fifty thousand US Dollar per episode. But with the increasing success of the show, his salary also got increased which is 3 million American Dollar per episode is making him one of the highest paid TV personalities. In 2004, he had filed for a trademark application for the catchphrase “You’re Fired”. He is considered to be one of the possible candidate for President of The United States in 2012.
In 2004, Donald had earned the salary of $3.75 million from each of the episode of “The Apprentice”. The estimated profits and unrealized appreciation from Trump World Tower was $290,000,000. Till 2006, his earning was $44 million and in 2015 it rose to $50 million. From the world of entertainment, Donald Trump had earned about $32 million. Similarly the estimated worth of his golf courses according to the Forbes is $127 million and the worth of his stake at Trump International Hotel and Tower Chicago is $112 million. Another asset as Personal Residence of Donald worth $50,000,000. Similarly the value of his office on the lower half of Trump Tower at 725 Fifth Ave, New York City is $288,000,000 and his real estate licensing cost $562,000,000. With his various assets, endorsements and the company he owns, Donald Trump is estimated to have net worth of $4.5 billion.
Things to know about Donald Trump
Full Name: Donald John Trump
Date of Birth: 14th June, 1946
Donald Trump in Facebook: 22M Fans on Facebook
Donald Trump in Twitter: 41.9M Followers on Twitter
Donald Trump in Instagram: 7.8M Followers on Instagram
Donald Trump Net Worth: $3.1 Billion