Inside the billion-dollar life of President Donald Trump
Updated: Dec 29, 2022
Donald Trump is the 45th president of the United States, and he is currently one of the richest people in the world. So, how does he keep up these massive earnings?
Donald Trump's lifetime wealth is estimated at roughly $3.2 billion
Donald Trump was born in Queens, New York, on June 14, 1946. His father, Fred Trump, was a real estate developer in New York City. The elder Trump would be a major influence on his son's life and career. When he was just eight years old, Donald Trump started working for his father. By age 22, he had earned $200 million from his real estate deals alone.
Today, Donald Trump's net worth is estimated at roughly $3.2 billion, according to Forbes.
He owns major properties across the United States
Trump owns a lot of notable properties, including:
Trump International Hotel Washington, D.C.
Trump World Tower in New York City
Trump Tower in Chicago, Illinois
Trump Tower in West Palm Beach, Florida
Trump National Golf Club Bedminster in Bedminster, New Jersey
Trump Palace in New York City
Trump Taj Mahal Casino Resort in Atlantic City, New Jersey
Trump National Golf Club Charlotte in Charlotte, North Carolina
His primary place of residence prior to the presidency, the Trump Tower penthouse in New York City, was valued at $50 million.
He owns five planes
You've probably seen the president's personal plane, a Boeing 757-200, which has been nicknamed "Trump Force One."
The plane is equipped with the latest in military defense technology, including an infrared camera system that detects heat signatures from oncoming missiles. The plane features three bedrooms plus quarters for two pilots and flight attendants as well as two galleys (kitchens), one for food preparation and another for dining.
The president also owns a private jet: a Cessna Citation X business jet worth up to $5.8 million.
He has authored more than 15 books
The first book Trump wrote was "The Art of the Deal", which was published in 1987 and sold more than a million copies. Since then, he's written many more—some of them memoirs and others containing advice on real estate investing—and they've all been bestsellers.
He has also authored a number of books on politics, including "The America We Deserve", "Crippled America: How to Make America Great Again", and "Time to Get Tough". Trump's latest book, "Great Again: How to Fix Our Crippled America", was published in 2015.
His Trump Organization is the owner of the Mar-a-Lago estate
The Trump Organization-owned Mar-a-Lago is worth $350 million and was built in 1927 by cereal heiress Marjorie Merriweather Post. In 1985, Trump bought the estate for $10 million. It's now a private club that costs $200,000 to join.
He also owns the Central Park Skating Rink
Trump owns the rink and rents it out to a concessionaire, who operates it under a license from Trump and pays him rent. The rink is located in New York City's Central Park and opened in 1920. It's the second-oldest skating rink in the United States, after Washington, D.C.'s National Gallery of Art Rink at Hains Point.
Conclusion
Trump is a very wealthy man who has owned and run multiple businesses. He has proven himself as a leader in many industries, including real estate and entertainment. Moving forward, it's clear he will continue with various strategies to continue increasing his fortune.
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