Billionaires

Donald Trump Net Worth

Published

3 months ago

January 28, 2024

Daniel Wanburg

Donald Trump, Sr.'s Net Worth as of 2024
$3.7 Billion

Donald Trump, Sr. salary 2024
$60 Million

US President Donald John Trump Sr. was born on 14 June 1946, in Queens, New York City USA, of German (father) and Scottish (mother) descent, and is an entrepreneur, television personality, film and television producer, as well as an investor, and as of January 2017, President of the USA. Until recently, Donald Trump was perhaps best known for his multi-million dollar businesses and self-promotion, namely through such enterprises as “Trump Entertainment Resorts” and “The Trump Organization”, but also for making and losing several fortunes, at least theoretically.

So just how rich is Donald Trump? Even authoritative sources have trouble assessing Trump’s net worth, but have estimated that Donald’s wealth is somewhat less than he has variously claimed, at no more than $3.7 billion as of early 2017, accumulated through his various business interests during a career now spanning close to 50 years. However, failure to disclose tax returns as expected of a presidential candidate – allegedly because of continuing IRS audits, but denied by the IRS – continue to cast doubt over even this figure, partly because of volatility in the real estate market, but perhaps more so as Trump insists that he self-funded his presidential campaign. Significant assets include a casino and hotel in Atlantic City, which is called Trump Taj Mahal, and Trump Entertainment Resorts founded in 1995, after the purchase of the Atlantic City Hotel, where the business of the company is currently located. As President, his salary will be $400,000, plus an automatic $50,000 for expenses.

Donald Trump Net Worth $3.7 Billion

Donald Trump studied at The Kew-Forest School, but from 13 years of age he was enrolled at the New York Military Academy because of behavioural problems, and from where he eventually matriculated. Initially he registered at Fordham University, then transferred to Wharton School at the University of Pennsylvania, graduating with a BA in economics in 1968, while concurrently taking a job at his father’s company, which saw the start of his net worth. At the time, Trump wasn’t drafted for military service, initially because of deferments to study, then apparently because of heel spurs. Trump’s business career started at “Elizabeth Trump and Son”, which had been established by his father. Donald Trump took full control of it in 1971, and renamed it The Trump Organization in 1999.

Trump began acquiring various properties around New York City, among which was The Taj Mahal Casino in 1988, and quickly showed his tendency for narcissism by renaming it the Trump Taj Mahal – but which resulted in bankruptcy and financial re-structuring in 1991, including the sale of the Trump Shuttle airline and his mega-yacht, the Trump Princess. Trump’s financial situation improved somewhat when his father Fred died in 1999, and divided his estate of around $300 million equally among his four surviving children. Donald continued building properties, including his New York skyscraper called Trump World Tower which was finished in 2001, and an apartment complex in Manhattan known as Trump Place. Again, many other projects are self-named, including the Trump Marina casino, and Trump Plaza, which is a part of Trump Empire. Additionally, he has been involved in golf course design, construction of casinos and hotels, and has continued to make various investments in stocks and shares.

However, not all projects have proceeded smoothly, and Trump’s net worth has experienced considerable volatility over the years, with several real estate projects under his name having foreclosed. Further bankruptcies occurred in 1992 (Trump Plaza Hotel), 2004 (Trump Hotels and Seaside Resorts), and in 2009 (Trump Entertainment Resorts); although business bankruptcies filed under Chapter 7 of the US Bankruptcy Code,, there is no doubt that Donald had considerable personal involvement in these dealings. Regardless, the value of Trump’s stake in Trump Entertainment Resorts is estimated to amount to over $200 million, and Donald’s other, current valuable assets include Trump Entertainment Resorts Riverside South, valued at $170 million, and Trump Tower, valued at $288 million.

Trump has also been involved in marketing various real estate projects around the world, but actually owns very few – apparently using his name has been very profitable, including on projects in Mexico, Dubai and The Philippines, but that situation may not continue while in public office, and also because of the persona he projected during the presidential campaign. Even so, recently the owner of Trump Towers Istanbul, who was paying Donald for using his name, now wants to dissociate the property from him following his call to prevent Muslims entering the US. This is not the first time that Trump has faced such a problem, as he first attracted public attention in 1973 when accused of violations of the Fair Housing Act for allegedly denying rental housing to racial minorities in New York.

Donald Trump had previously received most public attention when he began making appearances in the reality game show called “The Apprentice”, which first aired in 2004, although not now with Trump’s involvement. Over his years on the show, Donald Trump became known for his flamboyant manner and blunt attitude, however, he received a couple of Emmy nominations, and a star on the Hollywood Walk of Fame apparently as a result of these shows, as well as for his appearances on WWE, during which he hosted several “WrestleMania” pay-per-views shows. In fact, for his contributions to WWE, Donald Trump was also inducted into the WWE Hall of Fame in 2013.

Aside from property and specific TV programs, between 1996 and 2015 Trump had substantial business interests in the Miss Teen USA, Miss USA, and Miss Universe beauty pageants; the latter in particular is of public interest, but subsequently lost by Trump supposedly because of racist remarks he made.

Overall, the UK Economist magazine has analysed Donald Trump’s business career, and concluded that his “…performance has been mediocre compared with the stock market and property in New York City.”

In his less-than-private personal life, Donald Trump has been married three times, firstly to Ivana Zelnickova (1977-91) a Czech model with whom he has two sons and a daughter; they divorced because of his affair with actress Maria Marples, later his second wife (1993-99). Thirdly he married Melania Knauss, a Slovenian model in 2005, and they have a son.

Daniel Wanburg

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

1 Comment

Merisa1

January 16, 2017 at 11:14 am

Donald Trump doesn’t even have the cash flow to pay his transition teams overdue paychecks right now. Trump’s having Miss Kelleyanne rob Peter to pay Paul right now for him.
From extensive research on all of Trumps money and assets I found about 85% debt. Trumps method to appear rich is all smoke and mirrors. He’s even admitted that he’s ” The King of debt”. If he sold everything today and paid back the people he stiffed plus the foreign banks he still owes $ to. I believe it was about 300M He’d be left with free and clear. Melanie his wife makes her own $ with beauty items.

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Billionaires

Mark Zuckerberg Net Worth

Published

4 weeks ago

March 20, 2024

Daniel Wanburg

Mark Elliot Zuckerberg was born on 14 May 1984, in White Plains, New York State USA into a Jewish family. He is known for making billions of dollars at a very young age. However, even if a lot of people are jealous and sceptical about Mark, they should admit that not only does he deserve all that he has, but also respect and admiration for being smart and inventive. He has created a virtual empire which we all acknowledge nowadays: is there anyone in the world who has not heard of Facebook!

So how rich is Mark Zuckerberg? According to Forbes Magazine and Bloomberg’s Billionaires list, Zuckerberg‘s net worth is estimated at $56 billion as of early-2017, making him the seventh richest person in the world, up from 15th just nine months earlier. What strikes as most comic is that Mark has a salary of only $1 dollar per year as CEO of Facebook, however, that doesn‘t stop him from being a self-made billionaire, now head of a company ranked in the 10 largest in the world, valued at $275 billion.

Mark Zuckerberg Net Worth $56 Billion

Mark was indeed an ‘A’ grade student, apparently excelling in many subjects when at Ardsley High School, ranging from physics to classics. However, above Mark‘s interest in computers stands his father. He introduced Mark to computers and wanted him to take an interest in them. Edward Zuckerberg taught his son Atari BASIC programming and later hired a software developer to train Mark privately once a week. According to David Newman, the above-mentioned tutor, the kid was unbelievably talented and soon left his teacher standing and breathless. When Zuckerberg joined the community of Harvard University, he already had a reputation as a programming genius, because “Facebook” wasn‘t actually the first convenient and useful program he had developed. His works, such as Synapse Media Player, CourseMatch and Facemash received a lot of attention and popularity. Still they cannot rate with Facebook.

Unsurprisingly, a person who begins a world-wide revolution of communication faces a lot of problems, difficulties, intrigues and scandals. Mark was accused by his former friends, the Winklevoss twins, Cameron and Tyler, of stealing their ideas. The brothers actually dreamed of building a connection between all the students of Harvard University. As we all know now, Mark improved this idea by enlarging the range of people who were allowed to use this social network. So, the accusations were at least true in part and Zuckerberg was forced to give away 1.2m Facebook shares to them. Thus there‘s always a bright side of things – the company that Mark set up has made a lot of people wealthy, not just him alone.

Regardless, according to Vanity Fair magazine, Zuckerberg was the most influential person of the Information Age in 2010. That‘s surprising because a year before he ranked only at number 23 on the same list. What‘s more, not only does Vanity Fair consider Mark as the world‘s most influential in this relatively new industry, but also New Statesman. In 2010, they ranked him as number 16 in the top 50 of the world’s most important figures. “Facebook” is considered to be the biggest social networking website on the planet, used by people of all ages, sex or nationality. Zuckerberg is respected because all he had to create such a network were his ideas and fingers that instinctively knew what to press on a keyboard.

Even though Mark Elliot Zuckerberg lost all of his friends and it doesn‘t seem that he‘s ever going to regain them, he at least has a reliable source of income – Facebook, of course. All the other similar companies that Facebook has obtained recently such as Instagram, WhatsApp, and some more must also be taken into account.

In his personal life, Mark Zuckerberg married Priscilla Chan in 2012, having met her originally in 2002. Aside from his career, Mark is a noted philanthropist, particularly to educational projects. In 2010, he joined with Bill Gates and Warren Buffett in promising to donate half of his wealth to charity over time. In 2013 he donated shares valued at $990 million to the Silicon Valley Community Foundation, and the following year $25 million towards combating the ebola disease.

Billionaires

Gautam Adani Net Worth

Published

4 weeks ago

March 20, 2024

Daniel Wanburg

Gautam Shantilal Adani was born on the 24th June 1962, in Ahmedabad, Gujarat, India and is a businessman, widely known as a founder and the chairman of the multinational conglomerate Adani Group. Adani has been active in the business of coal mining and gas distribution since 1988.

How much is the net worth of Gautam Adani? It has been estimated by authoritative sources that the overall size of his wealth is as much as $8.8 billion, as of the data presented in the middle of 2017. Adani Group is the main source of Adani’s fortune.

Gautam Adani Net Worth $8.8 Billion

To begin with, the boy with his seven siblings, was raised in Ahmedabad by his parents Shanta and Shantilal Adani. He was educated at the Sheth Chimanlal Nagindas Vidyalaya school, then entered Gujarat University to study commerce, yet he dropped out.

Currently, the billionaire Gautam Adani owns the largest brand of oil in India. The company was founded in 1988, with Gautam the founder and current president. He said he created his Group with a vision of Nation Building, that is to say by developing assets that he believes are important economic issues for the country. The Adani Group has grown rapidly by diversifying into import – export – it opened its own port in Mundra, to better control its trading operations. Construction began in 1995 and in 1998 it became one of the major sources of foreign exchange for India.

The following year, the company embarked on financial and energy speculation with coal trading, and soon created a joint venture (Adani Willmar) in the field of petroleum products trading in 2000. A second phase began for the group with the creation of large infrastructures. The company created a portfolio of ports, power stations, mines and a fleet of ships and railway lines in and out of India. In 2006, the company became the largest importer of coal in India – 11 million tons. Adani sought to be less dependent on the coal market, so he started to buy and control coal mines. Thus, he bought the Australian group Linc Energy, in order to supply the group’s coal-fired power stations. In 2008, he bought the Bunyu mine in Indonesia , with 180 million tons of coal reserves, and the following year, Adani Group became an energy company, producing 330 MW of thermal energy. In 2011, the group also decided to buy the exploitation rights of a large part of the Galilee coal basin in Australia. To prepare for the import of Australian coal, he ordered a large-capacity coal terminal at Mundra (the largest in the world) and in the same year he bought the Australian port of Abbot Point. This project is yet to come to fruition.

In 2012, the Group began a 3rd phase of development as integration infrastructure, renewing its logo and developing a new identity. The company focuses on three areas: resources, logistics and energy. Subsequently, under the direction of Gautam Adani, the Adani Group became a multinational conglomerate active in the production of electricity – especially through coal – and port terminals, logistics and agribusiness. It is India’s largest developer and port operator. The Group is the major source of Gautam Adani’s net worth.

Finally, in the personal life of Gautam, he is married to Priti and they have two children.