Donald Trump Net Worth 2020
|Celebrated Name:||Donald Trump|
|Birth Name:||Donald John Trump|
|Birth Date:||14th of June, 1946|
|Age:||73 years old|
|Birth Place:||Queens, New York|
|Spouse (Name):||Ivanca Zelinickova (1977 – 1992); Marla Maples (1993 – 1999); Melania Knauss (2005 – present)|
|Children||5 (Donald Jr., Ivanka, Eric, Tiffany, and Barron Trump)|
|Profession:||President of the United States of America and Business mogul|
|Net Worth:||3.1 Billion USD|
|Last Updated:||March 2020|
Donald John Trump is the current and the 45th president of the United States of America. Before Trump ventured into politics, he was a television personality and businessman. As of 2020, Donald Trump net worth is estimated to be about $3.1 billion. His net worth is not publicly known so that figure is the attempt of different organizations to calculate it. In 1971, he took charge of a family real-estate business which started his journey as a businessman. His company “The Trump Organization” built and renovated hotels, casinos, golf courses, and skyscrapers. After this, he started other ventures which also contributed to his net worth. From 2003 to 2015, he was the host of the reality show “The Apprentice”.
His journey to the presidency started in 2016 when he entered the race as a republican. While at the primaries level, Donald defeated 16 candidates. He was later elected as a president beating Hillary Clinton, a Democratic nominee. Since he became the president and now, his policies have sparked many protests. He is known for sparking controversies and making several misleading statements during his campaign and even now that he is a president. Donald has also been called a racist due to his comments and actions. This article is going to look at Donald Trump net worth, childhood, accomplishments, and his personal life.
Donald Trump Biography
Donald John Trump was born on the 14th of June, 1946 in Queens, New York at a Jamaica hospital. He was born to Mary Anne MacLeod Trump, a housewife, and Frederick Christ Trump, a real estate developer. He is of Scottish and German descent and was raised in Jamaica Estates in Queens. Trump attended Kew-Forest School from his kindergarten to seventh grade. When he was 13 years, he attended a private school, New York Military Academy. Years later, he attended Fordham University and later transferred to the University of Pennsylvania (Wharton School).
While he was at college, he was working at the family’s business which was called Elizabeth Trump & Son. Then in 1968, he graduated with a bachelor degree in economics. According to reports, he had graduated first from the school but he was not on their honor lists. His lawyer later threatened the school with legal action if any of Donald’s records were released.
Donald Trump Career
Donald Trump net worth started far back in 1968 when he launched his career at his father’s company, E. Trump & Son. The company was a rental house which was located in New York. He became the president of the company in 1971 and changed its name to The Trump Organization. After taking over the company, he expanded it and turned it into an umbrella for several ventures and partnerships. In 1983, he purchased a football team in the US football league which later folded up due to poor strategy.
His businesses have hosted several boxing matches and he also gave his name to a cycling stage race. In the 1980s, he started purchasing several blocks of shares in different companies. Years later, he also bought an eastern airline shuttle that had 21 planes and rights to land in NYC, Washington, D.C, and Boston. After failing to get any profit from it, he sold it off.
In 1996, he became one of the owners of Miss USA, Miss Universe, and Miss Teen USA. In 2007, he was honored with a star on Hollywood Walk of Fame for being a producer of Miss Universe. He later sold the organization. In 2004, he founded Trump University, a company that sells real estate training courses. The name was later changed to Trump Entrepreneurial Institute because the use of the term University violated state law. In 2013, New York State filed a lawsuit of fraud against the company. Trump later paid $25 million after winning the presidential election.
All these and more are major contributors to Donald Trump net worth.
Donald Trump Age, Height, and Weight
Donald Trump was born in1946 and this means as of today, the 9th of March 2020, he is 73 years old. He is 1.90m tall and weighs 110kg.
Donald Trump Net Worth 2020
All through his life then, Trump received about $413 million from his father’s business. He is also the beneficiary of the trust funds that were created by his father and paternal grandmother. He became a millionaire when he was just 28 years old. As of 1976, Fred Trump set up a trust fund of 1 million dollars for all of his children and grandchildren and the money is now about $4.5 million. In 1980 and 1981 respectively, Donald got $90,000 and $214,605 from the fund. In 1982, he graced the Forbes list of Wealthy individuals. It was later reported that he deceived people with how much he was worth and should never have been on that list.
In 2005, it was reported that Donald Trump net worth was from $150 to $250 million even though he was claiming $5 to $6 billion. He sued the reporter that published the news but he lost the case. In 2012 and 2013, he claimed to have a net worth of $7 billion and $8,737,540,000 respectively. As at 2016, Forbes ranked his net worth to be about $3.7 billion, then in 2018, it was $3.1 billion. That same year, Bloomberg Billionaires Index reported his worth to be $2.48 billion US Dollars in May and Wealth-X reported it to be about $3.8 billion in July.
As of March 5, 2019, Forbes ranked Donald Trump net worth to be about $3.1 billion making him the 715th richest globally and 259th in the United States.
Donald Trump Personal Life
Donald Trump got married to his first wife, Ivana in 1977 and they had two children, Donald Jr., and Eric Trump together. In 1991, he made headlines by being in a relationship with model, Marla Maples. After some months in affair with the model, Trump’s first marriage with Ivana fell apart and they got divorced in 1991.
He married Marla Maples in 1993 after they had their daughter, Tiffany. Four years later, the couple announced their divorce and annulled their marriage. In 1998, he met another model, Melania Klauss and they got married in 2005. They both have a son, Baron together in 2006.
After the birth of their son, Donald reportedly had an affair with a former adult film actress Stormy Daniels. It was reported that his lawyer paid her $130,000 prior to the 2016 election. The president has also been accused of sexually harassing and assaulting women while he was married to Melania. The first lady has been with him till now amidst all the allegations.
This article encompasses Donald Trump net worth, biography, personal life, and history. As of today, Mr. Trump is the president of the United States of America and perceived by many people as the most powerful man on earth.