Donald Trump's net worth in 2024 is $2.6 billion. Trump is a businessman, television personality, and politician and is the Republican nominee for President in the upcoming 2024 presidential election.
He recently served as the 45th President of the United States of America before losing his reelection bid to Joe Biden in 2020. As a businessman, Trump is the principal owner of The Trump Organization. Let’s take a closer look at Donald Trump’s net worth in 2024 as he becomes the first ex-president to be indicted.
What is Donald Trump’s net worth in 2024?: $2.6 billion (estimate)
Donald Trump's net worth in 2024 is $2.6 billion, according to Forbes.
Trump was born in Queens, a borough of New York City. He studied elementary at Kew-Forest School. Afterwards, Trump went to the New York Military Academy for boarding school. Trump initially attended Fordham University, but he eventually transferred to University of Pennsylvania’s Wharton School. Here, he earned a bachelor’s degree in economics.
With a privileged background, Trump already started to earn money as early as 3 years old. Coming from his father’s wealth, Trump earned an annual salary of $200,000 per year in today’s dollars. By the time he was 8, Trump increased that salary to $1 million.
In 1999, when Fred Trump passed away, his children, including Donald Trump, received a total amount of $413 million in the form of inheritance and dividends. This amount also included a building sale that allowed Trump to earn approximately $177.3 million, which is $236.2 million in modern rates.
Donald Trump begins working in Trump organization
After graduating college, Trump worked for his father at The Trump Organization. The Trump Organization earned a lot of money from owning and renting housing in New York City neighborhoods such as Brooklyn, Staten Island, and Queens.
Given Trump’s background in real estate, he continued to launch projects under his name, one of which was the Commodore. Although the building initially took a $1.5 million loss due to an economic crisis, with the help of The Trump Organization, the building was renovated and largely improved its financial performance.
Eventually, Trump would sell 50 percent stake of the building to his partners, the Pritzker family. From the transaction, Trump earned a revenue of $142 million.
Furthermore, Trump also launched the Trump Tower. The tower is a 58-foot skyscraper and residential building located on Fifth Avenue. While the Commodore and Trump Tower were some of his popular buildings, Trump’s other real estate properties include casinos, luxury hotels, and golf courses.
In New York City alone, Trump’s properties include Trump World Tower, Trump Place, 40 Wall Street, and Trump International. Among these, from 2014 to 2015 in 18.5 months, Trump International earned the most with $18.37 million based on The Wall Street Journal.
Outside of New York, Trump also owns Trump Winery, Trump Doral, Trump Chicago, Trump International Golf Links in Scotland, and many more. It’s also worth noting other owners of hotels and condominiums using the Trump name also pay The Trump Organization in order to operate.
In 2016, it was revealed that Trump had assets amounting to $1.4 billion. In late 2022, Forbes went through all of Trump's properties and put a value on them while also tracking his net worth over time.
Donald Trump writes best-selling books
Aside from his decorated real estate portfolio, Trump also engages in other ventures. As an author, Trump has written best-selling books such as The Art of the Deal, Trump 101: The Way to Success, and The America We Deserve.
Among his books, The Art of the Deal continues to find success, as the book garnered sales worth $1 million from 2018 to 2019. All of this clearly added to Donald Trump's net worth in 2023. There have been numerous other Trump companies out there as well, with varying degrees of success.
Donald Trump's earnings from The Apprentice
Trump has also appeared in various TV shows and movies, including Home Alone 2. He has also made cameos in shows such as The Jeffersons, The Fresh Prince of Bel-Air, The Nanny, Suddenly Susan, Saturday Night Live, and many more.
Trump has also engaged in wrestling by taking on a notable role in WWE Raw and Wrestlemania 23. Trump engaged in a “feud” against fellow billionaire Vince McMahon.
But among his works in filmography, Trump found most success in The Apprentice. Based on reports, Trump earned $197 million from the show.
On top of that, he earned another $230 million from licensing deals, sponsorships, and seminars. But more importantly, Trump’s appearances in The Apprentice also played a critical role in catapulting his successful presidential campaign.
Donald Trump wins presidential election
Donald Trump wins the 2016 election #ElectionNight https://t.co/FDsQA0KQc7
— TIME (@TIME) November 9, 2016
During the 2016 presidential election, Trump earned a controversial victory that established him as the 45th President of the United States. He also became the first U.S. president to be a billionaire.
As POTUS, Trump earned an annual salary of $400,000. While there were claims that Trump reportedly donated his paychecks to federal agencies, he still remained profitable from his properties and business dealings. In fact, under his presidency, foreign diplomats often paid for Trump’s hotel properties.
Donald Trump loses reelection bid
Trump’s presidential term came to an end in the 2020 Presidential Elections. Not only did Trump lose to Joe Biden, but he also became the first U.S. president to be impeached twice, although he was acquitted in both cases. Trump's presidency featured numerous scandals, and that hasn't stopped since he lost to Biden.
In the aftermath of the 2020 Election, there was the infamous Jan. 6 riot at the U.S. Capitol that featured Trump supporters entering the building, some violently, in an attempt to keep him in power. There have been ongoing investigations into what role Trump played in those efforts as he continues to deny he actually lost.
Furthermore, Trump has been under fire in a classified documents scandal, with the FBI raiding his Mar-a-Lago Club in Florida in 2022, which led to Trump's arrest in June 2023.
Donald Trump is indicted multiple times
The mug shot https://t.co/0Jz3xrC12M pic.twitter.com/EtcX0BXRjw
— Jon Passantino (@passantino) August 25, 2023
Despite what happened on Jan. 6 and all of the other scandals, Trump is still gearing up for another presidential run in 2024. However, he did become the first ex-president to be indicted, with a New York grand jury voting to indict him for his role in a hush money payment case involving porn star Stormy Daniels.
In June 2023, Trump was indicted in Florida for mishandling of classified documents. On Aug. 1, 2023, Trump was indicted once again, this time by a grand jury in Washington, D.C., led by special prosecutor Jack Smith.
On Aug. 25, 2023, Trump was indicted a fourth time in Georgia on charges that he worked to overturn the election results there in 2020. It remains to be seen how all of Trump's legal woes will play out as he eyes the presidency again in 2024.
Trump is also appealing a judgment against him in a civil fraud case in New York in which Trump was accused of overstating value of his property to obtain loans. So far, Trump has been unable to obtain a $454 million bond he needs to secure while he appeals the judgment.
Because he was rejected by sureties, who typically don't issue bonds over $100 million, many of Trump's detractors have questioned how high his net worth is. However, fellow billionaire Mark Cuban, a Trump critic himself, explained on X why Trump would have trouble securing such a high bond even with a net worth of $2.6 billion.
Net worth is completely different than cash in the bank. We were in a zero interest rate environment for a long, long time. So keeping cash in the bank or even money markets was dumb. In fact searching for yield is what killed small banks last year … And as far as the bond companies Trump's assets are mostly interests in commercial real estate and foreign assets. No bond company is loaning against them in this commercial real estate market, if ever.
As a businessman and politician, Trump has certainly emerged as one of the most polarizing figures in America. Nevertheless, were you at all stunned by Donald Trump’s net worth in 2024?
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