Donald Trump has reached baller status. There’s no other way to put it. High risk, high reward. That is essentially the condensed version of Trump. He made billions (we don’t exactly know how much, but Trump claims it is much higher than Forbes’ estimate of $4.5 billion) by investing in and developing a bunch of properties in the Manhattan region which could have, and almost did, go t*ts up (Donald would probably enjoy that expression, don’t you think?).
Of course, although Trump won’t like to admit that all of it was possible via his father’s loans (we will get into that later), Trump does seem to have a knack for turning one million into ten million. Also, we have a few spoilers. First, prepare yourself for a lot of gold. Like, a LOT. Spoiler #2: for all of the Trump supporters out there, there are a few cracks at Trump’s faux tan, but know that we did our best to resist them as much as possible. Give us credit.
So, For all intents and purposes, let’s take a look at the billions Trump is rolling in. Especially including all of his fancy toys (Melania Trump not included).
15 Mercedes-Benz SLR McLaren - $445K
14 Rolls-Royce Phantom - Over $500K
13 Sikorsky S-76 - $7M
12 Furniture, Coffee and Menswear Companies - $14M
11 Aircraft Collection - $35M
10 Penthouse - $90M
9 Mar-A-Lago, Vacation Resort/Club - $150M
8 Ten Golf Courses - $206M
7 The Trump Building On Wall Street - $345M
6 Trump Tower in Manhattan - $371M
5 Avenue of Americas Building - $409M
4 The Trump (Realty+) Organization - $3.9B
3 The Art of the Deal, Book - 1M Copies Sold
2 The Apprentice(s) - 21 Seasons, Millions Watched
1 Estimated Net Worth - $4.5B
Forbes has been trying to figure out the extent of Donald Trump’s wealth for more than 35 years. Their most current estimate puts Trump at 4.5 billion dollars, which is actually down this year. According to Trump, however, Forbes would be wrong. He claims he is worth more than $10 billion. Regardless, what we want to know is how exactly did Trump get so rich. First of all, it all started with Trump’s grandmother and father who started in the real estate business. According to Investopedia, it was Trump’s father who had the true “rags to riches” kind of story and was actually the genius in all of this. Donald was lucky to be born into a wealthy family, his inheritance worth anywhere from $40 million to $200 million. It was him who made it possible for Trump to start investing in/developing real estate as he provided the loan(s) to be able to do so.
Essentially, Trump had a lot of money and he invested it into Manhattan, which was extremely risky, but it paid off in a big way. Trump established himself as a real estate mogul but then became a household name with the book The Art of the Deal and the reality TV show The Apprentice. Trump basically made himself into a brand, which also allowed him to do a bunch of licensing deals with the Trump name on it, from fragrance to furniture. An inheritance, a risky personality, some business sense, a stroke of a luck and the desire to be a (reality) TV star made Trump the man he is today.
Sources: <span style="font-weight: 400;">BusinessInsider, </span><span style="font-weight: 400;">CheatSheet, </span><span style="font-weight: 400;">CNBC </span><span style="font-weight: 400;">Investopedia, </span><span style="font-weight: 400;">NYTimes</span>
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