Donald Trump returns to the presidency of the United States this Monday; the Republican not only arrives with new proposals, but also with a fortune that has tripled after winning the 2024 presidential election. Here’s an overview of his net worth.
What is Donald Trump’s fortune?
Trump significantly increased his wealth in just a few weeks due to the rise in the value of his media company, Trump Media & Technology Group (TMTG). According to Forbes, his wealth stands at $5.6 billion, placing him in 357th position among the world’s richest people.
By the end of 2024, his net worth saw remarkable growth, rising from $3.9 billion at the beginning of October 2024 to $8 billion by the end of the month. This increase followed a 249.2% surge in TMTG’s stock price, which went from $16.16 to over $50 per share.
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How did Donald Trump make his fortune?
Trump’s wealth began in the real estate sector in New York. Throughout the 1980s and 1990s, the Republican businessman ventured into various industries, including casinos, hotels, and golf courses.
In 1983, he opened the Trump Tower, an iconic 58-story skyscraper that became a symbol of his brand and business success. Additionally, his participation in the TV show The Apprentice during the 2000s helped him gain public fame, establishing him as an icon of wealth and business success. This notoriety played a crucial role in his political transition in 2016.
Distribution of Trump’s wealth
Donald Trump has accumulated a fortune spanning various sectors such as real estate, media, and tourism. His real estate empire, particularly in New York and Florida, remains one of the primary sources of his wealth.
One of his key real estate assets is the iconic Trump Tower on Fifth Avenue in Manhattan, a 58-story skyscraper that combines luxury offices and private residences. He also owns a 30% stake in 1290 Avenue of the Americas and the 40 Wall Street office skyscraper.
In Florida, he owns Mar-a-Lago in Palm Beach, a private club and winter residence worth approximately $325 million. He also has properties in California, such as 555 California Street in San Francisco.
Golf courses and resorts are also a crucial part of his portfolio, both in the U.S. and Europe. Notable properties include Trump National Doral Miami, a large golf resort in Florida that hosts major tournaments. In New Jersey, he owns the Trump National Golf Club in Bedminster, often used for events and meetings.
Globally, Trump has made investments in various properties, with standout holdings like the Trump Turnberry resort in Scotland, a prestigious golf resort known for its luxury amenities and tourist appeal. Additionally, the Trump International Golf Links in Aberdeen is one of his most significant investments in the international tourism sector.
Beyond his properties and businesses, Trump has a significant amount of liquid assets and personal belongings. His financial reserves in cash and equivalents give him considerable flexibility in his business activities. Among his personal possessions are private jets, including a Boeing 757, as well as several helicopters for his travel.
Who are the richest members of Donald Trump’s government?
The 47th president of the United States is surrounded by people who have amassed substantial fortunes. Among them are:
- Elon Musk: Co-leader of DOGE, $400,000,000,000
- Charles Kushner: Ambassador to France, $7,100,000,000
- Stephen Feinberg: Deputy Secretary of Defense, $5,000,000,000
- Leandro Rizzuto Jr.: Ambassador to the OAS, $3,500,000,000
- Warren Stephens: Ambassador to the UK, $3,400,000,000
- Linda McMahon: Secretary of Education, $3,000,000,000
- Jared Isaacman: NASA Administrator, $1,700,000,000
- Howard Lutnick: Secretary of Commerce, $1,500,000,000
- Kelly Loeffler: Administrator of Small Business, $1,100,000,000
- Vivek Ramaswamy: Co-leader of DOGE, $1,000,000,000
- Steven Witkoff: Special Envoy to the Middle East, $1,000,000,000
- Scott Bessent: Secretary of the Treasury, $1,000,000,000
- Thomas Barrack Jr.: Ambassador to Turkey, $1,000,000,000
- Frank Bisignano: Administrator of Social Security, $1,000,000,000
- Mehmet Oz: Medicare and Medicaid, $315,000,000
- Chris Wright: Secretary of Energy, $171,000,000
