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Donald Trump Net Worth and Its Sources of Income

Donald Trump Net Worth and Its Sources of Income

Donald Trumpthe ex-president of the United States net worth is estimated at $3 billion as of March 2022 according to Forbes.

In the history of American politics, he is the only billionaire president. Last year, he was ranked #339 on the Forbes 400 list of America’s richest people.

From 1997 to 2016, Donald Trump was on The Forbes 400 list for nearly two decades, but things have gotten worse since he won the presidency. His rankings declined steadily over the five years from 2016 to 2021.

On April 9, 2022, at a rally in Selma, North Carolina, Trump made a statement that he may be the “most honest man God has ever created.” He made the statement to defend himself against several investigations into his tax affairs.

Donald Trump Net Worth 2022: Real Estate Investment Income

His fortune is linked to the performance of the real estate sector as he has made major investments in New York real estate. After Covid, there was an unprecedented surge in tech stocks, commodities, cryptocurrencies and other asset classes, but real estate prices in major cities have slumped.

Trump has licensed his name to many companies around the world. Trump’s name is worth about $56 million, according to Forbes.

He also owns a winery and a golf course. A few years ago, he moved from Trump Tower in New York City to Mar-a-Lago in Palm Beach, Florida.

Donald Trump Net Worth: Other Sources of Income

Most of Trump’s wealth is invested in real estate and a media empire. Under Trump’s leadership as chairman and president, The Trump Organization has made great strides, both in America and abroad. Trump built a huge business empire and also a personal brand for himself.

Trump made a huge amount of money over the years by appearing on TV and other media. He was the host of “The Intern” for fourteen seasons and made approximately $427.4 million from the show’s inception 2004 to 2018 before deciding to compete in the presidential race. He has appeared in feature films, TV shows and also on WWE.

Impact of the COVID-19 Pandemic on Donald Trump’s Wealth

Although Forbes magazine estimates his net worth at $3 billion, he has incurred huge costs of $600 million in 2020 due to a severe slowdown in the hotel and travel industry due to the coronavirus pandemic.

There were recently reports published in the New York Times that he owes about $400 million to entities later described by Trump as “pennies” compared to his wealth. There is also speculation among industry experts that he owes money to Russians, which Trump has denied.

Before taking the oath as US president, Trump proudly told reporters in a news conference, “I could actually run my business and run the government at the same time. I don’t like the way that looks, but I would I could do if I wanted to. I’d be the only one who could.”

Social Media app ‘Truth Social’

Donald Trump launched his own social media platform called “Truth Social” in February 2022 after being banned and suspended from social media platforms such as Twitter and Facebook.

TRUTH Social was created by the creation of a new company after the merger of the Trump Media and Technology Group (TMTG) and a special acquisition company (SPAC).

In October 2021, Digital World Acquisition Corp (DWAC), also known as SPAC, announced a definitive merger agreement with TMTG.

DWAC made the announcement later in December 2021 that it has entered into subscription agreements for $1 billion in committed capital to be received upon completion of their business combination from a broad range of global institutional investors.

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