Donald Trump net worth – how did the POTUS make his money?
DONALD Trump has certainly made an impression during his term as US President.
He has told a tsunami of untruths since his inauguration in January 2017, launched tirades against media outlets he doesn't like, and seems to enjoy attacking his political rivals. But, who is the 45th US President? Let's take a look here.
What is Donald Trump’s net worth?
The US President has repeatedly bragged he is worth $10bn (£7.6bn).
In reality, his net worth is $2.7billion. His net fortune dropped by $300million in 2020.
This drop marked the steepest decline since Bloomberg began tracking his fortune in 2015.
, of which he serves as president and chairman, owns plush resorts, residential towers, real estates and golf courses.
These include the Trump Tower in New York, the Trump World Tower in Manhattan, the gold-plated Trump Hotel Las Vegas, a Palm Beach estate in Florida and 16 golf courses around the world including Trump Turnberry in Scotland.
His 2005 tax return was leaked to a US news station after which the White House released a statement insisting Trump had paid $38million (£31million) in income taxes during 2005 on an income of $150million (£123million).
That works out as a tax rate of 24 per cent, below the 27.4 per cent average of high-earning US taxpayers.
He has an interest in more than 30 properties across the US and a large portfolio of stocks and shares.
His massive business empire is now run by his sons Donald Jr and Eric along with Trump executive Allen Weisselberg.
Trump’s lawyer said the presidency has “isolated” himself from his businesses, adding he is not using his political power for his personal benefit.
Daughter Ivanka no longer works for the company.
How old is Donald Trump and what is his career history?
Born in 1946, Donald Trump, 74, is the fourth child of real estate tycoon Fred Trump.
The Trump family lived in a mansion in the Queens area of New York.
As a 13-year-old, Donald was sent to a military academy after he started misbehaving at school.
He boasts that he made money "the good old-fashioned way" but he first got into real estate with a "small" $1million loan from his father and helped manage the family's housing portfolio in the New York area.
He took control of the company in 1971, aged 25, and renamed it the Trump Organization - shifting from residential sales in Brooklyn and Queens to swanky projects in Manhattan.
The company transformed the rundown Commodore Hotel into the Grand Hyatt before developing the most famous Trump landmark, the 68-storey Trump Tower on Fifth Avenue.
Mr Trump later developed hotels and casinos, a strand of the business which has led to four bankruptcy filings.
From 2004, he hosted NBC's The Apprentice - for which he is estimated to have earned $213m (£163m) across 14 series.
Trump caused a political earthquake when he defeated former First Lady Hillary Clinton in 2016 presidential election.
An investigation into "collusion", led by Robert Mueller, was launched between the Trump campaign and Russia in May 2017.
His findings in March 2019 concluded that he "did not find that the Trump campaign or anyone associated with it conspired or coordinated with Russia in its effort to to influence the 2016 U.S. presidential election".
Donald Trump was the third US President to be impeached in December 2019 - after Bill Clinton in 1998 and Andrew Johnson in 1868.
Democrats launched an investigation following the emergence of a transcript of a phone call between Trump and Ukrainian president Volodymyr Zelensky.
In the call, Trump appeared to tell Zelensky that $400million worth of military aid would be withheld unless the Ukrainian president launched an investigation into the dealings of Hunter Biden, the son of 2020 opponent Joe Biden and a former board member at Ukrainian gas giant Burisma.
The Democrat-controlled House voted to approve charges of abuse and power and obstruction of Congress.
The President was acquitted after Senators failed to reach the necessary two-thirds majority to convict the President for abusing his power or obstructing Congress.
His younger brother Robert died on August 15.
Did Donald Trump test positive for covid?
Trump announced in the early hours of Friday October 2 that .
The president vowed "we will get through this together" as he and Melania entered quarantine following their test results.
Speaking at a press conference on Friday, Chief of Staff Mark Meadows was the latest White House voice to say the president's symptoms were "mild" and his energy was high.
US Senator Lindsey Graham reportedly spoke to Trump and said he "sounded good.";
Former vice president Joe Biden sent his "thoughts" to President Trump on Friday following his health scare revelation.
"We will continue to pray for the health and safety of the president and his family," Biden said.
Trump's right hand man, Vice President Mike Pence, also sent his well wishes on Friday.
Pence, who , said he and his wife Karen send the Trump's their "love and prayers" during their recovery.
"We join millions across America praying for their full and swift recovery. God bless you President Trump & our wonderful First Lady Melania," Pence said.
How many children does Donald Trump have?
Donald Trump has five children from three marriages. His first two marriages ended in high-profile divorces.
He married his first wife, Czech model Ivana Zelnickova in 1977 at the age of 30, when Ivana was 26.
They had three children together - Donald Jr, Ivanka and Eric - between 1977 and 1984.
The couple divorced after 15 years of marriage in 1992 after Trump had an affair with actress Marla Maples.
Donald then married Ms Maples the following year - two months after she had given birth to his fourth child Tiffany - but the pair divorced six years later in 1999.
In 2005, he married his current wife Melania - originally from Slovenia and then working as a model - and she gave birth to their son Barron a year later.
Eric and Donald Jr, who became embroiled in controversy over alleged ties to the Russian government during his father's presidential campaign, now run The Trump Organization.
Ivanka is currently working as an adviser to her father.
Her husband Jared Kushner was appointed Senior Advisor to the President of the United States following Trump's inauguration.
Tiffany, 26, has built up a large following on Instagram where she has amassed more than 1.2million followers with posts of her glamorous lifestyle.
Barron, 14, is perhaps best known for looking close to falling asleep while standing alongside his father as he made his election victory speech hours after winning the presidential race.
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What are Trump's most controversial moments as president?
- When he tweeted telling four minority US congresswomen to "go back" to their "crime infested" countries
- Separating migrant children taken from their parents at the US border
- When he responded to the Charlottesville violence by saying "Very fine people on both sides"
- He still hasn't released his tax returns
- The Mueller investigation into alleged Russian collusion
- His 'Muslim travel ban'
- Attempts to build a wall on the southern border
- The longest ever government shutdown
- The Stormy Daniels scandal
- When he mocked Christine Blasey Ford in front of a cheering audience
- His "nuclear button" tweets about North Korea
- When he signed an order banning most transgender troops from serving in the US military.
- Suspending the White House press pass of journalist Jim Acosta following 2018 midterms.
- His rift with London Mayor Sadiq Khan.
- When he tweeted calling now former UK ambassador to the US Sir Kim Darroch "very stupid"
- Crossing the Korean border in June 2019.
- to investigate the murder of journalist Jamal Khashoggi.
- Becomes third President to be impeached but acquitted by the Senate.
- Repeatedly describing the coronavirus as the "China Virus".
- When he suggested injecting disinfectant to treat coronavirus.
- Stoking "birther" conspiracy theory about presumptive Democrat VP nominee Kamala Harris.
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