How Much Is the US President Worth these days?
Donald Trump’s real time net worth has remained stuck at some $3.1 billion since February, and might well be in for a decline as Trump’s hotel businesses continue to falter.
His net worth today ranks him 715th on Forbes’ billionaires list. His wealth stood at $4.5 billion in March 2016 before Trump became president.
Trump jumped 51 spots from 766 in 2018 while his total wealth remained the same. Forbes said Trump’s rise in ranking despite his unchanged wealth was due to the declining wealth of other billionaires.
The president still adamantly refuses to publicly release his income tax returns, which will reveal details about his true net worth. He’s also refused to divest from his business empire.
Despite his being president, Donald Trump continues to own a portfolio of hotels, golf courses and other real estate despite backlash from critics who argue his private-sector dealings represent a grave conflict of interest. Trump claims he’s turned over control of the Trump Organization to his sons Eric and Donald Jr.
Forbes reported Trump’s properties were hardly successful in 2018. It revealed Trump Tower and the 6 East 57th St. retail property in New York lost a combined $64 million in value over the past year. Trump’s Miami, Florida golf resort lost $26 million in value.
These losses were offset by a $160 million gain in Trump’s 30 percent stakes in two skyscrapers: 1290 Avenue of the Americas in New York and 555 California St. in San Francisco.
Trump's net worth is derived from five major assets -- $1.47 billion-worth of real estate in New York; $630 million real estate outside NYC; $550 million in golf courses and clubs; $310 million in cash and personal assets; and $170 million from brand businesses.
Trump last week reported $434 million in revenue from all sources in his annual financial disclosure released by the White House. Trump’s revenue last year was $18 million or 4 percent lower than the $452 million he reported 2017.
Trump also admitted to an outstanding debt of at least $315 million in 2018.
Analysts said the core of Trump’s wealth lay in his six buildings in and around midtown Manhattan. Last year, Trump reported his Mar-a-Lago resort in Florida earned $22.7 million, a drop from the $25.1 million he disclosed in 2017.
Revenue from Trump’s golf resort in Bedminster, New Jersey rose slightly to $15.73 million. His Doral golf resort in Florida generated $75.96 million in revenue, up $1.4 million from 2017.
Donald stashes most of his cash at Capital One with $50 million held in a checking and savings account that generates about $1 million in interest. Trump also owns some $250,000 in gold.