Trump is president of the United States. He's also founder of the Trump Organization, a real estate conglomerate and licensing business that owns office and retail space in the U.S., including New York's 40 Wall St. and 555 California St. in San Francisco. It also has stakes in condo buildings, hotels and golf resorts in the U.S. and U.K.
Donald Trump's net worth of $2.84B can buy ...
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Trump's fortune is derived from his ownership of the Trump Organization, a real estate conglomerate and licensing business that owns commercial and residential properties and golf courses in the U.S., Ireland and Scotland.
He controls 30 percent of New York's 1290 6th Ave. and 555 California St. in San Francisco through a partnership with Vornado Realty Trust, and leaseholds at New York's 40 Wall St. and 6 East 57th St. He also owns a penthouse in Trump Tower. These assets are valued using disclosures from Vornado, data from CBRE, DTZ and RCA and other real estate consultants, and financial disclosures compiled by Bloomberg for three of the properties.
About 20 condominiums at 502 Park Ave. in New York are valued using reported sales prices for recently sold units in the building, according to New York City's ACRIS directory. Sixteen golf and resort properties, including the Mar-a-Lago and Trump Doral in Florida, are valued using price-to-sales ratios for similar properties. Debt for these properties is included as a liability.
Trump restructured his business after he was elected president of the U.S. in November 2016 and retains ownership of his assets through a trust managed by his sons, according to comments made by Sheri Dillon, an attorney at Morgan Lewis, at a Jan. 11, 2017, press conference.
His cash investments are valued at the high end of the range filed to the Office of Government Ethics and made public in June 2017. A liability of $520 million is included based on the filing and mortgage documents. Trump said in June 2015 his fortune was $8.7 billion, including $2 billion for the golf and resort properties and $3.3 billion for "brand, branded developments and license agreements." He said in May 2016 that he was worth "more than 10" billion dollars.
Donald Trump was born in Queens, New York in 1946 to multi-millionaire real-estate developer Fred Trump. He attended Kew-Forest School in Forest Hills until his parents sent him to the New York Military Academy at age 13. He attended Fordham University and graduated from The Wharton School of Finance with an economics degree in 1968.
After college he joined his father's company, Elizabeth Trump and Son, later renamed The Trump Organization, which focused on middle-class rental housing in Brooklyn, Queens and Staten Island. Trump's breakthrough as one of New York's standout real-estate developers was the renovation of the Commodore Hotel into the Grand Hyatt New York in 1976.
The billionaire began building Trump Tower, a 58-floor Fifth Avenue apartment-retail complex in 1982 and later extended his reach into Atlantic City with casino properties that he combined to form Trump Hotels and Casino Resorts. His casino and resort ventures filed for bankruptcy four times between 1991 and 2009, according to a June 29, 2015 Vanity Fair article. His other real estate ventures in New York have included the Trump World Tower, Trump Place and the Plaza Hotel.
He achieved notoriety in the 1990s for his extramarital affair with Marla Maples, which led him to divorce his wife, Ivana, in 1992. He split with Maples in 1999. Trump joined forces with Mark Burnett Productions and NBC in 2004 to produce and star in the television reality show, The Apprentice. He released the fashion brand Trump Signature Collection in 2005, later adding Trump Home, a furnishings brand and fragrance Success by Trump. He received a star on the Hollywood Walk of Fame in 2007.
Trump has authored numerous books including "The America We Deserve," "Trump 101: The Way to Success," and "Trump Never Give Up: How I Turned My Biggest Challenges into Success."
He was elected president of the United States on Nov. 8, 2016, after a contentious campaign against Democratic rival Hillary Clinton. He was sworn in on Jan. 20, 2017.
He has a 30,000 square-foot apartment at Trump Tower in New York City.