What’s Donald Trump really worth? Everyone has an opinion, but has the answer: $3.7 billion, according to our most recent tally, updated Sept. 27. Rooted in real estate, the Trump fortune now depends on politics. Its most valuable asset: a stake in the publicly traded parent company to Truth Social, a right-wing Twitter knockoff that hemorrhages money and trades wildly, routinely causing Trump’s net worth to bounce around by hundreds of millions of dollars a week.
By Dan Alexander, Staff
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How Rich Is Donald Trump? $3.7 billion
ESTIMATE AS OF SEPTEMBER 2024
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Truth Social’s Parent Company: $1.6 billion
ESTIMATE AS OF SEPTEMBER 27, 2024
SCOTT OLSON/GETTY IMAGES
Trump Media and Technology Group
Net Value: $1.6B
From a financial standpoint, Trump’s social-media venture is one of the most absurd businesses in America, generating sales of just $3.4 million in the 12 months through June and recording a net loss of $380 million. Revenues are down nearly 10 percent over the previous year, even while Trump dominates most news cycles. Yet Trump-loving traders bid up shares to head-scratching prices, boosting the value of Trump’s majority stake. If someone other than the former president were behind the company, investors would probably peg it near zero.
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Real Estate: $1.1 billion
ESTIMATE AS OF AUGUST 2024
ANTHONY BEHAR SIPA/USA NEWSCOM
1290 Avenue of the Americas
Total Value: $1.7B
Debt: $950M
Net value: $208M
What Trump owns: 30% stake in office and retail
The former president has a stake in the Manhattan skyscraper that is five blocks south and one block west of Trump Tower, but he has no control over the building. It is overseen by Steven Roth, CEO of Vornado Realty Trust, who served on the economic advisory council of Trump’s 2016 campaign.
CRAIG WARGA/BLOOMBERG
6 East 57th Street
Total value: $128M
Debt: $0
Net value: $128M
What Trump owns: Two leaseholds on retail lasting until 2079 and 2094
Online shopping wounded buildings like this, a glitzy, 65,000-square-foot space just off Fifth Avenue, in the middle of what was once one of the world’s busiest retail locations. High-priced sales coming out of the pandemic injected a dose of optimism, however.
DAVID PAUL MORRIS/BLOOMBERG
555 California Street
Total value: $1.6B
Debt: $1.2B
Net value: $121M
What Trump owns: 30% of three-building complex
Trump and his partner, Vornado Realty Trust, refinanced their San Francisco tower shortly after he left office, more than doubling their debt load. Vornado hedged the variable interest rate on the new loan, while Trump initially let his portion float, costing him millions of dollars.
ERIK MCGREGOR/LIGHTROCKET/GETTY IMAGES
Trump Tower
Total value: $197M
Debt: $100M
Net value: $97M
What Trump owns: Office and retail
A analysis of records suggests that Trump lied about the size of Trump Tower, claiming it included 246,000 square feet of retail and office space. Property records list 235,000 square feet, 53,000 of which cover less-valuable common elements like elevators, public restrooms and mechanical spaces.
DANIEL ACKER/BLOOMBERG NEWS
Trump Park Avenue
Total value: $95M
Debt: $0
Net value: $95M
What Trump owns: 17 condos, portion of retail
One month after entering the Oval Office, Trump sold a penthouse apartment in Trump Park Avenue for $15.9 million. The buyer: Angela Chen, who apparently helmed a business called Global Alliance Associates, which boasted on its website that it could leverage its network with “the highest levels of government officials.”
MARCO BELLO/BLOOMBERG
Four Florida homes
Total value: $95M
Debt: $10M
Net value: $85M
Location: Palm Beach, Fla.
Trump is only known to have bought one piece of real estate while he was in office—a mansion across the street from Mar-a-Lago, which his sister sold to him for about $19 million in 2018. That seemed like plenty of money at the time, but today it looks like a bargain.
KIICHIRO SATO/AP PHOTO
Trump International Hotel & Tower Chicago
Total value: $77M
Debt: $0
Net value: $77M
What Trump owns: Retail, portion of residential and parking
The former president paid off $45 million of Deutsche Bank debt in October 2023, then terminated a mysterious second loan two months later, unburdening a property that had struggled with debt issues since its construction.
RAYMOND BOYD/GETTY IMAGES
Trump International Hotel Las Vegas
Total value: $135M
Debt: $0
Net value: $68M
What Trump owns: 50% of hotel and condos
Along with his billionaire partner Phil Ruffin, Trump sold dozens of units inside the golden tower from 2017 to 2020, making it his most active real estate property while he was in office.
BAUER-GRIFFIN/GC IMAGES/GETTY IMAGES
Residential lots
Total value: $50M
Debt: $0
Net value: $50M
Location: Rancho Palos Verdes, Calif.
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Trump Tower penthouse
Total value: $50M
Debt: $0
Net value: $50M
What Trump owns: 11,000-square-foot residence in New York City
The former president lied about the size of his home atop Trump Tower for years, claiming it was 33,000 square feet. City records indicate it’s really 10,996 square feet.
DYLAN RIVES/STRINGER/GETTY IMAGES
Trump Winery
Total value: $40M
Debt: $0
Net value: $40M
Location: Charlottesville, Va.
FRANK FRANKLIN II/AP PHOTO
Trump Parc / Trump Parc East
Total value: $27M
Debt: $0
Net value: $27M
What Trump owns: Residential condos, garage, portion of retail.
The former president offloaded three condos in Trump Parc East for a total of $7.5 million while he was in the Oval Office. In all three cases, the buyers were anonymous shell companies.
THE WASHINGTON POST/GETTY IMAGES
Seven Springs
Total value: $30M
Debt: $5M
Net value: $25M
Location: Bedford, N.Y.
MARK KAUZLARICH/BLOOMBERG
Trump Plaza
Total value: $21M
Debt: $0
Net value: $21M
What Trump owns: Two co-op units and a leasehold on retail, garage and portion of residential
JEFFREY GREENBERG/UNIVERSAL IMAGES GROUP/GETTY IMAGES
Trump World Tower
Total value: $20M
Debt: $0
Net value: $20M
What Trump owns: Commercial, garage, portion of residential
JEAN-MARC LECERF/GAMMA-RAPHO/GETTY IMAGES
Home in St. Martin
Total value: $11M
Debt: $0
Net value: $11M
Trump purchased the property in 2013 from an Indiana businessman with whom he was friends. The price was never disclosed. He listed it for sale in May 2017 for $28 million, only to slash the price a few months later. It still has not sold.
ERIC MCGREGOR/GETTY IMAGES
Trump International Hotel & Tower (New York)
Total value: $11M
Debt: $6M
Net value: $6M
What Trump owns: Retail, garage, portion of residential
Bobby Bank/WireImage/Getty Images
Briarcliff, New York land
Total value: $5M
Debt: $0
Net value: $5M
What Trump owns: Vacant land
Jamie Stoker/WWD/Penske Media/Getty Images
Two Virginia homes
Total value: $2M
Debt: $0
Net value: $2M
What Trump owns: Two homes next to one of his golf clubs
MARK KAUZLARICH/BLOOMBERG
Trump Palace
Total value: $1M
Debt: $0
Net value: $1M
What Trump owns: Storage units
SANDRA BAKER/ALAMY STOCK PHOTO
40 Wall Street
Total value: $116M
Debt: $119M
Net value: -$3M
What Trump owns: Leasehold through 2059
Trump’s tower in Lower Manhattan has struggled to generate enough cash to cover its debt expenses, according to an analysis of SEC documents. That’s bad news for Trump, who has more than $100 million of debt against the building maturing in 2025.
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Trump’s Net Worth Over Time (1982–2024)
ESTIMATES AS OF SEPTEMBER 2024
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Clubs & Resorts: $1 billion
ESTIMATE AS OF AUGUST 2024
The Trump Organization
U.S. golf clubs
Total value: $426M
Liabilities: Est. $70M
Net value: $356M
What Trump owns: 10 courses in 6 states
Trump’s golf game has been on fire since he left the White House. Estimated operating profits at his clubs jumped from $19 million in 2020 to $48 million in 2023.
JOE RAEDLE/GETTY IMAGES
Mar-a-Lago
Total value: $375M
Liabilities: Est. $33M
Net value: $342M
What Trump owns: Private club in Palm Beach, Fla.
The private club has benefited from politics more than any other property, something Trump foreshadowed in a 2016 deposition. “The manager told me recently, he said, ‘Boy, it is actually the best year we’ve ever had at Mar-a-Lago.’ And I was looking at the numbers. I said, ‘What do you attribute this to?’ He said, ‘The campaign.’” Since then, business has only gotten stronger, with initiation fees soaring and estimated profits tripling.
JOE RAEDLE/GETTY IMAGES
Trump National Doral Miami
Total value: $332M
Liabilities: Est. $135M
Net value: $197M
What Trump owns: Resort
The debt-ridden Florida golf resort lost much of its northeastern clientele after Trump got into politics, nearly putting it underwater. Plenty of new customers have arrived by now, pushing estimated profits to $25 million, double their best year during Trump’s presidency.
David Cannon/Getty Images
Three European golf properties
Total value: $100M
Debt: $0
Net value: $100M
What Trump owns: Two golf resorts in Scotland, one in Ireland
The Trump Organization has declared losses of more than $100 million at its European golf resorts, according to an analysis of records from Ireland and the United Kingdom.
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Cash: $410 million
ESTIMATE AS OF AUGUST 2024
twomeows/getty images
Cash/liquid assets
Net value: $413M
The former president now has more liquidity than he did at any point in office, having cashed out of his Washington, D.C. hotel and received an estimated $162 million from refinancing a San Francisco building. He still doesn’t have enough to fully cover his legal judgements.
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Other Assets: $120 million
ESTIMATE AS OF AUGUST 2024
JULIE THURSTON PHOTOGRAPHY/GETTY IMAGES
Licensing and management business
Total value: $96M
Debt: $0
Net value: $96M
Trump’s hotel branding business didn’t benefit from four years of polarization and the January 6 Capitol riot. Several licensees dropped the Trump name from their properties, and few people seem eager to replace them. “He has done permanent damage to the Trump name and image, at least for two or three decades,” concluded real estate analyst Kevin Brown.
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Aircraft
Total value: $13M
Debt: $0
Net value: $13M
What Trump owns: One helicopter, one airplane
JENNIFER S. ALTMAN/WASHINGTON POST/GETTY IMAGES
Loans to children
Total value: $5M
Trump’s tax returns revealed sweetheart loans for his three eldest children, Don Jr., Ivanka and Eric. Altogether, the younger Trumps paid their father about $50,000 a year in annual interest in connection with the agreements from 2015 to 2020.
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Cryptocurrency
Net value: $3M
LARRY DOWNING/GETTY IMAGES
Pensions
Net value: $2M
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Legal Liabilities: –$570 million
ESTIMATE AS OF AUGUST 2024
seng kui Lim/500px/Getty Images
Legal liabilities
Net value: -$566M
Trump is on the hook for more than $560 million in legal judgements from two court battles in New York state. With Trump vowing to fight in court, in could be months, or years, before this hole in his balance sheet is resolved. In the meantime, interest will continue to add to the total.
“Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.”
Joe Raedle/Getty Images
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