Money & Power

How Much Is Donald Trump Worth?

The U.S. President's net worth dropped over $1 billion in the last three years.
IMAGE OLIVIER DOULIERY - POOL/GETTY IMAGES
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The presidency has not been good for Trump's personal bottom line.

With an estimated net worth of $3.1 billion on Forbes's list of the world's billionaires,Trump's fortune has declined by over $1 billion since 2015, when the publication estimated his net worth at $4.5 billion. According to a new report by the magazine, the president has fallen 138 spots lower on the latest Forbes 400 list (which will publish in full on October 3.)

"Much of that decline is due to deeper reporting, which revealed, for example, that the president had been lying about the size of his penthouse," the publication noted. It also pointed out that overall market trends and the fact that Trump's holdings include a heavy share in the retail sector at a time when e-commerce has outpaced brick-and-mortar sales is also a factor.

However, Forbes also points out that Trump's policies and public persona may be a contributing factor to his overall loss of wealth. "In further polarizing the country, he has also further polarized his business—to the tune of an estimated $200 million hit against his net worth."


Revenue at Trump's name-branded golf properties reportedly fell by 9 percent in 2017 (the latest year for which statistics are available) including at the properties he visits most. “It’s not a country club experience,” a source familiar with Trump’s golf business told Forbes of the security procedures now required to golf at Trump's most highly prized courses, including metal detectors and bomb-sniffing dogs. “It was captivating at first, but it has become tiresome.”

Meanwhile prices for Trump-branded residential real estate (though the Trump name appears on many buildings, these are largely held through licensing agreements and are only partially owned by the president) have reduced significantly from their heyday—condos in New York's Trump Tower are estimated to cost 33 percent less now than at their peak.

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Overall, Forbes estimates that Trump's New York and Chicago-based residential holdings have decreased approximately $50 million, with the Trump hotel empire bringing in $30 million less as well.

Bloomberg Billionaires Index, which has also reported a decline in Trump's net worth, now estimates the president is worth $2.84 billion. It attributed the slip in part to a drop in the values of three Manhattan office and retail properties: 40 Wall Street, Trump Tower, and 1290 Avenue of the Americas.

At the same time, documents released last June by the U.S. Office of Government Ethics and reported by the Atlantic show that Trump's losses were offset by "tens of millions of dollars in income from the golf courses and resorts whose profile he boosted during frequent visits since taking office."

The 98-page disclosure form, which was signed by the president, covers January 2016 through April 15, 2017. It reveals that Trump's assets are worth at least $1.4 billion and that he made $288 million in income from his golf courses—including $19.8 million from his Bedminster golf club—and $37.2 million from Mar-a-Lago in Palm Beach.


President Trump and the First Lady hosted Japan’s Prime Minister Shinzo Abe at Trump’s Mar-a-Lago estate in April 2018.

His time as president seems to have boosted his income from Mar-a-Lago specifically: He reported more than $15 million in income from the resort in the 2015 report, followed by $29 million in the 2016 version, according to his last two financial disclosures with the FEC.

While it's not possible to determine his exact net worth from the financial disclosures, we know it's $1.4 billion at a minimum—not quite the $10 billion plus that Trump claimed he was worth during the election last year.

It should be noted that the voluntary financial disclosure is not a tax return, which would provide a more comprehensive picture of Trump's financial situation including his complete income and tax rate. When White House spokesperson Sarah Huckabee Sanders read a letter to Trump from a nine-year-old boy named Dylan who wanted to know how much money the president has at a press conference last July, she responded, "Dylan, I'm not sure, but I know it’s a lot."

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This story originally appeared on Townandcountrymag.com.
* Minor edits have been made by the Townandcountry.ph editors.

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Sam Dangremond
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