President of the United States of America Donald Trump has been ranked among the richest people on the planet for over 30 years, according to Forbes magazine. In his possession is not only a huge sum of money, but also a large share of real estate. What exactly the current US president owns and how stable his financial situation is at the moment, you can find out by reading this article.
Difference in numbers
It is worth noting that, despite the availability of various kinds of information, it is rather difficult to determine the exact financial condition of Trump: media reports vary greatly. This is primarily due to the fact that the president himself gave inaccurate data several times, exaggerating the amount of his fortune and not wanting to issue a profit declaration.
Thus, Forbes writes that the businessman has 3.7 billion dollars, while Bloomberg claims a figure of 3 billion dollars. And Fortune magazine even writes about the amount of 3.9 billion dollars. Therefore, it is almost impossible to determine an absolutely exact figure.
In 2016, a businessman's we alth declaration was published, which indicated the ranges of asset values and profits. Based on this document and the lower boundary indicated in it, thenit's safe to say that Trump's net worth is at least $1.5 billion.
Most expensive property
Donald Trump's fortune includes a huge share of real estate across America. Let's take a look at some of the largest and most expensive pieces of real estate owned by the US president.
In New York at 1290 Avenue of the Americas is a huge business center, which is 174 meters high. Trump owns 30% of the commercial space in this building. Trump's first major project was the Trump Tower, which is also located in New York. Its height reaches 202 meters. Donald owns most of this skyscraper and the land underneath. All this is estimated at 371 million dollars. Trump's fortune also includes a skyscraper called the Trump Building, 250 meters high, the land under which is estimated at $345 million.
In the sunny state of California, in the city of San Francisco, a businessman owns an office building 237 meters high. Trump's share here is 30% and is estimated by Forbes magazine at $317 million.
Detailed analysis of the financial condition
According to calculations by The New York Times, based on data from Trump's declaration, the following components can be distinguished in his condition. First of all, this is the profit that goes to Trump's fortune from his business projects and amounts to more than $600 million. This includes first classfive-star hotels, luxurious golf courses, huge areas in office buildings that are leased to large companies. Another significant share of Trump's fortune is occupied by profits received from the use of the president's name and copyrights. This share is at least $10 million. Donald Trump also owns the Miss Universe brand. Nearly $50 million is attributed to the tycoon in this area.
In addition to the above, Donald Trump's fortune includes various kinds of assets, for example, shares with a par value of more than $60 million, aircraft worth at least $58 million, and vineyards from which the businessman has about $6 million.
Last year
Donald Trump's current fortune has decreased somewhat. According to media reports, over the past year it has decreased by one billion dollars. First of all, this is due to the fact that the American president spent a lot of money on organizing the election campaign, which, of course, hit the businessman's pocket. Another reason was the fall in the value of office buildings owned by Donald Trump in New York. And Nike, which previously rented space in the NikeTown building, located on lands owned by Trump, refused to renew the lease and has already agreed with other companies on subsequent leases.
At the moment, there is no specific and accurate to the last digit data on the state of the Americanpresident. Over the past year, he was forced to contribute huge sums to his own promotion as president, so it can be assumed that his fortune has nevertheless declined and now the financial situation of businessman Donald Trump is somewhat worse than in previous years - before the presidency.
