Donald Trump, former President of the United States and global entrepreneur, is on a mission to demonstrate that his net worth exceeds what is known to us. However, one thing is for sure: the millionaire understands how and where to allocate his wealth. Aside from managing some of the country’s most recognizable apartment buildings, he owns a personal portfolio of gold-plated residences spanning from Manhattan to Palm Beach.
In addition, Donald Trump’s impressive car collection is often undermined. An avid car enthusiast, his vast array of automobiles includes modern premium-brand automobiles and some decade-old classics from around the world. Although Donald Trump is no longer President, the Trump family is unlikely to disappear from the public view. Here, we take a closer look at Trump’s net worth, homes, cars, and his personal family life.
Donald Trump’s Net Worth and Income Streams
Donald Trump was born into a prosperous family and received an estimated $40 million in inheritance from his late father, real estate developer Fred Trump. Following this, he also became President of The Trump Organization in 1971. Trump’s massive earnings and title have aided in the development of over 500 businesses. In addition, he is involved in various ventures, including luxury golf courses, skyscrapers, television shows, casinos, books, and merchandise. These endeavors have contributed to his current estimated net worth of $2.4 billion.
In the ’80s, Trump struck a deal with Hyatt, the city of New York, and the unprofitable Commodore Hotel adjacent to Grand Central Station. By acquiring the rights to renovate and rebrand the ailing hotel, Donald Trump became one of the area’s most prominent real estate developers.
Trump finished construction of the 68-story Trump Tower in 1984, which continues to serve as The Trump Organization’s headquarters to this day. The structure features a 60-foot waterfall and five levels of retail stores and restaurants on opening day. In addition, the entrepreneur has many successful ventures, including Trump Place, a 92-acre luxury residential community; the Trump International Hotel & Tower Chicago features a hotel, condominiums, and various restaurants and retail establishments.
Trump invested $365 million in 1988 in a fleet of Boeing 727s and landing facilities in Boston, New York City, and Washington, D.C. He also purchased the right to have his name painted on a plane. However, his attempt to establish a luxury airliner failed, and the business was shut down.
Trump businesses have not always been successful, and the businessman has faced several lawsuits. These have cost him millions in losses, legal fees, and other expenses. In 1990, the banks that backed Trump’s investments bailed him out with new loans and monetary funds of around $65 million. Trump’s well-known Taj Mahal casino in Atlantic City, New Jersey, and the Trump Hotels & Casino Resorts declared bankruptcy in 1991 and 2004. In 2009, the same company renamed Trump Entertainment Resorts, declared bankruptcy once again.
Following the storming of the United States Capitol, New York City announced it would cut ties with Donald Trump. Mayor Bill de Blasio announced on 13th January 2021 the city would terminate three contracts with The Trump Organization. Consequently, this would result in the closure of a carousel in Manhattan’s Central Park, skating rinks, and a golf course in the Bronx.
However, despite the controversies around his business ventures, Trump’s net worth remains well over $4 million.
Donald Trump’s Car Collection
Donald Trump’s car selection consists of a wide array of luxury brands, including Rolls-Royce, Lamborghini, Cadillacs, and Tesla, to name a few. Donald Trump is a fan of the Rolls-Royce brand and has previously owned multiple vehicles from the company. For example, Trump recently acquired a Rolls-Royce Phantom saloon, previously owning a 1956 Rolls-Royce Silver Cloud. This classic Rolls-Royce is considered one of the first automobiles Donald Trump purchased and is a personal favorite.
Furthermore, Trump previously owned a 1997 Lamborghini Diablo, one of the most celebrated supercars in the Italian manufacturer’s illustrious history. Trump sold his Diablo several years ago, but it garnered some online attention earlier this year when it was spotted on eBay. The car is rumored to have been sold for around $460,000.
Although the Lamborghini has passed through several owners since Trump parted with it, but to help boost its value, subsequent owners have added some Trump-related touches. This includes embellishments such as a one-of-a-kind exterior badge bearing his name.
Cadillacs are a popular choice amongst wealthy business people, and Donald Trump has previously owned multiple models from Cadillac. For example, the entrepreneur has owned the colossal Escalade SUV. He even had a pair of Trump Executive Series Cadillac limousines named after him.
Donald Trump in his limousine car
Moreover, another Cadillac on Trump’s vehicle ownership resume is the Allante, a convertible V8 that prioritized style over driving dynamics. According to Trump, he was gifted the vehicle from Cadillac. Allante is a convertible V8 that prioritized style over driving dynamics. The car was painted in his favorite color, gold. It may surprise many that Donald Trump once owned a small Tesla Roadster sports car too.
Last but certainly not any less extravagant, a custom Orange County Choppers motorcycle with gold-plated components. It was built by Paul Teutul Sr., one of the Orange County Choppers’ co-founders. Teutul Sr. is known for his appearance on a reality TV show (American Chopper), similar to Trump. After all, the latter was best known to many in the United States as the star of The Apprentice’s reality show before embarking on his ultimately successful presidential campaign.
Donald Trump’s Houses
Trump’s primary residence is a penthouse suite on the 66th floor of the Trump World Tower in New York. Each bedroom features a private bathroom suite, dressing room, and walk-in wardrobe, with Donald and Melania’s being the most lavish.
Details include a solid bronze door, opulent marble interiors inspired by the reign of Louis XIC, and an elaborate neo-classic mural. The property also features several works created as gifts by renowned artists globally. In addition, Donald Trump’s clocks and urns throughout hallways are 17th-century French antiques.
Donald Trump inside his house
Donald and Melania Trump also own a palatial beach retreat in Palm Beach, Florida, on the Mar-a-Lago estate. Marjorie Merriweather Post, a philanthropist, and socialist, built the property in 1927, and it features an abundance of rare marble, carved stone, gold leaf, and eclectic antiques. In 1985, Donald purchased the 126-room property and transformed it into an ultra-exclusive members-only club, where the family frequently spend their weekends.
Aerial view of Donald Trump’s house
To say that it is elegant is an understatement. Indeed, the home is constructed entirely of marble sourced from an old Cuban castle. At the same time, the imported Dorian stone was used for the exterior walls, arches, and portions of the interior. As a result, the house is now officially listed on the National Register of Historic Places in the United States of America.
The Trump Family
Fred Trump, Donald Trump’s father, established a successful real estate business in New York with the help of his inheritance. The family initially migrated to the United States from Bavaria and accumulated a fortune during the Klondike gold rush by opening a restaurant a hotel.
Fred faced two investigations for profiteering and a lawsuit from the US Justice Department for alleged violations of the Fair Housing Act. After being diagnosed with Alzheimer’s disease in 1997, he left most of his buildings to his children and died two years later at 93. Donald Trump and his siblings sold these properties in 2004 for more than 16 times their declared value. This allowed them to avoid paying millions in taxes and other fees.
Trump’s eldest sister and firstborn, Maryanne Trump Barry, is a retired United States federal judge. She began her career as an Assistant United States Attorney, one of only two women in the United States Attorney’s Office for the District of New Jersey. Donald Trump’s brother, Fred Sr.’s first choice to run the family business, ultimately proved unachievable. So instead, he became a pilot. At 42, he died due to alcoholism and left behind two children with his ex-wife, Linda Clapp.
Donald Trump has been married thrice. His first wife is a fashion model and entrepreneur. With Ivana Trump, Donald has three children. Don Jr, Ivanka, and Eric. Ivana played a significant part in the Trump Organization, setting the signature style still seen in their properties. After their divorce in 1992, Trump married actress, Marla Ann Maples. Together they have a daughter Tiffany Trump.
Donald Trump with his family
In 2005, Donald Trump married Melania Knauss, a Slovenian-American model. They met seven years ago during Trump’s second divorce from Marla Maples. Their lavish wedding reception, which took place at Mar-a-Lago in Palm Beach, drew many celebrities and renowned politicians, including Hillary and Bill Clinton.
Donald Sr., his eldest son, and his first wife Ivana had three children. Donald Jr. and his brother Eric have managed the Trump Organization assets during their father’s presidency. However, Trump’s daughter Ivanka Trump has always taken a far more active role in her father’s business ventures, and political career than her brothers have. Following her father’s election, she resigned from her position as Executive Vice President of the Trump Organization to become Senior Advisor to the President.