- Home
- slideshows
- miscellaneous
- Donald Trump is the first billionaire to serve as president of the United States - here's how he spends his $3.1 billion fortune, from his 24-karat gold-plated helicopter to the $350,000 in annual alimony to his first wife
Donald Trump is the first billionaire to serve as president of the United States - here's how he spends his $3.1 billion fortune, from his 24-karat gold-plated helicopter to the $350,000 in annual alimony to his first wife
Forbes currently estimates Donald Trump's net worth to be $3.1 billion, a $400 million drop since he took presidential office in January 2017.
During his presidential campaign, Trump claimed he had a net worth of $10 billion —three times as much as it really was.
Source: Business Insider and Time
Still, he's made history as the first billionaire to serve as President of the United States.
Source: Time
Between January 2016 though the spring of 2017, Trump raked in anywhere from $597,396,914 to $667,811,903, according to a public financial disclosure report.
Source: Business Insider
While running for the presidency, Trump emptied out $66 million from his own pockets to fund his campaign, according to campaign finance disclosures examined by Reuters.
Source: Business Insider
Now as president, he also earns about $400,000 a year, which he has so far donated to the Department of Education, the Department of Interior, and the Department of Health and Human Services.
Source: Time
His presidential salary is a drop in the bucket compared to the rest of his income.
Revenue from New York City real estate alone accounts for $1.5 billion of his net worth, according to Forbes.
Source: Forbes
Sales from Central Park Carousel admission and ice skating rink operations combined add up to more than $13,000,000 in revenue.
Source: Business Insider and Center for Responsible Politics
And $170 million of his total net worth is generated from the Trump brand and licensing alone.
Source: Forbes
Hundreds of millions of dollars more are generated from golf clubs and real estate outside of New York City.
Source: Forbes
His exclusive private Mar-a-Lago club in Palm Beach, for example, is valued at $160 million.
Source: Forbes
It became even more exclusive after Trump became president. You now need to shell out $200,000 for initiation fees to join, up from $100,000 from before the election.
Source: Forbes
But among the perks afforded to you are 58 bedrooms, 33 bathrooms, 12 fireplaces, and 3 bomb shelters.
Source: Business Insider
In 2011, Trump doled out $6.2 million for a winery and vineyard in Charlottesville, Virginia. He later sold it to his eldest son, Eric. The property is known as Trump Vineyard Estates.
As far as his cash and personal assets go, they account for $320 million of his net worth, according to Forbes.
Source: Forbes
That includes his massive personal aircraft fleet, which he used to travel during his election campaign.
Source: The New York Times
Trump reportedly bought a Boeing 727 in 2010 from Microsoft co-founder Paul Allen for $100 million.
Source: Business Insider and The New York Times
According to the New York Times, the aircraft burns fuel at a rate of thousands of dollars an hour.
Source: The New York Times
He also owns a Cessna, a jet known for its low operating costs and high performance.
Source: Jet Advisors
It was reportedly worth $15.3 million bought new and $3.2 million secondhand in 2016.
Source: The New York Times and Business Insider
He also owns three Sikorsky S-76's, helicopters known for their ease-of-use.
Source: The New York Times and Wired
Previously-owned Sikorsky S-76's usually sell for $5 million to $7 million.
Source: The New York Times and Wired
With his most recently purchased S-76, Trump had the whole interior gutted and redone with 24-karat gold-plated hardware, from the seat belts and handles to his family crest emblazoned on the side of the aircraft.
Source: The New York Times and Wired
He's also indulged in road travel.
He reportedly owns a vintage Rolls-Royce Silver Cloud ...
Source: The Washington Post and Business Insider
... a Rolls-Royce Phantom, which starts at $500,000 ...
Source: The Washington Post and Business Insider
He also reportedly bought First Lady Melania a $455,000 SLR McLaren.
Source: The Washington Post and Business Insider
Trump also shelled out $30 million for a 100-cabin yacht in the 1980s and called it "Trump Princess."
Source: Cheatsheet
Trump has a penchant for suits made by Italian brand Brioni, a clothing line found in the closets of many a powerful CEO and celebrity.
Source: Business Insider and Business of Fashion and Barron's
The luxurious suits sell for anywhere between $5,250 and $6,900.
Source: Business Insider and Business of Fashion
During his tenure on the reality show "The Apprentice," Brioni supplied Trump with suits to wear on air, but while campaigning, he started paying for them himself.
Source: Business Insider and Business of Fashion
Trump purchased the St. Martin property in 2013 for an undisclosed price before listing it for sale four years later for $28 million.
Source: Forbes
It saw a price gouge since Trump was sworn into office, due to potential buyers wishing to avoid the publicity that would come with purchasing the property, according to local real estate brokers.
Source: Forbes
Over on the East Coast, Trump's Seven Springs private estate in Bedford, New York, is valued at $30 million. He bought it in 1996 for a reported $7.5 million.
Source: Forbes
And then there's the Trump Tower Penthouse in the heart of Manhattan valued at $57 million.
Source: Forbes
The penthouse is adorned in 24-karat gold and marble a la King Louis XIV.
Source: Travel and Leisure
Barron's tuition at New York's Columbia Grammar and Preparatory School was $40,000 a year.
Source: Cheatsheet and Business Insider
When Trump's election brought his family and Barron to Washington DC, Barron transferred to St. Andrew's Episcopal School in Maryland. The tuition there also costs about $40,000 a year.
Source: Cheatsheet and Business Insider
He also reportedly pays Tiffany's way through college and grad school. She currently attends Georgetown Law School, which costs upwards of $58,000.
Source: Cheatsheet
She not only received the initial $10 million from the divorce settlement, but also the 45-room mansion in Greenwich, Connecticut, that the couple shared ...
Source: Cheatsheet
There's some speculation about exactly how much Trump has donated to philanthropic causes, but he did donate $1 million of his own money to Hurricane Harvey relief efforts in 2017.
Source: Business Insider and The New Yorker
Popular Right Now
Popular Keywords
Advertisement