What is Donald Trump’s Financial Strength?
According to Forbes Magazine Donald Trump is worth around $ 3.7 billion. A year ago he was worth $800 million more or somewhere around $ 4.5 billion. The decline in his worth is due to the falling prices of real estate. Besides, many assets declined in value including his flagship business asset, Trump Tower, and his private beachfront property in Palm Beach. Donald Trump has diversified business interests and his $ value has been built from his privately owned international multinational company which is headquartered in Manhattan in New York City. From this office complex, Trump manages his many different businesses that are spread in different parts of the globe. The Trump Organization has separated from many properties that continue to bear the Trump name even though Trump no longer owns them. Read further to learn more about the Financial Strength of Donald Trump.
Financial Strength-Trump Real Estate
Trump has a finger in many pies besides real estate and these interests include construction, hospitality, entertainment, book and magazine publishing, media, model management, retail, financial services, board game development, food and beverages, business education, online travel, airlines, helicopter air services and beauty pageants The Trump organization also owns a New York television production company that produces television programs including a reality television program. Donald Trump also has interests in the Middle East in Dubai specifically where he is part owner of the largest golf course in the Middle East. His recent controversial statements about banning Muslims from America have had no real effect on his business interests in that part of the world.
The Trump Empire was started by Trump’s grandfather who made millions in the real estate business which has always been the mainstay of his business interests. After the death of his grandfather, his grandmother Elizabeth Trump started handling the business and displayed her remarkable talent for real estate development. She founded the company Elizabeth Trump and Son with her son Fred Trump (Donald Trump’s) father. Donald Trump inherited a substantial amount from his father Fred Trump including a successfully running business that he has built upon and expanded. He inherited millions but now is worth billions.
Donald Trump not exactly the richest man in the world
Donald Trump not exactly the richest man in the world, in fact, there are ten other people who own more wealth than him. However, he is so far the richest President-Elect in the United States because no president in the history of America had so much wealth when they won the presidential elections. In 1982 Donald Trump was worth some $200 million and today he claims that he is worth more than $8 billion. Many people inherit wealth and some lose all that money because they do not have the business acumen to invest it or make more money from the inherited money. Donald Trump has the business savvy that has made him one of the richest men in the world. This cannot be just luck but hard work combined with wise business decisions. Just to be in the company of Donald Trump a person should have at least $1 billion or more. Donald Trump is the richest person to win the presidential elections.