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| Boilerpipe Text | The
net worth
of
Donald Trump
, the 45th and 47th
president of the United States
, is not publicly known. For decades,
Forbes
has assessed his wealth, currently estimating it at $6.5 billion as of February 2026.
[
1
]
[
2
]
Meanwhile,
Bloomberg
estimated his wealth at $7.08 billion in January 2025.
[
3
]
After the early 2025 launch of
$Trump
, Trump's own
cryptocurrency
,
Axios
temporarily estimated his net worth to be $58 billion.
[
4
]
He received gifts, loans, and inheritance from his father,
Fred Trump
, who was a
real-estate developer
and businessman.
Donald Trump's primary business
has been real estate ventures, including hotels, casinos, and golf courses. He also made money from Trump-branded products including
neckties
,
steaks
, and
urine tests
.
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]
Money received through political fundraisers is used to pay for guest stays at properties owned by
the Trump Organization
and to pay his and his allies' lawyers.
[
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]
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]
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]
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During his second presidency, Trump has enriched himself considerably, including through foreign business deals.
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On his conflicts of interest and business dealings while in office, Trump said, "I found out that nobody cared, and I’m allowed to."
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]
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Gifts, loans, and other wealth from his father
Drawing upon more than 100,000 pages of tax returns and financial records from
Fred Trump
's businesses and interviews with former advisers and employees,
the
New York Times
found 295 distinct streams of revenue that Fred Trump created over five decades in order to channel his wealth to his son.
[
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]
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In a 2007 sworn deposition, he acknowledged borrowing $9.6 million from his father's estate, and on the presidential campaign trail in 2015, he admitted to borrowing $1 million from his father as a young adult.
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]
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Trust funds
Trump is the beneficiary of several
trust funds
set up by his father and paternal grandmother, which began in 1949 when he was three.
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17
]
According to
The New York Times
, he "was a millionaire by age 8."
[
13
]
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14
]
In 1976, Fred Trump set up trust funds of $1 million ($5.7 million in 2025 dollars) for each of his five children and three grandchildren. Donald Trump received $90,000 in 1980 and $214,605 in 1981 through the fund.
[
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Tax fraud
For four years, Fred Trump held shares in the
Trump Palace
condos
, and in 1991, he sold them to his son well below their purchase price, masking what could be considered a hidden donation and giving him the benefit of a
tax write-off
.
[
14
]
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Fred Trump died in 1999. In 2018, when the matter came to light, the
New York State
tax department
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]
and
New York City
officials
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]
said they would investigate.
The court found that Donald Trump had for years committed
fraud
against banks, insurers, and others by exaggerating his net worth and significantly overvaluing assets in documents used to make deals and secure financing. The fraud included two of his residences: his
apartment in Trump Tower
(the statements claimed it was roughly triple its true size and value)
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and
Mar-a-Lago
(the statements inflated its value by approximately 22 times).
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]
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]
[
a
]
In 2024, Trump was found liable for $355 million in
disgorgement
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]
and roughly $100 million in
interest
.
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29
]
His oldest two sons (
Donald Trump Jr.
and
Eric Trump
) were ordered to pay $4 million each, while
Allen Weisselberg
was ordered to pay $1 million.
[
30
]
After the decision, interest continued to accrue. As Donald Trump did not pay the judgment while he appealed the decision, by the end of 2024, the total he owed had increased to over $500 million.
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Inheritance
In 1993, when Trump took two loans totaling $30 million from his siblings, their anticipated shares of Fred's estate amounted to $35 million each.
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Upon Fred Trump's death in 1999, his will divided $20 million (after taxes) among his surviving children.
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Pre-presidency
Lawsuits
From the 1970s until he was elected president in 2016,
Donald Trump
and his businesses were involved in over 4,000 legal cases in
U.S. federal
and
state courts
, including battles with casino patrons, million-dollar real estate lawsuits, personal
defamation
lawsuits, and over 100 business tax disputes.
[
35
]
At least 25 women accused him
[
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]
of
sexual harassment or sexual assault
.
[
37
]
[
38
]
Real estate
In 2015, in
Manhattan
,
Trump's name was displayed on 17 buildings
, plus
Wollman Rink
, and, in the
Bronx
, his name was on the Trump Golf Links golf course. Where his name appears on a building, it does not necessarily mean he owns the building; it represents his ownership of a unit within the building, a licensing agreement or condition of sale, or property management by the Trump Organization.
[
39
]
The Apprentice
From his television show
The Apprentice
and related licensing and endorsements, Trump received $427.4 million from the show's beginning in 2004 through 2018.
Due largely to income received from the show, he paid a combined $70.1 million in federal taxes in 2005, 2006, and 2007. He paid no taxes in 2008. When he filed taxes in 2009, he declared over $700 million in business losses and, on that basis, he asked for a refund of his federal income taxes paid in 2005–2007. He was eventually refunded the $70.1 million plus over $2.7 million in interest. As of 2020,
auditors
were still considering the matter. If he is asked to return that federal refund, then, considering added interest and penalties, he may owe over $100 million to the federal government.
The
New York Times
said: "He also received $21.2 million in state and local refunds, which often piggyback on federal filings," and he may be obligated to return those refunds, too.
[
40
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Foundation
Trump formed his charitable foundation in 1988. In the first decade of the 2000s, he gave away $2.8 million through the foundation (though he had pledged three times that amount). He stopped personally contributing to the foundation in 2008, though he accepted donations from others.
[
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]
In 2018, the foundation agreed to shut down. It was facing a
civil lawsuit by the New York attorney general
(AG) that alleged "persistently illegal conduct" including self-dealing and funneling campaign contributions. Furthermore, it had never been properly certified in New York and did not submit to the annual audit that would have been required.
[
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]
In November 2019, Trump was ordered to pay a $2 million settlement for misusing the foundation for his business and political purposes.
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First presidency
"I became President because of the brand...I think it's the hottest brand in the world," Trump testified in April 2023 in the New York civil investigation. He suggested that the "brand value" of the U.S. presidency had been worth to him "maybe $10 billion or something."
[
45
]
During his presidency, Trump reported over $1.6 billion of outside revenue and income from his companies, including
the Trump Organization
. "While Trump publicly took credit for donating his taxpayer-funded salary,"
Citizens for Responsibility and Ethics in Washington
noted that the presidential salary he donated was not even one-thousandth of what he was earning as a businessman.
[
46
]
Nonetheless, the Forbes estimate of his wealth decreased from $3.7 billion just before he took office
[
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to $2.5 billion when he left it.
[
48
]
Five months into his presidency, the Trump Organization paid off a loan to L/P Daewoo, a company with ties to
North Korea
. During the campaign, the debt of nearly $20 million had not been mentioned in the Trump campaign's
financial disclosure filings
.
[
49
]
Political donations from small and large donors alike ended up funding Trump's personal businesses. During his presidency, his businesses received $8.5 million from political fundraising under his control, including the Trump campaign, and $2 million from other Republican fundraising sources.
[
50
]
Though the Trump Organization claimed it would let federal employees who traveled with President Trump stay at his properties “for free” or “at cost”, it charged the
Secret Service
up to $1,185 per night, generating over $1.4 million in Secret Service lodging expenses over four years. This bill is charged to taxpayers and paid to the Trump Organization.
[
51
]
During the first two years of his term, the governments of
China
,
Turkey
,
Malaysia
,
Saudi Arabia
,
Qatar
, and the
United Arab Emirates
spent a combined total of over $700,000 at the
Trump International Hotel in Washington, D.C.
[
52
]
For federal income taxes, Trump paid $750 in 2017, a combined $1.1 million in 2018 and 2019 (when his taxable income was nearly $23 million and nearly $3 million respectively), and nothing in 2020 (when he reported a loss of over $16 million).
[
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]
The January 2024 report released by the Democratic members of the
House Oversight Committee
detailing over $7.8 million in payments made by foreign governments to Donald Trump during his presidency
On March 17, 2023, Washington, D.C. representative
Jamie Raskin
, Ranking Member of the
Committee on Oversight and Accountability
, released a report on
Donald Trump
. Trump and his family members were accused of failing to publicly provide details about more than 100 foreign gifts he received. Some records disclosed that Saudi Arabia's crown prince
Mohammad bin Salman
provided 16 unreported gifts worth more than $45,000 to Trump, including swords and daggers. Japanese Prime Minister
Shinzo Abe
gifted Golden Golf Clubs to Trump.
India
provided 17 gifts, with an estimated value of $47,000.
[
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]
On January 3, 2024, Raskin and House Oversight Committee Democrats released a report showing that Trump's businesses had received $7.8 million in payments from foreign governments during his presidency. On January 10, during a
Fox News
town hall, Trump admitted that foreign governments had paid him for hotel stays. "I was doing services for that," Trump said. Raskin demanded that Trump return all money received to the
U.S. Treasury
.
[
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]
Because the ruling in the
New York civil case
banned him from “borrowing from New York-chartered banks until 2027,” the Financial Times wrote in February 2024, “this sharply raises the leverage of potential lenders in the Gulf and elsewhere.”
[
56
]
Between presidencies
Loans and accounting
After Trump lost the
2020 election
,
Deutsche Bank
senior banker
Rosemary Vrablic
announced on December 22, 2020, that she was resigning from the bank, effective December 31. The reasons for her resignation were unknown, but the
New York Times
provided context: In 2011, Vrablic had taken Trump as a client and loaned him $300 million, although this was controversial within the bank, especially as Trump had defaulted on a large loan they'd given him just three years earlier. She also engaged in personal business transactions with Trump. It was expected that Deutsche Bank employees would be asked to testify before a grand jury in the
criminal investigations of the Manhattan DA
.
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]
In February 2022, Trump's longtime accounting firm,
Mazars
, said it no longer trusted his information and would no longer serve as his accountant.
[
58
]
Nonetheless, that month,
Axos Bank
loaned Trump $100 million on Trump Tower at 4.25 percent for 10 years. In May 2022, it loaned him $125 million on his
Doral golf resort
at 4.9 percent for 10 years. Axos CEO Gregory Garrabrants authorized both loans.
[
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]
Trump's 2024 assets were valued at $1.6 billion or more, and his income that year was over $600 million. Income sources included crypto, golf clubs, and licensing. This was revealed in a public financial disclosure on June 13, 2025.
[
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In August 2025, the anti-corruption group Accountable.US estimated that he might have "about $11.6 billion in uncounted crypto assets", forming three-quarters of his total wealth.
[
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]
Business relationships
Following the
storming of the U.S. Capitol
on January 6, 2021, Trump suddenly lost a number of platforms and relationships, including Twitter, Facebook, Stripe, Shopify, and a
PGA Championship
that was to be held at one of his golf courses.
[
62
]
Deutsche Bank said it would no longer do business with Trump, while
Signature Bank
(an American company) not only began closing his accounts but also called for him to resign the presidency.
[
63
]
New York City revoked its contracts with the Trump Organization, which include ice skating rinks and a
carousel
at
Central Park
and the Trump Golf Links at the Ferry Point golf course in the Bronx, for which it had been paying the Trump Organization $17 million per year.
[
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]
(Two years later, the Trump Organization sold the rights to the golf course to
Bally's Corporation
.)
[
65
]
The real estate firm
Cushman & Wakefield
said it would no longer handle leasing for
Trump Tower
or
40 Wall Street
.
[
66
]
As Trump's presidency ended, a number of Mar-a-Lago members were quietly abandoning their paying memberships, according to journalist
Laurence Leamer
, who had written a book about the resort two years previously.
[
67
]
In March 2021, the beach club and dining room were temporarily shut down after staff were diagnosed with
COVID-19
.
[
68
]
In early 2021, after leaving the presidency, Trump was working out of Mar-a-Lago, where he converted a bridal suite into an office.
[
69
]
On May 11, 2022, the Trump Organization sold its lease of the
Old Post Office
in Washington, D.C. for a $100 million profit,
[
70
]
and he paid off his $170 million Deutsche Bank loan with the proceeds. Axos Bank was involved during the last two months of the deal and financed part of a loan he needed to complete it.
[
59
]
Earlier that year, the
House Oversight Committee
had tried to prevent Trump from selling, arguing that he had given the U.S.
General Services Administration
(GSA) "at least one financial statement with possible material misrepresentations" and should not be "rewarded" for "seeking to profit off the presidency."
[
71
]
He ran the Trump International Hotel from 2016 to 2022 out of the Old Post Office,
[
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where the GSA gave him a 60-year lease in 2013.
[
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]
In January 2025, days before Trump's second inauguration, an Abu Dhabi royal family agreed to purchase a 49% stake in his cryptocurrency company,
World Liberty Financial
, for $500 million. They paid half up front. The deal was kept secret for a year.
[
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]
Airplane
Two months after Biden's inauguration, it was reported that Trump's personal
Boeing 757
was in need of repairs and that it had not flown since his presidential term ended.
[
75
]
Merchandise
In November 2021, Trump released a coffee table book titled
Our Journey Together
, which was sold for $75 per copy and had gross sales of $20 million within two months.
[
76
]
The book used
public domain
images taken by taxpayer-funded White House photographers.
[
77
]
In 2023, Trump made $7.2 million through a licensing deal to sell Trump
NFT
"trading cards."
[
78
]
In 2024, he sold Trump-themed "God Bless the USA" Bibles (printed in China for less than $3 each, retailing for $59.99 and up, some touting the
July 13th attempt on his life
as "the day God intervened"),
[
79
]
two other books, golden sneakers, silver "Trump Coins" (with his face imprinted on one side and the White House on the other), and "Trump Watches" (most of which retail for $499, with one priced at $100,000).
[
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Fundraising
A number of large companies halted their political contributions to Trump after the
storming of the Capitol
,
[
80
]
and, coincidentally, Trump's largest political donor,
Sheldon Adelson
, died on January 11, 2021. Overall, however, Trump raised more funds than others. In April 2021, a Trump adviser claimed that Trump's available political funds ($85 million) roughly equalled the
RNC
's ($84 million).
[
81
]
At the end of January 2022, the
Save America PAC
had $108 million, more than double what the Republican National Committee had.
[
82
]
From 2015 through the first half of 2024, political groups spent $35 million at Trump properties, over 80 percent of which was spent by groups backing Trump specifically.
[
83
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Some of this activity was post-presidency. Over less than two years – 2021 (after he left office) and 2022 – his political committees spent over $900,000 at his properties, according to
Federal Election Commission
filings analyzed by the HuffPost.
[
84
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This spending increased in 2023 and 2024.
[
83
]
In April 2024, a new fundraising committee, Trump 47, filed its first FEC report, revealing that 20 people had contributed at least $800,000 each.
[
85
]
Save America PAC
After losing the November 2020 election, Trump formed a
leadership political action committee
(leadership PAC) called "
Save America
". Beginning the day after the election and continuing until the vote certification on January 6, 2021, Trump's mass emails to his supporters asked for small-dollar contributions to the "Official Election Defense Fund," which did not exist; all the funds raised went to Save America.
[
86
]
According to filings with the Federal Election Commission, the PAC had raised $31 million by the end of 2020
[
87
]
and $255.4 million by the end of January 2021.
[
88
]
"Save America" is also entitled to $45 million from the Trump Make America Great Again Committee, which raised those funds together with the
Republican National Committee
(RNC). While Trump had claimed the money would go toward challenging his own 2020 election loss and supporting Republicans in the
Georgia Senate runoff election
, the money was not used for these purposes.
[
89
]
By mid-2022, 69 Trump allies had received $350,000 from Save America.
[
7
]
Some of it was also spent at Trump Organization properties.
[
8
]
In September 2022, it was reported that the Save America PAC had advanced $3 million to lawyer
Chris Kise
to defend Trump in the Justice Department probe of the
presidential records seized at Mar-a-Lago
.
[
90
]
A Trump fundraising email on March 8, 2021, told donors that their money should go to the Save America PAC rather than to "
RINOs
" (“Republicans in name only").
[
91
]
[
92
]
As of March 2021, Trump's website said that 90% of new donations would go to the Save America PAC and the remainder to the Make America Great Again (MAGA) PAC, a new entity he created on February 27, 2021, with the remaining $8 million from the former
Donald J. Trump For President campaign committee
. He made his first in-person fundraising request in a public setting on February 28 at the
Conservative Political Action Conference
.
[
93
]
In mid-2021, it was anticipated that Trump would encounter difficulty maintaining his donor lists, given that Facebook was still not allowing him to use its platform.
[
94
]
The Save America PAC raised around $75 million during the first half of 2021. Though some was spent on Trump's travel costs, legal costs, and staff costs, none was spent on ballot reviews of the 2020 election, despite advertisements for donors to "join the fight to secure our elections".
[
95
]
By the end of June 2021, the Save America PAC had paid over $200,000 to a legal firm associated with Trump's interactions with the
House Select Committee on the January 6 Attack
while paying nothing for the defense of hundreds of Trump supporters facing charges related to January 6.
[
9
]
At that time, the Save America PAC and MAGA PAC combined had nearly $102 million in cash reserves.
[
96
]
In October 2021, the RNC paid Trump's attorneys over $121,000 to address what the RNC claimed were "politically motivated legal proceedings waged against President Trump".
[
97
]
The Save America PAC donated nothing to other candidates in January 2022.
[
82
]
Through February 2022, it gave $205,000 to 41 federal candidates and $145,500 to 29 state candidates while sitting on over $110 million.
[
98
]
It had over $99 million in cash at the end of July 2022
[
99
]
and $93 million at the end of August 2022.
[
100
]
In October 2022, it transferred $60 million to the Make America Great Again Inc. super PAC (which also took in millions of dollars from other sources). The MAGA Inc. super PAC spent only $15 million on Republican Senate candidates in the
November 2022 midterm elections
; with $54 million remaining, it said its new goal was to
reelect Trump in 2024
.
[
101
]
In the third quarter of 2022, Trump spent $22 million to fundraise $24 million.
[
100
]
In 2022, the Save America PAC paid over $120,000 to the Brand Woodward Law firm, paying legal bills for
Kash Patel
and
Walt Nauta
, both of whom testified regarding the government documents Trump took to Mar-a-Lago.
[
6
]
In 2023, about 10 percent of Trump's political fundraising was sent to the Save America PAC whose primary expense was his legal bills. That year, multiple Trump PACs spent a total of roughly $50 million of donor funds on Trump's legal bills.
[
102
]
Most of the funds came from small-dollar donors.
[
103
]
By late 2024, Save America had paid a total of over $90 million to attorneys working on his cases.
[
104
]
Republican National Committee funds
Between October 2021 and July 2022, the RNC paid nearly $2 million to Trump's lawyers. In July 2022, the RNC warned it would stop these payments if Trump declared a bid in the 2024 election, on the grounds that it doesn't take sides in a presidential primary.
[
105
]
In early 2024, former RNC chair
Michael Steele
, as well as current and former RNC members, expressed concern that Trump would try to leverage RNC funds to pay the judgments against him in the
E. Jean Carroll case
and the
New York civil investigation of the Trump Organization
.
[
106
]
On February 26, 2024,
Ronna McDaniel
announced she would resign as RNC chair according to Trump's wishes.
[
107
]
On March 8,
Lara Trump
was elected RNC co-chair by unanimous vote.
[
108
]
An RNC fundraising dinner planned for April 6, 2024 will direct funds to the Save America PAC, which pays Donald Trump's legal bills.
[
109
]
[
needs update
]
Donor refunds
In September and October 2020, the for-profit donation processor WinRed presented recurring donations as the default option, a feature that was revealed in the fine print. From mid-October 2020 to the end of 2020, the Trump campaign and the RNC refunded over $64 million to online donors who had complained they had only meant to make one-time contributions.
[
110
]
During the first half of 2021, another $12.8 million was refunded.
[
111
]
Investigations
In September 2022, the Justice Department issued a grand jury subpoena to the Save America PAC.
[
99
]
Subpoenas were also served to former Trump aides
Stephen Miller
and
Brian Jack
.
[
112
]
Second presidency
Following the UAE's $500 million investment in World Liberty Financial cryptocurrency just before the inauguration, Trump made an additional $1.4 billion off the presidency during his first year back in office. Most of this was from other cryptocurrency, while $90 million was from settling lawsuits with tech and media companies.
[
113
]
Sources of wealth
On May 21, 2025, the Department of Defense accepted a luxury
Boeing 747-8
jumbo jet, worth about $400 million, as a gift from the
royal family of Qatar
, to be customized at additional cost and used as Air Force One.
[
114
]
The gift had been publicly announced ten days earlier. At that time, attorney General
Pam Bondi
and White House lawyer
David Warrington
formally opined that it would be legal as long as it were donated to the Department of Defense (rather than to Trump personally) and then gifted to the
Trump presidential library foundation
just before Trump leaves office.
[
115
]
On May 28, the
Washington Post
reported that Qatar was requesting a memorandum of understanding to release it from any liability.
[
116
]
The United States will pay "probably less than $400 million" to retrofit the aircraft, according to Air Force Secretary Troy Meink's testimony on June 5 before the House Armed Services Committee.
[
117
]
Andrew Hunter
, former assistant secretary of the Air Force under the Biden administration, said he expected retrofitting would be a years-long process.
[
118
]
On September 29, Trump signed an executive order that the United States will treat "any armed attack" on Qatar "as a threat to the peace and security of the United States."
[
119
]
[
120
]
On October 10, at a Pentagon press conference alongside Qatari Defense Minister Sheikh
Saoud bin Abdulrahman Al Thani
, U.S. Defense Secretary Pete Hegseth announced that a
Qatari Emiri Air Force
facility would be built in Idaho at the U.S.
Mountain Home Air Force Base
.
[
121
]
Hours later, following public criticism, Hegseth posted to X: "to be clear, Qatar will not have their own base in the United States—nor anything like it."
[
122
]
In January 2026, after
Trump seized Venezuelan oil
valued at $500 million, revenue from the oil sales was held mainly in a bank account in Qatar controlled by the U.S. government.
[
123
]
On June 16, 2025, he announced a new business called
Trump Mobile
that planned to sell an Android phone model called a T1 for $499 along with 5G service for an additional $47.45 per month.
[
124
]
On June 30, 2025, he announced two fragrances called the Victory 45-47 scents. They sell for $249 per bottle. As the disclaimer said they were "not designed, manufactured, distributed or sold" by Trump himself or the Trump Organization, HuffPost speculated that Trump was likely receiving a licensing fee.
[
125
]
On August 27, 2025, he announced on Truth Social that he had "raised, since the Great Presidential Election of 2024, in various forms and political entities, in excess of 1.5 Billion Dollars."
[
126
]
In September 2025, House and Senate Democrats wrote to law firms
Paul Weiss
,
Kirkland & Ellis
and
Skadden Arps
asking why they were reportedly providing free legal services, valued at tens of millions of dollars, to the
Commerce Department
, after having been pressured by Trump.
[
127
]
From late August to early October 2025, he bought corporate and municipal bonds valued at somewhere between $82 and $337 million, investing in sectors that benefit from his policies, including tech companies, banks and retailers.
[
128
]
Net worth
Trump's net worth over time, as estimated by
Forbes
magazine
[
129
]
[
130
]
Discrepancies in the estimates of various organizations are due in part to the uncertainty of appraised property values, as well as Trump's own assessment of the value of his
personal brand
.
[
131
]
[
132
]
1980s and 1990s
Trump was listed on the initial
Forbes List
of wealthy individuals in 1982 as having a share of his family's estimated $200 million net worth.
[
32
]
Former
Forbes
reporter Jonathan Greenberg said in 2018 that during the 1980s Trump had deceived him about his actual net worth and his share of the family assets in order to appear on the list. According to Greenberg,
"it took decades to unwind the elaborate farce Trump had enacted to project an image as one of the richest people in America. Nearly every assertion supporting that claim was untrue. Trump wasn't just poorer than he said he was. Over time, I have learned that he should not have been on the first three Forbes 400 lists at all. In our first-ever list, in 1982, we included him at $100 million, but Trump was actually worth roughly $5 million – a paltry sum by the standards of his super-monied peers – as a spate of government reports and books showed only much later."
[
133
]
[
134
]
After several years on the
Forbes List
, Trump's financial losses in the 1980s caused him to be dropped from 1990 to 1995, and reportedly obliged him to borrow from his siblings' trusts in 1993.
[
32
]
In 1997, Trump visited P.S. 70, an elementary school in the Bronx. The chess team needed money to travel to the national championship tournament. Trump dropped a fake $1 million bill in their basket. He later mailed them $200.
[
135
]
[
136
]
[
137
]
2000s and 2010s
In 2005,
The New York Times
referred to Trump's "verbal billions" in a skeptical article about Trump's self-reported wealth.
[
32
]
At the time, three individuals with direct knowledge of Trump's finances told reporter
Timothy L. O'Brien
that Trump's actual net worth was between $150 and $250 million, though Trump then publicly claimed a net worth of $5 to $6 billion.
[
32
]
Claiming libel, Trump sued the reporter (and his book publisher) for $5 billion, lost the case, and then lost again on appeal; Trump refused to turn over
his unredacted tax returns
despite his assertion they supported his case.
[
138
]
When he filed his 2008 tax return, he reported losses of $651 million, having called his
Trump International Hotel and Tower (Chicago)
"worthless". In 2010, his lawyers put the building under DJT Holdings LLC, which would later cover other Trump properties and businesses and would record an additional $168 million in losses over the next decade. This drew IRS attention, and it was reported in 2024 that Trump might owe $100 million in taxes in a revised calculation for these moves.
[
139
]
In April 2011, amid speculation whether Trump would run as a candidate in the United States presidential election of 2012,
Politico
quoted unnamed sources close to him stating that, if Trump should decide to run for president, he would file "financial disclosure statements that [would] show his net worth [was] in excess of $7 billion with more than $250 million of cash, and very little debt".
[
140
]
Although Trump did not run as a candidate in the 2012 elections, his "professionally prepared" 2012 financial disclosure was published in his book, which claimed a $7
billion net worth.
[
141
]
On June 16, 2015, just before announcing his candidacy for U.S. president, Trump released a one-page financial statement "from a big accounting firm – one of the most respected"
[
142
]
– stating a net worth of $8,737,540,000.
[
143
]
"I'm really rich," Trump said.
[
142
]
Forbes
believed his claim of $9
billion was "a whopper", figuring it was actually $4.1 billion.
[
144
]
(Several years later, his lawyer
Michael Cohen
admitted in his memoir that "I'd personally pumped in the helium into his balloon-like net worth," including by inflating his estimate of the worth of the Gucci building, and said that he knew Trump at this time had "$2 billion, absolute tops."
[
145
]
) In June 2015,
Business Insider
published Trump's June 2014 financial statement, noting that $3.3 billion of that total is represented by "Real Estate Licensing Deals, Brand and Branded Developments", described by
Business Insider
as "basically [implying] that Trump values his character at $3.3 billion".
[
146
]
Forbes
reduced its estimate of Trump's net worth by $125 million following Trump's controversial 2015 remarks about Mexican undocumented immigrants, which ended Trump's business contracts with
NBCUniversal
,
Univision
,
Macy's
,
Serta
,
PVH Corporation
, and Perfumania.
[
147
]
In March 2016, Forbes estimated his net worth at $4.5 billion. A year later, shortly after his inauguration, they lowered it by $1 billion, and by the end of his presidential term, they had subtracted yet another $1 billion.
[
148
]
[
131
]
[
149
]
During the three years after Trump announced his presidential run in 2015,
Forbes
estimated his net worth declined 31% and his ranking fell 138 spots on the
Forbes
list of the wealthiest Americans.
[
150
]
In its 2018 and 2019 billionaires rankings,
Forbes
estimated Trump's net worth at $3.1 billion. (In 2018, this was 766th in the world, 248th in the U.S. In 2019, this was 715th in the world, 259th in the U.S.)
[
149
]
Bloomberg Billionaires Index
listed Trump's net worth as $2.48 billion on May 31, 2018,
[
151
]
and Wealth-X listed it as at least $3.8 billion on July 16, 2018.
[
152
]
2020s
DJT stock price reached over $79 per share after its public offering, but declined thereafter.
[
153
]
Since its public offering, Trump Media & Technology Group Corp. has had net operating losses.
[
154
]
On October 3, 2023, Forbes estimated Trump's wealth at $2.6 billion and announced that he had not made their annual
Forbes
400
list. The main reason, they said, was that, over the past year, "Trump’s 90% stake in
Truth Social’s parent company
has plummeted in value from an estimated $730 million to less than $100 million." Another major reason was that the value of his building at
555 California Street
in San Francisco "is down by an estimated $100 million or so" and 1290 Avenue of the Americas in New York "is down by roughly $60 million." Some of his properties were generating profit; for example, one of his golf properties,
Trump National Doral
, has about $20 million in annual profit. Nonetheless, Trump is "$300 million shy of the cutoff" for the list, Forbes explained; that is, the 400 wealthiest Americans each have at least $300 million more than he does.
[
155
]
In March 2024, when
Trump Media & Technology Group
(TMTG) became a public company after merging with
Digital World Acquisition Corp.
, a
special-purpose acquisition company
, Trump's net worth increased by over $4
billion. He made the top 500 in Bloomberg Billionaires Index for the first time, with an estimated net worth of $6.5
billion.
[
156
]
He was awarded an additional 36 million TMTG shares the next month, bringing his ownership in the company to around 65%.
[
157
]
The value of TMTG decreased significantly by over 65% between its peak in March 2024 peak and August 2024, at which point his net worth was estimated to be $4.3 billion.
[
2
]
Trump was not permitted to sell his shares until September 25, 2024. As of November 2024, Trump has not sold any.
[
158
]
In July 2025, reporting in the New York Times estimated Trump had "As much as $7.1 billion" in Cryptocurrencies, "At least $2.2 billion" in Stocks, bonds and cash, "At least $1.3 billion" in "Real estate and other business holdings" and "More than $640 million plus interest" in debts.
[
159
]
Debt and FEC filings
In July 2015, federal election regulators released new details of Trump's self-reported wealth and financial holdings when he became a Republican presidential candidate, reporting that his assets are worth above $1.4 billion, which includes at least $70 million in stocks, and a debt of at least $265 million.
[
160
]
According to
Bloomberg
, for the purposes of Trump's FEC filings Trump "only reported revenue for [his] golf properties in his campaign filings even though the disclosure form asks for income", noting independent filings showing all three of his major European golf properties were unprofitable.
[
131
]
Mortgages on Trump's major properties – including
Trump Tower
,
40 Wall Street
, and the
Trump National Doral
golf course – each fall into the "above $50 million" range, the highest reportable category on FEC filings, with Trump paying interest rates ranging from 4% to 7.125%.
[
161
]
Mortgages on those three properties were separately reported as $100 million, $160 million, and $125 million in 2013.
[
162
]
Trump is a leaseholder, not owner, of the land beneath 40 Wall Street.
[
163
]
Other outstanding Trump mortgages and debts are pegged to current market interest rates.
[
161
]
A 2012 report from Trump's accounting firm estimated $451.7 million in debt and other collateral obligations.
[
162
]
Filings in 2015 disclosed debt of $504 million, according to
Fortune
magazine.
[
164
]
Bloomberg
documented debt of at least $605 million in 2016.
[
131
]
Trump's outstanding debt was at least $650 million in August 2016, in addition to an outstanding loan of $950 million to the
Bank of China
and
Deutsche Bank
(among other creditors) on 1290 Avenue of the Americas, in which Trump is a minority owner.
[
163
]
In April 2020, it was reported that Trump was tens of millions of dollars in debt to China. In 2012, Trump's real estate partner refinanced the building 1290 Avenue of the Americas for almost $1 billion. The debt includes $211 million from the state-owned Bank of China, which matures in 2022. Trump owns a 30% stake in 1290 Avenue of the Americas.
[
165
]
[
166
]
[
167
]
Trump reported a yearly income of $362 million for 2014
[
168
]
and $611 million from January 2015 to May 2016.
[
169
]
Trump and his family reported more than $500 million of income in mid-2018 financial disclosure forms.
[
170
]
In September 2020,
The New York Times
noted that Trump "is personally responsible for loans and other debts totaling $421 million, with most of it coming due within four years" and no obvious way to repay them.
[
40
]
As of December 2020, he owed about $330 million to Deutsche Bank, due in 2023 and 2024.
[
57
]
The subsequent resignation of Trump's accounting firm, Mazars, on the grounds that Trump had provided them with inaccurate information for ten years of financial statements, will make it more difficult for Trump to refinance, said
Bloomberg Opinion
executive editor Tim O'Brien.
[
171
]
Trump has a total of over $1 billion in debts, borrowed to finance his assets, reported
Forbes
in October 2020. Around $640 million or more was owed to various banks (Deutsche Bank, Professional Bank,
Amboy Bank
, and Investors Savings Bank) and trust organizations (Ladder Capital, Chevy Chase Trust Holdings, and the Bryn Mawr Trust Company). Around $450 million was owed to unknown creditors, due to loans related to his properties of 1290 Avenue of the Americas and
555 California Street
. In addition, Trump owes over $50 million to Chicago Unit Acquisition LLC, a company he owns, which would indicate that this company is worth over $50 million; however Trump has not disclosed any value for this company on his financial disclosure report. Overall, Trump's assets still outvalue his debts, reported Forbes.
[
172
]
[
148
]
In early 2024, Trump was ordered to pay over a half-billion dollars in two civil cases:
[
173
]
the
E. Jean Carroll lawsuit
and the
New York business fraud lawsuit
. However, in August 2025, an appeals court voided the penalty in the business fraud lawsuit, ruling that it was excessive.
[
174
]
Trump on his own net worth
Trump has often given much higher values for his wealth than organizations estimating it. Trump has testified that "my net worth fluctuates, and it goes up and down with markets and with attitudes and with feelings – even my own feelings".
[
175
]
On the same day, Trump's own stated estimates of his net worth have varied by as much as $3.3 billion.
[
32
]
Trump has also acknowledged that past exaggerated estimates of his wealth have been "good for financing".
[
176
]
A July 2015 campaign press release, issued one month after Trump announced his presidential run, said the FEC did not design its reports to accommodate "a man of Mr. Trump's massive wealth"
[
161
]
and that his net worth is "in excess of [$10 billion]".
[
177
]
In 2015,
Forbes
said that although Trump "shares a lot of information with us that helps us get to the figures we publish", he "consistently pushes for a higher net worth – especially when it comes to the value of his personal brand".
[
144
]
In 2023, they said he had "for decades" been "relentlessly lying to reporters to try to vault himself higher on the [Forbes 400] list."
[
155
]
In February 2022, Trump claimed in a defensive argument regarding the
New York investigations of The Trump Organization
that his net worth was "approximately $8 to $9 billion", based on his
brand value
and "transactions which have or will take place".
[
178
]
On August 30, 2023, New York attorney general Letitia James alleged in a court filing that Trump had falsely reported his wealth. She said he had increased his claim each year from 2011 to 2021 by between $812 million to $2.2 billion.
[
179
]
House subpoenas and court rulings
On May 10, 2019, House Ways and Means Committee chairman
Richard Neal
subpoenaed the Treasury Department and the IRS for six years of Trump's tax returns. Seven days later, Treasury Secretary Steve Mnuchin refused to comply with the subpoenas.
[
180
]
[
181
]
[
182
]
On May 20, 2019, President Trump lost an unrelated lawsuit in which he sought to stop his accounting firm, Mazars USA, from complying with a subpoena from the House Oversight Committee for various financial records.
[
183
]
[
184
]
The ruling against Trump was issued by Judge
Amit Mehta
of the
U.S. District Court for the District of Columbia
, who also denied the president a
stay
of the ruling pending any future appeal.
[
185
]
On November 4, 2019, the 2nd U.S. Circuit Court of Appeals in New York upheld the lower court ruling.
[
186
]
[
187
]
On December 10, 2019, the 2nd U.S. Circuit Court of Appeals in New York issued a ruling which again found that the lower court had acted properly in upholding the congressional subpoenas for Trump's financial records, but this time also ordered for Deutsche Bank and Capital One to cooperate in releasing the financial records as well.
[
188
]
On July 9, 2020, the U.S. Supreme Court ruled 7–2 that Trump could not keep his financial records secret but that they should be given to the Manhattan DA rather than the
House of Representatives
.
[
189
]
[
190
]
The Supreme Court denied a request for a stay on February 22, 2021, and the Manhattan DA received the financial records that same day.
[
191
]
In late 2022, the House Ways and Means Committee received Trump's tax returns.
[
192
]
New York tax law and investigations
In May 2019, both houses of the
New York State Legislature
, which is based in Trump's native and business home of New York, approved a bill which allows the state's tax commissioner to release any state tax return requested by the leaders of the House Ways and Means Committee, the Senate Finance Committee or the Joint Committee on Taxation for any "specific and legitimate legislative purpose".
[
193
]
[
194
]
Former Trump Organization CFO
Allen Weisselberg
and
Eric Trump
each invoked their
Fifth Amendment right against self-incrimination
over 500 times during their interviews (September 24 and October 5, 2020, respectively).
[
195
]
After a Supreme Court ruling on February 22, 2021, cleared the path for Trump's tax records to be reviewed by a grand jury,
[
196
]
the
Mazars
accounting firm turned over millions of pages of documents, including Trump's tax returns from January 2011 to August 2019, to the office of the
Manhattan district attorney
(DA).
[
191
]
In early 2022, Mazars notified Trump that it did not trust the reliability of the information he had provided them for a decade, and thus it no longer backed the financial statements it had prepared for him, and it said it would no longer serve as his accountant.
[
197
]
In late 2022, the House Ways and Means Committee received Trump's tax returns
[
192
]
and publicly released them.
[
198
]
In mid-2021, the RNC agreed to pay $1.6 million toward Trump's legal bills in the New York investigations, although they concern business dealings that occurred before he became president.
[
199
]
Trump would owe income tax on money he received from the RNC.
[
200
]
During the last nine months of 2023, the Save America PAC paid nearly $39 million in political donor money to pay legal fees for several of Trump's court cases.
[
201
]
Criminal case
In February 2021, Manhattan DA
Cyrus Vance Jr.
subpoenaed the New York City Tax Commission as well as Trump's creditors as part of a criminal investigation into possible property tax fraud by the Trump Organization, suggesting it sought to examine the real estate values Trump had reported. The documents would disclose whether the company inflated the value of properties to secure favorable terms on loans while deflating those values to lower tax bills.
[
202
]
In December 2021, two editors at
Forbes
, who had once written about Trump's estimated wealth, testified to the grand jury.
[
203
]
In August 2022, Allen Weisselberg pleaded guilty to grand larceny, criminal tax fraud and falsifying business records
[
204
]
and agreed to testify against The Trump Organization at trial.
[
205
]
Civil case
In January 2022, a filing by the New York state AG,
Letitia James
, reported that Trump's tax documents show that his liquid assets were about $93 million in 2020.
[
206
]
In September, James sued Trump, the Trump Organization, and his children
Donald Jr.
,
Ivanka
, and Eric for misrepresenting assets.
[
207
]
The civil suit alleged over 200 instances of fraud and asserted that Trump "wildly exaggerated his net worth by billions of dollars". A year later, New York judge Arthur Engoron sided with James on her key claim.
[
208
]
Though Engoron said he would cancel Trump's business certificates, a New York appeals court postponed this,
[
209
]
and ultimately Engoron changed his mind.
[
210
]
On February 16, 2024, after a three-month trial, Engoron banned Trump from serving as an officer or director of a New York corporation for three years and his two eldest sons are similarly banned for two years. The Trump Organization will not have to dissolve, but an independent monitor must stay in place for three years, and the Trump Organization must also pay for an independent director of compliance.
[
210
]
Engoron imposed a $364 million disgorgement, close to the $370 million James had sought.
[
211
]
[
212
]
Additionally, Trump was ordered to pay roughly $100 million in interest.
[
213
]
Trump could not find an insurance company to underwrite an appeal bond for this amount ($464 million plus 20%).
[
214
]
On March 20,
Alina Habba
was asked on Fox whether Trump sought "to secure this money through another country, [for example] Saudi Arabia or Russia". Habba said she was forbidden to "speak about strategy".
[
215
]
On April 1, Trump posted a reduced bond of $175 million,
[
216
]
as permitted by a New York appeals court.
[
217
]
It was underwritten by Knight Specialty Insurance Company, Los Angeles, chaired by
Don Hankey
.
[
218
]
In August 2025, an appeals court voided the penalty that Engoron had ordered, ruling that it was excessive.
[
174
]
E. Jean Carroll lawsuit
Trump was found liable for sexually abusing and defaming E. Jean Carroll. In May 2023, Carroll was awarded $5 million in damages, and in January 2024, an additional $83.3 million.
See also
False or misleading statements by Donald Trump
Tax March
Timeline of investigations into Donald Trump and Russia
Wealth of Elon Musk
Notes
^
In his summary judgment, Engoron noted that between 2011 and 2021, the
assessor
of
Palm Beach County
valued Mar-a-Lago between $18 million and $27.6 million. In 2020, the organization valued it at $27 million,
[
25
]
but in other instances valued it between $426.5 million and $612 million.
[
23
]
At trial, Trump asserted that "the house" was actually worth between $750 million and $1.5 billion (i.e. at least 27 times the 2020 valuation).
[
26
]
Mar-a-Lago is
"deed restricted"
such that it cannot be used for any purpose other than as a private club. Consequently, appraisers value the property based on its annual net operating income rather than the resale or reconstruction value as a home, as would be the case for an unrestricted property.
[
27
]
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## Contents
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- [(Top)](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump)
- [1 Gifts, loans, and other wealth from his father](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Gifts,_loans,_and_other_wealth_from_his_father)
Toggle Gifts, loans, and other wealth from his father subsection
- [1\.1 Trust funds](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Trust_funds)
- [1\.2 Tax fraud](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Tax_fraud)
- [1\.3 Inheritance](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Inheritance)
- [2 Pre-presidency](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Pre-presidency)
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- [2\.1 Lawsuits](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Lawsuits)
- [2\.2 Real estate](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Real_estate)
- [2\.3 *The Apprentice*](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#The_Apprentice)
- [2\.4 Foundation](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Foundation)
- [3 First presidency](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#First_presidency)
- [4 Between presidencies](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Between_presidencies)
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- [4\.1 Loans and accounting](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Loans_and_accounting)
- [4\.2 Business relationships](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Business_relationships)
- [4\.3 Airplane](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Airplane)
- [4\.4 Merchandise](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Merchandise)
- [4\.5 Fundraising](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Fundraising)
- [4\.5.1 Save America PAC](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Save_America_PAC)
- [4\.5.2 Republican National Committee funds](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Republican_National_Committee_funds)
- [4\.5.3 Donor refunds](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Donor_refunds)
- [4\.5.4 Investigations](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Investigations)
- [5 Second presidency](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Second_presidency)
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- [5\.1 Sources of wealth](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Sources_of_wealth)
- [6 Net worth](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Net_worth)
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- [6\.1 1980s and 1990s](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#1980s_and_1990s)
- [6\.2 2000s and 2010s](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#2000s_and_2010s)
- [6\.3 2020s](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#2020s)
- [6\.4 Debt and FEC filings](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Debt_and_FEC_filings)
- [6\.5 Trump on his own net worth](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Trump_on_his_own_net_worth)
- [7 House subpoenas and court rulings](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#House_subpoenas_and_court_rulings)
- [8 New York tax law and investigations](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#New_York_tax_law_and_investigations)
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- [8\.1 Criminal case](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Criminal_case)
- [8\.2 Civil case](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Civil_case)
- [9 E. Jean Carroll lawsuit](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#E._Jean_Carroll_lawsuit)
- [10 See also](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#See_also)
- [11 Notes](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#Notes)
- [12 References](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#References)
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# Wealth of Donald Trump
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From Wikipedia, the free encyclopedia
Wealth of President of the United States
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| | |
| [](https://en.wikipedia.org/wiki/File:Official_Presidential_Portrait_of_President_Donald_J._Trump_\(2025\)_\(3x4_close_cropped\).jpg) | This article is part of a series about[Donald Trump](https://en.wikipedia.org/wiki/Donald_Trump "Donald Trump") |
| Life and business [Business career](https://en.wikipedia.org/wiki/Business_career_of_Donald_Trump "Business career of Donald Trump") [The Trump Organization](https://en.wikipedia.org/wiki/The_Trump_Organization "The Trump Organization") [wealth]() [tax returns](https://en.wikipedia.org/wiki/Tax_returns_of_Donald_Trump "Tax returns of Donald Trump") [Media career](https://en.wikipedia.org/wiki/Media_career_of_Donald_Trump "Media career of Donald Trump") [*The Apprentice*](https://en.wikipedia.org/wiki/The_Apprentice_\(American_TV_series\) "The Apprentice (American TV series)") [bibliography](https://en.wikipedia.org/wiki/Bibliography_of_Donald_Trump "Bibliography of Donald Trump") [filmography](https://en.wikipedia.org/wiki/Donald_Trump_filmography "Donald Trump filmography") [Family](https://en.wikipedia.org/wiki/Family_of_Donald_Trump "Family of Donald Trump") [Age and health](https://en.wikipedia.org/wiki/Age_and_health_concerns_about_Donald_Trump "Age and health concerns about Donald Trump") [Foundation](https://en.wikipedia.org/wiki/Donald_J._Trump_Foundation "Donald J. Trump Foundation") [Public image](https://en.wikipedia.org/wiki/Public_image_of_Donald_Trump "Public image of Donald Trump") [In popular culture](https://en.wikipedia.org/wiki/Donald_Trump_in_popular_culture "Donald Trump in popular culture") ["Trump always chickens out"](https://en.wikipedia.org/wiki/Trump_Always_Chickens_Out "Trump Always Chickens Out") [Eponyms](https://en.wikipedia.org/wiki/List_of_things_named_after_Donald_Trump "List of things named after Donald Trump") [Pseudonyms](https://en.wikipedia.org/wiki/Pseudonyms_used_by_Donald_Trump "Pseudonyms used by Donald Trump") [*SNL* parodies](https://en.wikipedia.org/wiki/Saturday_Night_Live_parodies_of_Donald_Trump "Saturday Night Live parodies of Donald Trump") [Residences](https://en.wikipedia.org/wiki/Residences_of_Donald_Trump "Residences of Donald Trump") [American football](https://en.wikipedia.org/wiki/Donald_Trump_and_American_football "Donald Trump and American football") [Golf](https://en.wikipedia.org/wiki/Donald_Trump_and_golf "Donald Trump and golf") [Honors](https://en.wikipedia.org/wiki/List_of_awards_and_honors_received_by_Donald_Trump "List of awards and honors received by Donald Trump") [Legal affairs](https://en.wikipedia.org/wiki/Personal_and_business_legal_affairs_of_Donald_Trump "Personal and business legal affairs of Donald Trump") [Indictments](https://en.wikipedia.org/wiki/Indictments_against_Donald_Trump "Indictments against Donald Trump") [Sexual misconduct allegations](https://en.wikipedia.org/wiki/Donald_Trump_sexual_misconduct_allegations "Donald Trump sexual misconduct allegations") [Epstein ties](https://en.wikipedia.org/wiki/Relationship_of_Donald_Trump_and_Jeffrey_Epstein "Relationship of Donald Trump and Jeffrey Epstein") [Makeup](https://en.wikipedia.org/wiki/Makeup_of_Donald_Trump "Makeup of Donald Trump") [Handshakes](https://en.wikipedia.org/wiki/Donald_Trump_and_handshakes "Donald Trump and handshakes") [Security incidents](https://en.wikipedia.org/wiki/Security_incidents_involving_Donald_Trump "Security incidents involving Donald Trump") [Views and ideology](https://en.wikipedia.org/wiki/Trumpism "Trumpism") [Trumpism](https://en.wikipedia.org/wiki/Trumpism "Trumpism") [Political positions](https://en.wikipedia.org/wiki/Political_positions_of_Donald_Trump "Political positions of Donald Trump") ["Make America Great Again"](https://en.wikipedia.org/wiki/Make_America_Great_Again "Make America Great Again") [Movement](https://en.wikipedia.org/wiki/MAGA_movement "MAGA movement") [Religion](https://en.wikipedia.org/wiki/Donald_Trump_and_religion "Donald Trump and religion") [Rhetoric](https://en.wikipedia.org/wiki/Rhetoric_of_Donald_Trump "Rhetoric of Donald Trump") [Nicknames](https://en.wikipedia.org/wiki/List_of_nicknames_used_by_Donald_Trump "List of nicknames used by Donald Trump") [Endorsements](https://en.wikipedia.org/wiki/List_of_endorsements_by_Donald_Trump "List of endorsements by Donald Trump") [Racial views](https://en.wikipedia.org/wiki/Racial_views_of_Donald_Trump "Racial views of Donald Trump") [Antisemitism](https://en.wikipedia.org/wiki/Donald_Trump_and_antisemitism "Donald Trump and antisemitism") [Fascism](https://en.wikipedia.org/wiki/Donald_Trump_and_fascism "Donald Trump and fascism") [Conspiracy theories](https://en.wikipedia.org/wiki/List_of_conspiracy_theories_promoted_by_Donald_Trump "List of conspiracy theories promoted by Donald Trump") [Misinformation](https://en.wikipedia.org/wiki/False_or_misleading_statements_by_Donald_Trump "False or misleading statements by Donald Trump") ["Trump derangement syndrome"](https://en.wikipedia.org/wiki/Trump_derangement_syndrome "Trump derangement syndrome") 45th and 47th President of the United States Presidencies [first](https://en.wikipedia.org/wiki/First_presidency_of_Donald_Trump "First presidency of Donald Trump") [second](https://en.wikipedia.org/wiki/Second_presidency_of_Donald_Trump "Second presidency of Donald Trump") [timeline](https://en.wikipedia.org/wiki/Timeline_of_the_Donald_Trump_presidencies "Timeline of the Donald Trump presidencies") Transitions [first](https://en.wikipedia.org/wiki/First_presidential_transition_of_Donald_Trump "First presidential transition of Donald Trump") [second](https://en.wikipedia.org/wiki/Second_presidential_transition_of_Donald_Trump "Second presidential transition of Donald Trump") Inaugurations [first](https://en.wikipedia.org/wiki/First_inauguration_of_Donald_Trump "First inauguration of Donald Trump") [second](https://en.wikipedia.org/wiki/Second_inauguration_of_Donald_Trump "Second inauguration of Donald Trump") [Presidential library](https://en.wikipedia.org/wiki/Donald_J._Trump_Presidential_Library "Donald J. Trump Presidential Library") Tenure First 100 days [first](https://en.wikipedia.org/wiki/First_100_days_of_the_first_Trump_presidency "First 100 days of the first Trump presidency") [second](https://en.wikipedia.org/wiki/First_100_days_of_the_second_Trump_presidency "First 100 days of the second Trump presidency") [Executive actions](https://en.wikipedia.org/wiki/List_of_executive_actions_by_Donald_Trump "List of executive actions by Donald Trump") [executive orders](https://en.wikipedia.org/wiki/Trump_executive_orders_\(disambiguation\) "Trump executive orders (disambiguation)") [proclamations](https://en.wikipedia.org/wiki/Lists_of_proclamations_by_Donald_Trump "Lists of proclamations by Donald Trump") [pardons](https://en.wikipedia.org/wiki/List_of_people_granted_executive_clemency_by_Donald_Trump_\(disambiguation\) "List of people granted executive clemency by Donald Trump (disambiguation)") [Trips](https://en.wikipedia.org/wiki/Lists_of_presidential_trips_made_by_Donald_Trump "Lists of presidential trips made by Donald Trump") [international](https://en.wikipedia.org/wiki/List_of_international_presidential_trips_made_by_Donald_Trump "List of international presidential trips made by Donald Trump") [Polls](https://en.wikipedia.org/wiki/Opinion_polling_on_the_Trump_administration_\(disambiguation\) "Opinion polling on the Trump administration (disambiguation)") [Legal affairs](https://en.wikipedia.org/wiki/Legal_affairs_of_Donald_Trump "Legal affairs of Donald Trump") [Protests](https://en.wikipedia.org/wiki/Protests_against_Donald_Trump "Protests against Donald Trump") [Social media](https://en.wikipedia.org/wiki/Social_media_use_by_Donald_Trump "Social media use by Donald Trump") [TikTok controversy](https://en.wikipedia.org/wiki/Donald_Trump%E2%80%93TikTok_controversy "Donald Trump–TikTok controversy") [Policies](https://en.wikipedia.org/wiki/Political_positions_of_Donald_Trump "Political positions of Donald Trump") Domestic [first](https://en.wikipedia.org/wiki/Domestic_policy_of_the_first_Trump_administration "Domestic policy of the first Trump administration") [second](https://en.wikipedia.org/wiki/Domestic_policy_of_the_second_Trump_administration "Domestic policy of the second Trump administration") Economic [first](https://en.wikipedia.org/wiki/Economic_policy_of_the_first_Trump_administration "Economic policy of the first Trump administration") [second](https://en.wikipedia.org/wiki/Economic_policy_of_the_second_Trump_administration "Economic policy of the second Trump administration") tariffs [first](https://en.wikipedia.org/wiki/Tariffs_in_the_first_Trump_administration "Tariffs in the first Trump administration") [second](https://en.wikipedia.org/wiki/Tariffs_in_the_second_Trump_administration "Tariffs in the second Trump administration") [China trade war](https://en.wikipedia.org/wiki/China%E2%80%93United_States_trade_war "China–United States trade war") Environment [first](https://en.wikipedia.org/wiki/Environmental_policy_of_the_first_Trump_administration "Environmental policy of the first Trump administration") [second](https://en.wikipedia.org/wiki/Environmental_policy_of_the_second_Trump_administration "Environmental policy of the second Trump administration") Foreign [first](https://en.wikipedia.org/wiki/Foreign_policy_of_the_first_Trump_administration "Foreign policy of the first Trump administration") [second](https://en.wikipedia.org/wiki/Foreign_policy_of_the_second_Trump_administration "Foreign policy of the second Trump administration") [America First](https://en.wikipedia.org/wiki/America_First_\(policy\) "America First (policy)") [American expansionism](https://en.wikipedia.org/wiki/American_expansionism_under_Donald_Trump "American expansionism under Donald Trump") [Donroe Doctrine](https://en.wikipedia.org/wiki/Donroe_Doctrine "Donroe Doctrine") Immigration [first](https://en.wikipedia.org/wiki/Immigration_policy_of_the_first_Trump_administration "Immigration policy of the first Trump administration") [second](https://en.wikipedia.org/wiki/Immigration_policy_of_the_second_Trump_administration "Immigration policy of the second Trump administration") [Infrastructure](https://en.wikipedia.org/wiki/Infrastructure_policy_of_Donald_Trump "Infrastructure policy of Donald Trump") Social [first](https://en.wikipedia.org/wiki/Social_policy_of_the_first_Trump_administration "Social policy of the first Trump administration") [second](https://en.wikipedia.org/wiki/Social_policy_of_the_second_Trump_administration "Social policy of the second Trump administration") cannabis [first](https://en.wikipedia.org/wiki/Cannabis_policy_of_the_first_Trump_administration "Cannabis policy of the first Trump administration") [second](https://en.wikipedia.org/wiki/Cannabis_policy_of_the_second_Trump_administration "Cannabis policy of the second Trump administration") Space [first](https://en.wikipedia.org/wiki/Space_policy_of_the_first_Trump_administration "Space policy of the first Trump administration") [second](https://en.wikipedia.org/wiki/Space_policy_of_the_second_Trump_administration "Space policy of the second Trump administration") [Appointments](https://en.wikipedia.org/wiki/Political_appointments_of_the_Trump_administration_\(disambiguation\) "Political appointments of the Trump administration (disambiguation)") [First Cabinet](https://en.wikipedia.org/wiki/First_cabinet_of_Donald_Trump "First cabinet of Donald Trump") [Second Cabinet](https://en.wikipedia.org/wiki/Second_cabinet_of_Donald_Trump "Second cabinet of Donald Trump") [Ambassadors](https://en.wikipedia.org/wiki/List_of_ambassadors_appointed_by_Donald_Trump_\(disambiguation\) "List of ambassadors appointed by Donald Trump (disambiguation)") [Federal judges](https://en.wikipedia.org/wiki/List_of_federal_judges_appointed_by_Donald_Trump "List of federal judges appointed by Donald Trump") [Gorsuch](https://en.wikipedia.org/wiki/Neil_Gorsuch_Supreme_Court_nomination "Neil Gorsuch Supreme Court nomination") [Kavanaugh](https://en.wikipedia.org/wiki/Brett_Kavanaugh_Supreme_Court_nomination "Brett Kavanaugh Supreme Court nomination") [Barrett](https://en.wikipedia.org/wiki/Amy_Coney_Barrett_Supreme_Court_nomination "Amy Coney Barrett Supreme Court nomination") [Supreme Court candidates](https://en.wikipedia.org/wiki/Donald_Trump_Supreme_Court_candidates "Donald Trump Supreme Court candidates") [Executives](https://en.wikipedia.org/wiki/Executive_Office_appointments_by_Donald_Trump_\(disambiguation\) "Executive Office appointments by Donald Trump (disambiguation)") [U.S. Attorneys](https://en.wikipedia.org/wiki/List_of_United_States_attorneys_appointed_by_Donald_Trump "List of United States attorneys appointed by Donald Trump") [Presidential campaigns](https://en.wikipedia.org/wiki/Political_career_of_Donald_Trump "Political career of Donald Trump") [2000](https://en.wikipedia.org/wiki/Donald_Trump_2000_presidential_campaign "Donald Trump 2000 presidential campaign") [primaries](https://en.wikipedia.org/wiki/2000_Reform_Party_presidential_primaries "2000 Reform Party presidential primaries") [2016](https://en.wikipedia.org/wiki/Donald_Trump_2016_presidential_campaign "Donald Trump 2016 presidential campaign") [election](https://en.wikipedia.org/wiki/2016_United_States_presidential_election "2016 United States presidential election") [primaries](https://en.wikipedia.org/wiki/2016_Republican_Party_presidential_primaries "2016 Republican Party presidential primaries") [endorsements](https://en.wikipedia.org/wiki/List_of_Donald_Trump_2016_presidential_campaign_endorsements "List of Donald Trump 2016 presidential campaign endorsements") [rallies](https://en.wikipedia.org/wiki/List_of_rallies_for_the_2016_Donald_Trump_presidential_campaign "List of rallies for the 2016 Donald Trump presidential campaign") [Las Vegas incident](https://en.wikipedia.org/wiki/2016_Donald_Trump_Las_Vegas_rally_incident "2016 Donald Trump Las Vegas rally incident") [convention](https://en.wikipedia.org/wiki/2016_Republican_National_Convention "2016 Republican National Convention") [debates](https://en.wikipedia.org/wiki/2016_United_States_presidential_debates "2016 United States presidential debates") [Never Trump movement](https://en.wikipedia.org/wiki/Never_Trump_movement "Never Trump movement") [people](https://en.wikipedia.org/wiki/List_of_Republicans_who_opposed_the_Donald_Trump_2016_presidential_campaign "List of Republicans who opposed the Donald Trump 2016 presidential campaign") [*Access Hollywood* tape](https://en.wikipedia.org/wiki/Donald_Trump_Access_Hollywood_tape "Donald Trump Access Hollywood tape") [wiretapping allegations](https://en.wikipedia.org/wiki/Trump_Tower_wiretapping_allegations "Trump Tower wiretapping allegations") [Spygate](https://en.wikipedia.org/wiki/Spygate_\(conspiracy_theory\) "Spygate (conspiracy theory)") [2020](https://en.wikipedia.org/wiki/Donald_Trump_2020_presidential_campaign "Donald Trump 2020 presidential campaign") [election](https://en.wikipedia.org/wiki/2020_United_States_presidential_election "2020 United States presidential election") [primaries](https://en.wikipedia.org/wiki/2020_Republican_Party_presidential_primaries "2020 Republican Party presidential primaries") endorsements [political](https://en.wikipedia.org/wiki/List_of_Donald_Trump_2020_presidential_campaign_political_endorsements "List of Donald Trump 2020 presidential campaign political endorsements") [non-political](https://en.wikipedia.org/wiki/List_of_Donald_Trump_2020_presidential_campaign_non-political_endorsements "List of Donald Trump 2020 presidential campaign non-political endorsements") [opposition](https://en.wikipedia.org/wiki/List_of_Republicans_who_opposed_the_Donald_Trump_2020_presidential_campaign "List of Republicans who opposed the Donald Trump 2020 presidential campaign") [rallies](https://en.wikipedia.org/wiki/List_of_Donald_Trump_rallies_\(December_2016%E2%80%932022\)#2020_presidential_campaign "List of Donald Trump rallies (December 2016–2022)") [convention](https://en.wikipedia.org/wiki/2020_Republican_National_Convention "2020 Republican National Convention") [debates](https://en.wikipedia.org/wiki/2020_United_States_presidential_debates "2020 United States presidential debates") [GOP reactions to election fraud claims](https://en.wikipedia.org/wiki/Republican_reactions_to_Donald_Trump%27s_claims_of_2020_election_fraud "Republican reactions to Donald Trump's claims of 2020 election fraud") [Trump–Raffensperger phone call](https://en.wikipedia.org/wiki/Trump%E2%80%93Raffensperger_phone_call "Trump–Raffensperger phone call") [2024](https://en.wikipedia.org/wiki/Donald_Trump_2024_presidential_campaign "Donald Trump 2024 presidential campaign") [election](https://en.wikipedia.org/wiki/2024_United_States_presidential_election "2024 United States presidential election") [primaries](https://en.wikipedia.org/wiki/2024_Republican_Party_presidential_primaries "2024 Republican Party presidential primaries") [endorsements](https://en.wikipedia.org/wiki/List_of_Donald_Trump_2024_presidential_campaign_endorsements "List of Donald Trump 2024 presidential campaign endorsements") [opposition](https://en.wikipedia.org/wiki/List_of_Republicans_who_oppose_the_Donald_Trump_2024_presidential_campaign "List of Republicans who oppose the Donald Trump 2024 presidential campaign") [eligibility](https://en.wikipedia.org/wiki/Presidential_eligibility_of_Donald_Trump "Presidential eligibility of Donald Trump") [Agenda 47](https://en.wikipedia.org/wiki/Agenda_47 "Agenda 47") [rallies](https://en.wikipedia.org/wiki/List_of_rallies_for_the_2024_Donald_Trump_presidential_campaign "List of rallies for the 2024 Donald Trump presidential campaign") [convention](https://en.wikipedia.org/wiki/2024_Republican_National_Convention "2024 Republican National Convention") [debates](https://en.wikipedia.org/wiki/2024_United_States_presidential_debates "2024 United States presidential debates") assassination attempts [PA](https://en.wikipedia.org/wiki/Attempted_assassination_of_Donald_Trump_in_Pennsylvania "Attempted assassination of Donald Trump in Pennsylvania") [perpetrator](https://en.wikipedia.org/wiki/Thomas_Crooks "Thomas Crooks") [photographs](https://en.wikipedia.org/wiki/Donald_Trump_raised-fist_photographs "Donald Trump raised-fist photographs") [FL](https://en.wikipedia.org/wiki/Attempted_assassination_of_Donald_Trump_in_Florida "Attempted assassination of Donald Trump in Florida") [perpetrator](https://en.wikipedia.org/wiki/Ryan_Routh "Ryan Routh") Impeachments [Efforts](https://en.wikipedia.org/wiki/Efforts_to_impeach_Donald_Trump "Efforts to impeach Donald Trump") [resolutions](https://en.wikipedia.org/wiki/List_of_impeachment_resolutions_introduced_against_Donald_Trump "List of impeachment resolutions introduced against Donald Trump") [First impeachment](https://en.wikipedia.org/wiki/First_impeachment_of_Donald_Trump "First impeachment of Donald Trump") [Trump–Ukraine scandal](https://en.wikipedia.org/wiki/Trump%E2%80%93Ukraine_scandal "Trump–Ukraine scandal") [House inquiry](https://en.wikipedia.org/wiki/Impeachment_inquiry_into_Donald_Trump "Impeachment inquiry into Donald Trump") [Senate trial](https://en.wikipedia.org/wiki/First_impeachment_trial_of_Donald_Trump "First impeachment trial of Donald Trump") [Second impeachment](https://en.wikipedia.org/wiki/Second_impeachment_of_Donald_Trump "Second impeachment of Donald Trump") [Capitol attack](https://en.wikipedia.org/wiki/January_6_United_States_Capitol_attack "January 6 United States Capitol attack") [Senate trial](https://en.wikipedia.org/wiki/Second_impeachment_trial_of_Donald_Trump "Second impeachment trial of Donald Trump") [Proposed expungements](https://en.wikipedia.org/wiki/Proposed_expungements_of_the_impeachments_of_Donald_Trump "Proposed expungements of the impeachments of Donald Trump") Prosecutions [2020 election federal indictment](https://en.wikipedia.org/wiki/Federal_prosecution_of_Donald_Trump_\(election_obstruction_case\) "Federal prosecution of Donald Trump (election obstruction case)") [Classified documents federal indictment](https://en.wikipedia.org/wiki/Federal_prosecution_of_Donald_Trump_\(classified_documents_case\) "Federal prosecution of Donald Trump (classified documents case)") [special counsel investigation](https://en.wikipedia.org/wiki/Smith_special_counsel_investigation "Smith special counsel investigation") [Plasmic Echo](https://en.wikipedia.org/wiki/FBI_investigation_into_Donald_Trump%27s_handling_of_government_documents "FBI investigation into Donald Trump's handling of government documents") [FBI search of Mar-a-Lago](https://en.wikipedia.org/wiki/FBI_search_of_Mar-a-Lago "FBI search of Mar-a-Lago") *[Trump v. United States](https://en.wikipedia.org/wiki/Trump_v._United_States_\(2022\) "Trump v. United States (2022)")* [New York indictment](https://en.wikipedia.org/wiki/Prosecution_of_Donald_Trump_in_New_York "Prosecution of Donald Trump in New York") [Stormy Daniels scandal](https://en.wikipedia.org/wiki/Stormy_Daniels%E2%80%93Donald_Trump_scandal "Stormy Daniels–Donald Trump scandal") [Karen McDougal affair](https://en.wikipedia.org/wiki/Karen_McDougal#Affair_with_Donald_Trump "Karen McDougal") [financial fraud](https://en.wikipedia.org/wiki/New_York_investigations_of_the_Trump_Organization "New York investigations of the Trump Organization") [Georgia election indictment](https://en.wikipedia.org/wiki/Georgia_election_racketeering_prosecution "Georgia election racketeering prosecution") [Georgia election investigation](https://en.wikipedia.org/wiki/2020_Georgia_election_investigation "2020 Georgia election investigation") [mug shot](https://en.wikipedia.org/wiki/Mug_shot_of_Donald_Trump "Mug shot of Donald Trump") [COVID-19 pandemic](https://en.wikipedia.org/wiki/Communication_of_the_Trump_administration_during_the_COVID-19_pandemic "Communication of the Trump administration during the COVID-19 pandemic") [Taskforce](https://en.wikipedia.org/wiki/White_House_Coronavirus_Task_Force "White House Coronavirus Task Force") [Government response](https://en.wikipedia.org/wiki/U.S._federal_government_response_to_the_COVID-19_pandemic "U.S. federal government response to the COVID-19 pandemic") [stimulus bills](https://en.wikipedia.org/wiki/Stimulus_\(economics\) "Stimulus (economics)") [CARES Act](https://en.wikipedia.org/wiki/CARES_Act "CARES Act") [Consolidated Appropriations Act, 2021](https://en.wikipedia.org/wiki/Consolidated_Appropriations_Act,_2021 "Consolidated Appropriations Act, 2021") [Operation Warp Speed](https://en.wikipedia.org/wiki/Operation_Warp_Speed "Operation Warp Speed") [White House outbreak](https://en.wikipedia.org/wiki/White_House_COVID-19_outbreak "White House COVID-19 outbreak") [Interference with science agencies](https://en.wikipedia.org/wiki/Trump_administration_political_interference_with_science_agencies "Trump administration political interference with science agencies") [](https://en.wikipedia.org/wiki/Donald_Trump "Donald Trump's signature")  | |
| [v](https://en.wikipedia.org/wiki/Template:Donald_Trump_series "Template:Donald Trump series") [t](https://en.wikipedia.org/wiki/Template_talk:Donald_Trump_series "Template talk:Donald Trump series") [e](https://en.wikipedia.org/wiki/Special:EditPage/Template:Donald_Trump_series "Special:EditPage/Template:Donald Trump series") | |
The [net worth](https://en.wikipedia.org/wiki/Net_worth "Net worth") of [Donald Trump](https://en.wikipedia.org/wiki/Donald_Trump "Donald Trump"), the 45th and 47th [president of the United States](https://en.wikipedia.org/wiki/President_of_the_United_States "President of the United States"), is not publicly known. For decades, *[Forbes](https://en.wikipedia.org/wiki/Forbes "Forbes")* has assessed his wealth, currently estimating it at \$6.5 billion as of February 2026.[\[1\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-1)[\[2\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:9-2) Meanwhile, [Bloomberg](https://en.wikipedia.org/wiki/Bloomberg_L.P. "Bloomberg L.P.") estimated his wealth at \$7.08 billion in January 2025.[\[3\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-bloomberg-3) After the early 2025 launch of [\$Trump](https://en.wikipedia.org/wiki/$Trump "$Trump"), Trump's own [cryptocurrency](https://en.wikipedia.org/wiki/Cryptocurrency "Cryptocurrency"), [*Axios*](https://en.wikipedia.org/wiki/Axios_\(website\) "Axios (website)") temporarily estimated his net worth to be \$58 billion.[\[4\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-4)
He received gifts, loans, and inheritance from his father, [Fred Trump](https://en.wikipedia.org/wiki/Fred_Trump "Fred Trump"), who was a [real-estate developer](https://en.wikipedia.org/wiki/Real-estate_developer "Real-estate developer") and businessman. [Donald Trump's primary business](https://en.wikipedia.org/wiki/Business_career_of_Donald_Trump "Business career of Donald Trump") has been real estate ventures, including hotels, casinos, and golf courses. He also made money from Trump-branded products including [neckties](https://en.wikipedia.org/wiki/Necktie "Necktie"), [steaks](https://en.wikipedia.org/wiki/Trump_Steaks "Trump Steaks"), and [urine tests](https://en.wikipedia.org/wiki/Urine_test "Urine test").[\[5\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-5) Money received through political fundraisers is used to pay for guest stays at properties owned by [the Trump Organization](https://en.wikipedia.org/wiki/The_Trump_Organization "The Trump Organization") and to pay his and his allies' lawyers.[\[6\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:3-6)[\[7\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:4-7)[\[8\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:5-8)[\[9\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:6-9)
During his second presidency, Trump has enriched himself considerably, including through foreign business deals.[\[10\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:12-10)[\[11\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-11) On his conflicts of interest and business dealings while in office, Trump said, "I found out that nobody cared, and I’m allowed to."[\[10\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:12-10)[\[12\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-12)
## Gifts, loans, and other wealth from his father
Drawing upon more than 100,000 pages of tax returns and financial records from [Fred Trump](https://en.wikipedia.org/wiki/Fred_Trump "Fred Trump")'s businesses and interviews with former advisers and employees, [the *New York Times*](https://en.wikipedia.org/wiki/The_New_York_Times "The New York Times") found 295 distinct streams of revenue that Fred Trump created over five decades in order to channel his wealth to his son.[\[13\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-takeaways-13)[\[14\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Tax_Schemes-14)
In a 2007 sworn deposition, he acknowledged borrowing \$9.6 million from his father's estate, and on the presidential campaign trail in 2015, he admitted to borrowing \$1 million from his father as a young adult.[\[15\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Massie5Nov-15)[\[16\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-small-loan-16)
### Trust funds
Trump is the beneficiary of several [trust funds](https://en.wikipedia.org/wiki/Trust_\(law\) "Trust (law)") set up by his father and paternal grandmother, which began in 1949 when he was three.[\[17\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Kessler160303-17) According to *The New York Times*, he "was a millionaire by age 8."[\[13\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-takeaways-13)[\[14\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Tax_Schemes-14) In 1976, Fred Trump set up trust funds of \$1 million (\$5.7 million in 2025 dollars) for each of his five children and three grandchildren. Donald Trump received \$90,000 in 1980 and \$214,605 in 1981 through the fund.[\[17\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Kessler160303-17)
### Tax fraud
Main articles: [New York civil investigation of The Trump Organization](https://en.wikipedia.org/wiki/New_York_civil_investigation_of_The_Trump_Organization "New York civil investigation of The Trump Organization"), [Trump v. Vance](https://en.wikipedia.org/wiki/Trump_v._Vance "Trump v. Vance"), and [Tax returns of Donald Trump](https://en.wikipedia.org/wiki/Tax_returns_of_Donald_Trump "Tax returns of Donald Trump")
For four years, Fred Trump held shares in the [*Trump Palace* condos](https://en.wikipedia.org/wiki/Trump_Palace_Condominiums "Trump Palace Condominiums"), and in 1991, he sold them to his son well below their purchase price, masking what could be considered a hidden donation and giving him the benefit of a [tax write-off](https://en.wikipedia.org/wiki/Tax_write-off "Tax write-off").[\[14\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Tax_Schemes-14)[\[18\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Buettner2-18) Fred Trump died in 1999. In 2018, when the matter came to light, the [New York State](https://en.wikipedia.org/wiki/New_York_\(state\) "New York (state)") tax department[\[19\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-19) and [New York City](https://en.wikipedia.org/wiki/New_York_City "New York City") officials[\[20\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-20) said they would investigate.
The court found that Donald Trump had for years committed [fraud](https://en.wikipedia.org/wiki/Fraud "Fraud") against banks, insurers, and others by exaggerating his net worth and significantly overvaluing assets in documents used to make deals and secure financing. The fraud included two of his residences: his [apartment in Trump Tower](https://en.wikipedia.org/wiki/Trump_Tower_penthouse_of_Donald_Trump "Trump Tower penthouse of Donald Trump") (the statements claimed it was roughly triple its true size and value)[\[21\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:19-21)[\[22\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:25-22) and [Mar-a-Lago](https://en.wikipedia.org/wiki/Mar-a-Lago "Mar-a-Lago") (the statements inflated its value by approximately 22 times).[\[23\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-egan-23)[\[24\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-24)[\[a\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-mar-28) In 2024, Trump was found liable for \$355 million in [disgorgement](https://en.wikipedia.org/wiki/Disgorgement "Disgorgement")[\[28\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-29) and roughly \$100 million in [interest](https://en.wikipedia.org/wiki/Interest "Interest").[\[29\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Scannell-30) His oldest two sons ([Donald Trump Jr.](https://en.wikipedia.org/wiki/Donald_Trump_Jr. "Donald Trump Jr.") and [Eric Trump](https://en.wikipedia.org/wiki/Eric_Trump "Eric Trump")) were ordered to pay \$4 million each, while [Allen Weisselberg](https://en.wikipedia.org/wiki/Allen_Weisselberg "Allen Weisselberg") was ordered to pay \$1 million.[\[30\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Aratani-31) After the decision, interest continued to accrue. As Donald Trump did not pay the judgment while he appealed the decision, by the end of 2024, the total he owed had increased to over \$500 million.[\[31\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-CBS2025Jan16-32)
### Inheritance
In 1993, when Trump took two loans totaling \$30 million from his siblings, their anticipated shares of Fred's estate amounted to \$35 million each.[\[32\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-OBrien2005Oct-33)[\[17\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Kessler160303-17) Upon Fred Trump's death in 1999, his will divided \$20 million (after taxes) among his surviving children.[\[17\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Kessler160303-17)[\[33\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Rozhon26June-34)[\[34\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-For_Donald_Trump,_Lessons_From_a_Brother's_Suffering-35)
## Pre-presidency
### Lawsuits
From the 1970s until he was elected president in 2016, [Donald Trump](https://en.wikipedia.org/wiki/Donald_Trump "Donald Trump") and his businesses were involved in over 4,000 legal cases in [U.S. federal](https://en.wikipedia.org/wiki/United_States_federal_courts "United States federal courts") and [state courts](https://en.wikipedia.org/wiki/State_court_\(United_States\) "State court (United States)"), including battles with casino patrons, million-dollar real estate lawsuits, personal [defamation](https://en.wikipedia.org/wiki/Defamation "Defamation") lawsuits, and over 100 business tax disputes.[\[35\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-36) At least 25 women accused him[\[36\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-BI-25-37) of [sexual harassment or sexual assault](https://en.wikipedia.org/wiki/Donald_Trump_sexual_misconduct_allegations "Donald Trump sexual misconduct allegations").[\[37\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-38)[\[38\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-39)
### Real estate
In 2015, in [Manhattan](https://en.wikipedia.org/wiki/Manhattan "Manhattan"), [Trump's name was displayed on 17 buildings](https://en.wikipedia.org/wiki/List_of_things_named_after_Donald_Trump "List of things named after Donald Trump"), plus [Wollman Rink](https://en.wikipedia.org/wiki/Wollman_Rink "Wollman Rink"), and, in the [Bronx](https://en.wikipedia.org/wiki/The_Bronx "The Bronx"), his name was on the Trump Golf Links golf course. Where his name appears on a building, it does not necessarily mean he owns the building; it represents his ownership of a unit within the building, a licensing agreement or condition of sale, or property management by the Trump Organization.[\[39\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-40)
### *The Apprentice*
From his television show *[The Apprentice](https://en.wikipedia.org/wiki/The_Apprentice_\(American_TV_series\) "The Apprentice (American TV series)")* and related licensing and endorsements, Trump received \$427.4 million from the show's beginning in 2004 through 2018.
Due largely to income received from the show, he paid a combined \$70.1 million in federal taxes in 2005, 2006, and 2007. He paid no taxes in 2008. When he filed taxes in 2009, he declared over \$700 million in business losses and, on that basis, he asked for a refund of his federal income taxes paid in 2005–2007. He was eventually refunded the \$70.1 million plus over \$2.7 million in interest. As of 2020, [auditors](https://en.wikipedia.org/wiki/Income_tax_audit "Income tax audit") were still considering the matter. If he is asked to return that federal refund, then, considering added interest and penalties, he may owe over \$100 million to the federal government.
The *New York Times* said: "He also received \$21.2 million in state and local refunds, which often piggyback on federal filings," and he may be obligated to return those refunds, too.[\[40\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Buettner-41)
### Foundation
Main article: [Donald J. Trump Foundation](https://en.wikipedia.org/wiki/Donald_J._Trump_Foundation "Donald J. Trump Foundation")
Trump formed his charitable foundation in 1988. In the first decade of the 2000s, he gave away \$2.8 million through the foundation (though he had pledged three times that amount). He stopped personally contributing to the foundation in 2008, though he accepted donations from others.[\[41\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-42) In 2018, the foundation agreed to shut down. It was facing a [civil lawsuit by the New York attorney general](https://en.wikipedia.org/wiki/New_York_civil_investigation_of_The_Trump_Organization "New York civil investigation of The Trump Organization") (AG) that alleged "persistently illegal conduct" including self-dealing and funneling campaign contributions. Furthermore, it had never been properly certified in New York and did not submit to the annual audit that would have been required.[\[42\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-43) In November 2019, Trump was ordered to pay a \$2 million settlement for misusing the foundation for his business and political purposes.[\[43\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-auto-44)[\[44\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-45)
## First presidency
"I became President because of the brand...I think it's the hottest brand in the world," Trump testified in April 2023 in the New York civil investigation. He suggested that the "brand value" of the U.S. presidency had been worth to him "maybe \$10 billion or something."[\[45\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-46)
During his presidency, Trump reported over \$1.6 billion of outside revenue and income from his companies, including [the Trump Organization](https://en.wikipedia.org/wiki/The_Trump_Organization "The Trump Organization"). "While Trump publicly took credit for donating his taxpayer-funded salary," [Citizens for Responsibility and Ethics in Washington](https://en.wikipedia.org/wiki/Citizens_for_Responsibility_and_Ethics_in_Washington "Citizens for Responsibility and Ethics in Washington") noted that the presidential salary he donated was not even one-thousandth of what he was earning as a businessman.[\[46\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-47)
Nonetheless, the Forbes estimate of his wealth decreased from \$3.7 billion just before he took office[\[47\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-48) to \$2.5 billion when he left it.[\[48\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-49)
Five months into his presidency, the Trump Organization paid off a loan to L/P Daewoo, a company with ties to [North Korea](https://en.wikipedia.org/wiki/North_Korea "North Korea"). During the campaign, the debt of nearly \$20 million had not been mentioned in the Trump campaign's [financial disclosure filings](https://en.wikipedia.org/wiki/Financial_disclosure_of_public_servants "Financial disclosure of public servants").[\[49\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-50)
Political donations from small and large donors alike ended up funding Trump's personal businesses. During his presidency, his businesses received \$8.5 million from political fundraising under his control, including the Trump campaign, and \$2 million from other Republican fundraising sources.[\[50\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-51)
Though the Trump Organization claimed it would let federal employees who traveled with President Trump stay at his properties “for free” or “at cost”, it charged the [Secret Service](https://en.wikipedia.org/wiki/United_States_Secret_Service "United States Secret Service") up to \$1,185 per night, generating over \$1.4 million in Secret Service lodging expenses over four years. This bill is charged to taxpayers and paid to the Trump Organization.[\[51\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-52)
During the first two years of his term, the governments of [China](https://en.wikipedia.org/wiki/China "China"), [Turkey](https://en.wikipedia.org/wiki/Turkey "Turkey"), [Malaysia](https://en.wikipedia.org/wiki/Malaysia "Malaysia"), [Saudi Arabia](https://en.wikipedia.org/wiki/Saudi_Arabia "Saudi Arabia"), [Qatar](https://en.wikipedia.org/wiki/Qatar "Qatar"), and the [United Arab Emirates](https://en.wikipedia.org/wiki/United_Arab_Emirates "United Arab Emirates") spent a combined total of over \$700,000 at the [Trump International Hotel in Washington, D.C.](https://en.wikipedia.org/wiki/Trump_International_Hotel_Washington,_D.C. "Trump International Hotel Washington, D.C.")[\[52\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-53)
For federal income taxes, Trump paid \$750 in 2017, a combined \$1.1 million in 2018 and 2019 (when his taxable income was nearly \$23 million and nearly \$3 million respectively), and nothing in 2020 (when he reported a loss of over \$16 million).[\[53\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-54)
[](https://en.wikipedia.org/wiki/File:White_House_for_Sale_-_How_Princes,_Prime_Ministers,_and_Premiers_Paid_Off_President_Trump_-_Report.pdf)
The January 2024 report released by the Democratic members of the [House Oversight Committee](https://en.wikipedia.org/wiki/House_Oversight_Committee "House Oversight Committee") detailing over \$7.8 million in payments made by foreign governments to Donald Trump during his presidency
On March 17, 2023, Washington, D.C. representative [Jamie Raskin](https://en.wikipedia.org/wiki/Jamie_Raskin "Jamie Raskin"), Ranking Member of the [Committee on Oversight and Accountability](https://en.wikipedia.org/wiki/United_States_House_Committee_on_Oversight_and_Accountability "United States House Committee on Oversight and Accountability"), released a report on [Donald Trump](https://en.wikipedia.org/wiki/Donald_Trump "Donald Trump"). Trump and his family members were accused of failing to publicly provide details about more than 100 foreign gifts he received. Some records disclosed that Saudi Arabia's crown prince [Mohammad bin Salman](https://en.wikipedia.org/wiki/Mohammad_bin_Salman "Mohammad bin Salman") provided 16 unreported gifts worth more than \$45,000 to Trump, including swords and daggers. Japanese Prime Minister [Shinzo Abe](https://en.wikipedia.org/wiki/Shinzo_Abe "Shinzo Abe") gifted Golden Golf Clubs to Trump. [India](https://en.wikipedia.org/wiki/India "India") provided 17 gifts, with an estimated value of \$47,000.[\[54\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-55) On January 3, 2024, Raskin and House Oversight Committee Democrats released a report showing that Trump's businesses had received \$7.8 million in payments from foreign governments during his presidency. On January 10, during a [Fox News](https://en.wikipedia.org/wiki/Fox_News "Fox News") town hall, Trump admitted that foreign governments had paid him for hotel stays. "I was doing services for that," Trump said. Raskin demanded that Trump return all money received to the [U.S. Treasury](https://en.wikipedia.org/wiki/United_States_Department_of_the_Treasury "United States Department of the Treasury").[\[55\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-2024.Jan.12.HuffPost-56)
Because the ruling in the [New York civil case](https://en.wikipedia.org/wiki/New_York_civil_investigation_of_The_Trump_Organization "New York civil investigation of The Trump Organization") banned him from “borrowing from New York-chartered banks until 2027,” the Financial Times wrote in February 2024, “this sharply raises the leverage of potential lenders in the Gulf and elsewhere.”[\[56\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-57)
## Between presidencies
### Loans and accounting
After Trump lost the [2020 election](https://en.wikipedia.org/wiki/2020_United_States_presidential_election "2020 United States presidential election"), [Deutsche Bank](https://en.wikipedia.org/wiki/Deutsche_Bank "Deutsche Bank") senior banker [Rosemary Vrablic](https://en.wikipedia.org/wiki/Rosemary_Vrablic "Rosemary Vrablic") announced on December 22, 2020, that she was resigning from the bank, effective December 31. The reasons for her resignation were unknown, but the *New York Times* provided context: In 2011, Vrablic had taken Trump as a client and loaned him \$300 million, although this was controversial within the bank, especially as Trump had defaulted on a large loan they'd given him just three years earlier. She also engaged in personal business transactions with Trump. It was expected that Deutsche Bank employees would be asked to testify before a grand jury in the [criminal investigations of the Manhattan DA](https://en.wikipedia.org/wiki/New_York_criminal_investigation_of_The_Trump_Organization "New York criminal investigation of The Trump Organization").[\[57\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Enrich-58)
In February 2022, Trump's longtime accounting firm, [Mazars](https://en.wikipedia.org/wiki/Forvis_Mazars "Forvis Mazars"), said it no longer trusted his information and would no longer serve as his accountant.[\[58\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-59) Nonetheless, that month, [Axos Bank](https://en.wikipedia.org/wiki/Axos_Financial "Axos Financial") loaned Trump \$100 million on Trump Tower at 4.25 percent for 10 years. In May 2022, it loaned him \$125 million on his [Doral golf resort](https://en.wikipedia.org/wiki/Trump_National_Doral_Miami "Trump National Doral Miami") at 4.9 percent for 10 years. Axos CEO Gregory Garrabrants authorized both loans.[\[59\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:7-60)
Trump's 2024 assets were valued at \$1.6 billion or more, and his income that year was over \$600 million. Income sources included crypto, golf clubs, and licensing. This was revealed in a public financial disclosure on June 13, 2025.[\[60\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-61)
In August 2025, the anti-corruption group Accountable.US estimated that he might have "about \$11.6 billion in uncounted crypto assets", forming three-quarters of his total wealth.[\[61\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-62)
### Business relationships
Following the [storming of the U.S. Capitol](https://en.wikipedia.org/wiki/Storming_of_the_U.S._Capitol "Storming of the U.S. Capitol") on January 6, 2021, Trump suddenly lost a number of platforms and relationships, including Twitter, Facebook, Stripe, Shopify, and a [PGA Championship](https://en.wikipedia.org/wiki/PGA_Championship "PGA Championship") that was to be held at one of his golf courses.[\[62\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-63) Deutsche Bank said it would no longer do business with Trump, while [Signature Bank](https://en.wikipedia.org/wiki/Signature_Bank "Signature Bank") (an American company) not only began closing his accounts but also called for him to resign the presidency.[\[63\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-64) New York City revoked its contracts with the Trump Organization, which include ice skating rinks and a [carousel](https://en.wikipedia.org/wiki/Central_Park_Carousel "Central Park Carousel") at [Central Park](https://en.wikipedia.org/wiki/Central_Park "Central Park") and the Trump Golf Links at the Ferry Point golf course in the Bronx, for which it had been paying the Trump Organization \$17 million per year.[\[64\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-65) (Two years later, the Trump Organization sold the rights to the golf course to [Bally's Corporation](https://en.wikipedia.org/wiki/Bally%27s_Corporation "Bally's Corporation").)[\[65\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-66) The real estate firm [Cushman & Wakefield](https://en.wikipedia.org/wiki/Cushman_%26_Wakefield "Cushman & Wakefield") said it would no longer handle leasing for [Trump Tower](https://en.wikipedia.org/wiki/Trump_Tower "Trump Tower") or [40 Wall Street](https://en.wikipedia.org/wiki/40_Wall_Street "40 Wall Street").[\[66\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-67)
As Trump's presidency ended, a number of Mar-a-Lago members were quietly abandoning their paying memberships, according to journalist [Laurence Leamer](https://en.wikipedia.org/wiki/Laurence_Leamer "Laurence Leamer"), who had written a book about the resort two years previously.[\[67\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-68) In March 2021, the beach club and dining room were temporarily shut down after staff were diagnosed with [COVID-19](https://en.wikipedia.org/wiki/COVID-19 "COVID-19").[\[68\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-69) In early 2021, after leaving the presidency, Trump was working out of Mar-a-Lago, where he converted a bridal suite into an office.[\[69\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-70)
On May 11, 2022, the Trump Organization sold its lease of the [Old Post Office](https://en.wikipedia.org/wiki/Old_Post_Office_\(Washington,_D.C.\) "Old Post Office (Washington, D.C.)") in Washington, D.C. for a \$100 million profit,[\[70\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-nytimes.com-71) and he paid off his \$170 million Deutsche Bank loan with the proceeds. Axos Bank was involved during the last two months of the deal and financed part of a loan he needed to complete it.[\[59\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:7-60) Earlier that year, the [House Oversight Committee](https://en.wikipedia.org/wiki/United_States_House_Committee_on_Oversight_and_Reform "United States House Committee on Oversight and Reform") had tried to prevent Trump from selling, arguing that he had given the U.S. [General Services Administration](https://en.wikipedia.org/wiki/General_Services_Administration "General Services Administration") (GSA) "at least one financial statement with possible material misrepresentations" and should not be "rewarded" for "seeking to profit off the presidency."[\[71\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:0-72) He ran the Trump International Hotel from 2016 to 2022 out of the Old Post Office,[\[72\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-73) where the GSA gave him a 60-year lease in 2013.[\[73\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-74)
In January 2025, days before Trump's second inauguration, an Abu Dhabi royal family agreed to purchase a 49% stake in his cryptocurrency company, [World Liberty Financial](https://en.wikipedia.org/wiki/World_Liberty_Financial "World Liberty Financial"), for \$500 million. They paid half up front. The deal was kept secret for a year.[\[74\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-75)
### Airplane
Two months after Biden's inauguration, it was reported that Trump's personal [Boeing 757](https://en.wikipedia.org/wiki/Boeing_757 "Boeing 757") was in need of repairs and that it had not flown since his presidential term ended.[\[75\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-76)
### Merchandise
In November 2021, Trump released a coffee table book titled *[Our Journey Together](https://en.wikipedia.org/wiki/Our_Journey_Together "Our Journey Together")*, which was sold for \$75 per copy and had gross sales of \$20 million within two months.[\[76\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-77) The book used [public domain](https://en.wikipedia.org/wiki/Public_domain "Public domain") images taken by taxpayer-funded White House photographers.[\[77\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-78)
In 2023, Trump made \$7.2 million through a licensing deal to sell Trump [NFT](https://en.wikipedia.org/wiki/Non-fungible_token "Non-fungible token") "trading cards."[\[78\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-2024Sep27CNN-79)
In 2024, he sold Trump-themed "God Bless the USA" Bibles (printed in China for less than \$3 each, retailing for \$59.99 and up, some touting the [July 13th attempt on his life](https://en.wikipedia.org/wiki/Attempted_assassination_of_Donald_Trump_in_Pennsylvania "Attempted assassination of Donald Trump in Pennsylvania") as "the day God intervened"),[\[79\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-80) two other books, golden sneakers, silver "Trump Coins" (with his face imprinted on one side and the White House on the other), and "Trump Watches" (most of which retail for \$499, with one priced at \$100,000).[\[78\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-2024Sep27CNN-79)
### Fundraising
A number of large companies halted their political contributions to Trump after the [storming of the Capitol](https://en.wikipedia.org/wiki/2021_storming_of_the_United_States_Capitol "2021 storming of the United States Capitol"),[\[80\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-81) and, coincidentally, Trump's largest political donor, [Sheldon Adelson](https://en.wikipedia.org/wiki/Sheldon_Adelson "Sheldon Adelson"), died on January 11, 2021. Overall, however, Trump raised more funds than others. In April 2021, a Trump adviser claimed that Trump's available political funds (\$85 million) roughly equalled the [RNC](https://en.wikipedia.org/wiki/Republican_National_Committee "Republican National Committee")'s (\$84 million).[\[81\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-82) At the end of January 2022, the [Save America PAC](https://en.wikipedia.org/wiki/Save_America "Save America") had \$108 million, more than double what the Republican National Committee had.[\[82\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:2-83)
From 2015 through the first half of 2024, political groups spent \$35 million at Trump properties, over 80 percent of which was spent by groups backing Trump specifically.[\[83\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-2024Aug23CNN-84) Some of this activity was post-presidency. Over less than two years – 2021 (after he left office) and 2022 – his political committees spent over \$900,000 at his properties, according to [Federal Election Commission](https://en.wikipedia.org/wiki/Federal_Election_Commission "Federal Election Commission") filings analyzed by the HuffPost.[\[84\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-85) This spending increased in 2023 and 2024.[\[83\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-2024Aug23CNN-84)
In April 2024, a new fundraising committee, Trump 47, filed its first FEC report, revealing that 20 people had contributed at least \$800,000 each.[\[85\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-86)
#### Save America PAC
Main article: [Save America](https://en.wikipedia.org/wiki/Save_America "Save America")
After losing the November 2020 election, Trump formed a [leadership political action committee](https://en.wikipedia.org/wiki/Leadership_PAC "Leadership PAC") (leadership PAC) called "[Save America](https://en.wikipedia.org/wiki/Save_America "Save America")". Beginning the day after the election and continuing until the vote certification on January 6, 2021, Trump's mass emails to his supporters asked for small-dollar contributions to the "Official Election Defense Fund," which did not exist; all the funds raised went to Save America.[\[86\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-87) According to filings with the Federal Election Commission, the PAC had raised \$31 million by the end of 2020[\[87\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-88) and \$255.4 million by the end of January 2021.[\[88\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-89)
"Save America" is also entitled to \$45 million from the Trump Make America Great Again Committee, which raised those funds together with the [Republican National Committee](https://en.wikipedia.org/wiki/Republican_National_Committee "Republican National Committee") (RNC). While Trump had claimed the money would go toward challenging his own 2020 election loss and supporting Republicans in the [Georgia Senate runoff election](https://en.wikipedia.org/wiki/2020%E2%80%9321_United_States_Senate_election_in_Georgia "2020–21 United States Senate election in Georgia"), the money was not used for these purposes.[\[89\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-90) By mid-2022, 69 Trump allies had received \$350,000 from Save America.[\[7\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:4-7) Some of it was also spent at Trump Organization properties.[\[8\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:5-8) In September 2022, it was reported that the Save America PAC had advanced \$3 million to lawyer [Chris Kise](https://en.wikipedia.org/wiki/Chris_Kise "Chris Kise") to defend Trump in the Justice Department probe of the [presidential records seized at Mar-a-Lago](https://en.wikipedia.org/wiki/FBI_search_of_Mar-a-Lago "FBI search of Mar-a-Lago").[\[90\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-91)
A Trump fundraising email on March 8, 2021, told donors that their money should go to the Save America PAC rather than to "[RINOs](https://en.wikipedia.org/wiki/RINOs "RINOs")" (“Republicans in name only").[\[91\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-92)[\[92\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-93) As of March 2021, Trump's website said that 90% of new donations would go to the Save America PAC and the remainder to the Make America Great Again (MAGA) PAC, a new entity he created on February 27, 2021, with the remaining \$8 million from the former [Donald J. Trump For President campaign committee](https://en.wikipedia.org/wiki/Donald_Trump_2020_presidential_campaign "Donald Trump 2020 presidential campaign"). He made his first in-person fundraising request in a public setting on February 28 at the [Conservative Political Action Conference](https://en.wikipedia.org/wiki/2021_Conservative_Political_Action_Conference "2021 Conservative Political Action Conference").[\[93\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-94) In mid-2021, it was anticipated that Trump would encounter difficulty maintaining his donor lists, given that Facebook was still not allowing him to use its platform.[\[94\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-95)
The Save America PAC raised around \$75 million during the first half of 2021. Though some was spent on Trump's travel costs, legal costs, and staff costs, none was spent on ballot reviews of the 2020 election, despite advertisements for donors to "join the fight to secure our elections".[\[95\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-96) By the end of June 2021, the Save America PAC had paid over \$200,000 to a legal firm associated with Trump's interactions with the [House Select Committee on the January 6 Attack](https://en.wikipedia.org/wiki/House_Select_Committee_on_the_January_6_Attack "House Select Committee on the January 6 Attack") while paying nothing for the defense of hundreds of Trump supporters facing charges related to January 6.[\[9\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:6-9) At that time, the Save America PAC and MAGA PAC combined had nearly \$102 million in cash reserves.[\[96\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-97) In October 2021, the RNC paid Trump's attorneys over \$121,000 to address what the RNC claimed were "politically motivated legal proceedings waged against President Trump".[\[97\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-98)
The Save America PAC donated nothing to other candidates in January 2022.[\[82\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:2-83) Through February 2022, it gave \$205,000 to 41 federal candidates and \$145,500 to 29 state candidates while sitting on over \$110 million.[\[98\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-99) It had over \$99 million in cash at the end of July 2022[\[99\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-SubpoenaPAC-100) and \$93 million at the end of August 2022.[\[100\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-91percentOverhead-101) In October 2022, it transferred \$60 million to the Make America Great Again Inc. super PAC (which also took in millions of dollars from other sources). The MAGA Inc. super PAC spent only \$15 million on Republican Senate candidates in the [November 2022 midterm elections](https://en.wikipedia.org/wiki/2022_United_States_elections "2022 United States elections"); with \$54 million remaining, it said its new goal was to [reelect Trump in 2024](https://en.wikipedia.org/wiki/Donald_Trump_2024_presidential_campaign "Donald Trump 2024 presidential campaign").[\[101\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-102)
In the third quarter of 2022, Trump spent \$22 million to fundraise \$24 million.[\[100\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-91percentOverhead-101)
In 2022, the Save America PAC paid over \$120,000 to the Brand Woodward Law firm, paying legal bills for [Kash Patel](https://en.wikipedia.org/wiki/Kash_Patel "Kash Patel") and [Walt Nauta](https://en.wikipedia.org/wiki/Walt_Nauta "Walt Nauta"), both of whom testified regarding the government documents Trump took to Mar-a-Lago.[\[6\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:3-6)
In 2023, about 10 percent of Trump's political fundraising was sent to the Save America PAC whose primary expense was his legal bills. That year, multiple Trump PACs spent a total of roughly \$50 million of donor funds on Trump's legal bills.[\[102\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-103) Most of the funds came from small-dollar donors.[\[103\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-104)
By late 2024, Save America had paid a total of over \$90 million to attorneys working on his cases.[\[104\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-105)
#### Republican National Committee funds
Between October 2021 and July 2022, the RNC paid nearly \$2 million to Trump's lawyers. In July 2022, the RNC warned it would stop these payments if Trump declared a bid in the 2024 election, on the grounds that it doesn't take sides in a presidential primary.[\[105\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-106)
In early 2024, former RNC chair [Michael Steele](https://en.wikipedia.org/wiki/Michael_Steele "Michael Steele"), as well as current and former RNC members, expressed concern that Trump would try to leverage RNC funds to pay the judgments against him in the [E. Jean Carroll case](https://en.wikipedia.org/wiki/E._Jean_Carroll_v._Donald_J._Trump "E. Jean Carroll v. Donald J. Trump") and the [New York civil investigation of the Trump Organization](https://en.wikipedia.org/wiki/New_York_civil_investigation_of_The_Trump_Organization "New York civil investigation of The Trump Organization").[\[106\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-107)
On February 26, 2024, [Ronna McDaniel](https://en.wikipedia.org/wiki/Ronna_McDaniel "Ronna McDaniel") announced she would resign as RNC chair according to Trump's wishes.[\[107\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-108) On March 8, [Lara Trump](https://en.wikipedia.org/wiki/Lara_Trump "Lara Trump") was elected RNC co-chair by unanimous vote.[\[108\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-109) An RNC fundraising dinner planned for April 6, 2024 will direct funds to the Save America PAC, which pays Donald Trump's legal bills.[\[109\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-110)\[*[needs update](https://en.wikipedia.org/wiki/Wikipedia:Manual_of_Style/Dates_and_numbers#Chronological_items "Wikipedia:Manual of Style/Dates and numbers")*\]
#### Donor refunds
In September and October 2020, the for-profit donation processor WinRed presented recurring donations as the default option, a feature that was revealed in the fine print. From mid-October 2020 to the end of 2020, the Trump campaign and the RNC refunded over \$64 million to online donors who had complained they had only meant to make one-time contributions.[\[110\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-111) During the first half of 2021, another \$12.8 million was refunded.[\[111\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-112)
#### Investigations
In September 2022, the Justice Department issued a grand jury subpoena to the Save America PAC.[\[99\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-SubpoenaPAC-100) Subpoenas were also served to former Trump aides [Stephen Miller](https://en.wikipedia.org/wiki/Stephen_Miller "Stephen Miller") and [Brian Jack](https://en.wikipedia.org/wiki/Brian_Jack "Brian Jack").[\[112\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-113)
## Second presidency
Following the UAE's \$500 million investment in World Liberty Financial cryptocurrency just before the inauguration, Trump made an additional \$1.4 billion off the presidency during his first year back in office. Most of this was from other cryptocurrency, while \$90 million was from settling lawsuits with tech and media companies.[\[113\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-114)
### Sources of wealth
On May 21, 2025, the Department of Defense accepted a luxury [Boeing 747-8](https://en.wikipedia.org/wiki/Boeing_747-8 "Boeing 747-8") jumbo jet, worth about \$400 million, as a gift from the [royal family of Qatar](https://en.wikipedia.org/wiki/House_of_Thani "House of Thani"), to be customized at additional cost and used as Air Force One.[\[114\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-115) The gift had been publicly announced ten days earlier. At that time, attorney General [Pam Bondi](https://en.wikipedia.org/wiki/Pam_Bondi "Pam Bondi") and White House lawyer [David Warrington](https://en.wikipedia.org/wiki/David_Warrington "David Warrington") formally opined that it would be legal as long as it were donated to the Department of Defense (rather than to Trump personally) and then gifted to the [Trump presidential library foundation](https://en.wikipedia.org/wiki/Donald_J._Trump_Presidential_Library "Donald J. Trump Presidential Library") just before Trump leaves office.[\[115\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-116) On May 28, the [Washington Post](https://en.wikipedia.org/wiki/Washington_Post "Washington Post") reported that Qatar was requesting a memorandum of understanding to release it from any liability.[\[116\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-WAPO-117) The United States will pay "probably less than \$400 million" to retrofit the aircraft, according to Air Force Secretary Troy Meink's testimony on June 5 before the House Armed Services Committee.[\[117\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-118) [Andrew Hunter](https://en.wikipedia.org/wiki/Andrew_P._Hunter "Andrew P. Hunter"), former assistant secretary of the Air Force under the Biden administration, said he expected retrofitting would be a years-long process.[\[118\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-119) On September 29, Trump signed an executive order that the United States will treat "any armed attack" on Qatar "as a threat to the peace and security of the United States."[\[119\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-120)[\[120\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-121) On October 10, at a Pentagon press conference alongside Qatari Defense Minister Sheikh [Saoud bin Abdulrahman Al Thani](https://en.wikipedia.org/wiki/Saoud_bin_Abdulrahman_Al_Thani "Saoud bin Abdulrahman Al Thani"), U.S. Defense Secretary Pete Hegseth announced that a [Qatari Emiri Air Force](https://en.wikipedia.org/wiki/Qatar_Emiri_Air_Force "Qatar Emiri Air Force") facility would be built in Idaho at the U.S. [Mountain Home Air Force Base](https://en.wikipedia.org/wiki/Mountain_Home_Air_Force_Base "Mountain Home Air Force Base").[\[121\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-122) Hours later, following public criticism, Hegseth posted to X: "to be clear, Qatar will not have their own base in the United States—nor anything like it."[\[122\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-123) In January 2026, after [Trump seized Venezuelan oil](https://en.wikipedia.org/wiki/2026_United_States_intervention_in_Venezuela "2026 United States intervention in Venezuela") valued at \$500 million, revenue from the oil sales was held mainly in a bank account in Qatar controlled by the U.S. government.[\[123\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-124)
On June 16, 2025, he announced a new business called [Trump Mobile](https://en.wikipedia.org/wiki/Trump_Mobile "Trump Mobile") that planned to sell an Android phone model called a T1 for \$499 along with 5G service for an additional \$47.45 per month.[\[124\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-125)
On June 30, 2025, he announced two fragrances called the Victory 45-47 scents. They sell for \$249 per bottle. As the disclaimer said they were "not designed, manufactured, distributed or sold" by Trump himself or the Trump Organization, HuffPost speculated that Trump was likely receiving a licensing fee.[\[125\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-126)
On August 27, 2025, he announced on Truth Social that he had "raised, since the Great Presidential Election of 2024, in various forms and political entities, in excess of 1.5 Billion Dollars."[\[126\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-127)
In September 2025, House and Senate Democrats wrote to law firms [Paul Weiss](https://en.wikipedia.org/wiki/Paul,_Weiss,_Rifkind,_Wharton_%26_Garrison "Paul, Weiss, Rifkind, Wharton & Garrison"), [Kirkland & Ellis](https://en.wikipedia.org/wiki/Kirkland_%26_Ellis "Kirkland & Ellis") and [Skadden Arps](https://en.wikipedia.org/wiki/Skadden,_Arps,_Slate,_Meagher_%26_Flom "Skadden, Arps, Slate, Meagher & Flom") asking why they were reportedly providing free legal services, valued at tens of millions of dollars, to the [Commerce Department](https://en.wikipedia.org/wiki/United_States_Department_of_Commerce "United States Department of Commerce"), after having been pressured by Trump.[\[127\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-128)
From late August to early October 2025, he bought corporate and municipal bonds valued at somewhere between \$82 and \$337 million, investing in sectors that benefit from his policies, including tech companies, banks and retailers.[\[128\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-129)
## Net worth
[](https://en.wikipedia.org/wiki/File:1982-_Net_worth_of_Donald_Trump.svg)
Trump's net worth over time, as estimated by *[Forbes](https://en.wikipedia.org/wiki/Forbes "Forbes")* magazine[\[129\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Forbes1982--130)[\[130\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Forbes2001--131)
Discrepancies in the estimates of various organizations are due in part to the uncertainty of appraised property values, as well as Trump's own assessment of the value of his [personal brand](https://en.wikipedia.org/wiki/Personal_brand "Personal brand").[\[131\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Melby19July-132)[\[132\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-133)
### 1980s and 1990s
Trump was listed on the initial *Forbes List* of wealthy individuals in 1982 as having a share of his family's estimated \$200 million net worth.[\[32\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-OBrien2005Oct-33) Former *Forbes* reporter Jonathan Greenberg said in 2018 that during the 1980s Trump had deceived him about his actual net worth and his share of the family assets in order to appear on the list. According to Greenberg,
> "it took decades to unwind the elaborate farce Trump had enacted to project an image as one of the richest people in America. Nearly every assertion supporting that claim was untrue. Trump wasn't just poorer than he said he was. Over time, I have learned that he should not have been on the first three Forbes 400 lists at all. In our first-ever list, in 1982, we included him at \$100 million, but Trump was actually worth roughly \$5 million – a paltry sum by the standards of his super-monied peers – as a spate of government reports and books showed only much later."[\[133\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-WP-20180420-134)[\[134\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-CNN-20180420-135)
After several years on the *Forbes List*, Trump's financial losses in the 1980s caused him to be dropped from 1990 to 1995, and reportedly obliged him to borrow from his siblings' trusts in 1993.[\[32\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-OBrien2005Oct-33)
In 1997, Trump visited P.S. 70, an elementary school in the Bronx. The chess team needed money to travel to the national championship tournament. Trump dropped a fake \$1 million bill in their basket. He later mailed them \$200.[\[135\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-136)[\[136\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-137)[\[137\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-138)
### 2000s and 2010s
In 2005, *The New York Times* referred to Trump's "verbal billions" in a skeptical article about Trump's self-reported wealth.[\[32\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-OBrien2005Oct-33) At the time, three individuals with direct knowledge of Trump's finances told reporter [Timothy L. O'Brien](https://en.wikipedia.org/wiki/Timothy_L._O%27Brien "Timothy L. O'Brien") that Trump's actual net worth was between \$150 and \$250 million, though Trump then publicly claimed a net worth of \$5 to \$6 billion.[\[32\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-OBrien2005Oct-33) Claiming libel, Trump sued the reporter (and his book publisher) for \$5 billion, lost the case, and then lost again on appeal; Trump refused to turn over [his unredacted tax returns](https://en.wikipedia.org/wiki/Tax_returns_of_Donald_Trump "Tax returns of Donald Trump") despite his assertion they supported his case.[\[138\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Geraghty25Feb-139)
When he filed his 2008 tax return, he reported losses of \$651 million, having called his [Trump International Hotel and Tower (Chicago)](https://en.wikipedia.org/wiki/Trump_International_Hotel_and_Tower_\(Chicago\) "Trump International Hotel and Tower (Chicago)") "worthless". In 2010, his lawyers put the building under DJT Holdings LLC, which would later cover other Trump properties and businesses and would record an additional \$168 million in losses over the next decade. This drew IRS attention, and it was reported in 2024 that Trump might owe \$100 million in taxes in a revised calculation for these moves.[\[139\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-140)
In April 2011, amid speculation whether Trump would run as a candidate in the United States presidential election of 2012, *[Politico](https://en.wikipedia.org/wiki/Politico "Politico")* quoted unnamed sources close to him stating that, if Trump should decide to run for president, he would file "financial disclosure statements that \[would\] show his net worth \[was\] in excess of \$7 billion with more than \$250 million of cash, and very little debt".[\[140\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-141) Although Trump did not run as a candidate in the 2012 elections, his "professionally prepared" 2012 financial disclosure was published in his book, which claimed a \$7 billion net worth.[\[141\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Regnery2011-142)
On June 16, 2015, just before announcing his candidacy for U.S. president, Trump released a one-page financial statement "from a big accounting firm – one of the most respected"[\[142\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-NPR17June-143) – stating a net worth of \$8,737,540,000.[\[143\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-144) "I'm really rich," Trump said.[\[142\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-NPR17June-143) *Forbes* believed his claim of \$9 billion was "a whopper", figuring it was actually \$4.1 billion.[\[144\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Carlyle16June-145) (Several years later, his lawyer [Michael Cohen](https://en.wikipedia.org/wiki/Michael_Cohen_\(lawyer\) "Michael Cohen (lawyer)") admitted in his memoir that "I'd personally pumped in the helium into his balloon-like net worth," including by inflating his estimate of the worth of the Gucci building, and said that he knew Trump at this time had "\$2 billion, absolute tops."[\[145\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-146)) In June 2015, *[Business Insider](https://en.wikipedia.org/wiki/Business_Insider "Business Insider")* published Trump's June 2014 financial statement, noting that \$3.3 billion of that total is represented by "Real Estate Licensing Deals, Brand and Branded Developments", described by *Business Insider* as "basically \[implying\] that Trump values his character at \$3.3 billion".[\[146\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-147) *Forbes* reduced its estimate of Trump's net worth by \$125 million following Trump's controversial 2015 remarks about Mexican undocumented immigrants, which ended Trump's business contracts with [NBCUniversal](https://en.wikipedia.org/wiki/NBCUniversal "NBCUniversal"), [Univision](https://en.wikipedia.org/wiki/Univision "Univision"), [Macy's](https://en.wikipedia.org/wiki/Macy%27s "Macy's"), [Serta](https://en.wikipedia.org/wiki/Serta_\(company\) "Serta (company)"), [PVH Corporation](https://en.wikipedia.org/wiki/PVH_\(company\) "PVH (company)"), and Perfumania.[\[147\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Carlyle15July-148)
In March 2016, Forbes estimated his net worth at \$4.5 billion. A year later, shortly after his inauguration, they lowered it by \$1 billion, and by the end of his presidential term, they had subtracted yet another \$1 billion.[\[148\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Werschkul-149)[\[131\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Melby19July-132)[\[149\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-forbes-2019-billionaires-150)
During the three years after Trump announced his presidential run in 2015, *Forbes* estimated his net worth declined 31% and his ranking fell 138 spots on the *Forbes* list of the wealthiest Americans.[\[150\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-151) In its 2018 and 2019 billionaires rankings, *Forbes* estimated Trump's net worth at \$3.1 billion. (In 2018, this was 766th in the world, 248th in the U.S. In 2019, this was 715th in the world, 259th in the U.S.)[\[149\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-forbes-2019-billionaires-150) [Bloomberg Billionaires Index](https://en.wikipedia.org/wiki/Bloomberg_Billionaires_Index "Bloomberg Billionaires Index") listed Trump's net worth as \$2.48 billion on May 31, 2018,[\[151\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-BBI-152) and Wealth-X listed it as at least \$3.8 billion on July 16, 2018.[\[152\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-WX-153)
### 2020s
[](https://en.wikipedia.org/wiki/File:20240326_Trump_Media_DJT_stock_price,_weekly.svg)
DJT stock price reached over \$79 per share after its public offering, but declined thereafter.[\[153\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-154)
[](https://en.wikipedia.org/wiki/File:2024-_DJT_net_income.svg)
Since its public offering, Trump Media & Technology Group Corp. has had net operating losses.[\[154\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-155)
On October 3, 2023, Forbes estimated Trump's wealth at \$2.6 billion and announced that he had not made their annual [*Forbes* 400](https://en.wikipedia.org/wiki/Forbes_400 "Forbes 400") list. The main reason, they said, was that, over the past year, "Trump’s 90% stake in [Truth Social’s parent company](https://en.wikipedia.org/wiki/Trump_Media_%26_Technology_Group "Trump Media & Technology Group") has plummeted in value from an estimated \$730 million to less than \$100 million." Another major reason was that the value of his building at [555 California Street](https://en.wikipedia.org/wiki/555_California_Street "555 California Street") in San Francisco "is down by an estimated \$100 million or so" and 1290 Avenue of the Americas in New York "is down by roughly \$60 million." Some of his properties were generating profit; for example, one of his golf properties, [Trump National Doral](https://en.wikipedia.org/wiki/Trump_National_Doral_Miami "Trump National Doral Miami"), has about \$20 million in annual profit. Nonetheless, Trump is "\$300 million shy of the cutoff" for the list, Forbes explained; that is, the 400 wealthiest Americans each have at least \$300 million more than he does.[\[155\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Forbes3Oct2023-156)
In March 2024, when [Trump Media & Technology Group](https://en.wikipedia.org/wiki/Trump_Media_%26_Technology_Group "Trump Media & Technology Group") (TMTG) became a public company after merging with [Digital World Acquisition Corp.](https://en.wikipedia.org/wiki/Digital_World_Acquisition_Corp. "Digital World Acquisition Corp."), a [special-purpose acquisition company](https://en.wikipedia.org/wiki/Special-purpose_acquisition_company "Special-purpose acquisition company"), Trump's net worth increased by over \$4 billion. He made the top 500 in Bloomberg Billionaires Index for the first time, with an estimated net worth of \$6.5 billion.[\[156\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-157) He was awarded an additional 36 million TMTG shares the next month, bringing his ownership in the company to around 65%.[\[157\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-158)
The value of TMTG decreased significantly by over 65% between its peak in March 2024 peak and August 2024, at which point his net worth was estimated to be \$4.3 billion.[\[2\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:9-2) Trump was not permitted to sell his shares until September 25, 2024. As of November 2024, Trump has not sold any.[\[158\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-159)
In July 2025, reporting in the New York Times estimated Trump had "As much as \$7.1 billion" in Cryptocurrencies, "At least \$2.2 billion" in Stocks, bonds and cash, "At least \$1.3 billion" in "Real estate and other business holdings" and "More than \$640 million plus interest" in debts.[\[159\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-160)
### Debt and FEC filings
In July 2015, federal election regulators released new details of Trump's self-reported wealth and financial holdings when he became a Republican presidential candidate, reporting that his assets are worth above \$1.4 billion, which includes at least \$70 million in stocks, and a debt of at least \$265 million.[\[160\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Yahoo_News-161) According to *Bloomberg*, for the purposes of Trump's FEC filings Trump "only reported revenue for \[his\] golf properties in his campaign filings even though the disclosure form asks for income", noting independent filings showing all three of his major European golf properties were unprofitable.[\[131\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Melby19July-132)
Mortgages on Trump's major properties – including [Trump Tower](https://en.wikipedia.org/wiki/Trump_Tower "Trump Tower"), [40 Wall Street](https://en.wikipedia.org/wiki/The_Trump_Building "The Trump Building"), and the [Trump National Doral](https://en.wikipedia.org/wiki/Trump_National_Doral_Miami "Trump National Doral Miami") golf course – each fall into the "above \$50 million" range, the highest reportable category on FEC filings, with Trump paying interest rates ranging from 4% to 7.125%.[\[161\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Zurcher23July-162) Mortgages on those three properties were separately reported as \$100 million, \$160 million, and \$125 million in 2013.[\[162\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Clarke1Jul-163) Trump is a leaseholder, not owner, of the land beneath 40 Wall Street.[\[163\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Craig20Aug-164) Other outstanding Trump mortgages and debts are pegged to current market interest rates.[\[161\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Zurcher23July-162) A 2012 report from Trump's accounting firm estimated \$451.7 million in debt and other collateral obligations.[\[162\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Clarke1Jul-163) Filings in 2015 disclosed debt of \$504 million, according to *Fortune* magazine.[\[164\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Tully2Mar-165) *Bloomberg* documented debt of at least \$605 million in 2016.[\[131\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Melby19July-132) Trump's outstanding debt was at least \$650 million in August 2016, in addition to an outstanding loan of \$950 million to the [Bank of China](https://en.wikipedia.org/wiki/Bank_of_China "Bank of China") and [Deutsche Bank](https://en.wikipedia.org/wiki/Deutsche_Bank "Deutsche Bank") (among other creditors) on 1290 Avenue of the Americas, in which Trump is a minority owner.[\[163\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Craig20Aug-164) In April 2020, it was reported that Trump was tens of millions of dollars in debt to China. In 2012, Trump's real estate partner refinanced the building 1290 Avenue of the Americas for almost \$1 billion. The debt includes \$211 million from the state-owned Bank of China, which matures in 2022. Trump owns a 30% stake in 1290 Avenue of the Americas.[\[165\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-166)[\[166\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-167)[\[167\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-168)
Trump reported a yearly income of \$362 million for 2014[\[168\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-financial-pr-169) and \$611 million from January 2015 to May 2016.[\[169\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-cnn-20160519-170) Trump and his family reported more than \$500 million of income in mid-2018 financial disclosure forms.[\[170\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-171)
In September 2020, *The New York Times* noted that Trump "is personally responsible for loans and other debts totaling \$421 million, with most of it coming due within four years" and no obvious way to repay them.[\[40\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Buettner-41) As of December 2020, he owed about \$330 million to Deutsche Bank, due in 2023 and 2024.[\[57\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Enrich-58) The subsequent resignation of Trump's accounting firm, Mazars, on the grounds that Trump had provided them with inaccurate information for ten years of financial statements, will make it more difficult for Trump to refinance, said *Bloomberg Opinion* executive editor Tim O'Brien.[\[171\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-172)
Trump has a total of over \$1 billion in debts, borrowed to finance his assets, reported *Forbes* in October 2020. Around \$640 million or more was owed to various banks (Deutsche Bank, Professional Bank, [Amboy Bank](https://en.wikipedia.org/wiki/Amboy_Bank "Amboy Bank"), and Investors Savings Bank) and trust organizations (Ladder Capital, Chevy Chase Trust Holdings, and the Bryn Mawr Trust Company). Around \$450 million was owed to unknown creditors, due to loans related to his properties of 1290 Avenue of the Americas and [555 California Street](https://en.wikipedia.org/wiki/555_California_Street "555 California Street"). In addition, Trump owes over \$50 million to Chicago Unit Acquisition LLC, a company he owns, which would indicate that this company is worth over \$50 million; however Trump has not disclosed any value for this company on his financial disclosure report. Overall, Trump's assets still outvalue his debts, reported Forbes.[\[172\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-173)[\[148\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Werschkul-149)
In early 2024, Trump was ordered to pay over a half-billion dollars in two civil cases:[\[173\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-174) the [E. Jean Carroll lawsuit](https://en.wikipedia.org/wiki/E._Jean_Carroll_v._Donald_J._Trump "E. Jean Carroll v. Donald J. Trump") and the [New York business fraud lawsuit](https://en.wikipedia.org/wiki/New_York_business_fraud_lawsuit_against_the_Trump_Organization "New York business fraud lawsuit against the Trump Organization"). However, in August 2025, an appeals court voided the penalty in the business fraud lawsuit, ruling that it was excessive.[\[174\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:11-175)
### Trump on his own net worth
Trump has often given much higher values for his wealth than organizations estimating it. Trump has testified that "my net worth fluctuates, and it goes up and down with markets and with attitudes and with feelings – even my own feelings".[\[175\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Mullany15July-176) On the same day, Trump's own stated estimates of his net worth have varied by as much as \$3.3 billion.[\[32\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-OBrien2005Oct-33) Trump has also acknowledged that past exaggerated estimates of his wealth have been "good for financing".[\[176\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Lane22Oct-177)
A July 2015 campaign press release, issued one month after Trump announced his presidential run, said the FEC did not design its reports to accommodate "a man of Mr. Trump's massive wealth"[\[161\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Zurcher23July-162) and that his net worth is "in excess of \[\$10 billion\]".[\[177\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-178)
In 2015, *Forbes* said that although Trump "shares a lot of information with us that helps us get to the figures we publish", he "consistently pushes for a higher net worth – especially when it comes to the value of his personal brand".[\[144\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Carlyle16June-145) In 2023, they said he had "for decades" been "relentlessly lying to reporters to try to vault himself higher on the \[Forbes 400\] list."[\[155\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Forbes3Oct2023-156)
In February 2022, Trump claimed in a defensive argument regarding the [New York investigations of The Trump Organization](https://en.wikipedia.org/wiki/New_York_investigations_of_The_Trump_Organization "New York investigations of The Trump Organization") that his net worth was "approximately \$8 to \$9 billion", based on his [brand value](https://en.wikipedia.org/wiki/Brand_valuation "Brand valuation") and "transactions which have or will take place".[\[178\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:10-179)
On August 30, 2023, New York attorney general Letitia James alleged in a court filing that Trump had falsely reported his wealth. She said he had increased his claim each year from 2011 to 2021 by between \$812 million to \$2.2 billion.[\[179\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-180)
## House subpoenas and court rulings
On May 10, 2019, House Ways and Means Committee chairman [Richard Neal](https://en.wikipedia.org/wiki/Richard_Neal "Richard Neal") subpoenaed the Treasury Department and the IRS for six years of Trump's tax returns. Seven days later, Treasury Secretary Steve Mnuchin refused to comply with the subpoenas.[\[180\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-181)[\[181\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-182)[\[182\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-183)
On May 20, 2019, President Trump lost an unrelated lawsuit in which he sought to stop his accounting firm, Mazars USA, from complying with a subpoena from the House Oversight Committee for various financial records.[\[183\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-184)[\[184\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-185) The ruling against Trump was issued by Judge [Amit Mehta](https://en.wikipedia.org/wiki/Amit_Mehta "Amit Mehta") of the [U.S. District Court for the District of Columbia](https://en.wikipedia.org/wiki/U.S._District_Court_for_the_District_of_Columbia "U.S. District Court for the District of Columbia"), who also denied the president a [stay](https://en.wikipedia.org/wiki/Stay_of_proceedings "Stay of proceedings") of the ruling pending any future appeal.[\[185\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-may20ruling-186)
On November 4, 2019, the 2nd U.S. Circuit Court of Appeals in New York upheld the lower court ruling.[\[186\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-WeiserLiptak-187)[\[187\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-2dCir-188) On December 10, 2019, the 2nd U.S. Circuit Court of Appeals in New York issued a ruling which again found that the lower court had acted properly in upholding the congressional subpoenas for Trump's financial records, but this time also ordered for Deutsche Bank and Capital One to cooperate in releasing the financial records as well.[\[188\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-189)
On July 9, 2020, the U.S. Supreme Court ruled 7–2 that Trump could not keep his financial records secret but that they should be given to the Manhattan DA rather than the [House of Representatives](https://en.wikipedia.org/wiki/United_States_House_of_Representatives "United States House of Representatives").[\[189\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-190)[\[190\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-191) The Supreme Court denied a request for a stay on February 22, 2021, and the Manhattan DA received the financial records that same day.[\[191\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:1-192)
In late 2022, the House Ways and Means Committee received Trump's tax returns.[\[192\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:222-193)
## New York tax law and investigations
Further information: [New York investigations of The Trump Organization](https://en.wikipedia.org/wiki/New_York_investigations_of_The_Trump_Organization "New York investigations of The Trump Organization")
In May 2019, both houses of the [New York State Legislature](https://en.wikipedia.org/wiki/New_York_State_Legislature "New York State Legislature"), which is based in Trump's native and business home of New York, approved a bill which allows the state's tax commissioner to release any state tax return requested by the leaders of the House Ways and Means Committee, the Senate Finance Committee or the Joint Committee on Taxation for any "specific and legitimate legislative purpose".[\[193\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-194)[\[194\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-195)
Former Trump Organization CFO [Allen Weisselberg](https://en.wikipedia.org/wiki/Allen_Weisselberg "Allen Weisselberg") and [Eric Trump](https://en.wikipedia.org/wiki/Eric_Trump "Eric Trump") each invoked their [Fifth Amendment right against self-incrimination](https://en.wikipedia.org/wiki/Self-incrimination_clause "Self-incrimination clause") over 500 times during their interviews (September 24 and October 5, 2020, respectively).[\[195\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-196)
After a Supreme Court ruling on February 22, 2021, cleared the path for Trump's tax records to be reviewed by a grand jury,[\[196\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-197) the [Mazars](https://en.wikipedia.org/wiki/Mazars "Mazars") accounting firm turned over millions of pages of documents, including Trump's tax returns from January 2011 to August 2019, to the office of the [Manhattan district attorney](https://en.wikipedia.org/wiki/New_York_County_District_Attorney "New York County District Attorney") (DA).[\[191\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:1-192) In early 2022, Mazars notified Trump that it did not trust the reliability of the information he had provided them for a decade, and thus it no longer backed the financial statements it had prepared for him, and it said it would no longer serve as his accountant.[\[197\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-198) In late 2022, the House Ways and Means Committee received Trump's tax returns[\[192\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:222-193) and publicly released them.[\[198\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-released-199)
In mid-2021, the RNC agreed to pay \$1.6 million toward Trump's legal bills in the New York investigations, although they concern business dealings that occurred before he became president.[\[199\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-200) Trump would owe income tax on money he received from the RNC.[\[200\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-201) During the last nine months of 2023, the Save America PAC paid nearly \$39 million in political donor money to pay legal fees for several of Trump's court cases.[\[201\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-202)
### Criminal case
Main article: [New York criminal investigation of The Trump Organization](https://en.wikipedia.org/wiki/New_York_criminal_investigation_of_The_Trump_Organization "New York criminal investigation of The Trump Organization")
In February 2021, Manhattan DA [Cyrus Vance Jr.](https://en.wikipedia.org/wiki/Cyrus_Vance_Jr. "Cyrus Vance Jr.") subpoenaed the New York City Tax Commission as well as Trump's creditors as part of a criminal investigation into possible property tax fraud by the Trump Organization, suggesting it sought to examine the real estate values Trump had reported. The documents would disclose whether the company inflated the value of properties to secure favorable terms on loans while deflating those values to lower tax bills.[\[202\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-203) In December 2021, two editors at *Forbes*, who had once written about Trump's estimated wealth, testified to the grand jury.[\[203\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-204)
In August 2022, Allen Weisselberg pleaded guilty to grand larceny, criminal tax fraud and falsifying business records[\[204\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-205) and agreed to testify against The Trump Organization at trial.[\[205\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-scannellCNN-206)
### Civil case
Main article: [New York business fraud lawsuit against the Trump Organization](https://en.wikipedia.org/wiki/New_York_business_fraud_lawsuit_against_the_Trump_Organization "New York business fraud lawsuit against the Trump Organization")
In January 2022, a filing by the New York state AG, [Letitia James](https://en.wikipedia.org/wiki/Letitia_James "Letitia James"), reported that Trump's tax documents show that his liquid assets were about \$93 million in 2020.[\[206\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-207) In September, James sued Trump, the Trump Organization, and his children [Donald Jr.](https://en.wikipedia.org/wiki/Donald_Trump_Jr. "Donald Trump Jr."), [Ivanka](https://en.wikipedia.org/wiki/Ivanka_Trump "Ivanka Trump"), and Eric for misrepresenting assets.[\[207\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-208) The civil suit alleged over 200 instances of fraud and asserted that Trump "wildly exaggerated his net worth by billions of dollars". A year later, New York judge Arthur Engoron sided with James on her key claim.[\[208\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-209) Though Engoron said he would cancel Trump's business certificates, a New York appeals court postponed this,[\[209\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:86-210) and ultimately Engoron changed his mind.[\[210\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:8-211)
On February 16, 2024, after a three-month trial, Engoron banned Trump from serving as an officer or director of a New York corporation for three years and his two eldest sons are similarly banned for two years. The Trump Organization will not have to dissolve, but an independent monitor must stay in place for three years, and the Trump Organization must also pay for an independent director of compliance.[\[210\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:8-211) Engoron imposed a \$364 million disgorgement, close to the \$370 million James had sought.[\[211\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-212)[\[212\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-213) Additionally, Trump was ordered to pay roughly \$100 million in interest.[\[213\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-214)
Trump could not find an insurance company to underwrite an appeal bond for this amount (\$464 million plus 20%).[\[214\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-215) On March 20, [Alina Habba](https://en.wikipedia.org/wiki/Alina_Habba "Alina Habba") was asked on Fox whether Trump sought "to secure this money through another country, \[for example\] Saudi Arabia or Russia". Habba said she was forbidden to "speak about strategy".[\[215\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-216) On April 1, Trump posted a reduced bond of \$175 million,[\[216\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-217) as permitted by a New York appeals court.[\[217\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-218) It was underwritten by Knight Specialty Insurance Company, Los Angeles, chaired by [Don Hankey](https://en.wikipedia.org/wiki/Don_Hankey "Don Hankey").[\[218\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-219)
In August 2025, an appeals court voided the penalty that Engoron had ordered, ruling that it was excessive.[\[174\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:11-175)
## E. Jean Carroll lawsuit
Further information: [E. Jean Carroll v. Donald J. Trump](https://en.wikipedia.org/wiki/E._Jean_Carroll_v._Donald_J._Trump "E. Jean Carroll v. Donald J. Trump")
Trump was found liable for sexually abusing and defaming E. Jean Carroll. In May 2023, Carroll was awarded \$5 million in damages, and in January 2024, an additional \$83.3 million.
## See also
- [False or misleading statements by Donald Trump](https://en.wikipedia.org/wiki/False_or_misleading_statements_by_Donald_Trump "False or misleading statements by Donald Trump")
- [Tax March](https://en.wikipedia.org/wiki/Tax_March "Tax March")
- [Timeline of investigations into Donald Trump and Russia](https://en.wikipedia.org/wiki/Timeline_of_investigations_into_Donald_Trump_and_Russia "Timeline of investigations into Donald Trump and Russia")
- [Wealth of Elon Musk](https://en.wikipedia.org/wiki/Wealth_of_Elon_Musk "Wealth of Elon Musk")
## Notes
1. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-mar_28-0)** In his summary judgment, Engoron noted that between 2011 and 2021, the [assessor](https://en.wikipedia.org/wiki/Tax_assessment "Tax assessment") of [Palm Beach County](https://en.wikipedia.org/wiki/Palm_Beach_County "Palm Beach County") valued Mar-a-Lago between \$18 million and \$27.6 million. In 2020, the organization valued it at \$27 million,[\[25\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-25) but in other instances valued it between \$426.5 million and \$612 million.[\[23\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-egan-23) At trial, Trump asserted that "the house" was actually worth between \$750 million and \$1.5 billion (i.e. at least 27 times the 2020 valuation).[\[26\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-reiss-26) Mar-a-Lago is ["deed restricted"](https://en.wikipedia.org/wiki/Covenant_\(law\) "Covenant (law)") such that it cannot be used for any purpose other than as a private club. Consequently, appraisers value the property based on its annual net operating income rather than the resale or reconstruction value as a home, as would be the case for an unrestricted property.[\[27\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-front_and_center-27)
## References
1. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-1)**
Alexander, Dan (October 12, 2023). ["Trump's Longtime CFO Lied, Under Oath, About Trump Tower Penthouse"](https://www.forbes.com/sites/danalexander/2023/10/12/trumps-longtime-cfo-lied-under-oath-about-trump-tower-penthouse/). *Forbes*. Retrieved February 27, 2024.
2. ^ [***a***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-:9_2-0) [***b***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-:9_2-1)
["Donald Trump"](https://www.forbes.com/profile/donald-trump/). *Forbes*. Retrieved February 1, 2026.
3. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-bloomberg_3-0)**
["Donald J. Trump"](https://www.bloomberg.com/billionaires/profiles/donald-j-trump/). [Bloomberg](https://en.wikipedia.org/wiki/Bloomberg_News "Bloomberg News"). Retrieved January 1, 2025.
4. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-4)**
Salmon, Felix (January 19, 2025). ["Donald Trump is the newest crypto billionaire"](https://www.axios.com/2025/01/19/donald-trump-crypto-billionaire). *Axios*. Retrieved January 19, 2025.
5. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-5)**
Anthony, Zane; Sanders, Kathryn; Fahrenthold, David (April 13, 2018). ["Whatever happened to Trump neckties? They're over. So is most of Trump's merchandising empire"](https://www.washingtonpost.com/politics/whatever-happened-to-trump-ties-theyre-over-so-is-most-of-trumps-merchandising-empire/2018/04/13/2c32378a-369c-11e8-acd5-35eac230e514_story.html). *The Washington Post*. Retrieved July 20, 2023. "Before he ran for office, Donald Trump made millions by selling his name to adorn other people's products. There was Trump deodorant. Trump ties. Trump steaks. Trump underwear. Trump furniture. At one time, there was even a Trump-branded urine test."
6. ^ [***a***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-:3_6-0) [***b***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-:3_6-1)
Orr, Gabby; Holmes, Kristen (December 6, 2022). ["Trump's Save America PAC paying legal bills for witnesses in Mar-a-Lago probe"](https://www.cnn.com/2022/12/06/politics/trump-pac-legal-fees-witnesses/index.html). *CNN Politics*. [Archived](https://web.archive.org/web/20240508022758/https://www.cnn.com/2022/12/06/politics/trump-pac-legal-fees-witnesses/index.html) from the original on May 8, 2024. Retrieved December 6, 2022.
7. ^ [***a***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-:4_7-0) [***b***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-:4_7-1)
Mansfield, Erin (June 16, 2022). ["Trump committee raised millions to fight election fraud before Jan. 6. Here's how that money was spent"](https://www.usatoday.com/story/news/politics/2022/06/16/trump-pac-election-fraud-jan-6-spent-money/7622885001/). *USA Today*. [Archived](https://web.archive.org/web/20240727153949/https://www.usatoday.com/story/news/politics/2022/06/16/trump-pac-election-fraud-jan-6-spent-money/7622885001/?gnt-cfr=1&gca-cat=p) from the original on July 27, 2024. Retrieved June 18, 2022.
8. ^ [***a***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-:5_8-0) [***b***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-:5_8-1)
Papenfuss, Mary (February 5, 2021). ["\$2.8 Million In Trump Reelection Donations Went To The Trump Organization: Report"](https://www.huffpost.com/entry/reelection-donations-trump-organization_n_601de3cbc5b6f38d06e399dd). *HuffPost*. [Archived](https://web.archive.org/web/20240418074907/https://www.huffpost.com/entry/reelection-donations-trump-organization_n_601de3cbc5b6f38d06e399dd) from the original on April 18, 2024. Retrieved February 6, 2021.
9. ^ [***a***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-:6_9-0) [***b***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-:6_9-1)
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Papenfuss, Mary (October 17, 2022). ["Trump Fundraising Overhead Soaks Up 91 Cents Of Each Donor Dollar: Report"](https://www.huffpost.com/entry/donald-trump-fundraising-pac-expenses_n_634cc4dbe4b08e0e6084f0bd). *HuffPost*. [Archived](https://web.archive.org/web/20231229223141/https://www.huffpost.com/entry/donald-trump-fundraising-pac-expenses_n_634cc4dbe4b08e0e6084f0bd) from the original on December 29, 2023. Retrieved October 17, 2022.
101. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-102)**
Date, S.V. (December 14, 2022). ["Trump Hoarded Most Of The \$147 Million In Small-Donor Money He Raised For Himself"](https://www.huffpost.com/entry/trump-campaign-hoarder_n_639a3c77e4b015bb57421383). *HuffPost*. [Archived](https://web.archive.org/web/20250305193620/https://www.huffpost.com/entry/trump-campaign-hoarder_n_639a3c77e4b015bb57421383) from the original on March 5, 2025. Retrieved December 15, 2022.
102. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-103)**
Visser, Nick (January 31, 2024). ["Donald Trump PACs Reportedly Spent \$50 Million In Donor Funds On Legal Fees Last Year"](https://www.huffpost.com/entry/donald-trump-pac-legal-fees-50-million_n_65b9d93ae4b01c5c3a38c1cd). *HuffPost*. [Archived](https://web.archive.org/web/20241123004339/https://www.huffpost.com/entry/donald-trump-pac-legal-fees-50-million_n_65b9d93ae4b01c5c3a38c1cd) from the original on November 23, 2024. Retrieved January 31, 2024.
103. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-104)**
Date, S.V. (February 1, 2024). ["Trump Spent \$30 Million Raised From Small-Dollar Donors On Legal Bills In Last 6 Months"](https://www.huffpost.com/entry/donald-trump-donors-lawyer-fees-federal-election-commission-filing_n_65bb090de4b05c8779f7d0ad). *HuffPost*. [Archived](https://web.archive.org/web/20250313112714/https://www.huffpost.com/entry/donald-trump-donors-lawyer-fees-federal-election-commission-filing_n_65bb090de4b05c8779f7d0ad) from the original on March 13, 2025. Retrieved February 1, 2024.
104. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-105)**
Date, S.V. (December 7, 2024). ["Trump Sends Another \$4.3 Million Of Donors' Money To His Lawyers"](https://www.huffpost.com/entry/trump-donors-lawyers_n_67539582e4b0b9c809f83d0b). *HuffPost*. [Archived](https://web.archive.org/web/20250330094329/https://www.huffpost.com/entry/trump-donors-lawyers_n_67539582e4b0b9c809f83d0b) from the original on March 30, 2025. Retrieved December 7, 2024.
105. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-106)**
Karl, Jonathan; Kim, Soo Rin (July 27, 2022). ["RNC warning to Trump: If you run for president, we stop paying your legal bills, says official"](https://abcnews.go.com/US/rnc-warning-trump-run-president-stop-paying-legal/story?id=87486985). *ABC News*. [Archived](https://web.archive.org/web/20250403064151/https://abcnews.go.com/US/rnc-warning-trump-run-president-stop-paying-legal/story?id=87486985) from the original on April 3, 2025. Retrieved August 10, 2022.
106. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-107)**
Date, S.V. (February 15, 2024). ["Trump's Takeover Of RNC Could Mean Party Donors Will Pay His Legal Bills Again"](https://www.huffpost.com/entry/donald-trump-republican-national-committee-legal-fees_n_65cd224ae4b02493f348997f). *HuffPost*. Retrieved February 17, 2024.
107. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-108)**
Peterson, Kristina (March 7, 2024). ["Ronna McDaniel Shows Why Nearly Every Alliance With Trump Eventually Frays"](https://www.wsj.com/politics/elections/ronna-mcdaniel-shows-why-nearly-every-alliance-with-trump-eventually-frays-7d3bc55a?mod=hp_lead_pos9). *The Wall Street Journal*. [Archived](https://web.archive.org/web/20240308034025/https://www.wsj.com/politics/elections/ronna-mcdaniel-shows-why-nearly-every-alliance-with-trump-eventually-frays-7d3bc55a?mod=hp_lead_pos9) from the original on March 8, 2024. Retrieved April 23, 2025.
108. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-109)**
Jackson, David (March 8, 2024). ["Donald Trump's Republican Party elects new leadership – including Lara Trump"](https://www.usatoday.com/story/news/politics/elections/2024/03/08/donald-trump-gop-rnc-lara-trump/72885304007/). *[USA Today](https://en.wikipedia.org/wiki/USA_Today "USA Today")*. [Archived](https://web.archive.org/web/20250126123416/https://www.usatoday.com/story/news/politics/elections/2024/03/08/donald-trump-gop-rnc-lara-trump/72885304007/) from the original on January 26, 2025. Retrieved March 8, 2024.
109. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-110)**
Date, S.V. (March 21, 2024). ["RNC Already Helping Raise Money For Trump's Legal Bills, Despite Campaign's Claims"](https://www.huffpost.com/entry/rnc-raising-money-trump-legal-bills_n_65fc8ddce4b01d7420ad3ba5). *HuffPost*. [Archived](https://web.archive.org/web/20241226030334/https://www.huffpost.com/entry/rnc-raising-money-trump-legal-bills_n_65fc8ddce4b01d7420ad3ba5) from the original on December 26, 2024. Retrieved March 22, 2024.
110. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-111)**
Goldmacher, Shane (April 3, 2021). ["How Trump Steered Supporters Into Unwitting Donations"](https://www.nytimes.com/2021/04/03/us/politics/trump-donations.html). *The New York Times*. [ISSN](https://en.wikipedia.org/wiki/ISSN_\(identifier\) "ISSN (identifier)") [0362-4331](https://search.worldcat.org/issn/0362-4331). [Archived](https://web.archive.org/web/20250415073757/https://www.nytimes.com/2021/04/03/us/politics/trump-donations.html) from the original on April 15, 2025. Retrieved April 4, 2021.
111. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-112)**
Goldmacher, Shane (August 7, 2021). ["Trump's Repeating Donation Tactics Led to Millions in Refunds Into 2021"](https://www.nytimes.com/2021/08/07/us/politics/trump-recurring-donations.html). *The New York Times*. [ISSN](https://en.wikipedia.org/wiki/ISSN_\(identifier\) "ISSN (identifier)") [0362-4331](https://search.worldcat.org/issn/0362-4331). [Archived](https://web.archive.org/web/20250412162002/https://www.nytimes.com/2021/08/07/us/politics/trump-recurring-donations.html) from the original on April 12, 2025. Retrieved August 7, 2021.
112. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-113)**
Rissman, Kelly (September 11, 2022). ["Report: Federal Grand Jury Eyeing Trump's Save America PAC"](https://www.vanityfair.com/news/2022/09/report-federal-grand-jury-eyeing-trumps-save-america-pac). *Vanity Fair*. [Archived](https://web.archive.org/web/20250130113726/https://www.vanityfair.com/news/2022/09/report-federal-grand-jury-eyeing-trumps-save-america-pac) from the original on January 30, 2025. Retrieved April 24, 2025.
113. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-114)**
["Opinion \| How Much Can One Man Make From Being President?"](https://www.nytimes.com/interactive/2026/01/20/opinion/editorials/trump-wealth-crypto-graft.html). *The New York Times*. January 20, 2026. [ISSN](https://en.wikipedia.org/wiki/ISSN_\(identifier\) "ISSN (identifier)") [0362-4331](https://search.worldcat.org/issn/0362-4331). Retrieved February 13, 2026.
114. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-115)**
Baldor, Lolita (May 21, 2025). ["Defense Department Accepts Boeing 747 From Qatar For Trump's Use"](https://www.huffpost.com/entry/defense-department-accepts-boeing-747-from-qatar-for-trumps-use_n_682e2274e4b05544a320173c). *HuffPost*. Retrieved May 21, 2025.
115. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-116)**
Karl, Jonathan; Faulders, Katherine (May 11, 2025). ["Trump administration poised to accept 'palace in the sky' as a gift for Trump from Qatar: Sources"](https://abcnews.go.com/Politics/trump-administration-poised-accept-palace-sky-gift-trump/story?id=121680511). *ABC News*. Retrieved May 11, 2025.
116. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-WAPO_117-0)**
Bertrand, Alex Marquardt, Kristen Holmes, Natasha (May 19, 2025). ["Sources contradict Trump narrative about Qatar offering plane as 'gift' \| CNN Politics"](https://edition.cnn.com/2025/05/19/politics/trump-adminstration-approached-qatar-jet). *CNN*. Retrieved June 2, 2025.
`{{cite news}}`: CS1 maint: multiple names: authors list ([link](https://en.wikipedia.org/wiki/Category:CS1_maint:_multiple_names:_authors_list "Category:CS1 maint: multiple names: authors list"))
117. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-118)**
Bertrand, Natasha (June 5, 2025). ["Qatari jet that could be new Air Force One will 'probably' cost less than \$400 million to retrofit, Air Force Secretary says"](https://www.cnn.com/2025/06/05/politics/qatari-plane-air-force-one-cost). *CNN*. Retrieved June 9, 2025.
118. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-119)**
Skores, Alexandra (August 10, 2025). ["Trump says Qatari jet could be ready for use as Air Force One in 6 months. Experts are deeply skeptical"](https://www.cnn.com/2025/08/10/politics/qatar-jet-trump-air-force). *CNN*. Retrieved August 10, 2025.
119. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-120)**
Trump, Donald (September 29, 2025). ["Assuring the Security of the State of Qatar"](https://www.whitehouse.gov/presidential-actions/2025/09/assuring-the-security-of-the-state-of-qatar/). *The White House*. Retrieved October 2, 2025.
120. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-121)**
Date, S. V. (October 1, 2025). ["Trump Quietly Grants Defense Guarantee To Autocracy That Gave Him A Luxury Jet"](https://www.huffpost.com/entry/trump-qatar-defense-luxury-jet_n_68dda9fae4b0c450ba64f847). *HuffPost*. Retrieved October 2, 2025.
121. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-122)**
Rizzo, Lillian (October 10, 2025). ["Qatar Air Force facility to be built at USAF base in Idaho, Defense Secretary Hegseth says"](https://www.cnbc.com/amp/2025/10/10/us-qatar-air-force-idaho-hegseth-defense.html). *CNBC*. Retrieved October 10, 2025.
122. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-123)**
Margaritoff, Marco (October 11, 2025). ["Social Media Critics Slam Trump Admin For 'Continual Corrections' After Hegseth Blunder"](https://www.huffpost.com/entry/pete-hegseth-slammed-mixed-messages-qatar-air-force-deal_n_68eab01ce4b0603b42c6ac87). *HuffPost*. Retrieved October 12, 2025.
123. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-124)**
["Exclusive: US gets first \$500 million Venezuelan oil deal, holding some proceeds in Qatar"](http://web.archive.org/web/20260115170050/https://www.semafor.com/article/01/14/2026/us-gets-first-500-million-venezuelan-oil-deal-holding-some-proceeds-in-qatar). Archived from [the original](https://www.semafor.com/article/01/14/2026/us-gets-first-500-million-venezuelan-oil-deal-holding-some-proceeds-in-qatar) on January 15, 2026. Retrieved January 15, 2026.
124. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-125)**
Khan, Melina (June 16, 2025). ["Trump Organization launches Trump Mobile, a new cell service branded in president's name"](https://www.usatoday.com/story/money/2025/06/16/trump-mobile-cellphone-network/84225851007/). *USA Today*. Retrieved June 16, 2025.
125. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-126)**
Mazza, Ed (July 1, 2025). ["'How Is This Legal?': Critics Say Trump's Latest 'Grift' Literally Stinks"](https://www.huffpost.com/entry/trump-colognes-perfumes_n_68633564e4b0f166350cec14). *HuffPost*. Retrieved July 1, 2025.
126. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-127)**
Margaritoff, Marco (August 27, 2025). ["Trump's Latest Brag Has Critics Fuming: 'Imagine If Obama Tweeted This'"](https://www.huffpost.com/entry/trump-boasts-raising-15-billion-since-2024-election_n_68af0a6ae4b0481ccdf11b0e). *HuffPost*. Retrieved August 27, 2025.
127. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-128)**
Bendery, Jennifer (September 24, 2025). ["Democrats Send A Warning To Law Firms That Cut A Deal With Trump"](https://www.huffpost.com/entry/democrats-law-firms-caved-trump-investigations_n_68d431b1e4b0ca9d8816c3db). *HuffPost*. Retrieved September 25, 2025.
128. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-129)**
Bose, Nandita (November 16, 2025). ["Trump Buys At Least \$82 Million In Bonds Since Late August, Disclosures Show"](https://www.huffpost.com/entry/trump-buys-82-million-bonds-since-late-august-disclosures-show_n_69193565e4b0b43a45c0bb78). *HuffPost*. Retrieved November 16, 2025.
129. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-Forbes1982-_130-0)**
Source for years 1982–2000:
["Here's How Much Donald Trump Is Worth"](https://web.archive.org/web/20231110003952/https://www.forbes.com/sites/danalexander/article/the-definitive-networth-of-donaldtrump/). *[Forbes](https://en.wikipedia.org/wiki/Forbes "Forbes")*. October 3, 2023. Archived from [the original](https://www.forbes.com/sites/danalexander/article/the-definitive-networth-of-donaldtrump/) on November 10, 2023. Retrieved March 28, 2026.
Data is not available for 1990 through 1995 because Trump was not included in the [*Forbes* 400](https://en.wikipedia.org/wiki/Forbes_400 "Forbes 400") list.
130. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-Forbes2001-_131-0)**
Source for years 2001–2026:
["Here's How Much Donald Trump Is Worth"](https://www.forbes.com/sites/danalexander/article/the-definitive-networth-of-donaldtrump/). *[Forbes](https://en.wikipedia.org/wiki/Forbes "Forbes")*. March 25, 2026. [Archived](https://web.archive.org/web/20260325200507/https://www.forbes.com/sites/danalexander/article/the-definitive-networth-of-donaldtrump/) from the original on March 25, 2026.
131. ^ [***a***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-Melby19July_132-0) [***b***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-Melby19July_132-1) [***c***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-Melby19July_132-2) [***d***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-Melby19July_132-3)
Melby, Caleb (July 19, 2016). ["Trump Is Richer in Property and Deeper in Debt in New Valuation"](https://www.bloomberg.com/politics/articles/2016-07-19/trump-is-richer-in-property-and-deeper-in-debt-in-new-valuation). *Bloomberg Politics*. [Archived](https://web.archive.org/web/20250404003452/https://www.bloomberg.com/politics/articles/2016-07-19/trump-is-richer-in-property-and-deeper-in-debt-in-new-valuation) from the original on April 4, 2025. Retrieved April 23, 2025. "In the year that Donald Trump was transformed ... into the presumptive Republican nominee, the value of his golf courses and his namesake Manhattan tower soared ... His net worth rose to \$3 billion on the Bloomberg Billionaires Index ..."
132. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-133)**
Cassidy, John (May 17, 2016). ["Just How Rich Is Donald Trump?"](http://www.newyorker.com/news/john-cassidy/just-how-rich-is-donald-trump). *The New Yorker*. "The gap between...\[the two figures\] is largely attributable to differences in how the two publications appraised individual properties."
133. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-WP-20180420_134-0)**
Greenberg, Jonathan (April 20, 2018). ["Trump lied to me about his wealth to get onto the Forbes 400. Here are the tapes"](https://www.washingtonpost.com/outlook/trump-lied-to-me-about-his-wealth-to-get-onto-the-forbes-400-here-are-the-tapes/2018/04/20/ac762b08-4287-11e8-8569-26fda6b404c7_story.html). *The Washington Post*. Retrieved April 20, 2018.
134. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-CNN-20180420_135-0)**
Wolf, Byron (April 20, 2018). ["A new allegation says Trump lied about his wealth. Here's what we do know"](https://www.cnn.com/2018/04/20/politics/trump-john-barron-forbes-wealth/index.html). CNN. Retrieved April 20, 2018.
135. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-136)**
Dwyer, Jim (September 1, 2015). ["A Lesson in Sincerity, Trump Style"](https://www.nytimes.com/2015/09/02/nyregion/condemned-and-praised-by-trump.html). *The New York Times*. [ISSN](https://en.wikipedia.org/wiki/ISSN_\(identifier\) "ISSN (identifier)") [0362-4331](https://search.worldcat.org/issn/0362-4331). Retrieved August 12, 2019.
136. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-137)**
["Chess Team Bolstered After Visit by Trump"](https://www.nytimes.com/1997/04/23/nyregion/chess-team-bolstered-after-visit-by-trump.html). *The New York Times*. April 23, 1997. [ISSN](https://en.wikipedia.org/wiki/ISSN_\(identifier\) "ISSN (identifier)") [0362-4331](https://search.worldcat.org/issn/0362-4331). Retrieved August 12, 2019.
137. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-138)**
Belluck, Pam (April 11, 1997). ["Celebrity Visits Show What's Missing in City Schools"](https://www.nytimes.com/1997/04/11/nyregion/celebrity-visits-show-what-s-missing-in-city-schools.html). *The New York Times*. [ISSN](https://en.wikipedia.org/wiki/ISSN_\(identifier\) "ISSN (identifier)") [0362-4331](https://search.worldcat.org/issn/0362-4331). Retrieved August 12, 2019.
138. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-Geraghty25Feb_139-0)**
Geraghty, Jim (February 25, 2016). ["What if Trump Doesn't Have Billions?"](http://www.nationalreview.com/article/431915/donald-trump-worth-tax-returns-mitt-romney). *National Review*. Retrieved February 25, 2016.
139. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-140)**
Bradner, Eric (May 11, 2024). ["Trump could owe more than \$100 million in taxes as a result of IRS inquiry, report says"](https://www.cnn.com/2024/05/11/politics/donald-trump-taxes-irs-report/index.html). *CNN*. Retrieved May 11, 2024.
140. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-141)**
Haberman, Maggie. ["Donald Trump: The \$7 billion dollar man"](https://www.politico.com/story/2011/04/trump-the-7-billion-dollar-man-053498). *Politico*. Retrieved May 12, 2013.
141. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-Regnery2011_142-0)**
Trump, Donald J. (2011). [*Time to Get Tough: Making America \#1 Again*](https://en.wikipedia.org/wiki/Time_to_Get_Tough "Time to Get Tough"). [Regnery Publishing](https://en.wikipedia.org/wiki/Regnery_Publishing "Regnery Publishing"). [ISBN](https://en.wikipedia.org/wiki/ISBN_\(identifier\) "ISBN (identifier)")
[978-1-59698-773-9](https://en.wikipedia.org/wiki/Special:BookSources/978-1-59698-773-9 "Special:BookSources/978-1-59698-773-9")
.
142. ^ [***a***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-NPR17June_143-0) [***b***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-NPR17June_143-1)
Overby, Peter; Montanaro, Domenico (June 17, 2015). ["The Problem With Donald Trump's One-Page Summary on His Wealth"](https://www.npr.org/sections/itsallpolitics/2015/06/17/415003043/the-problem-with-donald-trumps-one-page-summary-on-his-wealth). NPR. Retrieved August 17, 2015.
143. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-144)**
Costa, Robert; Gold, Matea (June 15, 2015). ["Donald Trump will declare \$9 billion in assets as he reveals 2016 plans"](https://www.washingtonpost.com/politics/exclusive-trump-will-declare-9-billion-net-worth-as-he-reveals-2016-plans/2015/06/15/a00e74c0-137c-11e5-9ddc-e3353542100c_story.html). *The Washington Post*.
144. ^ [***a***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-Carlyle16June_145-0) [***b***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-Carlyle16June_145-1)
Carlyle, Erin (June 16, 2015). ["Trump Exaggerating His Net Worth (By 100%) In Presidential Bid"](https://www.forbes.com/sites/erincarlyle/2015/06/16/trump-exaggerating-his-net-worth-by-100-in-presidential-bid/). *Forbes*. Retrieved August 17, 2015.
145. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-146)**
Cohen, Michael (2020). *Disloyal: a memoir: the true story of the former personal attorney to President Donald Trump*. New York. p. 209. [ISBN](https://en.wikipedia.org/wiki/ISBN_\(identifier\) "ISBN (identifier)")
[978-1-5107-6469-9](https://en.wikipedia.org/wiki/Special:BookSources/978-1-5107-6469-9 "Special:BookSources/978-1-5107-6469-9")
. [OCLC](https://en.wikipedia.org/wiki/OCLC_\(identifier\) "OCLC (identifier)") [1192360554](https://search.worldcat.org/oclc/1192360554).
`{{cite book}}`: CS1 maint: location missing publisher ([link](https://en.wikipedia.org/wiki/Category:CS1_maint:_location_missing_publisher "Category:CS1 maint: location missing publisher"))
146. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-147)**
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207. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-208)**
["New York AG Files Civil Suit Against Donald Trump, 3 Of His Kids"](https://www.huffpost.com/entry/trump-lawsuit-new-york-letitia-james_n_632b2515e4b0cd3ec26403dc). *HuffPost*. September 21, 2022. Retrieved September 21, 2022.
208. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-209)**
Scannell, Kara; del Valle, Lauren (September 26, 2023). ["New York judge finds Donald Trump liable for fraud"](https://www.cnn.com/2023/09/26/politics/trump-organization-business-fraud/index.html). *CNN*. Retrieved September 27, 2023.
209. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-:86_210-0)**
Scannell, Kara; Herb, Jeremy (December 7, 2023). ["Trump attends New York civil fraud trial as accounting expert testifies for defense"](https://www.cnn.com/2023/12/07/politics/trump/index.html). *CNN*. Retrieved December 7, 2023.
210. ^ [***a***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-:8_211-0) [***b***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-:8_211-1)
Herb, Jeremy; del Valle, Lauren; Scannell, Kara (February 16, 2024). ["Key takeaways from the civil fraud trial ruling against Donald Trump"](https://edition.cnn.com/politics/live-news/trump-civil-fraud-trial-decision-02-16-24#h_4aa4874b82e8b95170c8e3ba3ee160cd). *CNN*. Retrieved February 17, 2024.
211. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-212)**
Durkee, Alison (January 12, 2024). ["Trump Fraud Trial Ends – Here Are The Punishments He Could Soon Face"](https://www.forbes.com/sites/alisondurkee/2024/01/12/trump-fraud-trial-ends-here-are-the-punishments-he-could-soon-face/). *Forbes*. Retrieved February 12, 2024.
212. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-213)**
Sisak, Michael R. (February 16, 2024). ["Donald Trump fraud verdict: \$364 million penalty in New York civil fraud case"](https://apnews.com/article/trump-civil-fraud-verdict-engoron-244024861f0df886543c157c9fc5b3e4). Associated Press. Retrieved February 16, 2024.
213. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-214)**
Scannell, Kara (February 23, 2024). ["Judge formally says Trump owes \$454 million in civil fraud case, countdown starts for him to put up the money for appeal"](https://www.cnn.com/2024/02/23/politics/trump-judgment-civil-fraud-ruling/index.html). *CNN*. Retrieved February 23, 2024.
214. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-215)**
Scannell, Kara; Herb, Jeremy (March 18, 2024). ["Trump is unable to make \$464 million bond in civil fraud case, his lawyers tell court"](https://www.cnn.com/2024/03/18/politics/trump-464-million-dollar-bond/index.html). *CNN*. Retrieved March 18, 2024.
215. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-216)**
Grenoble, Ryan (March 21, 2024). ["Trump's Lawyer Won't Deny If He's Asked Russia, Saudi Arabia For Bond Money"](https://www.huffpost.com/entry/trump-bond-money-russia-saudi-arabia_n_65fc6d1de4b01d7420ad28c4). *HuffPost*. Retrieved March 22, 2024.
216. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-217)**
Scannell, Kara; Herb, Jeremy (April 1, 2024). ["Trump posts \$175 million bond in New York civil fraud case"](https://www.cnn.com/2024/04/01/politics/trump-bond-civil-fraud-trial/index.html). *CNN*. Retrieved April 2, 2024.
217. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-218)**
Protess, Ben; Rashbaum, William K. (March 25, 2024). ["Trump's Bond in Civil Fraud Case Is Reduced to \$175 Million"](https://www.nytimes.com/2024/03/25/nyregion/trump-bond-reduced.html). *The New York Times*. [Archived](https://web.archive.org/web/20240329165536/https://www.nytimes.com/2024/03/25/nyregion/trump-bond-reduced.html) from the original on March 29, 2024.
218. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-219)**
Everson, Zach (April 2, 2024). ["Trump Posts \$175 Million Bond Thanks To Billionaire Don Hankey"](https://www.forbes.com/sites/zacheverson/2024/04/01/trump-posts-175-million-bond-new-york-civil-fraud-lawsuit/). *[Forbes](https://en.wikipedia.org/wiki/Forbes "Forbes")*. Retrieved April 2, 2024.
| [v](https://en.wikipedia.org/wiki/Template:Donald_Trump "Template:Donald Trump") [t](https://en.wikipedia.org/wiki/Template_talk:Donald_Trump "Template talk:Donald Trump") [e](https://en.wikipedia.org/wiki/Special:EditPage/Template:Donald_Trump "Special:EditPage/Template:Donald Trump")[Donald Trump](https://en.wikipedia.org/wiki/Donald_Trump "Donald Trump") | |
|---|---|
| [45th](https://en.wikipedia.org/wiki/First_presidency_of_Donald_Trump "First presidency of Donald Trump") (2017–2021) and [47th](https://en.wikipedia.org/wiki/Second_presidency_of_Donald_Trump "Second presidency of Donald Trump") (2025–present) [president of the United States](https://en.wikipedia.org/wiki/President_of_the_United_States "President of the United States") | |
| Life and politics | |
| | |
| [Early life and education](https://en.wikipedia.org/wiki/Early_life_and_education_of_Donald_Trump "Early life and education of Donald Trump") [Board of Peace](https://en.wikipedia.org/wiki/Board_of_Peace "Board of Peace") [Shield of the Americas](https://en.wikipedia.org/wiki/Shield_of_the_Americas "Shield of the Americas") ([United States Special Envoy for The Shield of the Americas](https://en.wikipedia.org/wiki/United_States_Special_Envoy_for_The_Shield_of_the_Americas "United States Special Envoy for The Shield of the Americas")) [Media career](https://en.wikipedia.org/wiki/Media_career_of_Donald_Trump "Media career of Donald Trump") *[The Apprentice](https://en.wikipedia.org/wiki/The_Apprentice_\(American_TV_series\) "The Apprentice (American TV series)")* [American football](https://en.wikipedia.org/wiki/Donald_Trump_and_American_football "Donald Trump and American football") [Golf](https://en.wikipedia.org/wiki/Donald_Trump_and_golf "Donald Trump and golf") [Honors and awards](https://en.wikipedia.org/wiki/List_of_awards_and_honors_received_by_Donald_Trump "List of awards and honors received by Donald Trump") [Makeup](https://en.wikipedia.org/wiki/Makeup_of_Donald_Trump "Makeup of Donald Trump") [Political positions](https://en.wikipedia.org/wiki/Political_positions_of_Donald_Trump "Political positions of Donald Trump") [Trumpism](https://en.wikipedia.org/wiki/Trumpism "Trumpism") [Relationship to fascism](https://en.wikipedia.org/wiki/Donald_Trump_and_fascism "Donald Trump and fascism") [Relationship to antisemitism](https://en.wikipedia.org/wiki/Donald_Trump_and_antisemitism "Donald Trump and antisemitism") [Rhetoric](https://en.wikipedia.org/wiki/Rhetoric_of_Donald_Trump "Rhetoric of Donald Trump") [Political endorsements](https://en.wikipedia.org/wiki/List_of_political_endorsements_by_Donald_Trump "List of political endorsements by Donald Trump") [False or misleading statements](https://en.wikipedia.org/wiki/False_or_misleading_statements_by_Donald_Trump "False or misleading statements by Donald Trump") [first term](https://en.wikipedia.org/wiki/False_or_misleading_statements_by_Donald_Trump_\(first_term\) "False or misleading statements by Donald Trump (first term)") [between terms](https://en.wikipedia.org/wiki/False_or_misleading_statements_by_Donald_Trump_\(between_terms\) "False or misleading statements by Donald Trump (between terms)") [second term](https://en.wikipedia.org/wiki/False_or_misleading_statements_by_Donald_Trump_\(second_term\) "False or misleading statements by Donald Trump (second term)") [promotion of conspiracy theories](https://en.wikipedia.org/wiki/List_of_conspiracy_theories_promoted_by_Donald_Trump "List of conspiracy theories promoted by Donald Trump") [Protests](https://en.wikipedia.org/wiki/Protests_against_Donald_Trump "Protests against Donald Trump") [timeline](https://en.wikipedia.org/wiki/Timeline_of_protests_against_Donald_Trump "Timeline of protests against Donald Trump") [Racial views](https://en.wikipedia.org/wiki/Racial_views_of_Donald_Trump "Racial views of Donald Trump") [Age and health concerns](https://en.wikipedia.org/wiki/Age_and_health_concerns_about_Donald_Trump "Age and health concerns about Donald Trump") [Religion](https://en.wikipedia.org/wiki/Donald_Trump_and_religion "Donald Trump and religion") | |
| [Business career](https://en.wikipedia.org/wiki/Business_career_of_Donald_Trump "Business career of Donald Trump") | [The Trump Organization](https://en.wikipedia.org/wiki/The_Trump_Organization "The Trump Organization") [legal affairs](https://en.wikipedia.org/wiki/Personal_and_business_legal_affairs_of_Donald_Trump "Personal and business legal affairs of Donald Trump") [business projects in Russia](https://en.wikipedia.org/wiki/Business_projects_of_Donald_Trump_in_Russia "Business projects of Donald Trump in Russia") [wealth]() [tax returns](https://en.wikipedia.org/wiki/Tax_returns_of_Donald_Trump "Tax returns of Donald Trump") [Trump Media & Technology Group](https://en.wikipedia.org/wiki/Trump_Media_%26_Technology_Group "Trump Media & Technology Group") |
| [Security incidents](https://en.wikipedia.org/wiki/Security_incidents_involving_Donald_Trump "Security incidents involving Donald Trump") | [2016 Las Vegas incident](https://en.wikipedia.org/wiki/2016_Donald_Trump_Las_Vegas_rally_incident "2016 Donald Trump Las Vegas rally incident") [July 2024 assassination attempt](https://en.wikipedia.org/wiki/Attempted_assassination_of_Donald_Trump_in_Pennsylvania "Attempted assassination of Donald Trump in Pennsylvania") [raised-fist photographs](https://en.wikipedia.org/wiki/Donald_Trump_raised-fist_photographs "Donald Trump raised-fist photographs") [perpetrator](https://en.wikipedia.org/wiki/Thomas_Crooks "Thomas Crooks") [September 2024 assassination attempt](https://en.wikipedia.org/wiki/Attempted_assassination_of_Donald_Trump_in_Florida "Attempted assassination of Donald Trump in Florida") [perpetrator](https://en.wikipedia.org/wiki/Ryan_Routh "Ryan Routh") |
| [Family](https://en.wikipedia.org/wiki/Trump_family "Trump family") | |
| | |
| Children | [Donald Trump Jr.](https://en.wikipedia.org/wiki/Donald_Trump_Jr. "Donald Trump Jr.") [Ivanka Trump](https://en.wikipedia.org/wiki/Ivanka_Trump "Ivanka Trump") [Eric Trump](https://en.wikipedia.org/wiki/Eric_Trump "Eric Trump") [Tiffany Trump](https://en.wikipedia.org/wiki/Tiffany_Trump "Tiffany Trump") [Barron Trump](https://en.wikipedia.org/wiki/Barron_Trump "Barron Trump") |
| [Melania Trump](https://en.wikipedia.org/wiki/Melania_Trump "Melania Trump") (wife) [Fred Trump](https://en.wikipedia.org/wiki/Fred_Trump "Fred Trump") (father) [Mary Anne MacLeod Trump](https://en.wikipedia.org/wiki/Mary_Anne_MacLeod_Trump "Mary Anne MacLeod Trump") (mother) [Maryanne Trump Barry](https://en.wikipedia.org/wiki/Maryanne_Trump_Barry "Maryanne Trump Barry") (sister) [Fred Trump Jr.](https://en.wikipedia.org/wiki/Fred_Trump_Jr. "Fred Trump Jr.") (brother) [Robert Trump](https://en.wikipedia.org/wiki/Robert_Trump "Robert Trump") (brother) [Frederick Trump](https://en.wikipedia.org/wiki/Frederick_Trump "Frederick Trump") (grandfather) [Elizabeth Christ Trump](https://en.wikipedia.org/wiki/Elizabeth_Christ_Trump "Elizabeth Christ Trump") (grandmother) [John G. Trump](https://en.wikipedia.org/wiki/John_G._Trump "John G. Trump") (uncle) [Mary L. Trump](https://en.wikipedia.org/wiki/Mary_L._Trump "Mary L. Trump") (niece) [Fred Trump III](https://en.wikipedia.org/wiki/Fred_Trump_III "Fred Trump III") (nephew) [John W. Walter](https://en.wikipedia.org/wiki/John_W._Walter "John W. Walter") (cousin) | |
| Campaigns | |
| | |
| [2000 presidential campaign](https://en.wikipedia.org/wiki/Donald_Trump_2000_presidential_campaign "Donald Trump 2000 presidential campaign") "[Make America Great Again](https://en.wikipedia.org/wiki/Make_America_Great_Again "Make America Great Again")" [hat](https://en.wikipedia.org/wiki/Make_America_Great_Again#MAGA_hat "Make America Great Again") [Republican opposition](https://en.wikipedia.org/wiki/Republican_Accountability "Republican Accountability") [Never Trump movement](https://en.wikipedia.org/wiki/Never_Trump_movement "Never Trump movement") [2016](https://en.wikipedia.org/wiki/List_of_Republicans_who_opposed_the_Donald_Trump_2016_presidential_campaign "List of Republicans who opposed the Donald Trump 2016 presidential campaign") [Mitt Romney speech](https://en.wikipedia.org/wiki/Mitt_Romney%27s_2016_anti-Trump_speech "Mitt Romney's 2016 anti-Trump speech") [2020](https://en.wikipedia.org/wiki/List_of_Republicans_who_opposed_the_Donald_Trump_2020_presidential_campaign "List of Republicans who opposed the Donald Trump 2020 presidential campaign") [2024](https://en.wikipedia.org/wiki/List_of_Republicans_who_opposed_the_Donald_Trump_2024_presidential_campaign "List of Republicans who opposed the Donald Trump 2024 presidential campaign") [*Access Hollywood* recording](https://en.wikipedia.org/wiki/Donald_Trump_Access_Hollywood_tape "Donald Trump Access Hollywood tape") "[Kamala is for they/them](https://en.wikipedia.org/wiki/Kamala_is_for_they/them "Kamala is for they/them")" (attack ad) [Trump Bible](https://en.wikipedia.org/wiki/God_Bless_the_U.S.A._Bible "God Bless the U.S.A. Bible") "[God Bless the U.S.A.](https://en.wikipedia.org/wiki/God_Bless_the_U.S.A. "God Bless the U.S.A.")" (campaign song) "[Y.M.C.A.](https://en.wikipedia.org/wiki/Y.M.C.A._\(song\) "Y.M.C.A. (song)")" (campaign song) | |
| [2016](https://en.wikipedia.org/wiki/Donald_Trump_2016_presidential_campaign "Donald Trump 2016 presidential campaign") | [Announcement](https://en.wikipedia.org/wiki/Donald_Trump_2016_presidential_campaign#Announcement "Donald Trump 2016 presidential campaign") [Rallies](https://en.wikipedia.org/wiki/List_of_rallies_for_the_2016_Donald_Trump_presidential_campaign "List of rallies for the 2016 Donald Trump presidential campaign") [Links between campaign officials and Russian government officials](https://en.wikipedia.org/wiki/Links_between_Trump_associates_and_Russian_officials "Links between Trump associates and Russian officials") [Crossfire Hurricane](https://en.wikipedia.org/wiki/Crossfire_Hurricane_\(FBI_investigation\) "Crossfire Hurricane (FBI investigation)") [Republican primaries](https://en.wikipedia.org/wiki/2016_Republican_Party_presidential_primaries "2016 Republican Party presidential primaries") [debates](https://en.wikipedia.org/wiki/2016_Republican_Party_presidential_debates_and_forums "2016 Republican Party presidential debates and forums") [running mate selection](https://en.wikipedia.org/wiki/2016_Republican_Party_vice_presidential_candidate_selection "2016 Republican Party vice presidential candidate selection") [convention](https://en.wikipedia.org/wiki/2016_Republican_National_Convention "2016 Republican National Convention") [General election](https://en.wikipedia.org/wiki/2016_United_States_presidential_election "2016 United States presidential election") [endorsements](https://en.wikipedia.org/wiki/List_of_Donald_Trump_2016_presidential_campaign_endorsements "List of Donald Trump 2016 presidential campaign endorsements") [debates](https://en.wikipedia.org/wiki/2016_United_States_presidential_debates "2016 United States presidential debates") [reactions](https://en.wikipedia.org/wiki/International_reactions_to_the_2016_United_States_presidential_election "International reactions to the 2016 United States presidential election") [transition](https://en.wikipedia.org/wiki/First_presidential_transition_of_Donald_Trump "First presidential transition of Donald Trump") |
| [2020](https://en.wikipedia.org/wiki/Donald_Trump_2020_presidential_campaign "Donald Trump 2020 presidential campaign") | [Rallies](https://en.wikipedia.org/wiki/List_of_Donald_Trump_rallies_\(December_2016%E2%80%932022\)#2020_presidential_campaign "List of Donald Trump rallies (December 2016–2022)") [Tulsa rally](https://en.wikipedia.org/wiki/2020_Tulsa_Trump_rally "2020 Tulsa Trump rally") [Republican primaries](https://en.wikipedia.org/wiki/2020_Republican_Party_presidential_primaries "2020 Republican Party presidential primaries") [convention](https://en.wikipedia.org/wiki/2020_Republican_National_Convention "2020 Republican National Convention") [General election](https://en.wikipedia.org/wiki/2020_United_States_presidential_election "2020 United States presidential election") [political endorsements](https://en.wikipedia.org/wiki/List_of_Donald_Trump_2020_presidential_campaign_political_endorsements "List of Donald Trump 2020 presidential campaign political endorsements") [non-political endorsements](https://en.wikipedia.org/wiki/List_of_Donald_Trump_2020_presidential_campaign_non-political_endorsements "List of Donald Trump 2020 presidential campaign non-political endorsements") [debates](https://en.wikipedia.org/wiki/2020_United_States_presidential_debates "2020 United States presidential debates") [attempts to overturn](https://en.wikipedia.org/wiki/Attempts_to_overturn_the_2020_United_States_presidential_election "Attempts to overturn the 2020 United States presidential election") [fake electors plot](https://en.wikipedia.org/wiki/Trump_fake_electors_plot "Trump fake electors plot") [Chesebro memos](https://en.wikipedia.org/wiki/Kenneth_Chesebro#Legal_work "Kenneth Chesebro") [Eastman memos](https://en.wikipedia.org/wiki/Eastman_memos "Eastman memos") [lawsuits](https://en.wikipedia.org/wiki/Post-election_lawsuits_related_to_the_2020_U.S._presidential_election "Post-election lawsuits related to the 2020 U.S. presidential election") *[Texas v. Pennsylvania](https://en.wikipedia.org/wiki/Texas_v._Pennsylvania "Texas v. Pennsylvania")* [Jeffrey Clark letter](https://en.wikipedia.org/wiki/Jeffrey_Clark_letter "Jeffrey Clark letter") [Republican reactions to Trump's election fraud claims](https://en.wikipedia.org/wiki/Republican_reactions_to_Donald_Trump%27s_claims_of_2020_election_fraud "Republican reactions to Donald Trump's claims of 2020 election fraud") [Biden transition](https://en.wikipedia.org/wiki/Presidential_transition_of_Joe_Biden "Presidential transition of Joe Biden") |
| [2024](https://en.wikipedia.org/wiki/Donald_Trump_2024_presidential_campaign "Donald Trump 2024 presidential campaign") | [Announcement](https://en.wikipedia.org/wiki/Donald_Trump_2024_presidential_campaign#Announcement "Donald Trump 2024 presidential campaign") [Rallies](https://en.wikipedia.org/wiki/List_of_rallies_for_the_2024_Donald_Trump_presidential_campaign "List of rallies for the 2024 Donald Trump presidential campaign") [Republican primaries](https://en.wikipedia.org/wiki/2024_Republican_Party_presidential_primaries "2024 Republican Party presidential primaries") [debates](https://en.wikipedia.org/wiki/2024_Republican_Party_presidential_debates_and_forums "2024 Republican Party presidential debates and forums") [running mate selection](https://en.wikipedia.org/wiki/2024_Republican_Party_vice_presidential_candidate_selection "2024 Republican Party vice presidential candidate selection") [convention](https://en.wikipedia.org/wiki/2024_Republican_National_Convention "2024 Republican National Convention") [General election](https://en.wikipedia.org/wiki/2024_United_States_presidential_election "2024 United States presidential election") [eligibility](https://en.wikipedia.org/wiki/Presidential_eligibility_of_Donald_Trump "Presidential eligibility of Donald Trump") [endorsements](https://en.wikipedia.org/wiki/List_of_Donald_Trump_2024_presidential_campaign_endorsements "List of Donald Trump 2024 presidential campaign endorsements") [debates](https://en.wikipedia.org/wiki/2024_United_States_presidential_debates "2024 United States presidential debates") [transition](https://en.wikipedia.org/wiki/Second_presidential_transition_of_Donald_Trump "Second presidential transition of Donald Trump") |
| Legal affairs | [FBI investigation into handling of government documents](https://en.wikipedia.org/wiki/FBI_investigation_into_Donald_Trump%27s_handling_of_government_documents "FBI investigation into Donald Trump's handling of government documents") [FBI search of Mar-a-Lago](https://en.wikipedia.org/wiki/FBI_search_of_Mar-a-Lago "FBI search of Mar-a-Lago") [Gulf of Mexico naming controversy](https://en.wikipedia.org/wiki/Gulf_of_Mexico_naming_controversy "Gulf of Mexico naming controversy") [New York investigations of the Trump Organization](https://en.wikipedia.org/wiki/New_York_investigations_of_the_Trump_Organization "New York investigations of the Trump Organization") [Stormy Daniels scandal](https://en.wikipedia.org/wiki/Stormy_Daniels%E2%80%93Donald_Trump_scandal "Stormy Daniels–Donald Trump scandal") [civil](https://en.wikipedia.org/wiki/New_York_business_fraud_lawsuit_against_the_Trump_Organization "New York business fraud lawsuit against the Trump Organization") [criminal](https://en.wikipedia.org/wiki/New_York_investigations_of_the_Trump_Organization#Criminal_investigation "New York investigations of the Trump Organization") *[Carroll v. Trump](https://en.wikipedia.org/wiki/E._Jean_Carroll_v._Donald_J._Trump "E. Jean Carroll v. Donald J. Trump")* [*Trump v. United States* (2022)](https://en.wikipedia.org/wiki/Trump_v._United_States_\(2022\) "Trump v. United States (2022)") [Sexual misconduct allegations](https://en.wikipedia.org/wiki/Donald_Trump_sexual_misconduct_allegations "Donald Trump sexual misconduct allegations") [Epstein ties](https://en.wikipedia.org/wiki/Relationship_of_Donald_Trump_and_Jeffrey_Epstein "Relationship of Donald Trump and Jeffrey Epstein") State prosecutions [Georgia](https://en.wikipedia.org/wiki/Georgia_election_racketeering_prosecution "Georgia election racketeering prosecution") [New York](https://en.wikipedia.org/wiki/Prosecution_of_Donald_Trump_in_New_York "Prosecution of Donald Trump in New York") [Smith special counsel investigation](https://en.wikipedia.org/wiki/Smith_special_counsel_investigation "Smith special counsel investigation") Federal prosecution [classified documents case](https://en.wikipedia.org/wiki/Federal_prosecution_of_Donald_Trump_\(classified_documents_case\) "Federal prosecution of Donald Trump (classified documents case)") [election obstruction case](https://en.wikipedia.org/wiki/Federal_prosecution_of_Donald_Trump_\(election_obstruction_case\) "Federal prosecution of Donald Trump (election obstruction case)") [Trump mug shot](https://en.wikipedia.org/wiki/Mug_shot_of_Donald_Trump "Mug shot of Donald Trump") *[Trump v. United States](https://en.wikipedia.org/wiki/Trump_v._United_States "Trump v. United States")* |
| Related | [Foundation](https://en.wikipedia.org/wiki/Donald_J._Trump_Foundation "Donald J. Trump Foundation") [Presidential library](https://en.wikipedia.org/wiki/Donald_J._Trump_Presidential_Library "Donald J. Trump Presidential Library") [In popular culture](https://en.wikipedia.org/wiki/Donald_Trump_in_popular_culture "Donald Trump in popular culture") "[Best Sex I've Ever Had](https://en.wikipedia.org/wiki/Best_Sex_I%27ve_Ever_Had "Best Sex I've Ever Had")" [Trump dance](https://en.wikipedia.org/wiki/Trump_dance "Trump dance") [filmography](https://en.wikipedia.org/wiki/Donald_Trump_filmography "Donald Trump filmography") [in music](https://en.wikipedia.org/wiki/Donald_Trump_in_music "Donald Trump in music") [*SNL* parodies](https://en.wikipedia.org/wiki/Saturday_Night_Live_parodies_of_Donald_Trump "Saturday Night Live parodies of Donald Trump") [Residences](https://en.wikipedia.org/wiki/Residences_of_Donald_Trump "Residences of Donald Trump") [85-15 Wareham Place](https://en.wikipedia.org/wiki/Residences_of_Donald_Trump#Queens "Residences of Donald Trump") [Trump Tower](https://en.wikipedia.org/wiki/Trump_Tower "Trump Tower") [penthouse apartment](https://en.wikipedia.org/wiki/Trump_Tower_penthouse_of_Donald_Trump "Trump Tower penthouse of Donald Trump") [Bedminster](https://en.wikipedia.org/wiki/Trump_National_Golf_Club_Bedminster "Trump National Golf Club Bedminster") [Mar-a-Lago](https://en.wikipedia.org/wiki/Mar-a-Lago "Mar-a-Lago") *[The Visionary](https://en.wikipedia.org/wiki/The_Visionary "The Visionary")* [Colorado State Capitol portrait](https://en.wikipedia.org/wiki/Colorado_State_Capitol_portrait_of_Donald_Trump "Colorado State Capitol portrait of Donald Trump") Social media [media use](https://en.wikipedia.org/wiki/Social_media_use_by_Donald_Trump "Social media use by Donald Trump") [conflict](https://en.wikipedia.org/wiki/Donald_Trump%27s_conflict_with_the_media "Donald Trump's conflict with the media") [Feud with Elon Musk](https://en.wikipedia.org/wiki/Trump%E2%80%93Musk_feud "Trump–Musk feud") [Twitter](https://en.wikipedia.org/wiki/Twitter_use_by_Donald_Trump "Twitter use by Donald Trump") [wiretapping allegations](https://en.wikipedia.org/wiki/Trump_Tower_wiretapping_allegations "Trump Tower wiretapping allegations") *[Real News Update](https://en.wikipedia.org/wiki/Real_News_Update "Real News Update")* *[covfefe](https://en.wikipedia.org/wiki/Covfefe "Covfefe")* [Donald J. Trump State Park](https://en.wikipedia.org/wiki/Donald_J._Trump_State_Park "Donald J. Trump State Park") [Nicknames used](https://en.wikipedia.org/wiki/List_of_nicknames_used_by_Donald_Trump "List of nicknames used by Donald Trump") [Trump Force One](https://en.wikipedia.org/wiki/Trump_Force_One "Trump Force One") [Trump derangement syndrome](https://en.wikipedia.org/wiki/Trump_derangement_syndrome "Trump derangement syndrome") [Fort Trump](https://en.wikipedia.org/wiki/Fort_Trump "Fort Trump") [Official portraits](https://en.wikipedia.org/wiki/Official_portraits_of_Donald_Trump "Official portraits of Donald Trump") Support groups [Bikers for Trump](https://en.wikipedia.org/wiki/Bikers_for_Trump "Bikers for Trump") [Blacks for Trump](https://en.wikipedia.org/wiki/Michael_the_Black_Man "Michael the Black Man") [Black Voices for Trump](https://en.wikipedia.org/wiki/Black_Voices_for_Trump "Black Voices for Trump") [Gays for Trump](https://en.wikipedia.org/wiki/Gays_for_Trump "Gays for Trump") [Trumpettes USA](https://en.wikipedia.org/wiki/Trumpettes_USA "Trumpettes USA") [Women for Trump](https://en.wikipedia.org/wiki/Women_for_Trump "Women for Trump") [Pseudonyms](https://en.wikipedia.org/wiki/Pseudonyms_used_by_Donald_Trump "Pseudonyms used by Donald Trump") [Wikipedia coverage](https://en.wikipedia.org/wiki/Wikipedia_coverage_of_Donald_Trump "Wikipedia coverage of Donald Trump") |
| **[← Barack Obama](https://en.wikipedia.org/wiki/Barack_Obama "Barack Obama")** **[← Joe Biden →](https://en.wikipedia.org/wiki/Joe_Biden "Joe Biden")**  [Category](https://en.wikipedia.org/wiki/Category:Donald_Trump "Category:Donald Trump") | |

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Wealth of Donald Trump
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| Readable Markdown | The [net worth](https://en.wikipedia.org/wiki/Net_worth "Net worth") of [Donald Trump](https://en.wikipedia.org/wiki/Donald_Trump "Donald Trump"), the 45th and 47th [president of the United States](https://en.wikipedia.org/wiki/President_of_the_United_States "President of the United States"), is not publicly known. For decades, *[Forbes](https://en.wikipedia.org/wiki/Forbes "Forbes")* has assessed his wealth, currently estimating it at \$6.5 billion as of February 2026.[\[1\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-1)[\[2\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:9-2) Meanwhile, [Bloomberg](https://en.wikipedia.org/wiki/Bloomberg_L.P. "Bloomberg L.P.") estimated his wealth at \$7.08 billion in January 2025.[\[3\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-bloomberg-3) After the early 2025 launch of [\$Trump](https://en.wikipedia.org/wiki/$Trump "$Trump"), Trump's own [cryptocurrency](https://en.wikipedia.org/wiki/Cryptocurrency "Cryptocurrency"), [*Axios*](https://en.wikipedia.org/wiki/Axios_\(website\) "Axios (website)") temporarily estimated his net worth to be \$58 billion.[\[4\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-4)
He received gifts, loans, and inheritance from his father, [Fred Trump](https://en.wikipedia.org/wiki/Fred_Trump "Fred Trump"), who was a [real-estate developer](https://en.wikipedia.org/wiki/Real-estate_developer "Real-estate developer") and businessman. [Donald Trump's primary business](https://en.wikipedia.org/wiki/Business_career_of_Donald_Trump "Business career of Donald Trump") has been real estate ventures, including hotels, casinos, and golf courses. He also made money from Trump-branded products including [neckties](https://en.wikipedia.org/wiki/Necktie "Necktie"), [steaks](https://en.wikipedia.org/wiki/Trump_Steaks "Trump Steaks"), and [urine tests](https://en.wikipedia.org/wiki/Urine_test "Urine test").[\[5\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-5) Money received through political fundraisers is used to pay for guest stays at properties owned by [the Trump Organization](https://en.wikipedia.org/wiki/The_Trump_Organization "The Trump Organization") and to pay his and his allies' lawyers.[\[6\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:3-6)[\[7\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:4-7)[\[8\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:5-8)[\[9\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:6-9)
During his second presidency, Trump has enriched himself considerably, including through foreign business deals.[\[10\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:12-10)[\[11\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-11) On his conflicts of interest and business dealings while in office, Trump said, "I found out that nobody cared, and I’m allowed to."[\[10\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:12-10)[\[12\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-12)
Gifts, loans, and other wealth from his father
Drawing upon more than 100,000 pages of tax returns and financial records from [Fred Trump](https://en.wikipedia.org/wiki/Fred_Trump "Fred Trump")'s businesses and interviews with former advisers and employees, [the *New York Times*](https://en.wikipedia.org/wiki/The_New_York_Times "The New York Times") found 295 distinct streams of revenue that Fred Trump created over five decades in order to channel his wealth to his son.[\[13\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-takeaways-13)[\[14\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Tax_Schemes-14)
In a 2007 sworn deposition, he acknowledged borrowing \$9.6 million from his father's estate, and on the presidential campaign trail in 2015, he admitted to borrowing \$1 million from his father as a young adult.[\[15\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Massie5Nov-15)[\[16\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-small-loan-16)
Trust funds
Trump is the beneficiary of several [trust funds](https://en.wikipedia.org/wiki/Trust_\(law\) "Trust (law)") set up by his father and paternal grandmother, which began in 1949 when he was three.[\[17\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Kessler160303-17) According to *The New York Times*, he "was a millionaire by age 8."[\[13\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-takeaways-13)[\[14\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Tax_Schemes-14) In 1976, Fred Trump set up trust funds of \$1 million (\$5.7 million in 2025 dollars) for each of his five children and three grandchildren. Donald Trump received \$90,000 in 1980 and \$214,605 in 1981 through the fund.[\[17\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Kessler160303-17)
Tax fraud
For four years, Fred Trump held shares in the [*Trump Palace* condos](https://en.wikipedia.org/wiki/Trump_Palace_Condominiums "Trump Palace Condominiums"), and in 1991, he sold them to his son well below their purchase price, masking what could be considered a hidden donation and giving him the benefit of a [tax write-off](https://en.wikipedia.org/wiki/Tax_write-off "Tax write-off").[\[14\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Tax_Schemes-14)[\[18\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Buettner2-18) Fred Trump died in 1999. In 2018, when the matter came to light, the [New York State](https://en.wikipedia.org/wiki/New_York_\(state\) "New York (state)") tax department[\[19\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-19) and [New York City](https://en.wikipedia.org/wiki/New_York_City "New York City") officials[\[20\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-20) said they would investigate.
The court found that Donald Trump had for years committed [fraud](https://en.wikipedia.org/wiki/Fraud "Fraud") against banks, insurers, and others by exaggerating his net worth and significantly overvaluing assets in documents used to make deals and secure financing. The fraud included two of his residences: his [apartment in Trump Tower](https://en.wikipedia.org/wiki/Trump_Tower_penthouse_of_Donald_Trump "Trump Tower penthouse of Donald Trump") (the statements claimed it was roughly triple its true size and value)[\[21\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:19-21)[\[22\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:25-22) and [Mar-a-Lago](https://en.wikipedia.org/wiki/Mar-a-Lago "Mar-a-Lago") (the statements inflated its value by approximately 22 times).[\[23\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-egan-23)[\[24\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-24)[\[a\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-mar-28) In 2024, Trump was found liable for \$355 million in [disgorgement](https://en.wikipedia.org/wiki/Disgorgement "Disgorgement")[\[28\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-29) and roughly \$100 million in [interest](https://en.wikipedia.org/wiki/Interest "Interest").[\[29\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Scannell-30) His oldest two sons ([Donald Trump Jr.](https://en.wikipedia.org/wiki/Donald_Trump_Jr. "Donald Trump Jr.") and [Eric Trump](https://en.wikipedia.org/wiki/Eric_Trump "Eric Trump")) were ordered to pay \$4 million each, while [Allen Weisselberg](https://en.wikipedia.org/wiki/Allen_Weisselberg "Allen Weisselberg") was ordered to pay \$1 million.[\[30\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Aratani-31) After the decision, interest continued to accrue. As Donald Trump did not pay the judgment while he appealed the decision, by the end of 2024, the total he owed had increased to over \$500 million.[\[31\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-CBS2025Jan16-32)
Inheritance
In 1993, when Trump took two loans totaling \$30 million from his siblings, their anticipated shares of Fred's estate amounted to \$35 million each.[\[32\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-OBrien2005Oct-33)[\[17\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Kessler160303-17) Upon Fred Trump's death in 1999, his will divided \$20 million (after taxes) among his surviving children.[\[17\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Kessler160303-17)[\[33\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Rozhon26June-34)[\[34\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-For_Donald_Trump,_Lessons_From_a_Brother's_Suffering-35)
Pre-presidency
Lawsuits
From the 1970s until he was elected president in 2016, [Donald Trump](https://en.wikipedia.org/wiki/Donald_Trump "Donald Trump") and his businesses were involved in over 4,000 legal cases in [U.S. federal](https://en.wikipedia.org/wiki/United_States_federal_courts "United States federal courts") and [state courts](https://en.wikipedia.org/wiki/State_court_\(United_States\) "State court (United States)"), including battles with casino patrons, million-dollar real estate lawsuits, personal [defamation](https://en.wikipedia.org/wiki/Defamation "Defamation") lawsuits, and over 100 business tax disputes.[\[35\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-36) At least 25 women accused him[\[36\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-BI-25-37) of [sexual harassment or sexual assault](https://en.wikipedia.org/wiki/Donald_Trump_sexual_misconduct_allegations "Donald Trump sexual misconduct allegations").[\[37\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-38)[\[38\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-39)
Real estate
In 2015, in [Manhattan](https://en.wikipedia.org/wiki/Manhattan "Manhattan"), [Trump's name was displayed on 17 buildings](https://en.wikipedia.org/wiki/List_of_things_named_after_Donald_Trump "List of things named after Donald Trump"), plus [Wollman Rink](https://en.wikipedia.org/wiki/Wollman_Rink "Wollman Rink"), and, in the [Bronx](https://en.wikipedia.org/wiki/The_Bronx "The Bronx"), his name was on the Trump Golf Links golf course. Where his name appears on a building, it does not necessarily mean he owns the building; it represents his ownership of a unit within the building, a licensing agreement or condition of sale, or property management by the Trump Organization.[\[39\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-40)
*The Apprentice*
From his television show *[The Apprentice](https://en.wikipedia.org/wiki/The_Apprentice_\(American_TV_series\) "The Apprentice (American TV series)")* and related licensing and endorsements, Trump received \$427.4 million from the show's beginning in 2004 through 2018.
Due largely to income received from the show, he paid a combined \$70.1 million in federal taxes in 2005, 2006, and 2007. He paid no taxes in 2008. When he filed taxes in 2009, he declared over \$700 million in business losses and, on that basis, he asked for a refund of his federal income taxes paid in 2005–2007. He was eventually refunded the \$70.1 million plus over \$2.7 million in interest. As of 2020, [auditors](https://en.wikipedia.org/wiki/Income_tax_audit "Income tax audit") were still considering the matter. If he is asked to return that federal refund, then, considering added interest and penalties, he may owe over \$100 million to the federal government.
The *New York Times* said: "He also received \$21.2 million in state and local refunds, which often piggyback on federal filings," and he may be obligated to return those refunds, too.[\[40\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Buettner-41)
Foundation
Trump formed his charitable foundation in 1988. In the first decade of the 2000s, he gave away \$2.8 million through the foundation (though he had pledged three times that amount). He stopped personally contributing to the foundation in 2008, though he accepted donations from others.[\[41\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-42) In 2018, the foundation agreed to shut down. It was facing a [civil lawsuit by the New York attorney general](https://en.wikipedia.org/wiki/New_York_civil_investigation_of_The_Trump_Organization "New York civil investigation of The Trump Organization") (AG) that alleged "persistently illegal conduct" including self-dealing and funneling campaign contributions. Furthermore, it had never been properly certified in New York and did not submit to the annual audit that would have been required.[\[42\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-43) In November 2019, Trump was ordered to pay a \$2 million settlement for misusing the foundation for his business and political purposes.[\[43\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-auto-44)[\[44\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-45)
First presidency
"I became President because of the brand...I think it's the hottest brand in the world," Trump testified in April 2023 in the New York civil investigation. He suggested that the "brand value" of the U.S. presidency had been worth to him "maybe \$10 billion or something."[\[45\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-46)
During his presidency, Trump reported over \$1.6 billion of outside revenue and income from his companies, including [the Trump Organization](https://en.wikipedia.org/wiki/The_Trump_Organization "The Trump Organization"). "While Trump publicly took credit for donating his taxpayer-funded salary," [Citizens for Responsibility and Ethics in Washington](https://en.wikipedia.org/wiki/Citizens_for_Responsibility_and_Ethics_in_Washington "Citizens for Responsibility and Ethics in Washington") noted that the presidential salary he donated was not even one-thousandth of what he was earning as a businessman.[\[46\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-47)
Nonetheless, the Forbes estimate of his wealth decreased from \$3.7 billion just before he took office[\[47\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-48) to \$2.5 billion when he left it.[\[48\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-49)
Five months into his presidency, the Trump Organization paid off a loan to L/P Daewoo, a company with ties to [North Korea](https://en.wikipedia.org/wiki/North_Korea "North Korea"). During the campaign, the debt of nearly \$20 million had not been mentioned in the Trump campaign's [financial disclosure filings](https://en.wikipedia.org/wiki/Financial_disclosure_of_public_servants "Financial disclosure of public servants").[\[49\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-50)
Political donations from small and large donors alike ended up funding Trump's personal businesses. During his presidency, his businesses received \$8.5 million from political fundraising under his control, including the Trump campaign, and \$2 million from other Republican fundraising sources.[\[50\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-51)
Though the Trump Organization claimed it would let federal employees who traveled with President Trump stay at his properties “for free” or “at cost”, it charged the [Secret Service](https://en.wikipedia.org/wiki/United_States_Secret_Service "United States Secret Service") up to \$1,185 per night, generating over \$1.4 million in Secret Service lodging expenses over four years. This bill is charged to taxpayers and paid to the Trump Organization.[\[51\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-52)
During the first two years of his term, the governments of [China](https://en.wikipedia.org/wiki/China "China"), [Turkey](https://en.wikipedia.org/wiki/Turkey "Turkey"), [Malaysia](https://en.wikipedia.org/wiki/Malaysia "Malaysia"), [Saudi Arabia](https://en.wikipedia.org/wiki/Saudi_Arabia "Saudi Arabia"), [Qatar](https://en.wikipedia.org/wiki/Qatar "Qatar"), and the [United Arab Emirates](https://en.wikipedia.org/wiki/United_Arab_Emirates "United Arab Emirates") spent a combined total of over \$700,000 at the [Trump International Hotel in Washington, D.C.](https://en.wikipedia.org/wiki/Trump_International_Hotel_Washington,_D.C. "Trump International Hotel Washington, D.C.")[\[52\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-53)
For federal income taxes, Trump paid \$750 in 2017, a combined \$1.1 million in 2018 and 2019 (when his taxable income was nearly \$23 million and nearly \$3 million respectively), and nothing in 2020 (when he reported a loss of over \$16 million).[\[53\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-54)
[](https://en.wikipedia.org/wiki/File:White_House_for_Sale_-_How_Princes,_Prime_Ministers,_and_Premiers_Paid_Off_President_Trump_-_Report.pdf)
The January 2024 report released by the Democratic members of the [House Oversight Committee](https://en.wikipedia.org/wiki/House_Oversight_Committee "House Oversight Committee") detailing over \$7.8 million in payments made by foreign governments to Donald Trump during his presidency
On March 17, 2023, Washington, D.C. representative [Jamie Raskin](https://en.wikipedia.org/wiki/Jamie_Raskin "Jamie Raskin"), Ranking Member of the [Committee on Oversight and Accountability](https://en.wikipedia.org/wiki/United_States_House_Committee_on_Oversight_and_Accountability "United States House Committee on Oversight and Accountability"), released a report on [Donald Trump](https://en.wikipedia.org/wiki/Donald_Trump "Donald Trump"). Trump and his family members were accused of failing to publicly provide details about more than 100 foreign gifts he received. Some records disclosed that Saudi Arabia's crown prince [Mohammad bin Salman](https://en.wikipedia.org/wiki/Mohammad_bin_Salman "Mohammad bin Salman") provided 16 unreported gifts worth more than \$45,000 to Trump, including swords and daggers. Japanese Prime Minister [Shinzo Abe](https://en.wikipedia.org/wiki/Shinzo_Abe "Shinzo Abe") gifted Golden Golf Clubs to Trump. [India](https://en.wikipedia.org/wiki/India "India") provided 17 gifts, with an estimated value of \$47,000.[\[54\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-55) On January 3, 2024, Raskin and House Oversight Committee Democrats released a report showing that Trump's businesses had received \$7.8 million in payments from foreign governments during his presidency. On January 10, during a [Fox News](https://en.wikipedia.org/wiki/Fox_News "Fox News") town hall, Trump admitted that foreign governments had paid him for hotel stays. "I was doing services for that," Trump said. Raskin demanded that Trump return all money received to the [U.S. Treasury](https://en.wikipedia.org/wiki/United_States_Department_of_the_Treasury "United States Department of the Treasury").[\[55\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-2024.Jan.12.HuffPost-56)
Because the ruling in the [New York civil case](https://en.wikipedia.org/wiki/New_York_civil_investigation_of_The_Trump_Organization "New York civil investigation of The Trump Organization") banned him from “borrowing from New York-chartered banks until 2027,” the Financial Times wrote in February 2024, “this sharply raises the leverage of potential lenders in the Gulf and elsewhere.”[\[56\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-57)
Between presidencies
Loans and accounting
After Trump lost the [2020 election](https://en.wikipedia.org/wiki/2020_United_States_presidential_election "2020 United States presidential election"), [Deutsche Bank](https://en.wikipedia.org/wiki/Deutsche_Bank "Deutsche Bank") senior banker [Rosemary Vrablic](https://en.wikipedia.org/wiki/Rosemary_Vrablic "Rosemary Vrablic") announced on December 22, 2020, that she was resigning from the bank, effective December 31. The reasons for her resignation were unknown, but the *New York Times* provided context: In 2011, Vrablic had taken Trump as a client and loaned him \$300 million, although this was controversial within the bank, especially as Trump had defaulted on a large loan they'd given him just three years earlier. She also engaged in personal business transactions with Trump. It was expected that Deutsche Bank employees would be asked to testify before a grand jury in the [criminal investigations of the Manhattan DA](https://en.wikipedia.org/wiki/New_York_criminal_investigation_of_The_Trump_Organization "New York criminal investigation of The Trump Organization").[\[57\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Enrich-58)
In February 2022, Trump's longtime accounting firm, [Mazars](https://en.wikipedia.org/wiki/Forvis_Mazars "Forvis Mazars"), said it no longer trusted his information and would no longer serve as his accountant.[\[58\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-59) Nonetheless, that month, [Axos Bank](https://en.wikipedia.org/wiki/Axos_Financial "Axos Financial") loaned Trump \$100 million on Trump Tower at 4.25 percent for 10 years. In May 2022, it loaned him \$125 million on his [Doral golf resort](https://en.wikipedia.org/wiki/Trump_National_Doral_Miami "Trump National Doral Miami") at 4.9 percent for 10 years. Axos CEO Gregory Garrabrants authorized both loans.[\[59\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:7-60)
Trump's 2024 assets were valued at \$1.6 billion or more, and his income that year was over \$600 million. Income sources included crypto, golf clubs, and licensing. This was revealed in a public financial disclosure on June 13, 2025.[\[60\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-61)
In August 2025, the anti-corruption group Accountable.US estimated that he might have "about \$11.6 billion in uncounted crypto assets", forming three-quarters of his total wealth.[\[61\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-62)
Business relationships
Following the [storming of the U.S. Capitol](https://en.wikipedia.org/wiki/Storming_of_the_U.S._Capitol "Storming of the U.S. Capitol") on January 6, 2021, Trump suddenly lost a number of platforms and relationships, including Twitter, Facebook, Stripe, Shopify, and a [PGA Championship](https://en.wikipedia.org/wiki/PGA_Championship "PGA Championship") that was to be held at one of his golf courses.[\[62\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-63) Deutsche Bank said it would no longer do business with Trump, while [Signature Bank](https://en.wikipedia.org/wiki/Signature_Bank "Signature Bank") (an American company) not only began closing his accounts but also called for him to resign the presidency.[\[63\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-64) New York City revoked its contracts with the Trump Organization, which include ice skating rinks and a [carousel](https://en.wikipedia.org/wiki/Central_Park_Carousel "Central Park Carousel") at [Central Park](https://en.wikipedia.org/wiki/Central_Park "Central Park") and the Trump Golf Links at the Ferry Point golf course in the Bronx, for which it had been paying the Trump Organization \$17 million per year.[\[64\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-65) (Two years later, the Trump Organization sold the rights to the golf course to [Bally's Corporation](https://en.wikipedia.org/wiki/Bally%27s_Corporation "Bally's Corporation").)[\[65\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-66) The real estate firm [Cushman & Wakefield](https://en.wikipedia.org/wiki/Cushman_%26_Wakefield "Cushman & Wakefield") said it would no longer handle leasing for [Trump Tower](https://en.wikipedia.org/wiki/Trump_Tower "Trump Tower") or [40 Wall Street](https://en.wikipedia.org/wiki/40_Wall_Street "40 Wall Street").[\[66\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-67)
As Trump's presidency ended, a number of Mar-a-Lago members were quietly abandoning their paying memberships, according to journalist [Laurence Leamer](https://en.wikipedia.org/wiki/Laurence_Leamer "Laurence Leamer"), who had written a book about the resort two years previously.[\[67\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-68) In March 2021, the beach club and dining room were temporarily shut down after staff were diagnosed with [COVID-19](https://en.wikipedia.org/wiki/COVID-19 "COVID-19").[\[68\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-69) In early 2021, after leaving the presidency, Trump was working out of Mar-a-Lago, where he converted a bridal suite into an office.[\[69\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-70)
On May 11, 2022, the Trump Organization sold its lease of the [Old Post Office](https://en.wikipedia.org/wiki/Old_Post_Office_\(Washington,_D.C.\) "Old Post Office (Washington, D.C.)") in Washington, D.C. for a \$100 million profit,[\[70\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-nytimes.com-71) and he paid off his \$170 million Deutsche Bank loan with the proceeds. Axos Bank was involved during the last two months of the deal and financed part of a loan he needed to complete it.[\[59\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:7-60) Earlier that year, the [House Oversight Committee](https://en.wikipedia.org/wiki/United_States_House_Committee_on_Oversight_and_Reform "United States House Committee on Oversight and Reform") had tried to prevent Trump from selling, arguing that he had given the U.S. [General Services Administration](https://en.wikipedia.org/wiki/General_Services_Administration "General Services Administration") (GSA) "at least one financial statement with possible material misrepresentations" and should not be "rewarded" for "seeking to profit off the presidency."[\[71\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:0-72) He ran the Trump International Hotel from 2016 to 2022 out of the Old Post Office,[\[72\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-73) where the GSA gave him a 60-year lease in 2013.[\[73\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-74)
In January 2025, days before Trump's second inauguration, an Abu Dhabi royal family agreed to purchase a 49% stake in his cryptocurrency company, [World Liberty Financial](https://en.wikipedia.org/wiki/World_Liberty_Financial "World Liberty Financial"), for \$500 million. They paid half up front. The deal was kept secret for a year.[\[74\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-75)
Airplane
Two months after Biden's inauguration, it was reported that Trump's personal [Boeing 757](https://en.wikipedia.org/wiki/Boeing_757 "Boeing 757") was in need of repairs and that it had not flown since his presidential term ended.[\[75\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-76)
Merchandise
In November 2021, Trump released a coffee table book titled *[Our Journey Together](https://en.wikipedia.org/wiki/Our_Journey_Together "Our Journey Together")*, which was sold for \$75 per copy and had gross sales of \$20 million within two months.[\[76\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-77) The book used [public domain](https://en.wikipedia.org/wiki/Public_domain "Public domain") images taken by taxpayer-funded White House photographers.[\[77\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-78)
In 2023, Trump made \$7.2 million through a licensing deal to sell Trump [NFT](https://en.wikipedia.org/wiki/Non-fungible_token "Non-fungible token") "trading cards."[\[78\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-2024Sep27CNN-79)
In 2024, he sold Trump-themed "God Bless the USA" Bibles (printed in China for less than \$3 each, retailing for \$59.99 and up, some touting the [July 13th attempt on his life](https://en.wikipedia.org/wiki/Attempted_assassination_of_Donald_Trump_in_Pennsylvania "Attempted assassination of Donald Trump in Pennsylvania") as "the day God intervened"),[\[79\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-80) two other books, golden sneakers, silver "Trump Coins" (with his face imprinted on one side and the White House on the other), and "Trump Watches" (most of which retail for \$499, with one priced at \$100,000).[\[78\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-2024Sep27CNN-79)
Fundraising
A number of large companies halted their political contributions to Trump after the [storming of the Capitol](https://en.wikipedia.org/wiki/2021_storming_of_the_United_States_Capitol "2021 storming of the United States Capitol"),[\[80\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-81) and, coincidentally, Trump's largest political donor, [Sheldon Adelson](https://en.wikipedia.org/wiki/Sheldon_Adelson "Sheldon Adelson"), died on January 11, 2021. Overall, however, Trump raised more funds than others. In April 2021, a Trump adviser claimed that Trump's available political funds (\$85 million) roughly equalled the [RNC](https://en.wikipedia.org/wiki/Republican_National_Committee "Republican National Committee")'s (\$84 million).[\[81\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-82) At the end of January 2022, the [Save America PAC](https://en.wikipedia.org/wiki/Save_America "Save America") had \$108 million, more than double what the Republican National Committee had.[\[82\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:2-83)
From 2015 through the first half of 2024, political groups spent \$35 million at Trump properties, over 80 percent of which was spent by groups backing Trump specifically.[\[83\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-2024Aug23CNN-84) Some of this activity was post-presidency. Over less than two years – 2021 (after he left office) and 2022 – his political committees spent over \$900,000 at his properties, according to [Federal Election Commission](https://en.wikipedia.org/wiki/Federal_Election_Commission "Federal Election Commission") filings analyzed by the HuffPost.[\[84\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-85) This spending increased in 2023 and 2024.[\[83\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-2024Aug23CNN-84)
In April 2024, a new fundraising committee, Trump 47, filed its first FEC report, revealing that 20 people had contributed at least \$800,000 each.[\[85\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-86)
Save America PAC
After losing the November 2020 election, Trump formed a [leadership political action committee](https://en.wikipedia.org/wiki/Leadership_PAC "Leadership PAC") (leadership PAC) called "[Save America](https://en.wikipedia.org/wiki/Save_America "Save America")". Beginning the day after the election and continuing until the vote certification on January 6, 2021, Trump's mass emails to his supporters asked for small-dollar contributions to the "Official Election Defense Fund," which did not exist; all the funds raised went to Save America.[\[86\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-87) According to filings with the Federal Election Commission, the PAC had raised \$31 million by the end of 2020[\[87\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-88) and \$255.4 million by the end of January 2021.[\[88\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-89)
"Save America" is also entitled to \$45 million from the Trump Make America Great Again Committee, which raised those funds together with the [Republican National Committee](https://en.wikipedia.org/wiki/Republican_National_Committee "Republican National Committee") (RNC). While Trump had claimed the money would go toward challenging his own 2020 election loss and supporting Republicans in the [Georgia Senate runoff election](https://en.wikipedia.org/wiki/2020%E2%80%9321_United_States_Senate_election_in_Georgia "2020–21 United States Senate election in Georgia"), the money was not used for these purposes.[\[89\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-90) By mid-2022, 69 Trump allies had received \$350,000 from Save America.[\[7\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:4-7) Some of it was also spent at Trump Organization properties.[\[8\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:5-8) In September 2022, it was reported that the Save America PAC had advanced \$3 million to lawyer [Chris Kise](https://en.wikipedia.org/wiki/Chris_Kise "Chris Kise") to defend Trump in the Justice Department probe of the [presidential records seized at Mar-a-Lago](https://en.wikipedia.org/wiki/FBI_search_of_Mar-a-Lago "FBI search of Mar-a-Lago").[\[90\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-91)
A Trump fundraising email on March 8, 2021, told donors that their money should go to the Save America PAC rather than to "[RINOs](https://en.wikipedia.org/wiki/RINOs "RINOs")" (“Republicans in name only").[\[91\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-92)[\[92\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-93) As of March 2021, Trump's website said that 90% of new donations would go to the Save America PAC and the remainder to the Make America Great Again (MAGA) PAC, a new entity he created on February 27, 2021, with the remaining \$8 million from the former [Donald J. Trump For President campaign committee](https://en.wikipedia.org/wiki/Donald_Trump_2020_presidential_campaign "Donald Trump 2020 presidential campaign"). He made his first in-person fundraising request in a public setting on February 28 at the [Conservative Political Action Conference](https://en.wikipedia.org/wiki/2021_Conservative_Political_Action_Conference "2021 Conservative Political Action Conference").[\[93\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-94) In mid-2021, it was anticipated that Trump would encounter difficulty maintaining his donor lists, given that Facebook was still not allowing him to use its platform.[\[94\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-95)
The Save America PAC raised around \$75 million during the first half of 2021. Though some was spent on Trump's travel costs, legal costs, and staff costs, none was spent on ballot reviews of the 2020 election, despite advertisements for donors to "join the fight to secure our elections".[\[95\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-96) By the end of June 2021, the Save America PAC had paid over \$200,000 to a legal firm associated with Trump's interactions with the [House Select Committee on the January 6 Attack](https://en.wikipedia.org/wiki/House_Select_Committee_on_the_January_6_Attack "House Select Committee on the January 6 Attack") while paying nothing for the defense of hundreds of Trump supporters facing charges related to January 6.[\[9\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:6-9) At that time, the Save America PAC and MAGA PAC combined had nearly \$102 million in cash reserves.[\[96\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-97) In October 2021, the RNC paid Trump's attorneys over \$121,000 to address what the RNC claimed were "politically motivated legal proceedings waged against President Trump".[\[97\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-98)
The Save America PAC donated nothing to other candidates in January 2022.[\[82\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:2-83) Through February 2022, it gave \$205,000 to 41 federal candidates and \$145,500 to 29 state candidates while sitting on over \$110 million.[\[98\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-99) It had over \$99 million in cash at the end of July 2022[\[99\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-SubpoenaPAC-100) and \$93 million at the end of August 2022.[\[100\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-91percentOverhead-101) In October 2022, it transferred \$60 million to the Make America Great Again Inc. super PAC (which also took in millions of dollars from other sources). The MAGA Inc. super PAC spent only \$15 million on Republican Senate candidates in the [November 2022 midterm elections](https://en.wikipedia.org/wiki/2022_United_States_elections "2022 United States elections"); with \$54 million remaining, it said its new goal was to [reelect Trump in 2024](https://en.wikipedia.org/wiki/Donald_Trump_2024_presidential_campaign "Donald Trump 2024 presidential campaign").[\[101\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-102)
In the third quarter of 2022, Trump spent \$22 million to fundraise \$24 million.[\[100\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-91percentOverhead-101)
In 2022, the Save America PAC paid over \$120,000 to the Brand Woodward Law firm, paying legal bills for [Kash Patel](https://en.wikipedia.org/wiki/Kash_Patel "Kash Patel") and [Walt Nauta](https://en.wikipedia.org/wiki/Walt_Nauta "Walt Nauta"), both of whom testified regarding the government documents Trump took to Mar-a-Lago.[\[6\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:3-6)
In 2023, about 10 percent of Trump's political fundraising was sent to the Save America PAC whose primary expense was his legal bills. That year, multiple Trump PACs spent a total of roughly \$50 million of donor funds on Trump's legal bills.[\[102\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-103) Most of the funds came from small-dollar donors.[\[103\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-104)
By late 2024, Save America had paid a total of over \$90 million to attorneys working on his cases.[\[104\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-105)
Republican National Committee funds
Between October 2021 and July 2022, the RNC paid nearly \$2 million to Trump's lawyers. In July 2022, the RNC warned it would stop these payments if Trump declared a bid in the 2024 election, on the grounds that it doesn't take sides in a presidential primary.[\[105\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-106)
In early 2024, former RNC chair [Michael Steele](https://en.wikipedia.org/wiki/Michael_Steele "Michael Steele"), as well as current and former RNC members, expressed concern that Trump would try to leverage RNC funds to pay the judgments against him in the [E. Jean Carroll case](https://en.wikipedia.org/wiki/E._Jean_Carroll_v._Donald_J._Trump "E. Jean Carroll v. Donald J. Trump") and the [New York civil investigation of the Trump Organization](https://en.wikipedia.org/wiki/New_York_civil_investigation_of_The_Trump_Organization "New York civil investigation of The Trump Organization").[\[106\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-107)
On February 26, 2024, [Ronna McDaniel](https://en.wikipedia.org/wiki/Ronna_McDaniel "Ronna McDaniel") announced she would resign as RNC chair according to Trump's wishes.[\[107\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-108) On March 8, [Lara Trump](https://en.wikipedia.org/wiki/Lara_Trump "Lara Trump") was elected RNC co-chair by unanimous vote.[\[108\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-109) An RNC fundraising dinner planned for April 6, 2024 will direct funds to the Save America PAC, which pays Donald Trump's legal bills.[\[109\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-110)\[*[needs update](https://en.wikipedia.org/wiki/Wikipedia:Manual_of_Style/Dates_and_numbers#Chronological_items "Wikipedia:Manual of Style/Dates and numbers")*\]
Donor refunds
In September and October 2020, the for-profit donation processor WinRed presented recurring donations as the default option, a feature that was revealed in the fine print. From mid-October 2020 to the end of 2020, the Trump campaign and the RNC refunded over \$64 million to online donors who had complained they had only meant to make one-time contributions.[\[110\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-111) During the first half of 2021, another \$12.8 million was refunded.[\[111\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-112)
Investigations
In September 2022, the Justice Department issued a grand jury subpoena to the Save America PAC.[\[99\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-SubpoenaPAC-100) Subpoenas were also served to former Trump aides [Stephen Miller](https://en.wikipedia.org/wiki/Stephen_Miller "Stephen Miller") and [Brian Jack](https://en.wikipedia.org/wiki/Brian_Jack "Brian Jack").[\[112\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-113)
Second presidency
Following the UAE's \$500 million investment in World Liberty Financial cryptocurrency just before the inauguration, Trump made an additional \$1.4 billion off the presidency during his first year back in office. Most of this was from other cryptocurrency, while \$90 million was from settling lawsuits with tech and media companies.[\[113\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-114)
Sources of wealth
On May 21, 2025, the Department of Defense accepted a luxury [Boeing 747-8](https://en.wikipedia.org/wiki/Boeing_747-8 "Boeing 747-8") jumbo jet, worth about \$400 million, as a gift from the [royal family of Qatar](https://en.wikipedia.org/wiki/House_of_Thani "House of Thani"), to be customized at additional cost and used as Air Force One.[\[114\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-115) The gift had been publicly announced ten days earlier. At that time, attorney General [Pam Bondi](https://en.wikipedia.org/wiki/Pam_Bondi "Pam Bondi") and White House lawyer [David Warrington](https://en.wikipedia.org/wiki/David_Warrington "David Warrington") formally opined that it would be legal as long as it were donated to the Department of Defense (rather than to Trump personally) and then gifted to the [Trump presidential library foundation](https://en.wikipedia.org/wiki/Donald_J._Trump_Presidential_Library "Donald J. Trump Presidential Library") just before Trump leaves office.[\[115\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-116) On May 28, the [Washington Post](https://en.wikipedia.org/wiki/Washington_Post "Washington Post") reported that Qatar was requesting a memorandum of understanding to release it from any liability.[\[116\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-WAPO-117) The United States will pay "probably less than \$400 million" to retrofit the aircraft, according to Air Force Secretary Troy Meink's testimony on June 5 before the House Armed Services Committee.[\[117\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-118) [Andrew Hunter](https://en.wikipedia.org/wiki/Andrew_P._Hunter "Andrew P. Hunter"), former assistant secretary of the Air Force under the Biden administration, said he expected retrofitting would be a years-long process.[\[118\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-119) On September 29, Trump signed an executive order that the United States will treat "any armed attack" on Qatar "as a threat to the peace and security of the United States."[\[119\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-120)[\[120\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-121) On October 10, at a Pentagon press conference alongside Qatari Defense Minister Sheikh [Saoud bin Abdulrahman Al Thani](https://en.wikipedia.org/wiki/Saoud_bin_Abdulrahman_Al_Thani "Saoud bin Abdulrahman Al Thani"), U.S. Defense Secretary Pete Hegseth announced that a [Qatari Emiri Air Force](https://en.wikipedia.org/wiki/Qatar_Emiri_Air_Force "Qatar Emiri Air Force") facility would be built in Idaho at the U.S. [Mountain Home Air Force Base](https://en.wikipedia.org/wiki/Mountain_Home_Air_Force_Base "Mountain Home Air Force Base").[\[121\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-122) Hours later, following public criticism, Hegseth posted to X: "to be clear, Qatar will not have their own base in the United States—nor anything like it."[\[122\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-123) In January 2026, after [Trump seized Venezuelan oil](https://en.wikipedia.org/wiki/2026_United_States_intervention_in_Venezuela "2026 United States intervention in Venezuela") valued at \$500 million, revenue from the oil sales was held mainly in a bank account in Qatar controlled by the U.S. government.[\[123\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-124)
On June 16, 2025, he announced a new business called [Trump Mobile](https://en.wikipedia.org/wiki/Trump_Mobile "Trump Mobile") that planned to sell an Android phone model called a T1 for \$499 along with 5G service for an additional \$47.45 per month.[\[124\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-125)
On June 30, 2025, he announced two fragrances called the Victory 45-47 scents. They sell for \$249 per bottle. As the disclaimer said they were "not designed, manufactured, distributed or sold" by Trump himself or the Trump Organization, HuffPost speculated that Trump was likely receiving a licensing fee.[\[125\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-126)
On August 27, 2025, he announced on Truth Social that he had "raised, since the Great Presidential Election of 2024, in various forms and political entities, in excess of 1.5 Billion Dollars."[\[126\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-127)
In September 2025, House and Senate Democrats wrote to law firms [Paul Weiss](https://en.wikipedia.org/wiki/Paul,_Weiss,_Rifkind,_Wharton_%26_Garrison "Paul, Weiss, Rifkind, Wharton & Garrison"), [Kirkland & Ellis](https://en.wikipedia.org/wiki/Kirkland_%26_Ellis "Kirkland & Ellis") and [Skadden Arps](https://en.wikipedia.org/wiki/Skadden,_Arps,_Slate,_Meagher_%26_Flom "Skadden, Arps, Slate, Meagher & Flom") asking why they were reportedly providing free legal services, valued at tens of millions of dollars, to the [Commerce Department](https://en.wikipedia.org/wiki/United_States_Department_of_Commerce "United States Department of Commerce"), after having been pressured by Trump.[\[127\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-128)
From late August to early October 2025, he bought corporate and municipal bonds valued at somewhere between \$82 and \$337 million, investing in sectors that benefit from his policies, including tech companies, banks and retailers.[\[128\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-129)
Net worth
[](https://en.wikipedia.org/wiki/File:1982-_Net_worth_of_Donald_Trump.svg)
Trump's net worth over time, as estimated by *[Forbes](https://en.wikipedia.org/wiki/Forbes "Forbes")* magazine[\[129\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Forbes1982--130)[\[130\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Forbes2001--131)
Discrepancies in the estimates of various organizations are due in part to the uncertainty of appraised property values, as well as Trump's own assessment of the value of his [personal brand](https://en.wikipedia.org/wiki/Personal_brand "Personal brand").[\[131\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Melby19July-132)[\[132\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-133)
1980s and 1990s
Trump was listed on the initial *Forbes List* of wealthy individuals in 1982 as having a share of his family's estimated \$200 million net worth.[\[32\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-OBrien2005Oct-33) Former *Forbes* reporter Jonathan Greenberg said in 2018 that during the 1980s Trump had deceived him about his actual net worth and his share of the family assets in order to appear on the list. According to Greenberg,
> "it took decades to unwind the elaborate farce Trump had enacted to project an image as one of the richest people in America. Nearly every assertion supporting that claim was untrue. Trump wasn't just poorer than he said he was. Over time, I have learned that he should not have been on the first three Forbes 400 lists at all. In our first-ever list, in 1982, we included him at \$100 million, but Trump was actually worth roughly \$5 million – a paltry sum by the standards of his super-monied peers – as a spate of government reports and books showed only much later."[\[133\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-WP-20180420-134)[\[134\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-CNN-20180420-135)
After several years on the *Forbes List*, Trump's financial losses in the 1980s caused him to be dropped from 1990 to 1995, and reportedly obliged him to borrow from his siblings' trusts in 1993.[\[32\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-OBrien2005Oct-33)
In 1997, Trump visited P.S. 70, an elementary school in the Bronx. The chess team needed money to travel to the national championship tournament. Trump dropped a fake \$1 million bill in their basket. He later mailed them \$200.[\[135\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-136)[\[136\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-137)[\[137\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-138)
2000s and 2010s
In 2005, *The New York Times* referred to Trump's "verbal billions" in a skeptical article about Trump's self-reported wealth.[\[32\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-OBrien2005Oct-33) At the time, three individuals with direct knowledge of Trump's finances told reporter [Timothy L. O'Brien](https://en.wikipedia.org/wiki/Timothy_L._O%27Brien "Timothy L. O'Brien") that Trump's actual net worth was between \$150 and \$250 million, though Trump then publicly claimed a net worth of \$5 to \$6 billion.[\[32\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-OBrien2005Oct-33) Claiming libel, Trump sued the reporter (and his book publisher) for \$5 billion, lost the case, and then lost again on appeal; Trump refused to turn over [his unredacted tax returns](https://en.wikipedia.org/wiki/Tax_returns_of_Donald_Trump "Tax returns of Donald Trump") despite his assertion they supported his case.[\[138\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Geraghty25Feb-139)
When he filed his 2008 tax return, he reported losses of \$651 million, having called his [Trump International Hotel and Tower (Chicago)](https://en.wikipedia.org/wiki/Trump_International_Hotel_and_Tower_\(Chicago\) "Trump International Hotel and Tower (Chicago)") "worthless". In 2010, his lawyers put the building under DJT Holdings LLC, which would later cover other Trump properties and businesses and would record an additional \$168 million in losses over the next decade. This drew IRS attention, and it was reported in 2024 that Trump might owe \$100 million in taxes in a revised calculation for these moves.[\[139\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-140)
In April 2011, amid speculation whether Trump would run as a candidate in the United States presidential election of 2012, *[Politico](https://en.wikipedia.org/wiki/Politico "Politico")* quoted unnamed sources close to him stating that, if Trump should decide to run for president, he would file "financial disclosure statements that \[would\] show his net worth \[was\] in excess of \$7 billion with more than \$250 million of cash, and very little debt".[\[140\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-141) Although Trump did not run as a candidate in the 2012 elections, his "professionally prepared" 2012 financial disclosure was published in his book, which claimed a \$7 billion net worth.[\[141\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Regnery2011-142)
On June 16, 2015, just before announcing his candidacy for U.S. president, Trump released a one-page financial statement "from a big accounting firm – one of the most respected"[\[142\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-NPR17June-143) – stating a net worth of \$8,737,540,000.[\[143\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-144) "I'm really rich," Trump said.[\[142\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-NPR17June-143) *Forbes* believed his claim of \$9 billion was "a whopper", figuring it was actually \$4.1 billion.[\[144\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Carlyle16June-145) (Several years later, his lawyer [Michael Cohen](https://en.wikipedia.org/wiki/Michael_Cohen_\(lawyer\) "Michael Cohen (lawyer)") admitted in his memoir that "I'd personally pumped in the helium into his balloon-like net worth," including by inflating his estimate of the worth of the Gucci building, and said that he knew Trump at this time had "\$2 billion, absolute tops."[\[145\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-146)) In June 2015, *[Business Insider](https://en.wikipedia.org/wiki/Business_Insider "Business Insider")* published Trump's June 2014 financial statement, noting that \$3.3 billion of that total is represented by "Real Estate Licensing Deals, Brand and Branded Developments", described by *Business Insider* as "basically \[implying\] that Trump values his character at \$3.3 billion".[\[146\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-147) *Forbes* reduced its estimate of Trump's net worth by \$125 million following Trump's controversial 2015 remarks about Mexican undocumented immigrants, which ended Trump's business contracts with [NBCUniversal](https://en.wikipedia.org/wiki/NBCUniversal "NBCUniversal"), [Univision](https://en.wikipedia.org/wiki/Univision "Univision"), [Macy's](https://en.wikipedia.org/wiki/Macy%27s "Macy's"), [Serta](https://en.wikipedia.org/wiki/Serta_\(company\) "Serta (company)"), [PVH Corporation](https://en.wikipedia.org/wiki/PVH_\(company\) "PVH (company)"), and Perfumania.[\[147\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Carlyle15July-148)
In March 2016, Forbes estimated his net worth at \$4.5 billion. A year later, shortly after his inauguration, they lowered it by \$1 billion, and by the end of his presidential term, they had subtracted yet another \$1 billion.[\[148\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Werschkul-149)[\[131\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Melby19July-132)[\[149\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-forbes-2019-billionaires-150)
During the three years after Trump announced his presidential run in 2015, *Forbes* estimated his net worth declined 31% and his ranking fell 138 spots on the *Forbes* list of the wealthiest Americans.[\[150\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-151) In its 2018 and 2019 billionaires rankings, *Forbes* estimated Trump's net worth at \$3.1 billion. (In 2018, this was 766th in the world, 248th in the U.S. In 2019, this was 715th in the world, 259th in the U.S.)[\[149\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-forbes-2019-billionaires-150) [Bloomberg Billionaires Index](https://en.wikipedia.org/wiki/Bloomberg_Billionaires_Index "Bloomberg Billionaires Index") listed Trump's net worth as \$2.48 billion on May 31, 2018,[\[151\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-BBI-152) and Wealth-X listed it as at least \$3.8 billion on July 16, 2018.[\[152\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-WX-153)
2020s
[](https://en.wikipedia.org/wiki/File:20240326_Trump_Media_DJT_stock_price,_weekly.svg)
DJT stock price reached over \$79 per share after its public offering, but declined thereafter.[\[153\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-154)
[](https://en.wikipedia.org/wiki/File:2024-_DJT_net_income.svg)
Since its public offering, Trump Media & Technology Group Corp. has had net operating losses.[\[154\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-155)
On October 3, 2023, Forbes estimated Trump's wealth at \$2.6 billion and announced that he had not made their annual [*Forbes* 400](https://en.wikipedia.org/wiki/Forbes_400 "Forbes 400") list. The main reason, they said, was that, over the past year, "Trump’s 90% stake in [Truth Social’s parent company](https://en.wikipedia.org/wiki/Trump_Media_%26_Technology_Group "Trump Media & Technology Group") has plummeted in value from an estimated \$730 million to less than \$100 million." Another major reason was that the value of his building at [555 California Street](https://en.wikipedia.org/wiki/555_California_Street "555 California Street") in San Francisco "is down by an estimated \$100 million or so" and 1290 Avenue of the Americas in New York "is down by roughly \$60 million." Some of his properties were generating profit; for example, one of his golf properties, [Trump National Doral](https://en.wikipedia.org/wiki/Trump_National_Doral_Miami "Trump National Doral Miami"), has about \$20 million in annual profit. Nonetheless, Trump is "\$300 million shy of the cutoff" for the list, Forbes explained; that is, the 400 wealthiest Americans each have at least \$300 million more than he does.[\[155\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Forbes3Oct2023-156)
In March 2024, when [Trump Media & Technology Group](https://en.wikipedia.org/wiki/Trump_Media_%26_Technology_Group "Trump Media & Technology Group") (TMTG) became a public company after merging with [Digital World Acquisition Corp.](https://en.wikipedia.org/wiki/Digital_World_Acquisition_Corp. "Digital World Acquisition Corp."), a [special-purpose acquisition company](https://en.wikipedia.org/wiki/Special-purpose_acquisition_company "Special-purpose acquisition company"), Trump's net worth increased by over \$4 billion. He made the top 500 in Bloomberg Billionaires Index for the first time, with an estimated net worth of \$6.5 billion.[\[156\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-157) He was awarded an additional 36 million TMTG shares the next month, bringing his ownership in the company to around 65%.[\[157\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-158)
The value of TMTG decreased significantly by over 65% between its peak in March 2024 peak and August 2024, at which point his net worth was estimated to be \$4.3 billion.[\[2\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:9-2) Trump was not permitted to sell his shares until September 25, 2024. As of November 2024, Trump has not sold any.[\[158\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-159)
In July 2025, reporting in the New York Times estimated Trump had "As much as \$7.1 billion" in Cryptocurrencies, "At least \$2.2 billion" in Stocks, bonds and cash, "At least \$1.3 billion" in "Real estate and other business holdings" and "More than \$640 million plus interest" in debts.[\[159\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-160)
Debt and FEC filings
In July 2015, federal election regulators released new details of Trump's self-reported wealth and financial holdings when he became a Republican presidential candidate, reporting that his assets are worth above \$1.4 billion, which includes at least \$70 million in stocks, and a debt of at least \$265 million.[\[160\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Yahoo_News-161) According to *Bloomberg*, for the purposes of Trump's FEC filings Trump "only reported revenue for \[his\] golf properties in his campaign filings even though the disclosure form asks for income", noting independent filings showing all three of his major European golf properties were unprofitable.[\[131\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Melby19July-132)
Mortgages on Trump's major properties – including [Trump Tower](https://en.wikipedia.org/wiki/Trump_Tower "Trump Tower"), [40 Wall Street](https://en.wikipedia.org/wiki/The_Trump_Building "The Trump Building"), and the [Trump National Doral](https://en.wikipedia.org/wiki/Trump_National_Doral_Miami "Trump National Doral Miami") golf course – each fall into the "above \$50 million" range, the highest reportable category on FEC filings, with Trump paying interest rates ranging from 4% to 7.125%.[\[161\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Zurcher23July-162) Mortgages on those three properties were separately reported as \$100 million, \$160 million, and \$125 million in 2013.[\[162\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Clarke1Jul-163) Trump is a leaseholder, not owner, of the land beneath 40 Wall Street.[\[163\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Craig20Aug-164) Other outstanding Trump mortgages and debts are pegged to current market interest rates.[\[161\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Zurcher23July-162) A 2012 report from Trump's accounting firm estimated \$451.7 million in debt and other collateral obligations.[\[162\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Clarke1Jul-163) Filings in 2015 disclosed debt of \$504 million, according to *Fortune* magazine.[\[164\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Tully2Mar-165) *Bloomberg* documented debt of at least \$605 million in 2016.[\[131\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Melby19July-132) Trump's outstanding debt was at least \$650 million in August 2016, in addition to an outstanding loan of \$950 million to the [Bank of China](https://en.wikipedia.org/wiki/Bank_of_China "Bank of China") and [Deutsche Bank](https://en.wikipedia.org/wiki/Deutsche_Bank "Deutsche Bank") (among other creditors) on 1290 Avenue of the Americas, in which Trump is a minority owner.[\[163\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Craig20Aug-164) In April 2020, it was reported that Trump was tens of millions of dollars in debt to China. In 2012, Trump's real estate partner refinanced the building 1290 Avenue of the Americas for almost \$1 billion. The debt includes \$211 million from the state-owned Bank of China, which matures in 2022. Trump owns a 30% stake in 1290 Avenue of the Americas.[\[165\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-166)[\[166\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-167)[\[167\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-168)
Trump reported a yearly income of \$362 million for 2014[\[168\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-financial-pr-169) and \$611 million from January 2015 to May 2016.[\[169\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-cnn-20160519-170) Trump and his family reported more than \$500 million of income in mid-2018 financial disclosure forms.[\[170\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-171)
In September 2020, *The New York Times* noted that Trump "is personally responsible for loans and other debts totaling \$421 million, with most of it coming due within four years" and no obvious way to repay them.[\[40\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Buettner-41) As of December 2020, he owed about \$330 million to Deutsche Bank, due in 2023 and 2024.[\[57\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Enrich-58) The subsequent resignation of Trump's accounting firm, Mazars, on the grounds that Trump had provided them with inaccurate information for ten years of financial statements, will make it more difficult for Trump to refinance, said *Bloomberg Opinion* executive editor Tim O'Brien.[\[171\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-172)
Trump has a total of over \$1 billion in debts, borrowed to finance his assets, reported *Forbes* in October 2020. Around \$640 million or more was owed to various banks (Deutsche Bank, Professional Bank, [Amboy Bank](https://en.wikipedia.org/wiki/Amboy_Bank "Amboy Bank"), and Investors Savings Bank) and trust organizations (Ladder Capital, Chevy Chase Trust Holdings, and the Bryn Mawr Trust Company). Around \$450 million was owed to unknown creditors, due to loans related to his properties of 1290 Avenue of the Americas and [555 California Street](https://en.wikipedia.org/wiki/555_California_Street "555 California Street"). In addition, Trump owes over \$50 million to Chicago Unit Acquisition LLC, a company he owns, which would indicate that this company is worth over \$50 million; however Trump has not disclosed any value for this company on his financial disclosure report. Overall, Trump's assets still outvalue his debts, reported Forbes.[\[172\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-173)[\[148\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Werschkul-149)
In early 2024, Trump was ordered to pay over a half-billion dollars in two civil cases:[\[173\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-174) the [E. Jean Carroll lawsuit](https://en.wikipedia.org/wiki/E._Jean_Carroll_v._Donald_J._Trump "E. Jean Carroll v. Donald J. Trump") and the [New York business fraud lawsuit](https://en.wikipedia.org/wiki/New_York_business_fraud_lawsuit_against_the_Trump_Organization "New York business fraud lawsuit against the Trump Organization"). However, in August 2025, an appeals court voided the penalty in the business fraud lawsuit, ruling that it was excessive.[\[174\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:11-175)
Trump on his own net worth
Trump has often given much higher values for his wealth than organizations estimating it. Trump has testified that "my net worth fluctuates, and it goes up and down with markets and with attitudes and with feelings – even my own feelings".[\[175\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Mullany15July-176) On the same day, Trump's own stated estimates of his net worth have varied by as much as \$3.3 billion.[\[32\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-OBrien2005Oct-33) Trump has also acknowledged that past exaggerated estimates of his wealth have been "good for financing".[\[176\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Lane22Oct-177)
A July 2015 campaign press release, issued one month after Trump announced his presidential run, said the FEC did not design its reports to accommodate "a man of Mr. Trump's massive wealth"[\[161\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Zurcher23July-162) and that his net worth is "in excess of \[\$10 billion\]".[\[177\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-178)
In 2015, *Forbes* said that although Trump "shares a lot of information with us that helps us get to the figures we publish", he "consistently pushes for a higher net worth – especially when it comes to the value of his personal brand".[\[144\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Carlyle16June-145) In 2023, they said he had "for decades" been "relentlessly lying to reporters to try to vault himself higher on the \[Forbes 400\] list."[\[155\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-Forbes3Oct2023-156)
In February 2022, Trump claimed in a defensive argument regarding the [New York investigations of The Trump Organization](https://en.wikipedia.org/wiki/New_York_investigations_of_The_Trump_Organization "New York investigations of The Trump Organization") that his net worth was "approximately \$8 to \$9 billion", based on his [brand value](https://en.wikipedia.org/wiki/Brand_valuation "Brand valuation") and "transactions which have or will take place".[\[178\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:10-179)
On August 30, 2023, New York attorney general Letitia James alleged in a court filing that Trump had falsely reported his wealth. She said he had increased his claim each year from 2011 to 2021 by between \$812 million to \$2.2 billion.[\[179\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-180)
House subpoenas and court rulings
On May 10, 2019, House Ways and Means Committee chairman [Richard Neal](https://en.wikipedia.org/wiki/Richard_Neal "Richard Neal") subpoenaed the Treasury Department and the IRS for six years of Trump's tax returns. Seven days later, Treasury Secretary Steve Mnuchin refused to comply with the subpoenas.[\[180\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-181)[\[181\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-182)[\[182\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-183)
On May 20, 2019, President Trump lost an unrelated lawsuit in which he sought to stop his accounting firm, Mazars USA, from complying with a subpoena from the House Oversight Committee for various financial records.[\[183\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-184)[\[184\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-185) The ruling against Trump was issued by Judge [Amit Mehta](https://en.wikipedia.org/wiki/Amit_Mehta "Amit Mehta") of the [U.S. District Court for the District of Columbia](https://en.wikipedia.org/wiki/U.S._District_Court_for_the_District_of_Columbia "U.S. District Court for the District of Columbia"), who also denied the president a [stay](https://en.wikipedia.org/wiki/Stay_of_proceedings "Stay of proceedings") of the ruling pending any future appeal.[\[185\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-may20ruling-186)
On November 4, 2019, the 2nd U.S. Circuit Court of Appeals in New York upheld the lower court ruling.[\[186\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-WeiserLiptak-187)[\[187\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-2dCir-188) On December 10, 2019, the 2nd U.S. Circuit Court of Appeals in New York issued a ruling which again found that the lower court had acted properly in upholding the congressional subpoenas for Trump's financial records, but this time also ordered for Deutsche Bank and Capital One to cooperate in releasing the financial records as well.[\[188\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-189)
On July 9, 2020, the U.S. Supreme Court ruled 7–2 that Trump could not keep his financial records secret but that they should be given to the Manhattan DA rather than the [House of Representatives](https://en.wikipedia.org/wiki/United_States_House_of_Representatives "United States House of Representatives").[\[189\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-190)[\[190\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-191) The Supreme Court denied a request for a stay on February 22, 2021, and the Manhattan DA received the financial records that same day.[\[191\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:1-192)
In late 2022, the House Ways and Means Committee received Trump's tax returns.[\[192\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:222-193)
New York tax law and investigations
In May 2019, both houses of the [New York State Legislature](https://en.wikipedia.org/wiki/New_York_State_Legislature "New York State Legislature"), which is based in Trump's native and business home of New York, approved a bill which allows the state's tax commissioner to release any state tax return requested by the leaders of the House Ways and Means Committee, the Senate Finance Committee or the Joint Committee on Taxation for any "specific and legitimate legislative purpose".[\[193\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-194)[\[194\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-195)
Former Trump Organization CFO [Allen Weisselberg](https://en.wikipedia.org/wiki/Allen_Weisselberg "Allen Weisselberg") and [Eric Trump](https://en.wikipedia.org/wiki/Eric_Trump "Eric Trump") each invoked their [Fifth Amendment right against self-incrimination](https://en.wikipedia.org/wiki/Self-incrimination_clause "Self-incrimination clause") over 500 times during their interviews (September 24 and October 5, 2020, respectively).[\[195\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-196)
After a Supreme Court ruling on February 22, 2021, cleared the path for Trump's tax records to be reviewed by a grand jury,[\[196\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-197) the [Mazars](https://en.wikipedia.org/wiki/Mazars "Mazars") accounting firm turned over millions of pages of documents, including Trump's tax returns from January 2011 to August 2019, to the office of the [Manhattan district attorney](https://en.wikipedia.org/wiki/New_York_County_District_Attorney "New York County District Attorney") (DA).[\[191\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:1-192) In early 2022, Mazars notified Trump that it did not trust the reliability of the information he had provided them for a decade, and thus it no longer backed the financial statements it had prepared for him, and it said it would no longer serve as his accountant.[\[197\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-198) In late 2022, the House Ways and Means Committee received Trump's tax returns[\[192\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:222-193) and publicly released them.[\[198\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-released-199)
In mid-2021, the RNC agreed to pay \$1.6 million toward Trump's legal bills in the New York investigations, although they concern business dealings that occurred before he became president.[\[199\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-200) Trump would owe income tax on money he received from the RNC.[\[200\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-201) During the last nine months of 2023, the Save America PAC paid nearly \$39 million in political donor money to pay legal fees for several of Trump's court cases.[\[201\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-202)
Criminal case
In February 2021, Manhattan DA [Cyrus Vance Jr.](https://en.wikipedia.org/wiki/Cyrus_Vance_Jr. "Cyrus Vance Jr.") subpoenaed the New York City Tax Commission as well as Trump's creditors as part of a criminal investigation into possible property tax fraud by the Trump Organization, suggesting it sought to examine the real estate values Trump had reported. The documents would disclose whether the company inflated the value of properties to secure favorable terms on loans while deflating those values to lower tax bills.[\[202\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-203) In December 2021, two editors at *Forbes*, who had once written about Trump's estimated wealth, testified to the grand jury.[\[203\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-204)
In August 2022, Allen Weisselberg pleaded guilty to grand larceny, criminal tax fraud and falsifying business records[\[204\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-205) and agreed to testify against The Trump Organization at trial.[\[205\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-scannellCNN-206)
Civil case
In January 2022, a filing by the New York state AG, [Letitia James](https://en.wikipedia.org/wiki/Letitia_James "Letitia James"), reported that Trump's tax documents show that his liquid assets were about \$93 million in 2020.[\[206\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-207) In September, James sued Trump, the Trump Organization, and his children [Donald Jr.](https://en.wikipedia.org/wiki/Donald_Trump_Jr. "Donald Trump Jr."), [Ivanka](https://en.wikipedia.org/wiki/Ivanka_Trump "Ivanka Trump"), and Eric for misrepresenting assets.[\[207\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-208) The civil suit alleged over 200 instances of fraud and asserted that Trump "wildly exaggerated his net worth by billions of dollars". A year later, New York judge Arthur Engoron sided with James on her key claim.[\[208\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-209) Though Engoron said he would cancel Trump's business certificates, a New York appeals court postponed this,[\[209\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:86-210) and ultimately Engoron changed his mind.[\[210\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:8-211)
On February 16, 2024, after a three-month trial, Engoron banned Trump from serving as an officer or director of a New York corporation for three years and his two eldest sons are similarly banned for two years. The Trump Organization will not have to dissolve, but an independent monitor must stay in place for three years, and the Trump Organization must also pay for an independent director of compliance.[\[210\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:8-211) Engoron imposed a \$364 million disgorgement, close to the \$370 million James had sought.[\[211\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-212)[\[212\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-213) Additionally, Trump was ordered to pay roughly \$100 million in interest.[\[213\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-214)
Trump could not find an insurance company to underwrite an appeal bond for this amount (\$464 million plus 20%).[\[214\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-215) On March 20, [Alina Habba](https://en.wikipedia.org/wiki/Alina_Habba "Alina Habba") was asked on Fox whether Trump sought "to secure this money through another country, \[for example\] Saudi Arabia or Russia". Habba said she was forbidden to "speak about strategy".[\[215\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-216) On April 1, Trump posted a reduced bond of \$175 million,[\[216\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-217) as permitted by a New York appeals court.[\[217\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-218) It was underwritten by Knight Specialty Insurance Company, Los Angeles, chaired by [Don Hankey](https://en.wikipedia.org/wiki/Don_Hankey "Don Hankey").[\[218\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-219)
In August 2025, an appeals court voided the penalty that Engoron had ordered, ruling that it was excessive.[\[174\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-:11-175)
E. Jean Carroll lawsuit
Trump was found liable for sexually abusing and defaming E. Jean Carroll. In May 2023, Carroll was awarded \$5 million in damages, and in January 2024, an additional \$83.3 million.
See also
- [False or misleading statements by Donald Trump](https://en.wikipedia.org/wiki/False_or_misleading_statements_by_Donald_Trump "False or misleading statements by Donald Trump")
- [Tax March](https://en.wikipedia.org/wiki/Tax_March "Tax March")
- [Timeline of investigations into Donald Trump and Russia](https://en.wikipedia.org/wiki/Timeline_of_investigations_into_Donald_Trump_and_Russia "Timeline of investigations into Donald Trump and Russia")
- [Wealth of Elon Musk](https://en.wikipedia.org/wiki/Wealth_of_Elon_Musk "Wealth of Elon Musk")
Notes
1. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-mar_28-0)** In his summary judgment, Engoron noted that between 2011 and 2021, the [assessor](https://en.wikipedia.org/wiki/Tax_assessment "Tax assessment") of [Palm Beach County](https://en.wikipedia.org/wiki/Palm_Beach_County "Palm Beach County") valued Mar-a-Lago between \$18 million and \$27.6 million. In 2020, the organization valued it at \$27 million,[\[25\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-25) but in other instances valued it between \$426.5 million and \$612 million.[\[23\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-egan-23) At trial, Trump asserted that "the house" was actually worth between \$750 million and \$1.5 billion (i.e. at least 27 times the 2020 valuation).[\[26\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-reiss-26) Mar-a-Lago is ["deed restricted"](https://en.wikipedia.org/wiki/Covenant_\(law\) "Covenant (law)") such that it cannot be used for any purpose other than as a private club. Consequently, appraisers value the property based on its annual net operating income rather than the resale or reconstruction value as a home, as would be the case for an unrestricted property.[\[27\]](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_note-front_and_center-27)
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Shaw, Corey G. Johnson, Brandon Roberts, and Al (March 5, 2026). ["Documents Reveal a Web of Financial Ties Between Trump Officials and the Industries They Help Regulate"](https://www.propublica.org/article/trump-administration-financial-disclosures-steve-feinberg). *ProPublica*.
`{{cite web}}`: CS1 maint: multiple names: authors list ([link](https://en.wikipedia.org/wiki/Category:CS1_maint:_multiple_names:_authors_list "Category:CS1 maint: multiple names: authors list"))
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["Trump's Save America PAC starts 2021 with more than \$31M, filings show"](https://www.foxbusiness.com/politics/trumps-save-america-pac-starts-2021-with-more-than-31-million). *FoxBusiness.com*.
88. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-89)**
["Trump Raised \$250 Million Since Election To Challenge Outcome – Here's Where Most Of The Money Will Actually Go"](https://www.forbes.com/sites/jemimamcevoy/2021/01/31/trump-raised-250-million-since-election-to-challenge-outcome-heres-where-most-of-the-money-will-actually-go/). *Forbes*. January 31, 2021. [Archived](https://web.archive.org/web/20240821143405/https://www.forbes.com/sites/jemimamcevoy/2021/01/31/trump-raised-250-million-since-election-to-challenge-outcome-heres-where-most-of-the-money-will-actually-go/) from the original on August 21, 2024. Retrieved April 23, 2025.
89. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-90)**
Date, S. V. (February 1, 2021). ["Trump Raised \$76 Million For Himself, But Spent Nothing On Election Challenges Or Georgia"](https://www.huffpost.com/entry/trump-slush-fund_n_6018900dc5b6bde2f5c232bb). *HuffPost*. [Archived](https://web.archive.org/web/20240829051359/https://www.huffpost.com/entry/trump-slush-fund_n_6018900dc5b6bde2f5c232bb) from the original on August 29, 2024. Retrieved February 6, 2021.
90. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-91)**
Swan, Betsy Woodruff (September 15, 2022). ["Trump's Save America paid \$3 million to cover top lawyer's legal work"](https://www.politico.com/news/2022/09/15/trumps-save-america-paid-3-million-to-cover-top-lawyers-legal-work-00056968). *Politico*. [Archived](https://web.archive.org/web/20250201083906/https://www.politico.com/news/2022/09/15/trumps-save-america-paid-3-million-to-cover-top-lawyers-legal-work-00056968) from the original on February 1, 2025. Retrieved September 16, 2022.
91. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-92)**
Breuninger, Kevin (March 9, 2021). ["Trump tells donors to give money to him, not Republicans 'in name only'"](https://www.cnbc.com/2021/03/09/trump-tells-donors-to-give-him-money-not-republicans-in-name-only.html). *CNBC*. [Archived](https://web.archive.org/web/20240323094648/https://www.cnbc.com/2021/03/09/trump-tells-donors-to-give-him-money-not-republicans-in-name-only.html) from the original on March 23, 2024. Retrieved March 13, 2021.
92. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-93)**
Breuninger, Kevin (March 10, 2021). ["GOP praises Trump after he urges Republican donors to send money directly to him"](https://www.cnbc.com/2021/03/10/gop-praises-trump-after-he-urges-republican-donors-to-send-money-directly-to-him.html). *CNBC*. [Archived](https://web.archive.org/web/20250306163958/https://www.cnbc.com/2021/03/10/gop-praises-trump-after-he-urges-republican-donors-to-send-money-directly-to-him.html) from the original on March 6, 2025. Retrieved March 13, 2021.
93. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-94)**
Date, S.V. (March 3, 2021). ["Self-Proclaimed Billionaire Trump Now Begging Small-Dollar Donors For Money"](https://www.huffpost.com/entry/trump-begging-donor-money_n_603ff9f6c5b601179ec24b65). *HuffPost*. [Archived](https://web.archive.org/web/20240125020602/https://www.huffpost.com/entry/trump-begging-donor-money_n_603ff9f6c5b601179ec24b65) from the original on January 25, 2024. Retrieved March 5, 2021.
94. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-95)**
Corasaniti, Nick; Goldmacher, Shane (May 5, 2021). ["Facebook Ban Hits Trump Where It Hurts: Messaging and Money"](https://www.nytimes.com/2021/05/05/us/politics/trump-facebook-fundraising.html). *The New York Times*. [ISSN](https://en.wikipedia.org/wiki/ISSN_\(identifier\) "ISSN (identifier)") [0362-4331](https://search.worldcat.org/issn/0362-4331). [Archived](https://web.archive.org/web/20241012050509/https://www.nytimes.com/2021/05/05/us/politics/trump-facebook-fundraising.html) from the original on October 12, 2024. Retrieved May 5, 2021.
95. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-96)**
Dawsey, Josh; Helderman, Rosalind (July 22, 2022). ["Trump's PAC collected \$75 million this year, but so far the group has not put money into pushing for the 2020 ballot reviews he touts"](https://web.archive.org/web/20240828015807/https://www.washingtonpost.com/politics/trump-pac-ballot-reviews/2021/07/22/d451fcaa-e596-11eb-934f-7e6c1927f261_story.html). *The Washington Post*. Archived from [the original](https://www.washingtonpost.com/politics/trump-pac-ballot-reviews/2021/07/22/d451fcaa-e596-11eb-934f-7e6c1927f261_story.html) on August 28, 2024. Retrieved July 24, 2021.
96. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-97)**
Schouten, Fredreka (August 1, 2021). ["Donald Trump's political organization builds war chest topping \$100 million"](https://www.cnn.com/2021/07/31/politics/donald-trump-fundraising-first-half-2021/index.html). *CNN*. [Archived](https://web.archive.org/web/20240924085937/https://www.cnn.com/2021/07/31/politics/donald-trump-fundraising-first-half-2021/index.html) from the original on September 24, 2024. Retrieved August 2, 2021.
97. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-98)**
Orr, Gabby; Grayer, Annie (January 24, 2022). ["Trump's team is directing allies to a January 6 legal defense fund"](https://www.cnn.com/2022/01/24/politics/trump-january-6-legal-defense-fund/index.html). *CNN*. [Archived](https://web.archive.org/web/20250228221743/https://www.cnn.com/2022/01/24/politics/trump-january-6-legal-defense-fund/index.html) from the original on February 28, 2025. Retrieved January 24, 2022.
98. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-99)**
Allen, Jonathan; Smith, Allan (April 7, 2022). ["Trump is sitting on a fortune. Republicans want it for the midterms"](https://www.nbcnews.com/politics/2022-election/trumps-fundraising-eyed-gop-wants-midterms-rcna22640). *NBC News*. [Archived](https://web.archive.org/web/20241130165637/https://www.nbcnews.com/politics/2022-election/trumps-fundraising-eyed-gop-wants-midterms-rcna22640) from the original on November 30, 2024. Retrieved April 7, 2022.
99. ^ [***a***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-SubpoenaPAC_100-0) [***b***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-SubpoenaPAC_100-1)
Colvin, Jill; Slodysko, Brian; Tucker, Eric (September 13, 2022). ["Trump's PAC faces scrutiny amid intensifying legal probes"](https://www.kktv.com/2022/09/13/trumps-pac-faces-scrutiny-amid-intensifying-legal-probes/). *KKTV 11 News*. [Archived](https://web.archive.org/web/20231001235456/https://www.kktv.com/2022/09/13/trumps-pac-faces-scrutiny-amid-intensifying-legal-probes/) from the original on October 1, 2023. Retrieved September 13, 2022.
100. ^ [***a***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-91percentOverhead_101-0) [***b***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-91percentOverhead_101-1)
Papenfuss, Mary (October 17, 2022). ["Trump Fundraising Overhead Soaks Up 91 Cents Of Each Donor Dollar: Report"](https://www.huffpost.com/entry/donald-trump-fundraising-pac-expenses_n_634cc4dbe4b08e0e6084f0bd). *HuffPost*. [Archived](https://web.archive.org/web/20231229223141/https://www.huffpost.com/entry/donald-trump-fundraising-pac-expenses_n_634cc4dbe4b08e0e6084f0bd) from the original on December 29, 2023. Retrieved October 17, 2022.
101. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-102)**
Date, S.V. (December 14, 2022). ["Trump Hoarded Most Of The \$147 Million In Small-Donor Money He Raised For Himself"](https://www.huffpost.com/entry/trump-campaign-hoarder_n_639a3c77e4b015bb57421383). *HuffPost*. [Archived](https://web.archive.org/web/20250305193620/https://www.huffpost.com/entry/trump-campaign-hoarder_n_639a3c77e4b015bb57421383) from the original on March 5, 2025. Retrieved December 15, 2022.
102. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-103)**
Visser, Nick (January 31, 2024). ["Donald Trump PACs Reportedly Spent \$50 Million In Donor Funds On Legal Fees Last Year"](https://www.huffpost.com/entry/donald-trump-pac-legal-fees-50-million_n_65b9d93ae4b01c5c3a38c1cd). *HuffPost*. [Archived](https://web.archive.org/web/20241123004339/https://www.huffpost.com/entry/donald-trump-pac-legal-fees-50-million_n_65b9d93ae4b01c5c3a38c1cd) from the original on November 23, 2024. Retrieved January 31, 2024.
103. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-104)**
Date, S.V. (February 1, 2024). ["Trump Spent \$30 Million Raised From Small-Dollar Donors On Legal Bills In Last 6 Months"](https://www.huffpost.com/entry/donald-trump-donors-lawyer-fees-federal-election-commission-filing_n_65bb090de4b05c8779f7d0ad). *HuffPost*. [Archived](https://web.archive.org/web/20250313112714/https://www.huffpost.com/entry/donald-trump-donors-lawyer-fees-federal-election-commission-filing_n_65bb090de4b05c8779f7d0ad) from the original on March 13, 2025. Retrieved February 1, 2024.
104. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-105)**
Date, S.V. (December 7, 2024). ["Trump Sends Another \$4.3 Million Of Donors' Money To His Lawyers"](https://www.huffpost.com/entry/trump-donors-lawyers_n_67539582e4b0b9c809f83d0b). *HuffPost*. [Archived](https://web.archive.org/web/20250330094329/https://www.huffpost.com/entry/trump-donors-lawyers_n_67539582e4b0b9c809f83d0b) from the original on March 30, 2025. Retrieved December 7, 2024.
105. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-106)**
Karl, Jonathan; Kim, Soo Rin (July 27, 2022). ["RNC warning to Trump: If you run for president, we stop paying your legal bills, says official"](https://abcnews.go.com/US/rnc-warning-trump-run-president-stop-paying-legal/story?id=87486985). *ABC News*. [Archived](https://web.archive.org/web/20250403064151/https://abcnews.go.com/US/rnc-warning-trump-run-president-stop-paying-legal/story?id=87486985) from the original on April 3, 2025. Retrieved August 10, 2022.
106. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-107)**
Date, S.V. (February 15, 2024). ["Trump's Takeover Of RNC Could Mean Party Donors Will Pay His Legal Bills Again"](https://www.huffpost.com/entry/donald-trump-republican-national-committee-legal-fees_n_65cd224ae4b02493f348997f). *HuffPost*. Retrieved February 17, 2024.
107. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-108)**
Peterson, Kristina (March 7, 2024). ["Ronna McDaniel Shows Why Nearly Every Alliance With Trump Eventually Frays"](https://www.wsj.com/politics/elections/ronna-mcdaniel-shows-why-nearly-every-alliance-with-trump-eventually-frays-7d3bc55a?mod=hp_lead_pos9). *The Wall Street Journal*. [Archived](https://web.archive.org/web/20240308034025/https://www.wsj.com/politics/elections/ronna-mcdaniel-shows-why-nearly-every-alliance-with-trump-eventually-frays-7d3bc55a?mod=hp_lead_pos9) from the original on March 8, 2024. Retrieved April 23, 2025.
108. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-109)**
Jackson, David (March 8, 2024). ["Donald Trump's Republican Party elects new leadership – including Lara Trump"](https://www.usatoday.com/story/news/politics/elections/2024/03/08/donald-trump-gop-rnc-lara-trump/72885304007/). *[USA Today](https://en.wikipedia.org/wiki/USA_Today "USA Today")*. [Archived](https://web.archive.org/web/20250126123416/https://www.usatoday.com/story/news/politics/elections/2024/03/08/donald-trump-gop-rnc-lara-trump/72885304007/) from the original on January 26, 2025. Retrieved March 8, 2024.
109. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-110)**
Date, S.V. (March 21, 2024). ["RNC Already Helping Raise Money For Trump's Legal Bills, Despite Campaign's Claims"](https://www.huffpost.com/entry/rnc-raising-money-trump-legal-bills_n_65fc8ddce4b01d7420ad3ba5). *HuffPost*. [Archived](https://web.archive.org/web/20241226030334/https://www.huffpost.com/entry/rnc-raising-money-trump-legal-bills_n_65fc8ddce4b01d7420ad3ba5) from the original on December 26, 2024. Retrieved March 22, 2024.
110. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-111)**
Goldmacher, Shane (April 3, 2021). ["How Trump Steered Supporters Into Unwitting Donations"](https://www.nytimes.com/2021/04/03/us/politics/trump-donations.html). *The New York Times*. [ISSN](https://en.wikipedia.org/wiki/ISSN_\(identifier\) "ISSN (identifier)") [0362-4331](https://search.worldcat.org/issn/0362-4331). [Archived](https://web.archive.org/web/20250415073757/https://www.nytimes.com/2021/04/03/us/politics/trump-donations.html) from the original on April 15, 2025. Retrieved April 4, 2021.
111. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-112)**
Goldmacher, Shane (August 7, 2021). ["Trump's Repeating Donation Tactics Led to Millions in Refunds Into 2021"](https://www.nytimes.com/2021/08/07/us/politics/trump-recurring-donations.html). *The New York Times*. [ISSN](https://en.wikipedia.org/wiki/ISSN_\(identifier\) "ISSN (identifier)") [0362-4331](https://search.worldcat.org/issn/0362-4331). [Archived](https://web.archive.org/web/20250412162002/https://www.nytimes.com/2021/08/07/us/politics/trump-recurring-donations.html) from the original on April 12, 2025. Retrieved August 7, 2021.
112. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-113)**
Rissman, Kelly (September 11, 2022). ["Report: Federal Grand Jury Eyeing Trump's Save America PAC"](https://www.vanityfair.com/news/2022/09/report-federal-grand-jury-eyeing-trumps-save-america-pac). *Vanity Fair*. [Archived](https://web.archive.org/web/20250130113726/https://www.vanityfair.com/news/2022/09/report-federal-grand-jury-eyeing-trumps-save-america-pac) from the original on January 30, 2025. Retrieved April 24, 2025.
113. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-114)**
["Opinion \| How Much Can One Man Make From Being President?"](https://www.nytimes.com/interactive/2026/01/20/opinion/editorials/trump-wealth-crypto-graft.html). *The New York Times*. January 20, 2026. [ISSN](https://en.wikipedia.org/wiki/ISSN_\(identifier\) "ISSN (identifier)") [0362-4331](https://search.worldcat.org/issn/0362-4331). Retrieved February 13, 2026.
114. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-115)**
Baldor, Lolita (May 21, 2025). ["Defense Department Accepts Boeing 747 From Qatar For Trump's Use"](https://www.huffpost.com/entry/defense-department-accepts-boeing-747-from-qatar-for-trumps-use_n_682e2274e4b05544a320173c). *HuffPost*. Retrieved May 21, 2025.
115. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-116)**
Karl, Jonathan; Faulders, Katherine (May 11, 2025). ["Trump administration poised to accept 'palace in the sky' as a gift for Trump from Qatar: Sources"](https://abcnews.go.com/Politics/trump-administration-poised-accept-palace-sky-gift-trump/story?id=121680511). *ABC News*. Retrieved May 11, 2025.
116. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-WAPO_117-0)**
Bertrand, Alex Marquardt, Kristen Holmes, Natasha (May 19, 2025). ["Sources contradict Trump narrative about Qatar offering plane as 'gift' \| CNN Politics"](https://edition.cnn.com/2025/05/19/politics/trump-adminstration-approached-qatar-jet). *CNN*. Retrieved June 2, 2025.
`{{cite news}}`: CS1 maint: multiple names: authors list ([link](https://en.wikipedia.org/wiki/Category:CS1_maint:_multiple_names:_authors_list "Category:CS1 maint: multiple names: authors list"))
117. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-118)**
Bertrand, Natasha (June 5, 2025). ["Qatari jet that could be new Air Force One will 'probably' cost less than \$400 million to retrofit, Air Force Secretary says"](https://www.cnn.com/2025/06/05/politics/qatari-plane-air-force-one-cost). *CNN*. Retrieved June 9, 2025.
118. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-119)**
Skores, Alexandra (August 10, 2025). ["Trump says Qatari jet could be ready for use as Air Force One in 6 months. Experts are deeply skeptical"](https://www.cnn.com/2025/08/10/politics/qatar-jet-trump-air-force). *CNN*. Retrieved August 10, 2025.
119. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-120)**
Trump, Donald (September 29, 2025). ["Assuring the Security of the State of Qatar"](https://www.whitehouse.gov/presidential-actions/2025/09/assuring-the-security-of-the-state-of-qatar/). *The White House*. Retrieved October 2, 2025.
120. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-121)**
Date, S. V. (October 1, 2025). ["Trump Quietly Grants Defense Guarantee To Autocracy That Gave Him A Luxury Jet"](https://www.huffpost.com/entry/trump-qatar-defense-luxury-jet_n_68dda9fae4b0c450ba64f847). *HuffPost*. Retrieved October 2, 2025.
121. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-122)**
Rizzo, Lillian (October 10, 2025). ["Qatar Air Force facility to be built at USAF base in Idaho, Defense Secretary Hegseth says"](https://www.cnbc.com/amp/2025/10/10/us-qatar-air-force-idaho-hegseth-defense.html). *CNBC*. Retrieved October 10, 2025.
122. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-123)**
Margaritoff, Marco (October 11, 2025). ["Social Media Critics Slam Trump Admin For 'Continual Corrections' After Hegseth Blunder"](https://www.huffpost.com/entry/pete-hegseth-slammed-mixed-messages-qatar-air-force-deal_n_68eab01ce4b0603b42c6ac87). *HuffPost*. Retrieved October 12, 2025.
123. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-124)**
["Exclusive: US gets first \$500 million Venezuelan oil deal, holding some proceeds in Qatar"](http://web.archive.org/web/20260115170050/https://www.semafor.com/article/01/14/2026/us-gets-first-500-million-venezuelan-oil-deal-holding-some-proceeds-in-qatar). Archived from [the original](https://www.semafor.com/article/01/14/2026/us-gets-first-500-million-venezuelan-oil-deal-holding-some-proceeds-in-qatar) on January 15, 2026. Retrieved January 15, 2026.
124. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-125)**
Khan, Melina (June 16, 2025). ["Trump Organization launches Trump Mobile, a new cell service branded in president's name"](https://www.usatoday.com/story/money/2025/06/16/trump-mobile-cellphone-network/84225851007/). *USA Today*. Retrieved June 16, 2025.
125. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-126)**
Mazza, Ed (July 1, 2025). ["'How Is This Legal?': Critics Say Trump's Latest 'Grift' Literally Stinks"](https://www.huffpost.com/entry/trump-colognes-perfumes_n_68633564e4b0f166350cec14). *HuffPost*. Retrieved July 1, 2025.
126. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-127)**
Margaritoff, Marco (August 27, 2025). ["Trump's Latest Brag Has Critics Fuming: 'Imagine If Obama Tweeted This'"](https://www.huffpost.com/entry/trump-boasts-raising-15-billion-since-2024-election_n_68af0a6ae4b0481ccdf11b0e). *HuffPost*. Retrieved August 27, 2025.
127. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-128)**
Bendery, Jennifer (September 24, 2025). ["Democrats Send A Warning To Law Firms That Cut A Deal With Trump"](https://www.huffpost.com/entry/democrats-law-firms-caved-trump-investigations_n_68d431b1e4b0ca9d8816c3db). *HuffPost*. Retrieved September 25, 2025.
128. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-129)**
Bose, Nandita (November 16, 2025). ["Trump Buys At Least \$82 Million In Bonds Since Late August, Disclosures Show"](https://www.huffpost.com/entry/trump-buys-82-million-bonds-since-late-august-disclosures-show_n_69193565e4b0b43a45c0bb78). *HuffPost*. Retrieved November 16, 2025.
129. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-Forbes1982-_130-0)**
Source for years 1982–2000:
["Here's How Much Donald Trump Is Worth"](https://web.archive.org/web/20231110003952/https://www.forbes.com/sites/danalexander/article/the-definitive-networth-of-donaldtrump/). *[Forbes](https://en.wikipedia.org/wiki/Forbes "Forbes")*. October 3, 2023. Archived from [the original](https://www.forbes.com/sites/danalexander/article/the-definitive-networth-of-donaldtrump/) on November 10, 2023. Retrieved March 28, 2026.
Data is not available for 1990 through 1995 because Trump was not included in the [*Forbes* 400](https://en.wikipedia.org/wiki/Forbes_400 "Forbes 400") list.
130. **[^](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-Forbes2001-_131-0)**
Source for years 2001–2026:
["Here's How Much Donald Trump Is Worth"](https://www.forbes.com/sites/danalexander/article/the-definitive-networth-of-donaldtrump/). *[Forbes](https://en.wikipedia.org/wiki/Forbes "Forbes")*. March 25, 2026. [Archived](https://web.archive.org/web/20260325200507/https://www.forbes.com/sites/danalexander/article/the-definitive-networth-of-donaldtrump/) from the original on March 25, 2026.
131. ^ [***a***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-Melby19July_132-0) [***b***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-Melby19July_132-1) [***c***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-Melby19July_132-2) [***d***](https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump#cite_ref-Melby19July_132-3)
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