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URLhttps://parade.com/celebrities/donald-trump-net-worth
Last Crawled2026-04-11 17:02:37 (2 days ago)
First Indexed2025-03-27 13:48:09 (1 year ago)
HTTP Status Code200
Meta TitleDonald Trump's Net Worth (2026)—Inheritance, Lawsuits - Parade
Meta DescriptionHere's everything you need to know about President Donald Trump's net worth in 2026, including how much he makes as president.
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Donald Trump ’s net worth has been a subject of fascination for decades, arguably since he took over his father Fred Trump ’s real-estate business in the 1970s and set up shop in the glitzy Trump Tower on Manhattan’s Fifth Avenue in the 1980s. How could it not be? He built his public image around wealth, flaunting his money both on national television (as host of The Apprentice ) as well as the campaign trail (“I’m really rich,” he told the American people the first time he ran for president). But just how rich is Donald Trump, really? Keep reading for a look at the 45th and 47th president’s net worth, how he acquired his wealth, and what debts he owes today. 🎬 SIGN UP for Parade’s Daily newsletter to get the latest pop culture news & celebrity interviews delivered right to your inbox 🎬 How did Donald Trump make his money? Donald Trump has claimed for decades to be a self-made billionaire who turned a single $1 million loan from his father, the late New York City builder Fred Trump, into a real-estate empire that includes hotels, casinos, golf courses and more. “I built what I built myself,” he once said . But in 2018, The New York Times turned that narrative on its head. “In all, the president’s parents transferred well over $1 billion in wealth to their children,” the outlet reported . (Donald Trump was the fourth of five kids.) According to the investigation, by the time Trump graduated from the Wharton School of Business, he was getting the equivalent of $1 million a year from his father, a sum that shot up to more than $5 million a year once the future president reached his 40s and 50s. “The reporting makes clear that in every era of Mr. Trump’s life, his finances were deeply intertwined with, and dependent on, his father’s wealth,” the Times stated. Trump took over his father’s company in 1971 and renamed it the Trump Organization two years later. But where Fred Trump largely made his fortune by building low-income housing in New York’s outer-boroughs, Donald bet on luxury towers in Manhattan. One of his earliest deals was to partner with the Hyatt Organization to buy the Commodore Hotel (renamed the Grand Hyatt) in 1976. Twenty years later, he sold his half-share of the hotel to Hyatt for $142 million. In 1983, the rising real-estate tycoon moved into Trump Tower on Fifth Avenue, which his father’s money helped build and where he lived in one of the penthouses for many years (he still owns his triplex there, as well as retail and office space). The building helped him establish the Trump name as a brand in and of itself—one that the younger Trump could (and would) go on to license for products, properties, hotels, golf courses and more, allowing him to pocket royalties and licensing fees without taking on the full financial burden of ownership. Real-estate deals aside, Trump gained mainstream success —and boosted his wealth—as host of The Apprentice , which ran from 2004 to 2017, with him at the helm until 2015. Then, of course, came the presidency. In and of itself, the gig hasn’t lined Trump’s pockets (he decided to forgo the office’s $400,000 salary the first time around). But overall, the position has helped his branding and enriched him considerably. For instance, just before his second inauguration he launched a meme coin ($Trump) that, according to Axios , accounted for 89 percent of his net worth at the time. How much did Donald Trump inherit from his father? A 2018 investigation by The New York Times found that Trump pocketed $413 million from his father’s real estate empire over the years, when adjusted for inflation, and that the now president engaged in questionable tax schemes to achieve that degree of windfall (through his lawyer, Trump denied any wrongdoing to the Times ). Upon his father’s death in 1999, Trump and his surviving siblings (his older brother, Fred Jr. , died of alcoholism in 1981, at the age of 43) were the recipients of the Trump patriarch’s real estate portfolio, which they sold in 2004 for $700 million. Trump’s cut, per The New York Times , was $177.3 million, or nearly 300 million in today’s dollars. According to Forbes , Trump’s net worth is $6.6 billion. Related: Joe Biden’s Net Worth in 2026 What was Donald Trump’s net worth in 2015, before becoming president? Forbes put Trump’s net worth in 2015 at $4.5 billion, which was less than half what he claimed it to be at the time. The discrepancy seemed to get under his skin. “I’m running for president,” Trump told the magazine . “I’m worth much more than you have me down [for]. I don’t look good, to be honest. I mean, I look better if I’m worth $10 billion than if I’m worth $4 billion.” He added, “And look, all I can say is Forbes is a bankrupt magazine, doesn’t know what they’re talking about. That’s all I’m gonna say. ‘Cause it’s embarrassing to me.” Is Donald Trump a billionaire? Yes. His estimated net worth according to the most recent data provided by Forbes is $6.6 billion. Does Donald Trump own Trump Tower? Trump owns office and retail space in the tower, as well as the triplex penthouse he once called home, but he does not own the entire building outright. How much is Trump Tower worth? According to a  2024 Forbes report , the net value of the Trump Tower is $97 million. How many New York City buildings does Donald Trump own? Because Trump licenses his name to other developers—a way for him to make money without taking on risk or liability—“Trump” appears on many buildings in New York City (and around the world). But that doesn’t mean he owns them. Here’s a look at his New York City portfolio ( via Curbed ): Trump International Hotel and Tower (he owns the service areas) Trump Tower (he owns retail and office space plus a triplex penthouse) The Trump Building (he owns the ground lease) 1290 Avenue of the Americas (he owns a 30 percent stake) Trump Park Avenue (he may own “some units,” per Curbed ) ‘Niketown’ (he owns the ground lease) Trump Parc and Trump Parc East (he may own some units) 167 East 61st Street—formerly Trump Plaza (he may own some units; he leases “the retail portion of the building and the garage,” per Curbed ) Buildings that have had his name on them that he never owned in any capacity include: Trump World Tower 200 East 69th Street (formerly known as Trump Palace) 140, 160, 180, 200, 220, and 240 Riverside Boulevard (formerly known as Trump Place) The Dominick Hotel (formerly known as Trump SoHo) Trump Golf Links at Ferry Point How much does Trump owe in his New York civil fraud case? In September 2022, New York Attorney General Letitia James filed a lawsuit against Trump and several Trump Organization executives for engaging in financial fraud and illegal conduct, the accusation being that they lied for years about Trump’s wealth in order to secure more favorable deals on loans and insurance coverage. In February 2024, a judge ordered in favor of the attorney general, ordering Trump to pay more than $355 million plus interest (an annual rate of 9 percent in New York). The total due as of January 2025 was just over half a billion dollars, with Trump personally owing $490 million, and that sum continues to grow by about $100,000 per day while the judgment is on appeal. How much does Trump owe E. Jean Carroll? Writer E. Jean Carroll sued Trump twice after she publicly accused him of raping her in a Bergdorf Goodman dressing room in the 1990s and he in turn verbally attacked her and said she wasn’t his “type.” Forbes estimates Trump owes Carroll approximately $91 million total: $5.3 million for the first trial, for sexual abuse and defamation; and $85.3 million for the second, for defamation. Who owns Mar-a-lago? Donald Trump is the proud owner of Mar-a-lago, the nearly 17-acre waterfront property on Palm Beach’s Billionaires’ Row. He bought it in 1985 for $10 million . How much is Mar-a-lago worth? Depends who you ask. As part of his civil trial in New York, Trump testified that he believed Mar-a-Lago was worth between $1 billion and $1.5 billion. But that’s 40 times the $37 million appraisal it got from the local appraiser’s office. Perhaps it’s somewhere in between. The Wall Street Journal points out that Palm Beach sales on homes with “significantly less acreage” than Mar-a-lago have gone for upwards of $150 million. Rush Limbaugh ’s 2.7-acre property, for instance, sold for $155 million in 2023. Stock prices for Trump Media & Technology Group, which owns Truth Social, tend to rise and fall depending on how Trump is faring in the news cycle. Just before his second inauguration in January 2025, for example, share prices spiked 20 percent, bumping his net worth up to an estimated $7 billion, according to Forbes . But in March, it saw its lowest trading price in five months , causing his net worth to drop by $300 million. At one point in October 2024, Trump’s Truth Social surpassed Elon Musk ’s X in worth, valued at the time at over $10 billion (compared with X’s $9.4 billion). Related: Find Out Elon Musk’s Net Worth What is Donald Trump’s salary? As president, Trump makes $400,000 per year . He also receives $50,000 for expenses related to official duties, a $100,000 travel budget and a $19,000 entertainment allowance. Why did Donald Trump file for bankruptcy? Trump himself has never filed for bankruptcy, but several of his companies have filed for Chapter 11 bankruptcy (meaning they could still stay in business despite having their debt erased)—for a total of six filings since 1991. Does Donald Trump pay taxes? Yes, but the amount he pays—which is next to nothing—has courted controversy over the years. In 2020, The New York Times reported on a leak of Trump’s tax returns spanning over two decades. According to their investigation, Trump paid only $750 in federal income taxes in 2016, the year he was elected president, as well as 2017. Furthermore, the investigation found that he took deductions on expenses that would ordinarily be considered personal ones, such as $70,000 in hairstyling for television. How much did Donald Trump make doing The Apprentice ? According to a tax analysis from The New York Times , Trump earned about $197 million directly from The Apprentice . But that’s to say nothing of the business and licensing deals he was able to strike as a result of the show’s popularity, which the Times valued at about $230 million. How much did Donald Trump make per episode of The Apprentice ? At the start of the series, Trump was making $25,000 per episode. But as chronicled in Apprentice in Wonderland: How Donald Trump and Mark Burnett Took America Through the Looking Glass , he demanded a big raise for season two. “Friends had six people,” Trump told author Ramin Setoodeh ( via People ). “They’re getting $1 million an episode each. That’s $6 million. So if they’re getting $6 million, and I have higher ratings than they do—because this is the end of Friends , and they were fading out—I said, ‘You should pay me $6 million an episode.’” NBC rejected his proposal and reportedly threatened to cut ties. But eventually they returned with a deal that Trump referred to as “a fortune.” How much did Trump make from the Miss Universe, Miss USA and Miss Teen USA Pageants? Trump co-owned the Miss Universe Organization, which included the Miss USA and Miss Teen USA pageants, from 1996 to 2015, at which point he sold it to the talent agency WME-IMG. The terms of the deal were undisclosed, but The New York Post reported that WME-IMG paid $28 million and assumed liabilities in the deal. About the author
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[Celebs](https://parade.com/celebrities/) # Donald Trump’s Net Worth in 2026 and How Much He Still Owes in Civil Suits For the 45th and 47th president, wealth has always been central to his narrative. Jan 1, 2026 11:06 AM EST ![](https://parade.com/.image/MTkwNTc1ODgwMDM2MDk5MTk3/e90bfc9b61bed91be9f18721bbce9343-s-600-d-mm-r-g.jpg?io=1&profile=w256&ar=1-1) By [Parade](https://parade.com/author/parade) 0 [Add us on](https://www.google.com/preferences/source?q=parade.com) ![U.S. President Donald Trump delivers remarks in the Roosevelt Room of the White House March 24, 2025 in Washington, DC. During the event, it was announced that Hyundai will invest \$20 billion in U.S. manufacturing, including a \$5 billion investment in a Louisiana steel factory that will produce 1,500 jobs.](https://parade.com/.image/MjEzNzY0MTMyNzc4ODEzMjc3/donald-trumps-net-worth.jpg?io=1&profile=w2560&ar=4-3) U.S. President Donald Trump delivers remarks in the Roosevelt Room of the White House March 24, 2025 in Washington, D.C.[Win McNamee/Getty Images](https://www.gettyimages.com/detail/2206712279) Related Articles [View post: I Tested 12 Pizza Cutters To Cut Dozens of Slices—Here Are 8 Winners and 4 To Skip](https://parade.com/food/best-pizza-cutters)![](https://parade.com/.image/ODowMDAwMDAwMDAxODI1NTQ0/pizza-cutters-2.jpg?io=1&profile=w256&ar=1-1) Food & Drink [I Tested 12 Pizza Cutters To Cut Dozens of Slices—Here Are 8 Winners and 4 To Skip](https://parade.com/food/best-pizza-cutters) Theresa Greco [View post: 1978 Wedding Between The Queen Of Soul And A Celebrated Actor Was Held 48 Years Ago Today](https://parade.com/news/1978-wedding-between-the-queen-of-soul-and-a-celebrated-actor-was-held-48-years-ago-today)![](https://parade.com/.image/ODowMDAwMDAwMDAxODY2NDI3/singer-aretha-franklin-performs-at-the-chicago-theater.jpg?io=1&profile=w256&ar=1-1) News [1978 Wedding Between The Queen Of Soul And A Celebrated Actor Was Held 48 Years Ago Today](https://parade.com/news/1978-wedding-between-the-queen-of-soul-and-a-celebrated-actor-was-held-48-years-ago-today) Holly Riordan [View post: These 4 Zodiac Signs Carry Old-Soul Wisdom](https://parade.com/astrology/most-old-soul-wisdom-zodiac-signs)![](https://parade.com/.image/ODowMDAwMDAwMDAxODYwMDcz/portrait-of-joyful-young-women-in-black-red-poncho-posing-against-vintage-building-stockpack-gettyimages.jpg?io=1&profile=w256&ar=1-1&x=48&y=25) Astrology [These 4 Zodiac Signs Carry Old-Soul Wisdom](https://parade.com/astrology/most-old-soul-wisdom-zodiac-signs) Lisa Stardust [View post: 1982 No. 1 Soft Rock Classic Won an Oscar for 'Best Original Song' 44 Years Ago](https://parade.com/news/1982-no-1-soft-rock-classic-won-an-oscar-for-best-original-song-44-years-ago)![](https://parade.com/.image/ODowMDAwMDAwMDAxODY0MzEy/joe-cocker-file-photos.jpg?io=1&profile=w256&ar=1-1) News [1982 No. 1 Soft Rock Classic Won an Oscar for 'Best Original Song' 44 Years Ago](https://parade.com/news/1982-no-1-soft-rock-classic-won-an-oscar-for-best-original-song-44-years-ago) Gabriela Silva **[Donald Trump](https://parade.com/celebrities/donald-trump-net-worth)**’s net worth has been a subject of fascination for decades, arguably since he took over his father **Fred Trump**’s real-estate business in the 1970s and set up shop in the glitzy Trump Tower on Manhattan’s Fifth Avenue in the 1980s. How could it not be? He built his public image around wealth, flaunting his money both on national television (as host of *The Apprentice*) as well as the campaign trail (“I’m really rich,” he told the American people the first time he ran for president). But just how rich is Donald Trump, really? Keep reading for a look at the 45th and 47th president’s net worth, how he acquired his wealth, and what debts he owes today. **🎬 [SIGN UP for Parade’s Daily newsletter to get the latest pop culture news & celebrity interviews delivered right to your inbox](https://parade.com/newsletters/daily?utm_source=article&utm_medium=top) 🎬** ## How did Donald Trump make his money? Donald Trump has claimed for decades to be a self-made billionaire who turned a single \$1 million loan from his father, the late New York City builder Fred Trump, into a real-estate empire that includes hotels, casinos, golf courses and more. “I built what I built myself,” he [once said](https://www.nytimes.com/2018/10/02/us/politics/donald-trump-wealth-fred-trump.html). But in 2018, *The New York Times* turned that narrative on its head. “In all, the president’s parents transferred well over \$1 billion in wealth to their children,” [the outlet reported](https://www.nytimes.com/2018/10/02/us/politics/donald-trump-wealth-fred-trump.html). (Donald Trump was the fourth of five kids.) According to the investigation, by the time Trump graduated from the Wharton School of Business, he was getting the equivalent of \$1 million a year from his father, a sum that shot up to more than \$5 million a year once the future president reached his 40s and 50s. “The reporting makes clear that in every era of Mr. Trump’s life, his finances were deeply intertwined with, and dependent on, his father’s wealth,” the *Times* stated. Trump took over his father’s company in 1971 and renamed it the Trump Organization two years later. But where Fred Trump largely made his fortune by building low-income housing in New York’s outer-boroughs, Donald bet on luxury towers in Manhattan. One of his earliest deals was to partner with the Hyatt Organization to buy the Commodore Hotel (renamed the Grand Hyatt) in 1976. Twenty years later, he [sold his half-share](https://www.trump.com/commercial-real-estate-portfolio/the-grand-hyatt-hotel) of the hotel to Hyatt for \$142 million. In 1983, the rising real-estate tycoon moved into Trump Tower on Fifth Avenue, which his father’s money helped build and where he lived in one of the penthouses for many years (he still owns his triplex there, as well as retail and office space). The building helped him establish the Trump name as a brand in and of itself—one that the younger Trump could (and would) go on to license for products, properties, hotels, golf courses and more, allowing him to pocket royalties and licensing fees without taking on the full financial burden of ownership. Real-estate deals aside, Trump gained mainstream [success](https://parade.com/living/success-quotes)—and boosted his wealth—as host of *The Apprentice*, which ran from 2004 to 2017, with him at the helm until 2015. Then, of course, came the presidency. In and of itself, the gig hasn’t lined Trump’s pockets (he decided to forgo the office’s \$400,000 salary the first time around). But overall, the position has helped his branding and enriched him considerably. For instance, just before his second inauguration he launched a meme coin (\$Trump) that, [according to *Axios*](https://www.axios.com/2025/01/19/donald-trump-crypto-billionaire), accounted for 89 percent of his net worth at the time. ## How much did Donald Trump inherit from his father? A 2018 [investigation](https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html) by *The New York Times* found that Trump pocketed \$413 million from his father’s real estate empire over the years, when adjusted for inflation, and that the now president engaged in questionable tax schemes to achieve that degree of windfall (through his lawyer, Trump denied any wrongdoing to the *Times*). Upon his father’s death in 1999, Trump and his surviving siblings (his older brother, **Fred Jr.**, died of alcoholism in 1981, at the age of 43) were the recipients of the Trump patriarch’s real estate portfolio, which they sold in 2004 for \$700 million. Trump’s cut, per *The New York Times*, was \$177.3 million, or nearly 300 million in today’s dollars. ## What is Donald Trump’s net worth in 2026? [According to *Forbes*](https://www.forbes.com/profile/donald-trump/), Trump’s net worth is \$6.6 billion. **Related: [Joe Biden’s Net Worth in 2026](https://parade.com/celebrities/joe-biden-net-worth)** ## What was Donald Trump’s net worth in 2015, before becoming president? *Forbes* put Trump’s net worth in 2015 at \$4.5 billion, which was less than half what he claimed it to be at the time. The discrepancy seemed to get under his skin. “I’m running for president,” Trump [told the magazine](https://www.forbes.com/sites/randalllane/2015/09/29/inside-the-epic-fantasy-thats-driven-donald-trump-for-33-years/). “I’m worth much more than you have me down \[for\]. I don’t look good, to be honest. I mean, I look better if I’m worth \$10 billion than if I’m worth \$4 billion.” He added, “And look, all I can say is *Forbes* is a bankrupt magazine, doesn’t know what they’re talking about. That’s all I’m gonna say. ‘Cause it’s embarrassing to me.” ## Is Donald Trump a billionaire? Yes. His estimated net worth according to the most recent data provided by *Forbes* is \$6.6 billion. ## Does Donald Trump own Trump Tower? Trump owns office and retail space in the tower, as well as the triplex penthouse he once called home, but he does not own the entire building outright. ## How much is Trump Tower worth? According to a [2024 *Forbes* report](https://www.forbes.com/sites/danalexander/article/the-definitive-networth-of-donaldtrump/), the net value of the Trump Tower is \$97 million. ## How many New York City buildings does Donald Trump own? Because Trump licenses his name to other developers—a way for him to make money without taking on risk or liability—“Trump” appears on many buildings in New York City (and around the world). But that doesn’t mean he owns them. Here’s a look at his New York City portfolio ([via *Curbed*](https://www.curbed.com/article/trump-lawsuit-real-estate-nyc-property-letitia-james.html)): - Trump International Hotel and Tower (he owns the service areas) - Trump Tower (he owns retail and office space plus a triplex penthouse) - The Trump Building (he owns the ground lease) - 1290 Avenue of the Americas (he owns a 30 percent stake) - Trump Park Avenue (he may own “some units,” per *Curbed*) - ‘Niketown’ (he owns the ground lease) - Trump Parc and Trump Parc East (he may own some units) - 167 East 61st Street—formerly Trump Plaza (he may own some units; he leases “the retail portion of the building and the garage,” per *Curbed*) Buildings that have had his name on them that he never owned in any capacity include: - Trump World Tower - 200 East 69th Street (formerly known as Trump Palace) - 140, 160, 180, 200, 220, and 240 Riverside Boulevard (formerly known as Trump Place) - The Dominick Hotel (formerly known as Trump SoHo) - Trump Golf Links at Ferry Point ## How much does Trump owe in his New York civil fraud case? In September 2022, New York Attorney General **Letitia James** filed a lawsuit against Trump and several Trump Organization executives for engaging in financial fraud and illegal conduct, the accusation being that they lied for years about Trump’s wealth in order to secure more favorable deals on loans and insurance coverage. In February 2024, a judge ordered in favor of the attorney general, ordering Trump to pay more than \$355 million plus interest (an annual rate of 9 percent in New York). The total due as of January 2025 was just over half a billion dollars, with Trump personally owing \$490 million, and that sum continues to grow by about [\$100,000 per day](https://archive.ph/vaudQ#selection-955.0-963.34) while the judgment is on appeal. ## How much does Trump owe E. Jean Carroll? Writer E. Jean Carroll sued Trump twice after she publicly accused him of raping her in a Bergdorf Goodman dressing room in the [1990s](https://parade.com/1075273/jessicasager/90s-trivia/) and he in turn verbally attacked her and said she wasn’t his “type.” [*Forbes* estimates](https://www.forbes.com/sites/alisondurkee/2024/09/06/trump-now-owes-e-jean-carroll-over-90-million-with-interest-as-appeals-court-hears-first-case/) Trump owes Carroll approximately \$91 million total: \$5.3 million for the first trial, for sexual abuse and defamation; and \$85.3 million for the second, for defamation. ## Who owns Mar-a-lago? Donald Trump is the proud owner of Mar-a-lago, the nearly 17-acre waterfront property on Palm Beach’s Billionaires’ Row. He bought it in 1985 for [\$10 million](https://apnews.com/article/trump-maralago-lawsuit-palm-beach-51fea4e520b1901c1c045590b2a7bdc0). ## How much is Mar-a-lago worth? Depends who you ask. As part of his civil trial in New York, Trump [testified](https://www.wsj.com/real-estate/luxury-homes/donald-trump-mar-a-lago-worth-71c278a1) that he believed Mar-a-Lago was worth between \$1 billion and \$1.5 billion. But that’s 40 times the \$37 million appraisal it got from the local appraiser’s office. Perhaps it’s somewhere in between. *The Wall Street Journal* [points out](https://www.wsj.com/real-estate/luxury-homes/donald-trump-mar-a-lago-worth-71c278a1) that Palm Beach sales on homes with “significantly less acreage” than Mar-a-lago have gone for upwards of \$150 million. **Rush Limbaugh**’s 2.7-acre property, for instance, [sold for \$155 million](https://archive.ph/o/L46el/https://www.wsj.com/articles/rush-limbaughs-longtime-palm-beach-home-sells-for-155-million-f5e9bd31) in 2023. ## What is Trump’s Truth Social worth? Stock prices for Trump Media & Technology Group, which owns Truth Social, tend to rise and fall depending on how Trump is faring in the news cycle. Just before his second inauguration in January 2025, for example, share prices spiked 20 percent, bumping his net worth up to an estimated \$7 billion, [according to *Forbes*](https://www.forbes.com/sites/antoniopequenoiv/2025/01/13/trumps-net-worth-surges-to-7-billion-as-truth-social-parent-rallies/). But in March, it saw its lowest trading price in [five months](https://www.forbes.com/sites/antoniopequenoiv/2025/03/10/trumps-net-worth-slides-300-million-as-trump-media-shares-hit-5-month-low/), causing his net worth to drop by \$300 million. At one point in [October](https://parade.com/living/october-holidays-observances) 2024, Trump’s Truth Social [surpassed **Elon Musk**’s X](https://apnews.com/article/trump-media-stock-musk-x-social-5328feb1a782cc65bd05b7e30756b8db) in worth, valued at the time at over \$10 billion (compared with X’s \$9.4 billion). **Related: [Find Out Elon Musk’s Net Worth](https://parade.com/1364075/jessicasager/elon-musk-net-worth/)** ## What is Donald Trump’s salary? As president, Trump makes [\$400,000 per year](https://www.cbsnews.com/news/how-much-is-the-president-paid/). He also receives \$50,000 for expenses related to official duties, a \$100,000 travel budget and a \$19,000 entertainment allowance. ## Why did Donald Trump file for bankruptcy? Trump himself has never filed for bankruptcy, but several of his companies have filed for Chapter 11 bankruptcy (meaning they could still stay in business despite having their debt erased)—for a total of six filings since 1991. ## Does Donald Trump pay taxes? Yes, but the amount he pays—which is next to nothing—has courted controversy over the years. In 2020, *The New York Times* [reported](https://www.nytimes.com/2020/09/27/us/trump-taxes-takeaways.html) on a leak of Trump’s tax returns spanning over two decades. According to their investigation, Trump paid only \$750 in federal income taxes in 2016, the year he was elected president, as well as 2017. Furthermore, the investigation found that he took deductions on expenses that would ordinarily be considered personal ones, such as \$70,000 in hairstyling for television. ## How much did Donald Trump make doing *The Apprentice*? According to a [tax analysis](https://www.nytimes.com/interactive/2020/09/28/us/donald-trump-taxes-apprentice.html) from *The New York Times*, Trump earned about \$197 million directly from *The Apprentice*. But that’s to say nothing of the business and licensing deals he was able to strike as a result of the show’s popularity, which the *Times* valued at about \$230 million. ## How much did Donald Trump make per episode of *The Apprentice*? At the start of the series, Trump was making \$25,000 per episode. But as chronicled in *Apprentice in Wonderland: How Donald Trump and Mark Burnett Took America Through the Looking Glass*, he demanded a big raise for season two. *“Friends* had six people,” Trump told author **Ramin Setoodeh** ([via *People*](https://people.com/donald-trump-wanted-6-million-apprentice-salary-book-excerpt-8659327)). “They’re getting \$1 million an episode each. That’s \$6 million. So if they’re getting \$6 million, and I have higher ratings than they do—because this is the end of *Friends*, and they were fading out—I said, ‘You should pay me \$6 million an episode.’” [NBC](https://parade.com/tv/nbc-fall-schedule-2025-2026) rejected his proposal and reportedly threatened to cut ties. But eventually they returned with a deal that Trump referred to as “a fortune.” ## How much did Trump make from the Miss Universe, Miss USA and Miss Teen USA Pageants? Trump co-owned the Miss Universe Organization, which included the Miss USA and Miss Teen USA pageants, from 1996 to 2015, at which point he sold it to the talent agency WME-IMG. The terms of the deal were undisclosed, but *The New York Post* [reported](https://nypost.com/2015/10/10/donald-trumps-sale-of-miss-universe-actually-fell-short/) that WME-IMG paid \$28 million and assumed liabilities in the deal. 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Readable Markdown
**[Donald Trump](https://parade.com/celebrities/donald-trump-net-worth)**’s net worth has been a subject of fascination for decades, arguably since he took over his father **Fred Trump**’s real-estate business in the 1970s and set up shop in the glitzy Trump Tower on Manhattan’s Fifth Avenue in the 1980s. How could it not be? He built his public image around wealth, flaunting his money both on national television (as host of *The Apprentice*) as well as the campaign trail (“I’m really rich,” he told the American people the first time he ran for president). But just how rich is Donald Trump, really? Keep reading for a look at the 45th and 47th president’s net worth, how he acquired his wealth, and what debts he owes today. **🎬 [SIGN UP for Parade’s Daily newsletter to get the latest pop culture news & celebrity interviews delivered right to your inbox](https://parade.com/newsletters/daily?utm_source=article&utm_medium=top) 🎬** ## How did Donald Trump make his money? Donald Trump has claimed for decades to be a self-made billionaire who turned a single \$1 million loan from his father, the late New York City builder Fred Trump, into a real-estate empire that includes hotels, casinos, golf courses and more. “I built what I built myself,” he [once said](https://www.nytimes.com/2018/10/02/us/politics/donald-trump-wealth-fred-trump.html). But in 2018, *The New York Times* turned that narrative on its head. “In all, the president’s parents transferred well over \$1 billion in wealth to their children,” [the outlet reported](https://www.nytimes.com/2018/10/02/us/politics/donald-trump-wealth-fred-trump.html). (Donald Trump was the fourth of five kids.) According to the investigation, by the time Trump graduated from the Wharton School of Business, he was getting the equivalent of \$1 million a year from his father, a sum that shot up to more than \$5 million a year once the future president reached his 40s and 50s. “The reporting makes clear that in every era of Mr. Trump’s life, his finances were deeply intertwined with, and dependent on, his father’s wealth,” the *Times* stated. Trump took over his father’s company in 1971 and renamed it the Trump Organization two years later. But where Fred Trump largely made his fortune by building low-income housing in New York’s outer-boroughs, Donald bet on luxury towers in Manhattan. One of his earliest deals was to partner with the Hyatt Organization to buy the Commodore Hotel (renamed the Grand Hyatt) in 1976. Twenty years later, he [sold his half-share](https://www.trump.com/commercial-real-estate-portfolio/the-grand-hyatt-hotel) of the hotel to Hyatt for \$142 million. In 1983, the rising real-estate tycoon moved into Trump Tower on Fifth Avenue, which his father’s money helped build and where he lived in one of the penthouses for many years (he still owns his triplex there, as well as retail and office space). The building helped him establish the Trump name as a brand in and of itself—one that the younger Trump could (and would) go on to license for products, properties, hotels, golf courses and more, allowing him to pocket royalties and licensing fees without taking on the full financial burden of ownership. Real-estate deals aside, Trump gained mainstream [success](https://parade.com/living/success-quotes)—and boosted his wealth—as host of *The Apprentice*, which ran from 2004 to 2017, with him at the helm until 2015. Then, of course, came the presidency. In and of itself, the gig hasn’t lined Trump’s pockets (he decided to forgo the office’s \$400,000 salary the first time around). But overall, the position has helped his branding and enriched him considerably. For instance, just before his second inauguration he launched a meme coin (\$Trump) that, [according to *Axios*](https://www.axios.com/2025/01/19/donald-trump-crypto-billionaire), accounted for 89 percent of his net worth at the time. ## How much did Donald Trump inherit from his father? A 2018 [investigation](https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html) by *The New York Times* found that Trump pocketed \$413 million from his father’s real estate empire over the years, when adjusted for inflation, and that the now president engaged in questionable tax schemes to achieve that degree of windfall (through his lawyer, Trump denied any wrongdoing to the *Times*). Upon his father’s death in 1999, Trump and his surviving siblings (his older brother, **Fred Jr.**, died of alcoholism in 1981, at the age of 43) were the recipients of the Trump patriarch’s real estate portfolio, which they sold in 2004 for \$700 million. Trump’s cut, per *The New York Times*, was \$177.3 million, or nearly 300 million in today’s dollars. [According to *Forbes*](https://www.forbes.com/profile/donald-trump/), Trump’s net worth is \$6.6 billion. **Related: [Joe Biden’s Net Worth in 2026](https://parade.com/celebrities/joe-biden-net-worth)** ## What was Donald Trump’s net worth in 2015, before becoming president? *Forbes* put Trump’s net worth in 2015 at \$4.5 billion, which was less than half what he claimed it to be at the time. The discrepancy seemed to get under his skin. “I’m running for president,” Trump [told the magazine](https://www.forbes.com/sites/randalllane/2015/09/29/inside-the-epic-fantasy-thats-driven-donald-trump-for-33-years/). “I’m worth much more than you have me down \[for\]. I don’t look good, to be honest. I mean, I look better if I’m worth \$10 billion than if I’m worth \$4 billion.” He added, “And look, all I can say is *Forbes* is a bankrupt magazine, doesn’t know what they’re talking about. That’s all I’m gonna say. ‘Cause it’s embarrassing to me.” ## Is Donald Trump a billionaire? Yes. His estimated net worth according to the most recent data provided by *Forbes* is \$6.6 billion. ## Does Donald Trump own Trump Tower? Trump owns office and retail space in the tower, as well as the triplex penthouse he once called home, but he does not own the entire building outright. ## How much is Trump Tower worth? According to a [2024 *Forbes* report](https://www.forbes.com/sites/danalexander/article/the-definitive-networth-of-donaldtrump/), the net value of the Trump Tower is \$97 million. ## How many New York City buildings does Donald Trump own? Because Trump licenses his name to other developers—a way for him to make money without taking on risk or liability—“Trump” appears on many buildings in New York City (and around the world). But that doesn’t mean he owns them. Here’s a look at his New York City portfolio ([via *Curbed*](https://www.curbed.com/article/trump-lawsuit-real-estate-nyc-property-letitia-james.html)): - Trump International Hotel and Tower (he owns the service areas) - Trump Tower (he owns retail and office space plus a triplex penthouse) - The Trump Building (he owns the ground lease) - 1290 Avenue of the Americas (he owns a 30 percent stake) - Trump Park Avenue (he may own “some units,” per *Curbed*) - ‘Niketown’ (he owns the ground lease) - Trump Parc and Trump Parc East (he may own some units) - 167 East 61st Street—formerly Trump Plaza (he may own some units; he leases “the retail portion of the building and the garage,” per *Curbed*) Buildings that have had his name on them that he never owned in any capacity include: - Trump World Tower - 200 East 69th Street (formerly known as Trump Palace) - 140, 160, 180, 200, 220, and 240 Riverside Boulevard (formerly known as Trump Place) - The Dominick Hotel (formerly known as Trump SoHo) - Trump Golf Links at Ferry Point ## How much does Trump owe in his New York civil fraud case? In September 2022, New York Attorney General **Letitia James** filed a lawsuit against Trump and several Trump Organization executives for engaging in financial fraud and illegal conduct, the accusation being that they lied for years about Trump’s wealth in order to secure more favorable deals on loans and insurance coverage. In February 2024, a judge ordered in favor of the attorney general, ordering Trump to pay more than \$355 million plus interest (an annual rate of 9 percent in New York). The total due as of January 2025 was just over half a billion dollars, with Trump personally owing \$490 million, and that sum continues to grow by about [\$100,000 per day](https://archive.ph/vaudQ#selection-955.0-963.34) while the judgment is on appeal. ## How much does Trump owe E. Jean Carroll? Writer E. Jean Carroll sued Trump twice after she publicly accused him of raping her in a Bergdorf Goodman dressing room in the [1990s](https://parade.com/1075273/jessicasager/90s-trivia/) and he in turn verbally attacked her and said she wasn’t his “type.” [*Forbes* estimates](https://www.forbes.com/sites/alisondurkee/2024/09/06/trump-now-owes-e-jean-carroll-over-90-million-with-interest-as-appeals-court-hears-first-case/) Trump owes Carroll approximately \$91 million total: \$5.3 million for the first trial, for sexual abuse and defamation; and \$85.3 million for the second, for defamation. ## Who owns Mar-a-lago? Donald Trump is the proud owner of Mar-a-lago, the nearly 17-acre waterfront property on Palm Beach’s Billionaires’ Row. He bought it in 1985 for [\$10 million](https://apnews.com/article/trump-maralago-lawsuit-palm-beach-51fea4e520b1901c1c045590b2a7bdc0). ## How much is Mar-a-lago worth? Depends who you ask. As part of his civil trial in New York, Trump [testified](https://www.wsj.com/real-estate/luxury-homes/donald-trump-mar-a-lago-worth-71c278a1) that he believed Mar-a-Lago was worth between \$1 billion and \$1.5 billion. But that’s 40 times the \$37 million appraisal it got from the local appraiser’s office. Perhaps it’s somewhere in between. *The Wall Street Journal* [points out](https://www.wsj.com/real-estate/luxury-homes/donald-trump-mar-a-lago-worth-71c278a1) that Palm Beach sales on homes with “significantly less acreage” than Mar-a-lago have gone for upwards of \$150 million. **Rush Limbaugh**’s 2.7-acre property, for instance, [sold for \$155 million](https://archive.ph/o/L46el/https://www.wsj.com/articles/rush-limbaughs-longtime-palm-beach-home-sells-for-155-million-f5e9bd31) in 2023. Stock prices for Trump Media & Technology Group, which owns Truth Social, tend to rise and fall depending on how Trump is faring in the news cycle. Just before his second inauguration in January 2025, for example, share prices spiked 20 percent, bumping his net worth up to an estimated \$7 billion, [according to *Forbes*](https://www.forbes.com/sites/antoniopequenoiv/2025/01/13/trumps-net-worth-surges-to-7-billion-as-truth-social-parent-rallies/). But in March, it saw its lowest trading price in [five months](https://www.forbes.com/sites/antoniopequenoiv/2025/03/10/trumps-net-worth-slides-300-million-as-trump-media-shares-hit-5-month-low/), causing his net worth to drop by \$300 million. At one point in [October](https://parade.com/living/october-holidays-observances) 2024, Trump’s Truth Social [surpassed **Elon Musk**’s X](https://apnews.com/article/trump-media-stock-musk-x-social-5328feb1a782cc65bd05b7e30756b8db) in worth, valued at the time at over \$10 billion (compared with X’s \$9.4 billion). **Related: [Find Out Elon Musk’s Net Worth](https://parade.com/1364075/jessicasager/elon-musk-net-worth/)** ## What is Donald Trump’s salary? As president, Trump makes [\$400,000 per year](https://www.cbsnews.com/news/how-much-is-the-president-paid/). He also receives \$50,000 for expenses related to official duties, a \$100,000 travel budget and a \$19,000 entertainment allowance. ## Why did Donald Trump file for bankruptcy? Trump himself has never filed for bankruptcy, but several of his companies have filed for Chapter 11 bankruptcy (meaning they could still stay in business despite having their debt erased)—for a total of six filings since 1991. ## Does Donald Trump pay taxes? Yes, but the amount he pays—which is next to nothing—has courted controversy over the years. In 2020, *The New York Times* [reported](https://www.nytimes.com/2020/09/27/us/trump-taxes-takeaways.html) on a leak of Trump’s tax returns spanning over two decades. According to their investigation, Trump paid only \$750 in federal income taxes in 2016, the year he was elected president, as well as 2017. Furthermore, the investigation found that he took deductions on expenses that would ordinarily be considered personal ones, such as \$70,000 in hairstyling for television. ## How much did Donald Trump make doing *The Apprentice*? According to a [tax analysis](https://www.nytimes.com/interactive/2020/09/28/us/donald-trump-taxes-apprentice.html) from *The New York Times*, Trump earned about \$197 million directly from *The Apprentice*. But that’s to say nothing of the business and licensing deals he was able to strike as a result of the show’s popularity, which the *Times* valued at about \$230 million. ## How much did Donald Trump make per episode of *The Apprentice*? At the start of the series, Trump was making \$25,000 per episode. But as chronicled in *Apprentice in Wonderland: How Donald Trump and Mark Burnett Took America Through the Looking Glass*, he demanded a big raise for season two. *“Friends* had six people,” Trump told author **Ramin Setoodeh** ([via *People*](https://people.com/donald-trump-wanted-6-million-apprentice-salary-book-excerpt-8659327)). “They’re getting \$1 million an episode each. That’s \$6 million. So if they’re getting \$6 million, and I have higher ratings than they do—because this is the end of *Friends*, and they were fading out—I said, ‘You should pay me \$6 million an episode.’” [NBC](https://parade.com/tv/nbc-fall-schedule-2025-2026) rejected his proposal and reportedly threatened to cut ties. But eventually they returned with a deal that Trump referred to as “a fortune.” ## How much did Trump make from the Miss Universe, Miss USA and Miss Teen USA Pageants? Trump co-owned the Miss Universe Organization, which included the Miss USA and Miss Teen USA pageants, from 1996 to 2015, at which point he sold it to the talent agency WME-IMG. The terms of the deal were undisclosed, but *The New York Post* [reported](https://nypost.com/2015/10/10/donald-trumps-sale-of-miss-universe-actually-fell-short/) that WME-IMG paid \$28 million and assumed liabilities in the deal. ## About the author ![](https://parade.com/.image/MTkwNTc1ODgwMDM2MDk5MTk3/e90bfc9b61bed91be9f18721bbce9343-s-600-d-mm-r-g.jpg?io=1&profile=w256&ar=1-1)
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