How rich is Donald Trump at the age of 75?
lev radin / Shutterstock.com  As former US president, real estate mogul and businessman Donald Trump turns 75 on June 14, heres a look at his fortune, which, despite a few major setbacks, is still said to be vast. Since Trump took over the presidency in January 2017, subsequently seeing two impeachments and riots on Capitol Hill, his net worth has grown from $ 3.7 billion to $ 2.4 billion according to a Forbes estimate of April 2021, the most recent month for which data is available. See: All The Ways Assets Have Made Money Over The Past 20 Years Find: Trump Faces Trouble With The Crown Jewels Of His Real Estate Empire  The Bloomberg Billionaires Index, which estimates Trumps net worth at around $ 2.33 billion, indicates that his net worth has fallen by about $ 700 million in his last year as president. In his first year in office, Trumps wealth plummeted to $ 3.1 billion, then fell to $ 2.5 billion in 2020. He lost an additional $ 700 million as a result of the riots in Capitol Hill and his dismissals, when several organizations ceased doing business with Trump or one of his Properties. The 2020 decline in Trumps overall net worth was largely due to the coronavirus and its impact on the industries in which he holds his biggest assets. The values of office buildings and hotels have fallen. Its properties in Washington, DC and Chicago appear to be underwater, while Doral, its golf resort in Miami, has lost 80% of its value in a year, Forbes reported. In addition, the Capitol Hill riots caused Trumps Golf Course to lose the right to host the PGA Championship Tour in 2022, which will undoubtedly result in lost marketing opportunities and reduced profits for the course. In the days following the riots, Shopify shut down the Trumps online stores. See: PGA pulls event from Trump golf course, Shopify shuts down online Trumps stores, banks cut ties Find: Trumps ex-lawyer sued by Dominion for $ 1.3 billion How 14 lawsuits have successful  The story continues  Plus, at least $ 590 million in loans will mature over the next four years, Bloomberg reports, which could have a further impact on billionaire bottom lines. Still, Trump retains valuable assets, including garages in New York City, the Mar-a-Lago Club in Florida, and three homes nearby. However, as the economy faces a recovery with widespread distribution of Covid-19 vaccines and travel accelerates, Trump resort properties may begin to recover. But a Forbes article points out that if Trump had handled the stock market well, sold his portfolio when he took office, paid capital gains tax, and invested in S&P 500 mutual funds, he might do- be better now. In 2020, despite his financial losses, Trump reached number 1001 on Forbes billionaire list. April 2021 saw it drop to 1,299 on the list as other billionaires took advantage of bull market gains. Businessman and former reality TV star, Trumps path to wealth was very different from your typical politician. Read on to get a better understanding of how Trump built his fortune. Donald Trump net worth: $ 2.33 billion  When he was sworn in, Donald Trump was the oldest person ever to take the oath, he was 70 years and 220 days old on January 20, 2017. (This title now belongs to Biden, who was 78 when he was sworn in ). Trump defeated a number of candidates to become the Republican candidate for the 2016 presidential election. He then defeated Democratic candidate Hillary Clinton. His term ended on January 20, when President Joe Biden began his term as the 46th president. Trump was born into a well-to-do family and inherited around $ 40 million from his late father, real estate developer Fred Trump. In 1971, Donald Trump became head of what would later become The Trump Organization. Trumps earnings and title since have helped him grow more than 500 companies. The business mogul has his share in luxury golf courses, skyscrapers, TV shows, casinos, books, merchandise and more. See: Assets 14 Most Questionable Campaign Spends  Donald trumps business  The only thing that surpasses Trumps personality is his business acumen. He landed a deal with Hyatt, New York City, and the unprofitable Commodore Hotel next to Grand Central Station, earning the right to renovate and rename the ailing hotel to Grand Hyatt. In 1980, this hotel became an instant hit, making Trump one of the regions best-known real estate developers. In 1984, Trump completed construction of the 68-story Trump Tower, which still serves as the headquarters of The Trump Organization today. The building includes a 60-foot waterfall and on opening day had five levels of retail stores and restaurants. Trump has owned a number of successful businesses and properties, including Trump Place, a luxury residential community spanning 92 acres. The Trump International Hotel & Tower Chicago has a hotel, condos, and many restaurants and shops. The success of Wollman Rink, a Central Park staple, is arguably attributed to Trump. However, after the storming of the United States Capitol, New York City announced that it was severing commercial ties with Trump. On January 13, Mayor Bill de Blasio announced that the city would end three contracts with The Trump Organization that would cease operations of a carousel in Manhattans Central Park, skating rinks and a golf course in the Bronx, a Reuters reported. Donald beats bankrupt companies  Donald Trump has big business wins to his name, but he also has big losses. In 1988, Trump spent $ 365 million on a fleet of Boeing 727s, as well as landing facilities in Boston, New York, and Washington, DC. He also bought the rights to paint his name on an airplane. However, his attempt to create a luxury flying experience under the Trump Shuttle name failed and the company was taken out of service. In 1990, the banks that supported Trumps investments provided him with a $ 65 million bailout in the form of new loans and credits. Trumps famous Taj Mahal casino in Atlantic City, New Jersey, went bankrupt in 1991, and Trump Hotels & Casino Resorts went bankrupt in 2004. In 2009, the same company now called Trump Entertainment Resorts again filed for bankruptcy. Trump University is one of Trumps most publicized business failures. The unaccredited online college was launched in 2005 and closed in 2010. Three lawsuits at Trump University marred its first presidential campaign, alleging that Trump University was a scam that cost tens of thousands of dollars to students. Trump settled the lawsuits for $ 25 million, although he did not admit any wrongdoing. Donald Trump wins over his wife and family  Donald Trump has been married three times. He was with his first wife, Ivana, from 1977 to 1992. The couple had three children together: Donald Jr., Ivanka and Eric. Trumps three oldest children as well as Ivankas husband, real estate investor and developer Jared Kushner have been heavily involved in their fathers presidency. Trump married Marla Maples in December 1993, two months after Maples gave birth to their daughter, Tiffany. The couple divorced in 1999. Trump has been married to his current wife and former first lady, Melania Trump, who has an estimated net worth of $ 50 million, since 2005. Melania is the mother of Trumps youngest son, Barron. Watch: The Richest Presidential Children  Donald trumps lifestyle  Donald Trump sometimes lives in a three-story penthouse in Trump Tower with his wife Melania and son Barron. The luxuries enjoyed by the family at the Trump Tower include an indoor fountain and a door encrusted with diamonds and gold, Business Insider reported. Among Trumps other notable properties is Mar-a-Lago, where he spent 25 of his first 100 days in office. He returned to the field after his term as president ended, CNN reported. The luxury club is worth $ 180 million, according to Forbes, and sits on 17 acres of precious South Florida land. Trump bought the estate which has 58 bedrooms, 33 bathrooms, 12 fireplaces and three bomb shelters for the bargain price of $ 10 million in 1985. Before gaining access to Air Force One, Trump shuttled between campaign stops in his $ 100 million Boeing 757 adorned with gold seat belts. Its luxury vehicle fleet includes a Rolls Royce, an electric blue 1997 Lamborghini Diablo and a Mercedes-Benz SLR McLaren. More from GOBankingTaux  Andrew Lisa contributed to the writing of this article. 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