November 27, 2022

KEY POINTS

  • Donald Trump was the son of a low-cost housing developer in Brooklyn and Queens
  • He went on to turn out to be a luxurious actual property developer and the forty fifth U.S. president
  • Over time, he has amassed wealth via his estates and the Trump model

The son of a low-cost housing developer in Brooklyn and Queens went on to turn out to be a luxurious actual property developer and the forty fifth president of america of America. Donald Trump served his time period from January 20, 2017, to January 20, 2021, succeeded by President Joe Biden.

In a latest information announcement, CNN reported Trump plans to “search the Republican presidential nomination in 2024.” “To be able to make America nice and wonderful once more, I’m tonight asserting my candidacy for president of america,” he stated, talking from his residence in Mar-a-Lago, anticipated to function his marketing campaign headquarters.

Trump was a businessman earlier than he turned president, and through the years, he has amassed wealth via his estates and licensing using the Trump model. As of November 2022, his internet price is estimated at $3.2 billion, in line with Forbes.

Here’s a checklist of companies owned by the previous U.S. president.

Mar-a-Lago Membership LLC

An aerial view of former U.S. President Donald Trump's Mar-a-Lago home in Palm Beach

The previous president’s present residence, Mar-a-Lago Membership, is a lodge and resort constructed as a personal mansion in 1927. Its builder, Marjorie Merriweather Publish, donated Mar-a-Lago to the federal government to function the winter White Home, in line with Investopedia. Upon her demise in 1973, the federal government refused to obtain the present as a result of it will be expensive to keep up. Trump bought the property in 1985 for a reported $8 million. Throughout his presidency, he used it as his winter White Home.

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In 2019, it had a income of greater than $21 million, with its asset worth estimated at over $50 million that very same 12 months.

Trump Nationwide Doral

The Trump National Doral in Miami won't be used by the US to host the next G7 summit after all
The Trump Nationwide Doral in Miami will not be utilized by the US to host the following G7 summit in spite of everything
AFP / Michele Eve Sandberg

The Trump Nationwide Doral golf resort reported income of over $77 million in 2019 and an asset worth of over $50 million for that 12 months. It was based in 1962 in Doral. Trump purchased the golf resort for $150 million, taking it out of chapter in 2012.

Trump Outdated Publish Workplace LLC

Donald Trump
Republican U.S. presidential candidate Donald Trump smiles whereas talking to the media throughout a information convention on the building website of the Trump Worldwide Lodge on the Outdated Publish Workplace Constructing in Washington, March 21, 2016.
REUTERS/Jim Bourg

This lodge, which operates within the nationwide landmark Outdated Publish Workplace constructing, is a holding firm for the Trump Worldwide Lodge positioned in Washington, D.C. Although it’s owned by the US authorities, Trump’s firm holds a long-term lease on the Outdated Publish Workplace constructing, a lease that might final nearly 100 years with extensions. In 2019, the lodge was valued at over $50 million and earned a income of $40.5 million.

Trump Ruffin Tower LLC

Former U.S. President Donald Trump announces he will run for president in 2024 at his Mar-a-Lago estate in Palm Beach

This lodge and condominium complicated, constructed in 2008, manages the Trump Worldwide Lodge and Tower in Las Vegas. In 2019, the complicated had a income of over $27 million, $4.4 million of which come from rental gross sales and greater than $23 million from lodge income. It had an asset worth of over $50 million in 2019.

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Trump Turnberry

Members of the Scottish Parliament voted down a motion calling for the probe into the Trump Organization's two Scottish golf courses, including the Trump Turnberry hotel and golf resort, using an "unexplained wealth order"
Members of the Scottish Parliament voted down a movement calling for the probe into the Trump Group’s two Scottish golf programs, together with the Trump Turnberry lodge and golf resort, utilizing an “unexplained wealth order”
AFP / Andy Buchanan

One other enterprise owned by Trump valued at over $50 million in 2019, Trump Turnberry was initially in-built 1906 by the third Marquess of Ailsa, Archibald Kennedy. Trump purchased the resort for an undisclosed quantity from a Dubai-based firm. It’s considered one of two golf resorts owned by Trump in Scotland. In 2019, its income was reported at $25.6 million.

Trump Media & Expertise Group (TMTG)

Illustration shows Truth social network logo

TMTG is Trump’s foray into social media and know-how. The corporate has its personal social media platform, TruthSocial, an “outlet outdoors of Huge Tech” that goals to encourage open world dialog “with out discriminating in opposition to political ideology.” TMTG additionally has a subscription-based video streaming service, TMTG+. In accordance with Forbes, TMTG has given Trump’s fortune a lift of $730 million.

Trump Worldwide Realty

Former US president Donald Trump speaks to the media after voting in the US midterm elections in Palm Beach, Florida on November 8, 2022

Trump Worldwide Realty supplies luxurious actual property providers to shoppers and advertising and marketing sources and assist for properties. In accordance with its web site, it makes a speciality of “connecting patrons with the best properties obtainable on the posh dwelling market.” It additionally has a specialty providers division “devoted to delivering the very best stage of care and particular person consideration to make shoppers’ transition from one dwelling to a different clean and stress-free.”

The Trump Group

Outside of Trump Tower After Trump Says FBI Agents Raided His Florida Home

The Trump Group is an actual property firm headquartered in Trump Tower, in New York. In accordance with its LinkedIn profile, The Trump Group has, for greater than 4 many years, “set new requirements of excellence in luxurious actual property growth.”

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The model represents “the very best stage of excellence” in five-star luxurious accommodations, leisure, eating, retail, championship golf programs, world realty providers, residential and industrial buildings and property administration. The Trump Group additionally has an in-store retail arm at Trump Tower, known as the Trump Retailer.

Trump Industrial Properties

Empire State Building
The overall view of the Empire State Constructing and midtown Manhattan are seen at nightfall in New York, Jan. 28, 2016.
REUTERS/Brendan McDermid

The Trump Group has a portfolio of economic properties from New York to San Francisco. In accordance with its web site, its industrial properties “are among the many most precious and prized workplace towers wherever on the planet.” Their industrial properties are positioned at 555 California Road in San Francisco, in addition to The Trump Tower, 40 Wall Road, 1290 Avenue of the Americas, GM Constructing, Empire State Constructing, The Plaza Lodge and The Grand Hyatt Lodge in New York.

Trump Motels

The Trump Group’s Trump Motels is a model of five-star choices within the luxurious accommodations and resorts section. Their accommodations are included in iconic places, resembling New York, Florida, Nevada, Virginia, Illinois, Hawaii, Eire and Scotland.

Trump Golf

Former U.S. president Donald Trump rally in Wilkes-Barre

Based in 1999, Trump Golf’s mission is to “create the world’s greatest luxurious golf expertise that celebrates the purity of the sport, household values and custom.” It has a number of the most iconic golf properties and championship programs on the planet, together with non-public golf equipment in North America, and public programs in North America, Europe and Asia.

Trump Residential

GettyImages-515179400
Spencer Platt/GETTY

The Trump Model consists of a number of the “most coveted residential properties on the planet,” in line with its web site. As a developer of luxurious actual property, the Trump model’s residential arm is behind the Trump Tower, Trump Worldwide Lodge & Tower, Trump Park Avenue, Trump World Tower, Trump Parc, Trump Parc East, 200 Riverside Boulevard, 220 Riverside Boulevard, 240 Riverside Boulevard, Trump Palace, Trump Plaza, Trump Park Residences Yorktown, Trump Tower Metropolis Middle and 610 Park Avenue in New York.

Residential properties are additionally obtainable in New Jersey, Connecticut, Hawaii, Illinois, Nevada and Florida within the U.S., in addition to properties in India, Indonesia, South Korea, Turkey, the Philippines and Uruguay.

Trump Estates

Trump Tower in Chicago is emblazoned with President Donald Trump's name, but many companies are cutting ties with the leader in an 11th-hour stampede
GETTY IMAGES NORTH AMERICA / SCOTT OLSON

Including to Trump’s actual property portfolio is the model’s assortment of estates that “characterize probably the most premier and unique properties wherever on the planet.” Trump Estates embrace the Macleod Home & Lodge in Scotland, Le Chateau Des Palmiers in St. Martin, Seven Springs in New York, The Mar-a-Lago Membership in Florida, The Estates in California and Albemarle Property in Virginia.