How Donald Trump, Melania Trump, Trump family spends its billions

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Donald Trump and his family.

Brendan McDermid/Reuters


President Donald Trump‘s niece Mary L. Trump is publishing a book revealing herself as the primary source of a New York Times investigation into the president’s finances, The Daily Beast reported.

The investigation revealed that Trump isn’t a self-made man, but had his father bolster his failing businesses in the 1990s with hundreds of millions of dollars. The Daily Beast reported that the book will include Mary Trump’s claim that she supplied The Times with confidential family tax documents.

Trump’s net worth is currently estimated to be $2.1 billion — down an estimated $1 billion since the pandemic.

And that’s not to mention the individual net worths of his adult children: a reported $150 to $300 million for Eric Trump; a reported $200 million for Donald Trump Jr.; and a reported $600,000 for Tiffany Trump, according to Cheat Sheet. Ivanka Trump, who runs her own business, has the largest net worth of all the children. She and her husband Jared Kushner are estimated to be worth up to $762 million, CNN reported in July 2017, citing financial documents released by the White House.

Combined, that means the entire Trump family‘s fortune could exceed an estimated $3 billion.

From pricey penthouses and expensive schooling to high-end shopping and a full-on aviation fleet, here’s how they drop their millions and billions.

Donald Trump’s net worth is currently estimated to be $2.1 billion — down about $1 billion since the pandemic began.

Donald Trump



Pool/Getty Images


Source: Forbes

According to his executive branch personnel public financial disclosure report, he earned anywhere from $597,396,914 to $667,811,903 between January 2016 and spring 2017.

Donald Trump golf



Ian MacNicol/Getty Images


Source: Business Insider, Center for Responsible Politics

About $42 million of Trump’s wealth comes from his brand businesses — Trump Hotel Management & Licensing Business and Trump Product Licensing, and $38 million comes from his hospitality holdings.

Donald Trump

President Donald Trump talks to reporters as he boards Air Force One for travel to Pennsylvania from Morristown Municipal Airport in Morristown, New Jersey, on August 13, 2019.

Jonathan Ernst/Reuters


Source: Forbes

And $455 million of his net worth consists of cash, trophies, personal assets — $160 million is cash and liquid assets specifically, according to Forbes.

Donald Trump, Trump



AP Images


Source: Forbes

Before he was elected, Trump spent $66 million of his own money on his presidential campaign, according to campaign finance disclosures examined by Reuters.

donald trump campaign rally

Republican presidential candidate Donald Trump speaks during a campaign rally, Friday, Nov. 4, 2016, in Hershey, Pa.

Associated Press/Evan Vucci


Source: Fortune

Trump often traveled during his campaign using his huge aircraft fleet. He reportedly bought a Boeing 727 for $8 million back in the day, which he then replaced in 2010 with a Boeing 757 that he reportedly bought from Microsoft’s Paul Allen for $100 million.

Donald Trump, airplane



AP


According to the New York Times, it burns fuel at a rate of thousands of dollars an hour.

Source: The New York Times

He also owns a Cessna jet, which reportedly was worth $15.3 million new and had a resale value of $3.2 million in 2016.

cessna jet donald trump



John Locher/AP Images


Source: The New York Times

And that’s not to mention his three Sikorsky helicopters. Pre-owned Sikorsky S-76s typically sell for $5 million to $7 million — not counting the estimated $750,000 Trump spent redoing the interior of his most recent purchase, which involved 24-karat gold-plated hardware.

Trump Helicopter



Scott Halleran/Getty Images


Source: The New York Times, CNBC

Collectively, Trump’s two-airplane, three-helicopter fleet is valued at $32 million.

trump plane



Matthew Busch/Getty Images


Source: Forbes

Trump also has a collection for the road. He reportedly owns a vintage Rolls-Royce Silver Cloud, Rolls-Royce Phantom (which starts at $500,000), a Maybach, a Ferrari, and a Mercedes-Benz 3600. He also reportedly bought Melania a $455,000 SLR McLaren.

Rolls Royce



Scott Olson/Getty Images


Source: The Washington Post

Trump has an affinity for Brioni suits, which range from $5,250 to $6,900. While the brand supplied him with suits during “The Apprentice,” he started paying for them during his 2016 presidential campaign.

Donald Trump Campaign



Scott Olson/Getty Images


Source: Business of Fashion

Melania also has a taste for pricey fashion. She’s been spotted wearing everything from a $2,095 Givenchy cape dress at the International Red Cross Ball to a $7,995 Monique Lhuillier sequined gown at the White House Historical Association dinner. That’s nothing compared to the time she stepped out in a $52,000 Dolce & Gabbana jacket.

Melania Trump White House dinner



Alex Wong/Getty Images


Source: Cheat Sheet, Cheat Sheet

She’s also donned more casual and affordable attire on several occasions, such as Converse, which retail for less than $50.

Melania Trump Converse



Andrew Harnik/Shutterstock


Source: Business Insider

To complete her look, Melania has her own makeup artist, Nicole Bryl, who once told US Weekly of Melania’s plans to have a “glam room” in the White House. She also has a hairstylist who makes house calls and travels with her.

melania trump

U.S. first lady Melania Trump arrives in the Rose Garden to speak at the White House May 7, 2018 in Washington, DC.

Getty Images/Win McNamee


Source: Cheat Sheet

Melania has said that she’s a full-time mom and that she refuses to spend money on a nanny. In 2013, she told ABC News that she dresses her son, Barron, in suits and moisturizes him with her brand’s Caviar Complex C6 moisturizer. He was 7 years old at the time.

melania trump barron trump

First lady Melania Trump and Barron Trump walk to board Marine One on the South Lawn of the White House, Tuesday, Nov. 21, 2017, in Washington.

Associated Press/Evan Vucci


Source: Business Insider, ABC News

In New York, Barron was attending Columbia Grammar and Preparatory School, which cost $40,000 a year. He now attends St. Andrew’s Episcopal School in Maryland, which also costs $40,000 a year.

barron trump



Mark Wilson/Getty Images


Source: Cheat Sheet, The Washington Post, CNN

The three of them lived in the $54 million penthouse in Trump Tower in New York before moving into the White House. Trump reportedly has said the penthouse is 33,000 square feet, but city records indicate that it’s actually 10,996 square feet.

trump tower



Mark Lennihan/AP Photos


Source: Forbes

The Trumps also have real estate in sunnier climates — like their private island home, Le Chateau Des Palmiers, in St. Martin, worth $13 million.

LE CHÂTEAU DES PALMIERS

Le Chateau Des Palmiers.

Google Maps


Source: Business Insider

Then there are the two homes in Sterling, Virginia, worth a collective $1.5 million — and three Palm Beach homes, worth a collective $25 million.

Palm Beach Florida

Palm Beach.

pisaphotography/Shutterstock


Source: Business Insider

But more of Trump’s wealth lies outside his private real-estate portfolio. About $1.2 billion of Trump’s net worth consists of his commercial real estate, and $148 million consists of residential real estate.

trump international hotel washington dc

The Trump International Hotel is seen on March 22, 2019 in Washington, DC.

Alex Wroblewski/Getty Images


Source: Forbes

And then there’s the $217 million he owns in golf courses and clubs, from the US to Scotland and Ireland.

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Trump at the Trump National Golf Club in Westchester in 2006.


Goshorn/Media Punch via AP



Source: Forbes

That includes the $170 million Mar-A-Lago, a 17-acre estate in Palm Beach that Trump reportedly purchased for $10 million. It has 58 bedrooms, 33 bathrooms, 12 fireplaces, and three bomb shelters.

Mar A Lago resort Donald Trump



Joe Raedle/Getty Images


Source: Business Insider, Forbes

An affinity for real estate runs in the Trump family. Son Eric Trump and his wife Lara reportedly have two residences — a $2 million apartment in Trump Parc East and a home in Westchester, Town and Country reported in 2016.

Trump Parc East



Frank Franklin II/AP Photos


Source: Town & Country

Like his brother, Donald Trump Jr. also has real estate in Manhattan. He bought two apartments at the Sovereign for $1.5 million and $1.125 million, reported Town & Country. The publication speculated that he combined the two apartments.

Donald Trump Jr.

Donald Trump Jr.

Sue Ogrocki/AP


Source: Town & Country

Both brothers are big game hunters, which can be very expensive. A 14-day white rhino hunt can cost $66,790.

white rhino



Dan Kitwood/Getty Images


Source: Cheat SheetUSA Today

Meanwhile, Ivanka Trump is busy building her own empire. Between January 1, 2016, and May 31, 2017, she earned at least $13.5 million in income, according to forms released by the White House. More than $5 million came from the Ivanka Trump Brand, more than $2.5 million from the Trump Organization, and nearly $800,000 for book and TV work.

ivanka trump



Andrew Harnik/Shutterstock


Source: CNN

The combined assets of Ivanka Trump and her husband Jared Kushner are worth at least $207 million, but they could exceed $762 million, according to the documents.

ivanka trump family



Manuel Balce Ceneta/Shutterstock


Source: CNN

That includes a $25 million art collection.

art gallery singapore

Ivanka and Jared’s art collection not pictured.

r.nagy/Shutterstock


Source: CNN

Once Trump took up residence in the White House, Ivanka and Jared moved to Washington DC, where they’re reportedly renting a $5.5 million house in the upscale Kalorama neighborhood. They also have a four-bedroom penthouse at Trump Park Avenue.

Ivanka Trump family



Pool/Getty Images


Source: Cheat Sheet, Town & Country, New York Times

Like her stepmother, Ivanka also steps out in a mix of high-end and fast fashion, from a $6,280 Oscar de la Renta dress and coat to an $870 Roksanda dress and a $35 Victoria Beckham for Target dress.

ivanka trump G20 summit



Pool/Getty Images


Source: Cheat Sheet

Tiffany Trump’s schooling was always paid for by Donald Trump, according to a source who talked to People Magazine. She attended the University of Pennsylvania for undergrad and graduated in 2020 from Georgetown Law School, which costs upwards of $60,000 a year.

Tiffany Trump



Alex Wong/Getty Images


Source: People, Cheat Sheet, The Washington Post, Georgetown Law School

When she’s not in school, Tiffany spends money vacationing, from an Italian yacht trip and Budapest excursion to summers in Southampton and visits to The Bahamas.

Budapest Hungary



ZGPhotography/Shutterstock


Source: Cheat Sheet

She’s been spotted wearing $725 Aquazarra shoes and has worn couture designer Daniel Basso — whose gowns can cost thousands of dollars — to formal events several times.

tiffany trump



Astrid Stawiarz/Getty Images


Source: Teen Vogue, Cheat Sheet

There’s debate on the extent of Trump’s philanthropic efforts, but in 2009, he and Melania donated $5,000 to $9,999 to the Police Athletic League of New York City. He also donated $1 million of his own money to Hurricane Harvey relief in 2017.

melania donald sunglasses

President Donald Trump (R) and first lady Melania Trump walk across the South Lawn before departing the White House July 25, 2017 in Washington, DC. Trump is traveling to Ohio to participate in a ‘salute to American heroes’ and a ‘Make America Great Again Rally.’


Chip Somodevilla/Getty Images



Source: The New YorkerGOBanking RatesThe Washington Post

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By |2020-06-15T22:26:56+00:00June 15th, 2020|Business|0 Comments

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