How Much Is Donald Trump Worth?
President Trump's net worth has dropped since he took office.
With an estimated net worth of $3.1 billion - $600 million less than last year - Trump fell 92 spots on this year's Forbes list of the richest Americans. "A tough New York real estate market, particularly for retail locations; a costly lawsuit, and an expensive presidential campaign" were responsible for the president's declining fortune, the magazine explained.
Bloomberg Billionaires Index, which has also reported a decline in Trump's net worth over the past year, now estimates the president is worth $2.86 billion. It attributed the slipto a drop in the values of three Manhattan office properties: 40 Wall Street, Trump Tower, and 1290 Avenue of the Americas.
At the same time, documents released in June by the U.S. Office of Government Ethics and reported by the Atlantic show that Trump's losses were offset by "tens of millions of dollars in income from the golf courses and resorts whose profile he boosted during frequent visits since taking office."
The 98-page disclosure form, which was signed by the president, covers January 2016 through April 15, 2017. It reveals that Trump's assets are worth at least $1.4 billion and that he made $288 million in income from his golf courses - including $19.8 million from his Bedminster golf club - and $37.2 million from Mar-a-Lago in Palm Beach.
His time as president seems to have boosted his income from Mar-a-Lago specifically: He reported more than $15 million in income from the resort in the 2015 report, followed by $29 million in the 2016 version, according to his last two financial disclosures with the FEC.
While it's not possible to determine his exact net worth from the financial disclosures, we know it's $1.4 billion at a minimum - not quite the more than $10 billion Trump claimed he was worth during the election last year.
It should be noted that the voluntary financial disclosure is not a tax return, which would provide a more comprehensive picture of Trump's financial situation including his complete income and tax rate. When Trump spokesman Sarah Huckabee read a letter to Trump from a nine-year-old boy named Dylan who wanted to know how much money the president has at a press conference in July, she responded, "Dylan, I'm not sure, but I know it’s a lot."
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