HomePoliticsHere's How the Trump Family Spends Their Billions, From an $11 Million...

Here’s How the Trump Family Spends Their Billions, From an $11 Million Beachfront Estate in St. Martin to a $13 Million Fleet of Private Jets

  • According to Forbes, newly elected President Donald Trump’s net worth is estimated at $5.6 billion.

  • The entire Trump family could be worth more than $6.7 billion, including the reported net worth of the Trump children.

  • The Trumps spend their money lavishly, from a large real estate portfolio to an airline fleet and designer clothing.

According to a November 2024 Forbes report, newly elected President Donald Trump’s net worth is currently estimated at $5.6 billion.

Not to mention the individual net worths of his adult children: $25 million each for both Donald Trump Jr. as Eric Trump, according to Forbes’ 2019 estimates; and a reported $10 million for Tiffany Trump, according to Celebrity Net Worth. Ivanka Trump, who runs her own business, has the largest net worth of any child. She and her husband Jared Kushner are estimated to be worth about $1.1 billion, as best shown by ethics filings that reflect the couple’s real estate holdings and additional investments.

Combined, this means the entire Trump family fortune could well exceed $6.7 billion.

From expensive penthouses and expensive education to luxury shops and an entire airline fleet: this is how they spend their money.

Donald Trump’s net worth is currently estimated at $5.6 billion.

Pool/Getty Images

Source: Forbes

According to his public financial report, he earned somewhere between $597,396,914 and $667,811,903 between January 2016 and the spring of 2017.

Donald Trump wave

Ian MacNicol/Getty Images

Source: Business Insider, Center for Responsible Politics

Nearly $3.6 billion of Trump’s wealth comes from his branding businesses – an estimated $3.5 billion from the Trump Media and Technology Group, and $96 million from the Trump Hotel Management & Licensing Business.

Donald Trump

President Donald Trump talks to reporters as he boards Air Force One for a trip to Pennsylvania from the Morristown Municipal Airport in Morristown, New Jersey, on August 13, 2019.Jonathan Ernst/Reuters

Source: Forbes

And according to Forbes, $410 million of Trump’s net worth is cash and liquid assets.

Donald Trump, Trump

AP images

Source: Forbes

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

See also  Trump nominates Marty Makary, a critic of some COVID-19 health measures, to lead the FDA
Donald Trump campaign rally

Republican presidential candidate Donald Trump speaks during a campaign rally, Friday, Nov. 4, 2016, in Hershey, Pennsylvania.Associated Press/Evan Vucci

Source: Fortune

Trump often traveled with his enormous fleet of aircraft during his campaign. He reportedly bought a Boeing 727 for $8 million at the time, then replaced it in 2010 with a Boeing 757 that he 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 per hour.

Source: The New York Times

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

Cessna Jet Donald Trump

John Locher/AP Images

Source: The New York Times

Collectively, Trump’s fleet of one plane and one helicopter is valued at $13 million.

trump plane

Matthew Busch/Getty Images

Source: Forbes

Trump has an affinity for Brioni suits, which range from $5,250 to $6,900. While the brand provided 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 Trump also has a penchant for expensive fashion. She has been spotted wearing everything from a $2,095 Givenchy cape dress to an International Red Cross Ball to a $7,995 Monique Lhuillier sequin dress to a White House Historical Association dinner. And then there’s the time she donned a $52,000 Dolce & Gabbana jacket.

Melania Trump White House Dinner

Alex Wong/Getty Images

Source: Cheatsheet, Cheatsheet

On several occasions, the former first ladies also wore more casual and affordable brands, such as Converse, which retail for under $50.

Melania Trump Converse

Andrew Harnik/Shutterstock

Source: Business Insider

Melania has had her own makeup artist, Nicole Bryl, who once told US Weekly about 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.

Melanie Trump

US First Lady Melania Trump arrives in the Rose Garden to speak at the White House on May 7, 2018 in Washington, DC.Getty Images/Win McNamee

Source: Cheat sheet

Melania has said that she is a full-time mother and that she refuses to spend money on a nanny. In 2013, she told ABC News that she dressed her son, Barron, in suits and moisturized him with her brand’s Caviar Complex C6 moisturizer. He was then seven years old.

See also  Ranked voting tabulation in Maine's crucial congressional race that begins Tuesday
Melania trumps barron trumps

First lady Melania Trump and Barron Trump walk to Marine One on the South Lawn of the White House on Tuesday, November 21, 2017 in Washington.Associated Press/Evan Vucci

Source: Business Insider, ABC News

In New York, Barron attended Columbia Grammar and Preparatory School, which can cost as much as $59,000 a year. While living in the White House, he attended St. Andrew’s Episcopal School in Maryland, which can cost up to $47,000 a year. He later attended Oxbridge Academy in West Palm Beach, Florida, near his father’s Mar-a-Lago club. (Barron is now a student at New York University.)

baron trump

Mark Wilson/Getty Images

Source: Cheat sheet, The Washington Post, CNN

All three lived in the chic $50 million penthouse in Trump Tower in New York before moving to the White House in 2017. Trump has reportedly said the penthouse is 33,000 square feet, but city records show it is actually 10,996 square feet.

trump rook

Mark Lennihan/AP Photos

Source: Forbes

The Trumps also have properties in sunnier climes, including Le Chateau Des Palmiers in St. Martin, worth $11 million.

LE CHÂTEAU DES PALMIERS

Le Chateau Des Palmiers.Google Maps

Source: Business Insider

They also have a 39,000 square foot mansion in Bedford, New York called Seven Springs, for which they reportedly paid $7.5 million. The home, which is used for family getaways, reportedly has a net worth of $25 million.

Seven Sources Donald Trump

Craig Ruttle/AP Photos

Source: Business Insider, Business Insider

Then there are the two homes in Sterling, Virginia, which are collectively worth $2 million – and his properties in Palm Beach, which are worth more than $300 million.

Palm Beach Florida

Palm beach.pisa photography/Shutterstock

Source: Business InsiderPalm Beach daily news

And then there are its golf courses and clubs, worth an estimated $810 million, in the US, Scotland and Ireland.

See also  Hoe Harris en Trump hun slotpleidooien houden
trump wave

Trump at Trump National Golf Club in Westchester in 2006.Goshorn/Mediapunch via AP

Source: Forbes

That includes the estimated $342 million (after debt) of Mar-a-Lago, a 17-acre estate in Palm Beach that Trump reportedly bought 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

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

Donald Trump Jr.

Donald Trump Jr.Sue Ogrocki/AP

Source: City & Country

Eric and Donald Jr. 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: USA Today

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

Ivanka trumps

Andrew Harnik/Shutterstock

Source: CNN

Some media reports speculated that Ivanka Trump and Jared Kushner’s 2009 wedding at Trump National Golf Club cost them at least $1 million.

Jared Kushner Ivanka Trump

Rob Carr/Getty Images

Source: Cheat sheet

The couple’s combined assets could be worth at least $1.1 billion, according to ethics 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 is not pictured.r.nagy/Shutterstock

Source: CNN

Once Trump settled into the White House, Ivanka and Jared moved to Washington DC, where they lived in a $5.5 million home in the upscale Kalorama neighborhood.

Ivanka Trump family

Pool/Getty Images

Source: 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 Victoria Beckham for Target dress from $35.

Ivanka trumps G20 summit

Pool/Getty Images

Source: W Magazine

Tiffany Trump’s education has always been paid for by Donald Trump, according to a source who spoke to People Magazine. She attended the University of Pennsylvania for her bachelor’s degree and graduated from Georgetown Law School in 2020, which costs more than $80,000 per year for the full-time JD program.

Tiffany Trump

Alex Wong/Getty Images

Source: People, The Washington Post, Georgetown Law School

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

tiffany trump

Astrid Stawiarz/Getty Images

Source: TeenVogue

Tiffany Trump married businessman Michael Boulos in November 2022 at her father’s Mar-a-Lago club in South Florida. Her engagement ring was reportedly worth $1.2 million.

Tiffany Trump

Tiffany Trump, left, and Boulos, right.Manuel Balce Ceneta/AP

Source: Insider

There is debate about 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 leaving the White House on July 25, 2017 in Washington, DC. Trump travels to Ohio to participate in a ‘salute to American heroes’ and a ‘Make America Great Again Rally.’Chip Somodevilla/Getty Images

Source: The New Yorker, GOBanking Rates, The Washington Post

Read the original article on Business Insider

- Advertisement -
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments