US President Donald Trump is also famous as a wealthy businessman. How much is his wealth? Only people close to him can tell about Trump’s real assets. The rest is just guessing.
The reason for this is that Trump’s golf course, real estate, casino and hotel business is completely private limited. Of course, there is no obligation to issue its balance sheet. Apart from this, he has also kept the details of the tax paid by him a secret. Despite repeated requests to make it public, he is refusing.
Forbes and Bloomberg, the companies that keep records of the wealthiest people, have different estimates of Trump’s wealth.
According to Forbes, his net worth is $4.5 billion, while Bloomberg estimates it to be $2.9 billion.
Trump’s name is not in the list of American rich people released by Forbes, because Forbes only publishes the list of those people whose wealth is officially declared. If the Forbes estimate is correct and Trump’s wealth is $4.5 billion, then at least 120 Americans are richer than him. According to BBC, there are 21 people who are richer than him in India.
According to US rules, Trump has named his companies in the names of his three children – Donald Jr., Ivanka and Eric, at least on paper. Because he has been accused of making many business deals after becoming the president.
The Trump family in the current standing is estimated to have amassed significant wealth of $7.2 billion. Melania has $50 million, Donald Jr and Eric Trump have 35$ million each.
(with agency support)
