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Where does Donald Trump’s money come from? Learn about its main businesses and companies

Where does Donald Trump’s money come from? Learn about its main businesses and companies

In 2016, Donald Trump ran for president for the first time on the brand he has built over the years, that of a successful businessman. Over the decades, his Trump Organization has amassed numerous real estate properties and managed a variety of products bearing the family name, while trying to hide the corruption behind it from enough people.

Trump Sr lends Donald a helping hand

Donald Trump claimed to have started his business a “very small loan” of $1 million from his father in 1975. Oh, what we could all do with that “small” start in life, but this it turns out it was even more substantial.

A 2018 New York Times investigation based on more than 100,000 financial documents, revealed that he received an inheritance worth about $413 million, in part through alleged tax schemes dating back to the 1990s. The report said Trump and his siblings received more than $1 billion from their parents, helping them avoid taxes. Both Trump and the White House, at the time he controlled it, dismissed the story.

Trump’s words hurt business

However, his rhetoric during the 2016 presidential campaign saw the brand name slammed, prompting corporate partners to cut ties and residents of buildings bearing the Trump name seeking to have it removed. While he was in the White House, projects to expand the family business were suspended or even scaled back.

Since leaving office they have been revived with several overseas licensing agreements. He even ventured into new fields, including the digital sphere.

More recently, of course, Trump lost a civil tax fraud case in New York and was was ordered to pay $464 million in fines, later reduced to a cash payment of about one-third of that amount to avoid seizure of assets during his appeal.

What are Donald Trump’s top businesses in 2024?

The main business of the Trump Organization is real estate with it stadium holdings of approximately $1.8 billion according to an analysis by Forbes a Trump net worth. These include residential and commercial properties, as well as golf clubs and resorts with a large portion in New York, but also spread throughout the United States and abroad.

In the Federal Election Commission 2021 financial disclosure filings reported over $5 million in revenue at each of them including the Mar-a-Lago Club, golf clubs in New Jersey, Palm Beach, Virginia and Scotland. In addition, other distinctive properties in New York and Chicago grossed more than $5 million apiece that year.

While the valuation of his digital platform Truth Social is between $5 million and $25 million, he claimed he took no more than $200 in disclosure. However, the SEC recently gave the green light for Trump Media and Technology Group, the platform’s parent company, to merge with Digital World Acquisition.

If shareholders approve the deal, could be an exception for the former president who used Truth Social to reach his supporters after being banned from other social media platforms for a period following the January 6 attack on the US Capitol.

In addition to the above, Trump recently launched a the new line of shoes at a high price at Sneaker Con in Philadelphia, based on his time in the White House and legal issues since leaving. He also practiced NFTs carrying photoshopped images of him, despite the fact that the market for digital art collapsed before he got into it.

If Trump wins the 2024 election, all bets are off on where his future fortune will come from. He has already talked about including Elon Musk in his decision-making group, and Jeff Bezos is happily ignoring some of the more pointed comments coming out of the campaign for business wins. Then there is no conflict of interest. The rich are looking to benefit from a Trump presidency that would see the gap between everyone else widen.

Given the almost unlimited power he will have for at least four years, the chances of him being held accountable for his past misdeeds are slim to none.