How much money does Donald trump have? This is one of the things that many people out there are curious about, especially as he refused to let the public have a glimpse of his tax return after he has been elected as the President.
In fact, he is the first modern political history candidate who refuse to release a report of his taxes. Because of that, some people think that he may be hiding something like he might have avoided some taxes on some of his business but is that actually the case?
According to the rough estimate of Forbes, they have estimated Trump to have about $3.5 billion as of February this year. Their estimate show that the President has $230 million for his brand businesses, $270 million for his cash & personal assets, $620 million for his golf clubs & resorts, $1.7 billion for his real estate properties in NYC and $630 million for his real estate properties outside New York, amounting to $3.5 billion all in all.
Some of the assets that Donald Trump have includes the Trump Tower, Trump Park Avenue, Trump International Hotel, Trump Parc East, Trump Tower Penthouse, Trump Plaza, Trump Winery and the Trump World Tower. Because of these unending number of assets that he have, many people think that the money that he has is more than $3.5 billion. In fact, even Trump himself said that his net worth is “in excess of 10 billion dollars”.
He also said that the media has underestimated his assets. On the other hand, it has also been discovered that he has acquired more debt. In fact, it is said that last year, a loan worth $300 million has been added to his debt and we should also consider the fact that the interest of the loan would also reach millions of dollars. He got this loan for his condo buildings and golf courses.
Even until today, it still remains as a mystery on as to whether Donald Trump’s net worth is $3.5 billion just as the media says or its actually $10 billion just as he says. The only way for us to know the answer is by Trump revealing his tax return. Either way, we cannot deny the fact that Trump is still a billionaire and someone who has more money than a lot of people out there.