How does Donald Trump make and spend his millions? The first billionaire US president raked it in from reality TV and real estate, owns 19 golf courses … and one year spent US$17,000 on hairstylists

How does Donald Trump spend his billions? Photos: @Trump/Twitter, AP, AFP

Donald Trump went from real estate magnate to reality TV star to being elected the 45th president of the United States in 2016.

Worth US$3 billion, according to a Forbes tally of all the assets Trump owns, he was the first billionaire to enter the White House.

Trump’s fortune mainly stems from his property and hospitality businesses.

On Wednesday, September 19, New York’s attorney general filed a sweeping civil suit against Trump, his business and his three eldest children, Donald Jr., Eric and Ivanka. Letitia James said Trump “falsely inflated his net worth by billions of dollars” and “repeatedly and persistently manipulated the value of assets to induce banks to lend money to the Trump Organization”.

Here’s what Trump’s portfolio of golf courses, luxury cars, hotels, yachts, a vineyard and aircraft looks like.

Donald Trump is worth an estimated US$3 billion

Former US President Donald Trump golfs at Trump National Golf Club on September 13, in Sterling, Virginia. Photo: Getty Images/AFP

Trump, 76, is worth an estimated US$3 billion, according to Forbes, after falling by US$1 billion during the pandemic. His holdings include several golf courses, hotels, luxury cars, yachts, a vineyard, planes and helicopters.

The former president’s fortune peaked in 2016, when he was worth an estimated US$4.5 billion.

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His wealth is centred around his commercial real estate holdings, which were worth an estimated US$1.9 billion before the Covid-19 pandemic and after deducting debt, per Forbes.

Former President Donald Trump signs the coronavirus stimulus relief package, in the Oval Office at the White House, in March 2020, in Washington DC. Photo: AP Photo

While running for the presidency, Trump spent US$66 million of his own money to help fund his campaign, according to campaign-finance disclosures examined by Reuters.

Trump was the first billionaire to become a US president and donated his annual salary of US$400,000.

His New York City properties account for more than US$1 billion of his net worth

Trump Park Avenue in New York City. Photo: @Trump/Twitter

Revenue sources include licensing, branding, golf resorts and the Central Park ice-skating rink.

Skaters take to the ice at Wollman Rink in New York’s Central Park, in November 2016. Photo: AP Photo

The Trump Tower penthouse was the 45th president’s main residence before moving to Washington DC. It is valued at US$50 million, according to Forbes.

A doorman stands at the entrance of Trump Tower in the Manhattan borough of New York City, New York, US, in October 2021. Photo: Reuters

Trump companies own at least 14 properties in New York City, including Trump World Tower and Trump Tower. Forbes estimated his NYC portfolio to be worth US$960 million.

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Trump World Tower and Trump Tower, from left to right. Photos: Wire

Trump owns properties in Palm Beach, Florida, including Trump Grande, Trump Tower Sunny Isles and Trump Hollywood, according to the Trump Organisation’s website. They are worth an estimated US$25 million, according to Forbes.

Donald Trump owns properties in Palm Beach, Florida. Photo: Bing Map

Forbes estimated that Trump Organization-owned Mar-a-Lago was worth US$350 million. The former president has used the private members’ club as his main residence since leaving the White House.

Former President Donald Trump’s Mar-a-Lago estate in Palm Beach, Florida, on August 31. Photo: AP Photo

Trump also owns an estate on the Caribbean island of Saint Martin called Le Château des Palmiers. It’s on the market for US$15.5 million.

The St Martin estate of Le Château des Palmiers, owned by Donald Trump, was quietly listed for sale. Photo: Sotheby’s International Realty

The former president also owns residential properties in New Jersey, Connecticut, Hawaii, Illinois and Nevada, as well as Europe, Asia and South America.

The Trump Towers Pune complex in Pune, Maharashtra, India, in February 2018. Photo: Bloomberg

Trump’s assets also include hotels in Florida, Hawaii, Illinois, Nevada, Virginia and New York, as well as Ireland and Scotland.

Pedestrians walk past the Trump International Hotel in Washington DC, US, in June 2021. Photographer: Bloomberg

He owns golf courses, private jets and luxury cars

Former US President Donald Trump plays a round of golf at Trump Turnberry Luxury Collection Resort during his first official visit to the United Kingdom, in July 2018, in Turnberry, Scotland. Photo: Getty Images/TNS

Trump owns 19 golf courses and played golf almost 300 times during his presidency, according to the website Trump Golf Count.

Aside from his real estate portfolio, Trump has a penchant for aircraft and luxury cars. He owns five aircraft and a variety of cars, from a Rolls-Royce Silver Cloud to a Mercedes-Benz 3600, according to The Washington Post.

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A Rolls-Royce Silver Cloud de 1956. Photo: Wikimedia Commons

Trump also bought his wife Melania Trump a US$455,000 SLR McLaren, The Washington Post reported.

Trump bought his Boeing 727 for US$100 million

Then Republican presidential candidate Donald Trump speaks at a campaign rally in airport hanger in Sacramento, California. Photo: Visions of America/Universal Images Group via Getty Images

Trump bought his Boeing 727 – nicknamed “Trump Force One” during his 2016 election campaign – from billionaire Paul Allen in 2010 for US$100 million. The aircraft costs thousands of dollars an hour to fly, per The New York Times.

Trump also has a Sikorsky S-76 helicopter that costs between $5 million and $7 million.

Then presumptive Republican nominee for US president Donald Trump arrives by helicopter to his Trump Turnberry Resort, in June 2016, in Ayr, Scotland. Photo: Getty Images

He spent US$60,000 to buy a portrait of himself

Former President Donald Trump and Michael Cohen. Photo: AP Photo

In 2013, Trump spent US$60,000 to buy a portrait of himself by the artist William Quigley.

In 2019, Trump’s former lawyer, Michael Cohen, accused him of paying for it with money from the Donald J. Trump Foundation charity.

He owns a book about Muhammad Ali worth US$15,000

Three-time heavyweight boxing champion Muhammad Ali and his ex-wife Veronica in 1985. Photo: UPI Photo

Trump owns a copy of GOAT, a book about the boxer Muhammed Ali, that is worth an estimated US$15,000. Just 1,000 copies were printed, with each one signed by Ali.

He’s spent thousands on hairstylists and suits

Former US President Donald Trump pats down his hair as he speaks during the Coronavirus Task Force daily briefing on Covid-19 in the Rose Garden of the White House in Washington DC, in March 2020. Photo: AFP

In 2017, Trump spent US$70,000 on hairstylists, according to The New York Times – expenses he claimed as a tax deduction.

Trump’s suits are mostly made by the Italian label Brioni, a spokesperson told The New York Times, and cost between US$6,000 and US$17,000.

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He sends his son Barron to Oxbridge Academy

Barron and Donald Trump. Photo: @barronupdate/Instagram

The private school in Palm Beach close to Mar-a-Lago charges US$35,000 a year for tuition.

This article originally appeared on Insider
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Donald Trump
  • New York state recently sued Donald Trump and his eldest kids, Donald Jr., Ivanka and Eric, accusing Trump of ‘falsely inflating his net worth by billions of dollars’
  • Trump is hardly hurting for cash though, gifting a US$455,000 SLR McLaren to his wife Melania and buying his ‘Trump Force One’ private jet from Paul Allen for US$100 million