Donald Trump Net Worth 2017: Assets of U.S. President, Senior Officials Revealed
Donald Trump's net worth has been much-talked-about, which is understandable, considering that before taking office, the 45th President of the United States was considered as one of the richest and most successful businessmen in the country.
During the presidential campaign trail, Trump claimed to be worth about $10 million but Forbes' 2017 ranking of the world's billionaires puts the real estate magnate-turned-President's current net worth at $3.5 billion.
In a detailed breakdown of Trump's assets, Forbes reveals that about $1.7 billion is from his New York City real estate holdings, which include Trump Tower, Trump Park Avenue, Trump World Tower, Trump Parc and Trump Parc East.
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Meanwhile, the President's real estate holdings outside New York City are worth about $630 million. Properties include the Trump International Hotels in Washington, D.C., Chicago and Las Vegas.
Trump's golf courses and clubs are said to be worth $620 million. Included in this category is Trump's Mar-a-Lago estate in Palm Beach, Florida, which the President has dubbed the "Winter/Southern White House."
Trump's $3.5 billion net worth also takes into account his $230 million licensing and branding business as well as $230 million in cash and personal assets.
Since taking the top seat in the White House, Trump has handed control of his real estate empire to his two sons — Donald Jr. and Eric.
As for his presidential salary, Trump previously said that he would not be taking the $400,00 pay he is entitled to each year. White House press secretary Sean Spicer recently announced that Trump has donated his first quarter salary, amounting to $78,333.32, to the National Park Service.
In other news, the White House recently disclosed the finances of Trump's senior officials, which include son-in-law Jared Kushner and daughter Ivanka, who reportedly have around $740 million in assets.
Similarly well-off are Trump's chief strategist, Steve Bannon, worth somewhere between $13 million and $56 million, with his firm, Bannon Strategic Advisors Inc., worth around $25 million; and chief economic advisor Gary Cohn, who earned at least $40 million from his previous position at Goldman Sachs. Cohn also reportedly earned $1 million from the Industrial and Commercial Bank of China.
Kellyanne Conway, campaign manager-turned-counselor to the U.S. President, earned at least $800,000 last year and her consulting firm is worth between $1 million and $5 million. She is also said to have around $40 million in assets.
