Presidential Trivia: As the richest president in American history, how big is Trump’s business empire

In the history of U.S. presidents, Trump was the first person elected president as a businessman. Before that,…

In the history of U.S. presidents, Trump was the first person elected president as a businessman. Before that, the Trump Organization, founded by Trump, started as commercial real estate. It has been operating for decades and has become a giant consortium. Trump has more than 500 companies in at least 25 countries around the world, but many of them are just A shell company established to hold shares in other companies. More than half of the industries here are promoted under Trump’s name. The group’s business ranges from commercial residences, hotels, golf courses, wineries to catering, beauty pageants, and retail. Before becoming president, Trump was chairman and president. After becoming president, the group business was managed by his two sons, Don Jr. and Eric.

In recent years, Trump has claimed on various occasions as the richest president in American history. In 2019, Trump was ranked 715th on the Forbes Global Billionaires List, and he was worth $3.1 billion. Therefore, the richest president in history is also worthy of the name.

Presidential Trivia: As the richest president in American history, how big is Trump’s business empire
Presidential Trivia: As the richest president in American history, how big is Trump’s business empire

According to Forbes magazine, Trump’s four buildings are one of its most important assets, three of which are located in Manhattan, New York, and one in San Francisco, all located in the prosperous local business district. The total value of these four buildings alone is as high as 1.5 billion US dollars, which is almost half of its assets. Among them, the “Trump Tower” in New York was on the top floor of the building with his family before Trump entered the White House.

Mr. President not only has many assets in the United States, but also in South Korea in Asia, Uruguay in South America, and Turkey in Europe, there are also Trump Group real estate. For example, in Bali, Indonesia, Trump cooperated with MNC Group to build a high-end Trump International Hotel. According to Trump himself, only the naming fee for “Trump” earned him approximately US$5 million within a year. In addition, Turkey, Panama, Ireland, the Philippines, India, the United Arab Emirates and other places have also established international hotels.
In addition to hotels, Trump is also very keen on golf. Over the years, he has spent huge sums of money to buy and build 17 golf courses all over the world, covering Ireland, Scotland, Dubai and other places. Some of them have also hosted World Championships and Manchuria. Guan and other heavyweight events.

In the 1990s, Trump also operated three casinos, namely “Trump Plaza”, “Trump Castle” and “Trump Taj Mahal.” These casinos once brought Trump a huge revenue of up to 400 million U.S. dollars, but the good times did not last long, and the poor management and debts were too high and closed down. In addition to real estate, according to authoritative media reports, Trump held a total of $38 million in stocks in the financial market before he was elected president.

There are also lesser-known companies under the Trump Organization. Although it is not well-known, it can still obtain considerable benefits. For example, Trump has a private jet leasing company called Sentient Jets. The main business of the company is to allow some wealthy individuals to lease private jets by the hour. The company has cooperation with many international private jet companies.

In addition, Trump was once a “reality TV star”, and he also had his own TV production company under his name. For example, “The Apprentice” (The Apprentice), “Pageant Place” (Pageant Place), “The Celebrity Apprentice” (The Celebrity Apprentice), and many other well-known American shows are produced by Trump. In addition, because of the production needs of the show, a model company has been set up.
On April 7, 2020, Forbes released the 34th global billionaires list. Trump’s latest wealth is valued at $2.1 billion, ranking 1001th this year and 715th last year. The scale of asset shrinkage is close to one-third. These are largely due to the recent global epidemic.

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