The net worth of Donald Trump, the 45th and 47th president of the United States, is not publicly known. For decades, Forbes has assessed his wealth, currently estimating it at $6.9 billion as of September 2026. Bloomberg estimated his wealth at $7.08 billion in January 2025. After the early 2025 launch of $Trump, Trump's own cryptocurrency, Axios temporarily estimated his net worth to be $58 billion.
He received gifts, loans, and inheritance from his father, Fred Trump, who was a real-estate developer and businessman. Donald Trump's primary business has been real estate ventures, including hotels, casinos, and golf courses. He also made money from Trump-branded products including neckties, steaks, and urine tests. Money received through political fundraisers is used to pay for guest stays at properties owned by the Trump Organization and to pay his and his allies' lawyers.
During his second presidency, Trump has enriched himself considerably, including through foreign business deals. On his conflicts of interest and business dealings while in office, Trump said, "I found out that nobody cared, and I’m allowed to."
Gifts, loans, and other wealth from his father Drawing upon more than 100,000 pages of tax returns and financial records from Fred Trump's businesses and interviews with former advisers and employees, the New York Times found 295 distinct streams of revenue that Fred Trump created over five decades in order to channel his wealth to his son.
In a 2007 sworn deposition, he acknowledged borrowing $9.6 million from his father's estate, and on the presidential campaign trail in 2015, he admitted to borrowing $1 million from his father as a young adult.
Trust funds Trump is the beneficiary of several trust funds set up by his father and paternal grandmother, which began in 1949 when he was three. According to The New York Times, he "was a millionaire by age 8." In 1976, Fred Trump set up trust funds of $1 million ($ million in dollars) for each of his five children and three grandchildren. Donald Trump received $90,000 in 1980 and $214,605 in 1981 through the fund.
Tax fraud
For four years, Fred Trump held shares in the Trump Palace condos, and in 1991, he sold them to his son well below their purchase price, masking what could be considered a hidden donation and giving him the benefit of a tax write-off. Fred Trump died in 1999. In 2018, when the matter came to light, the New York State tax department and New York City officials said they would investigate.
The court found that Donald Trump had for years committed fraud against banks, insurers, and others by exaggerating his net worth and significantly overvaluing assets in documents used to make deals and secure financing. The fraud included two of his residences: his apartment in Trump Tower (the statements claimed it was roughly triple its true size and value) and Mar-a-Lago (the statements inflated its value by approximately 22 times). In 2024, Trump was found liable for $355 million in disgorgement and roughly $100 million in interest. His oldest two sons (Donald Trump Jr. and Eric Trump) were ordered to pay $4 million each, while Allen Weisselberg was ordered to pay $1 million. After the decision, interest continued to accrue. As Donald Trump did not pay the judgment while he appealed the decision, by the end of 2024, the total he owed had increased to over $500 million.
Inheritance In 1993, when Trump took two loans totaling $30 million from his siblings, their anticipated shares of Fred's estate amounted to $35 million each. Upon Fred Trump's death in 1999, his will divided $20 million (after taxes) among his surviving children.
Pre-presidency
Lawsuits From the 1970s until he was elected president in 2016, Donald Trump and his businesses were involved in over 4,000 legal cases in U.S. federal and state courts, including battles with casino patrons, million-dollar real estate lawsuits, personal defamation lawsuits, and over 100 business tax disputes. At least 25 women accused him of sexual harassment or sexual assault.
Real estate In 2015, in Manhattan, Trump's name was displayed on 17 buildings, plus Wollman Rink, and, in the Bronx, his name was on the Trump Golf Links golf course. Where his name appears on a building, it does not necessarily mean he owns the building; it represents his ownership of a unit within the building, a licensing agreement or condition of sale, or property management by the Trump Organization.
The Apprentice From his television show The Apprentice and related licensing and endorsements, Trump received $427.4 million from the show's beginning in 2004 through 2018.
Due largely to income received from the show, he paid a combined $70.1 million in federal taxes in 2005, 2006, and 2007. He paid no taxes in 2008. When he filed taxes in 2009, he declared over $700 million in business losses and, on that basis, he asked for a refund of his federal income taxes paid in 2005–2007. He was eventually refunded the $70.1 million plus over $2.7 million in interest. As of 2020, auditors were still considering the matter. If he is asked to return that federal refund, then, considering added interest and penalties, he may owe over $100 million to the federal government.
The New York Times said: "He also received $21.2 million in state and local refunds, which often piggyback on federal filings," and he may be obligated to return those refunds, too.
Foundation
Trump formed his charitable foundation in 1988. In the first decade of the 2000s, he gave away $2.8 million through the foundation (though he had pledged three times that amount). He stopped personally contributing to the foundation in 2008, though he accepted donations from others. In 2018, the foundation agreed to shut down. It was facing a civil lawsuit by the New York attorney general (AG) that alleged "persistently illegal conduct" including self-dealing and funneling campaign contributions. Furthermore, it had never been properly certified in New York and did not submit to the annual audit that would have been required. In November 2019, Trump was ordered to pay a $2 million settlement for misusing the foundation for his business and political purposes.
First presidency "I became President because of the brand...I think it's the hottest brand in the world," Trump testified in April 2023 in the New York civil investigation. He suggested that the "brand value" of the U.S. presidency had been worth to him "maybe $10 billion or something."
During his presidency, Trump reported over $1.6 billion of outside revenue and income from his companies, including the Trump Organization. "While Trump publicly took credit for donating his taxpayer-funded salary," Citizens for Responsibility and Ethics in Washington noted that the presidential salary he donated was not even one-thousandth of what he was earning as a businessman.
Nonetheless, the Forbes estimate of his wealth decreased from $3.7 billion just before he took office to $2.5 billion when he left it.
Five months into his presidency, the Trump Organization paid off a loan to L/P Daewoo, a company with ties to North Korea. During the campaign, the debt of nearly $20 million had not been mentioned in the Trump campaign's financial disclosure filings.
Political donations from small and large donors alike ended up funding Trump's personal businesses. During his presidency, his businesses received $8.5 million from political fundraising under his control, including the Trump campaign, and $2 million from other Republican fundraising sources.
Though the Trump Organization claimed it would let federal employees who traveled with President Trump stay at his properties “for free” or “at cost”, it charged the Secret Service up to $1,185 per night, generating over $1.4 million in Secret Service lodging expenses over four years. This bill is charged to taxpayers and paid to the Trump Organization.
During the first two years of his term, the governments of China, Turkey, Malaysia, Saudi Arabia, Qatar, and the United Arab Emirates spent a combined total of over $700,000 at the Trump International Hotel in Washington, D.C.
For federal income taxes, Trump paid $750 in 2017, a combined $1.1 million in 2018 and 2019 (when his taxable income was nearly $23 million and nearly $3 million respectively), and nothing in 2020 (when he reported a loss of over $16 million).
On March 17, 2023, Washington, D.C. representative Jamie Raskin, Ranking Member of the Committee on Oversight and Accountability, released a report on Donald Trump. Trump and his family members were accused of failing to publicly provide details about more than 100 foreign gifts he received. Some records disclosed that Saudi Arabia's crown prince Mohammad bin Salman provided 16 unreported gifts worth more than $45,000 to Trump, including swords and daggers. Japanese Prime Minister Shinzo Abe gifted Golden Golf Clubs to Trump. India provided 17 gifts, with an estimated value of $47,000.
On January 3, 2024, Raskin and House Oversight Committee Democrats released a report showing that Trump's businesses had received $7.8 million in payments from foreign governments during his presidency. On January 10, during a Fox News town hall, Trump admitted that foreign governments had paid him for hotel stays. "I was doing services for that," Trump said. Raskin demanded that Trump return all money received to the U.S. Treasury.
Because the ruling in the New York civil case banned him from “borrowing from New York-chartered banks until 2027,” the Financial Times wrote in February 2024, “this sharply raises the leverage of potential lenders in the Gulf and elsewhere.”
2016 financial disclosure The 98-page disclosure for 2016 shows that his holdings were least $1.5 billion. During that year, he held numerous stocks, including Amazon, Exxon Mobil, Goldman Sachs, Microsoft, Toyota and others.
2017 financial disclosure The disclosure for 2017 showed that Trump had completely reimbursed his former personal lawyer Michael Cohen in the amount of between $100,001 and $250,000.
Trump also earned $40 million from a Washington, D.C. hotel owned by his company. In response, Senator Richard Blumenthal (D-Conn.) and others in congress filed a lawsuit on the basis that Trump had violated the emoluments clause, which states that it is illegal to profit from a foreign state. It was argued that Trump profited then lobbyists or government officials from Kuwait, Saudi Arabia, and Malaysia used the hotel.
Between presidencies
Loans and accounting After Trump lost the 2020 election, Deutsche Bank senior banker Rosemary Vrablic announced on December 22, 2020, that she was resigning from the bank, effective December 31. The reasons for her resignation were unknown, but the New York Times provided context: In 2011, Vrablic had taken Trump as a client and loaned him $300 million, although this was controversial within the bank, especially as Trump had defaulted on a large loan they'd given him just three years earlier. She also engaged in personal business transactions with Trump. It was expected that Deutsche Bank employees would be asked to testify before a grand jury in the criminal investigations of the Manhattan DA.
In February 2022, Trump's longtime accounting firm, Mazars, said it no longer trusted his information and would no longer serve as his accountant. Nonetheless, that month, Axos Bank loaned Trump $100 million on Trump Tower at 4.25 percent for 10 years. In May 2022, it loaned him $125 million on his Doral golf resort at 4.9 percent for 10 years. Axos CEO Gregory Garrabrants authorized both loans.
Trump's 2024 assets were valued at $1.6 billion or more, and his income that year was over $600 million. Income sources included crypto, golf clubs, and licensing. This was revealed in a public financial disclosure on June 13, 2025.