This short, easy to follow video explains how Donald Trump rose to wealth. The video addresses Trump’s family history, his investment wins, and business loses.
One of the more interesting parts of the video is towards the end where the issue of Trump’s net worth is examined.
According to Trump’s campaign, he is worth “in excess of TEN BILLION DOLLARS”. However, he has also been accused in the past of artificially inflating his net worth. Forbes and Bloomberg News both have drastically different estimates of his wealth at $4.5 billion and $2.9 billion respectively.
Using the middle of the road figure from Forbes, here is how Trump’s wealth breaks down:
– 48% is in New York City real estate
– 7% is in cash and liquid assets such as investments
– 8% is in golf courses
– 4% is in “toys” such as helicopters, penthouse, or his Boeing 757 plane
The remainder includes other real estate assets outside of New York City, as well as the value of the licensing agreements for hotels, real estate, or other Trump products.
A little bit about The Money Project:
The Money Project aims to use intuitive visualizations to explore ideas around the very concept of money itself. Founded in 2015 by Visual Capitalist and Texas Precious Metals, the Money Project will look at the evolving nature of money, and will try to answer the difficult questions that prevent us from truly understanding the role that money plays in finance, investments, and accumulating wealth.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.