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W
hat’s Donald Trump really worth?
Everyone has an opinion, but Forbes has the answer: $5.1 billion, according to our most recent tally, updated in March. It’s quite a comeback for the former president, who more than doubled his net worth in a year, taking advantage of his diehard following. First, Trump sold shares of his money-losing social-media platform, leaving him with a stake worth about as much of all his real estate combined. Then, he pushed his crypto offerings, which added hundreds of millions in liquidity. It pays to be king.
By Dan Alexander, Forbes Staff
How Rich Is Donald Trump: $5.1 billion
FORBES ESTIMATE AS OF MARCH 2025
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Truth Social’s Parent Company: $2.6 billion
FORBES ESTIMATE AS OF MARCH 7, 2025
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Trump Media and Technology Group
Net Value: $2.6B
From a financial standpoint, Trump’s social-media venture is one of the most absurd businesses in America, generating sales of just $3.6 million in 2024 and recording a net loss of $401 million. Revenues dropped 12 percent in a year, even while Trump dominated most news cycles. Yet Trump-loving traders still bid up shares to head-scratching prices. Shares have lost more than half of their value, but that still leaves the president with a multibillion-dollar position.
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Trump’s Real Estate Investments: $1.1 billion
FORBES ESTIMATE AS OF MARCH 2025
ANTHONY BEHAR SIPA/USA NEWSCOM
1290 Avenue of the Americas
Total Value: $1.8B
Debt: $950M
Net value: $252M
What Trump owns: 30% stake in office and retail
The former president has a stake in the Manhattan skyscraper that is five blocks south and one block west of Trump Tower, but he has no control over the building. It is overseen by Steven Roth, CEO of Vornado Realty Trust, who served on the economic advisory council of Trump’s 2016 campaign.
CRAIG WARGA/BLOOMBERG
6 East 57th Street
Total value: $148M
Debt: $0
Net value: $148M
What Trump owns: Two leaseholds on retail lasting until 2079 and 2094
Online shopping wounded buildings like this, a glitzy, 65,000-square-foot space just off Fifth Avenue, in the middle of what was once one of the world’s busiest retail locations. High-priced sales coming out of the pandemic injected a dose of optimism, however.
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555 California Street
Total value: $1.6B
Debt: $1.2B
Net value: $120M
What Trump owns: 30% of three-building complex
Trump and his partner, Vornado Realty Trust, refinanced their San Francisco tower shortly after his first term, more than doubling their debt load. Vornado hedged the variable interest rate on the new loan, while Trump initially let his portion float, costing him millions of dollars.
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Trump Tower
Total value: $200M
Debt: $100M
Net value: $100M
What Trump owns: Office and retail
A Forbes analysis of records suggests that Trump lied about the size of Trump Tower, claiming it included 246,000 square feet of retail and office space. Property records list 235,000 square feet, 53,000 of which cover less-valuable common elements like elevators, public restrooms and mechanical spaces.
DANIEL ACKER/BLOOMBERG NEWS
Trump Park Avenue
Total value: $93M
Debt: $0
Net value: $93M
What Trump owns: 17 condos, portion of retail
One month after entering the Oval Office in 2017, Trump sold a penthouse apartment in Trump Park Avenue for $15.9 million. The buyer: Angela Chen, who apparently helmed a business called Global Alliance Associates, which boasted on its website that it could leverage its network with “the highest levels of government officials.”
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Four Florida homes
Total value: $98M
Debt: $10M
Net value: $88M
Location: Palm Beach, Fla.
Trump is only known to have bought one piece of real estate during his first term—a mansion across the street from Mar-a-Lago, which his sister sold to him for about $19 million in 2018. That seemed like plenty of money at the time, but today it looks like a bargain.
KIICHIRO SATO/AP PHOTO
Trump International Hotel & Tower Chicago
Total value: $78M
Debt: $0
Net value: $78M
What Trump owns: Retail, portion of residential and parking
The former president paid off $45 million of Deutsche Bank debt in October 2023, then terminated a mysterious second loan two months later, unburdening a property that had struggled with debt issues since its construction.
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Trump International Hotel Las Vegas
Total value: $140M
Debt: $0
Net value: $70M
What Trump owns: 50% of hotel and condos
Along with his billionaire partner Phil Ruffin, Trump sold dozens of units inside the golden tower from 2017 to 2020.
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Trump Tower penthouse
Total value: $50M
Debt: $0
Net value: $50M
What Trump owns: 11,000-square-foot residence in New York City
The former president lied about the size of his home atop Trump Tower for years, claiming it was 33,000 square feet. City records indicate it’s really 10,996 square feet.
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Residential lots
Total value: $45M
Debt: $0
Net value: $45M
Location: Rancho Palos Verdes, Calif.
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Trump Winery
Total value: $44M
Debt: $0
Net value: $44M
Location: Charlottesville, Va.
FRANK FRANKLIN II/AP PHOTO
Trump Parc / Trump Parc East
Total value: $29M
Debt: $0
Net value: $29M
What Trump owns: Residential condos, garage, portion of retail.
The president offloaded three condos in Trump Parc East for a total of $7.5 million during his first term. In all three cases, the buyers were anonymous shell companies.
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Seven Springs
Total value: $30M
Debt: $5M
Net value: $25M
Location: Bedford, N.Y.
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Trump World Tower
Total value: $20M
Debt: $0
Net value: $20M
What Trump owns: Commercial, garage, portion of residential
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Trump Plaza
Total value: $19M
Debt: $0
Net value: $19M
What Trump owns: Two co-op units and a leasehold on retail, garage and portion of residential
JEAN-MARC LECERF/GAMMA-RAPHO/GETTY IMAGES
Home in St. Martin
Total value: $12M
Debt: $0
Net value: $12M
Trump purchased the property in 2013 from an Indiana businessman with whom he was friends. The price was never disclosed. He listed it for sale in May 2017 for $28 million, only to slash the price a few months later. It still has not sold.
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Trump International Hotel & Tower (New York)
Total value: $10M
Debt: $6M
Net value: $5M
What Trump owns: Retail, garage, portion of residential
Bobby Bank/WireImage/Getty Images
Briarcliff, New York land
Total value: $5M
Debt: $0
Net value: $5M
What Trump owns: Vacant land
Jamie Stoker/WWD/Penske Media/Getty Images
Two Virginia homes
Total value: $2M
Debt: $0
Net value: $2M
What Trump owns: Two homes next to one of his golf clubs
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Trump Palace
Total value: $500K
Debt: $0
Net value: $500K
What Trump owns: Storage units
SANDRA BAKER/ALAMY STOCK PHOTO
40 Wall Street
Total value: $84M
Debt: $117M
Net value: -$33M
What Trump owns: Leasehold through 2059
Trump’s tower in Lower Manhattan has struggled to generate enough cash to cover its debt expenses, according to an analysis of SEC documents. That’s bad news for Trump, who has more than $100 million of debt against the building set to mature in 2025.
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Trump’s Golf Clubs And Resorts: $1.1 billion
FORBES ESTIMATE AS OF MARCH 2025
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Mar-a-Lago
Total value: $400M
Liabilities: Est. $32M
Net value: $368M
What Trump owns: Private club in Palm Beach, Fla.
The private club has benefited from politics more than any other property, something Trump foreshadowed in a 2016 deposition. “The manager told me recently, he said, ‘Boy, it is actually the best year we’ve ever had at Mar-a-Lago.’ And I was looking at the numbers. I said, ‘What do you attribute this to?’ He said, ‘The campaign.’” Since then, business has only gotten stronger, with initiation fees soaring and estimated profits tripling.
The Trump Organization
U.S. golf clubs
Total value: $426M
Liabilities: Est. $89M
Net value: $338M
What Trump owns: 10 courses in 6 states
Trump’s golf game took off after he left the White House the first time. Estimated operating profits at his clubs jumped from $19 million in 2020 to $48 million in 2023.
JOE RAEDLE/GETTY IMAGES
Trump National Doral Miami
Total value: $383M
Liabilities: Est. $135M
Net value: $248M
What Trump owns: Resort
The indebted Florida golf resort lost much of its northeastern clientele after Trump got into politics, nearly putting it underwater. But plenty of new customers have in the aftermath of the Covid-19 pandemic, pushing estimated profits to $25 million, double their best year during Trump’s first term.
David Cannon/Getty Images
Three European golf properties
Total value: $100M
Debt: $0
Net value: $100M
What Trump owns: Two golf resorts in Scotland, one in Ireland
The Trump Organization declared losses of more than $100 million at its European golf resorts, according to an analysis of records from Ireland and the United Kingdom. But business seems to be picking up recently.
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Trump’s Liquid Assets: $770 million
FORBES ESTIMATE AS OF MARCH 2025
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Liquid assets
Net value: $774M
The president is flush with cash, having collected hundreds of millions from cryptocurrency sales just before returning to the White House. Those earnings piled on top of a stockpile he had already been accumulating by selling his Washington, D.C. hotel and refinancing a San Francisco office complex.
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Trump’s Other Assets: $120 million
FORBES ESTIMATE AS OF MARCH 2025
JULIE THURSTON PHOTOGRAPHY/GETTY IMAGES
Trump’s licensing and management business
Total value: $104M
Debt: $0
Net value: $104M
Trump’s branding business looked like it was in trouble after the Jan. 6 Capitol riot. “He has done permanent damage to the Trump name and image,” said real estate analyst Kevin Brown. Maybe not. After Trump won the presidential election in 2024, multiple analysts suggested removing discounts they had previously applied to Trump’s licensing and management empire.
ALAMY
Trump’s Aircraft
Total value: $12M
Debt: $0
Net value: $12M
What Trump owns: One helicopter, one airplane
JENNIFER S. ALTMAN/WASHINGTON POST/GETTY IMAGES
Trump’s loans to children
Total value: $5M
Trump’s tax returns revealed sweetheart loans for his three eldest children, Don Jr., Ivanka and Eric. Altogether, the younger Trumps paid their father about $50,000 a year in annual interest in connection with the agreements from 2015 to 2020.
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Trump’s Pensions
Net value: $2M
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Trump’s Legal Liabilities: –$590 million
FORBES ESTIMATE AS OF MARCH 2025
seng kui Lim/500px/Getty Images
Legal liabilities
Net value: -$590M
Trump is on the hook for nearly $600 million in legal judgements from two court battles in New York state. With the president fighting in court, in could be months, or years, before a final resolution. In the meantime, interest will continue to accrue.
“Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.”
With additional reporting by Kyle Khan-Mullins and Zach Everson.
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