Donald Trump Reveals His Personal Finances 📈
I watched part of the Republican debate earlier this month. Some Americans warn that if Donald Trump becomes the next President then there will be Hell toupée. 😠 But he also has a lot of dedicated supporters. He’s quite a polarizing political figure. But what’s even bigger than his brash character and bold hairstyle is his impressive portfolio of material wealth.
His net worth is not clear as it’s difficult to put an exact value on such intangibles like his brand. Many sources say he is worth about $4.5 billion while Trump himself claims he is worth about $8.7 billion. As a presidential candidate Trump is required by law to disclose his finances to the Federal Election Commission. This opens up his personal finances for the whole world to see. It’s a great opportunity for us to study what makes him so successful in business and how we can possibly do the same. Trump’s financial disclosure documents reveal that over the last 18 months he’s made at least $380 million. This means Donald Trump makes about $250 million a year. Wow! It must be hard for anyone to Trump that kind of income. 😛
If he does somehow over-comb the controversies and become the next U.S. president, I expect he would want to make some changes to the White House. 😉
🏢 Types of Incomes ⛳
Surprisingly only $14,000 of his $380 million income is from a salary, lol. This goes to show that the rich are very tax efficient. Salary and wages are the highest taxed income sources one can earn in both Canada and the U.S. Most of Trump’s income comes from his business and investments. He owns the Trump Tower Chicago, the Trump National Golf Club in N.J. and the Mar-A-Lago resort in Palm Beach, Fla, among many other properties. Roughly half of his income, about $200 million during the 18 month filing period, came from golf courses and resorts. He also earned at least $10 million in royalties for licensing his brand to not only luxury hotels, but also to vodka makers and energy drinks companies.