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|    Message 26,293 of 27,547    |
|    Leroy N. Soetoro to All    |
|    How Rich Is Former President Donald Trum    |
|    10 Apr 22 19:26:02    |
      XPost: alt.politics.trump, sac.politics, alt.fan.rush-limbaugh       XPost: talk.politics.guns       From: democrat-criminals@mail.house.gov              https://news.yahoo.com/rich-former-president-donald-trump-190840283.html              Former President Donald Trump lost roughly $600 million of his net worth       during his time in office as President of the United States. He lost       another $700 million following the Capital Hill riots and his impeachments       after several organizations stopped doing business with Trump or any of       his properties.              In 2022, Trump made back roughly $430 million of those losses with his       newest endeavor: Truth Social. Forbes reports that the social media       platform, which Trump announced in October 2020 and launched in February       2022, has been downloaded more than 1 million times.              Forbes pegs Trump’s current net worth at $3 billion, in total, which is       just slightly less than his net worth during his first year in office. The       Trump Media and Technology Group, which owns Truth Social platform,       announced plans to merge with a SPAC. Since the announcement, Trump Media       shares climbed from $10 to $50. Forbes estimated that Trump owns at least       50% of the shares. If the deal goes through, which Forbes says is not a       sure thing, Trump could sell his shares for $10 each, if desired. None of       this, however, plays into his newfound wealth, since the deal is not yet       done.              In 2022, Trump climbed a few steps up the billionaire’s list ladder,       placing 1,012 in the world, up from his 1,299 ranking in April 2021.              Donald Trump’s Net Worth       At the time of his inauguration, Donald Trump was the oldest person to be       sworn into the office of the president of the United States. He was 70       years, 220 days old on Jan. 20, 2017. (That title now belongs to President       Joe Biden, who was 78 when he was sworn in). Trump beat out a number of       contenders to become the Republican nominee for the 2016 presidential       election. He went on to defeat Democratic nominee Hillary Clinton. His       term ended on Jan. 20, when Biden began his term as the 46th president.              Trump was born into a wealthy family and inherited about $40 million from       his late father, real estate developer Fred Trump. In 1971, Donald Trump       became head of what would later be known as The Trump Organization.              Trump’s earnings and title have since helped him develop more than 500       companies. The business mogul has his stake in luxury golf courses,       skyscrapers, television shows, casinos, books, merchandise and, now,       social media. These endeavors have helped him reach the estimated $3       billion that put him on the Forbes Billionaires List for 2022.              Donald Trump’s Business Successes       Back in 1980, Trump landed a deal with Hyatt, the city of New York and the       unprofitable Commodore Hotel beside the Grand Central Station, earning the       right to renovate and rebrand the ailing hotel into the Grand Hyatt. The       property became an instant success, making Trump one of the best-known       real estate developers in the area.              In 1984, Trump completed construction on the 68-story Trump Tower, which       serves as headquarters for The Trump Organization to this day. The       building includes a 60-foot waterfall and, on opening day, had five levels       of retail stores and restaurants.              Trump has owned a slew of successful businesses and properties, among them       Trump Place, a luxury residential community spanning 92 acres. The Trump       International Hotel & Tower Chicago has a hotel, condos and numerous       restaurants and shops. The success of Wollman Rink, a Central Park staple,       is arguably credited to Trump.              However, following the storming of the U.S. Capitol, New York City       announced that it was severing its business ties with Trump. On Jan. 13,       2020, Mayor Bill de Blasio announced that the city would be terminating       three contracts with The Trump Organization that would cease its       operations of a carousel in Manhattan’s Central Park, skating rinks and a       golf course in the Bronx, Reuters reported.              Donald Trump’s Failed Businesses       Donald Trump has major business wins to his name, but he also has some big       losses.              In 1988, Trump spent $365 million on a fleet of Boeing 727s, as well as       landing facilities in Boston, New York City and Washington, D.C. He also       bought the rights to paint his name on a plane. His attempt to build a       luxury flying experience under the Trump Shuttle name failed, however, and       the company was decommissioned.              In 1990, the banks that backed Trump’s investments provided him with a $65       million bailout in new loans and credit. Trump’s famous Taj Mahal casino       in Atlantic City, New Jersey, went bankrupt in 1991, and Trump Hotels &       Casino Resorts went bankrupt in 2004. In 2009, the same company — now       called Trump Entertainment Resorts — filed for bankruptcy again.              One of Trump’s highest-profile business failures is Trump University. The       unaccredited online college was launched in 2005 and closed down in 2010.       Three Trump University lawsuits plagued his first presidential campaign,       alleging that Trump University was a scam that cost students tens of       thousands of dollars. Trump settled the lawsuits for $25 million, though       he did not admit any wrongdoing.              Donald Trump’s Wife and Family       Donald Trump has been married three times. He was with his first wife,       Ivana, from 1977 to 1992. The couple had three children together: Donald       Jr., Ivanka and Eric. The three eldest Trump children — along with       Ivanka’s husband, real estate investor and developer Jared Kushner — were       highly involved in their father’s presidency.              Trump married Marla Maples in December 1993, two months after Maples gave       birth to their daughter, Tiffany. The couple divorced in 1999.              Trump has been married to his current wife and former first lady, Melania       Trump, who has an estimated net worth of $50 million, since 2005. Melania       is the mother of Trump’s youngest son, Barron.              Donald Trump’s Lifestyle       Donald Trump sometimes lives in a three-floor penthouse in Trump Tower       with his wife, Melania, and son Barron. The luxuries the family enjoys at       Trump Tower include an indoor fountain and a door encrusted with diamonds       and gold, Business Insider reported.              Among Trump’s other notable properties is Mar-a-Lago, where he spent 25 of       his first 100 days in office. He moved back to the estate after his term       as president ended, CNN reported. The luxury club is worth $180 million,       according to Forbes, and sits on 17 acres of valuable South Florida land.       Trump bought the estate — which boasts 58 bedrooms, 33 bathrooms, 12       fireplaces and three bomb shelters — for the bargain price of $10 million       in 1985.              Before having access to Air Force One, Trump shuttled between campaign       stops in his $100 million Boeing 757 adorned with gold seatbelts. His       fleet of luxury vehicles includes a Rolls Royce, an electric blue 1997       Lamborghini Diablo and a Mercedes-Benz SLR McLaren.              Trump’s 2024 Presidency Plans              [continued in next message]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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