How Old Is Donald Trump, How Much Is The Us President’s Net Worth, When Did He Marry Melania And How Many Children Does He Have?

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THE President of the United States is the world’s most publicised and colourful billionaire.

Here’s the lowdown on all things Donald Trump – whose trip to the UK has seen him criticise Theresa May’s Brexit strategy.

Getty Images Donald Trump stunned the world by becoming the 45th President of the United States of America

Where did Donald Trump grow up and was his family wealthy?

Donald Trump was born on June 14, 1946, the fourth child of real estate tycoon Fred Trump.

The Trump family was wealthy and lived in a mansion in the Queens area of New York.

As a 13-year-old, Donald was sent to a military academy after he started misbehaving at school.

Now 71, he boasts that he made money “the good old-fashioned way” but he first got into real estate with a “small” $1million loan from his father and helped manage the family’s housing portfolio in the New York area.

He took control of the company in 1971 and renamed it the Trump Organisation – shifting from residential sales in Brooklyn and Queens to swanky projects in Manhattan.

The company transformed the rundown Commodore Hotel into the Grand Hyatt before developing the most famous Trump landmark, the 68-storey Trump Tower on Fifth Avenue.

Mr Trump later developed hotels and casinos, a strand of the business which has led to four bankruptcy filings.

From 2003, he became a staple on US television, hosting NBC’s The Apprentice – for which he is estimated to have earned $213m (£163m) across 14 series.

Getty Images Trump Tower on Fifth Avenue, Manhattan, was built in 1981

What is Donald Trump’s net worth?

The US President has repeatedly bragged he is worth $10bn (£7.6bn).

But in 2018 his net worth has dropped for the second year running – this time by $100million.

According to Bloomberg this is down to falling revenue from Trump Tower and his golf courses.

Last year the 71-year-old crashed from 544th richest on the Forbes billionaire list to 766th.

But he still has a whopping $2.8bn to his name – the lowers since Bloomberg began tracking his wealth in 2015.

The Trump Organization, of which he serves as president and chairman, owns plush resorts, residential towers, real estates and golf courses.

These include the Trump Tower in New York, the Trump World Tower in Manhattan, the gold-plated Trump Hotel Las Vegas, a Palm Beach estate in Florida and 16 golf courses around the world including Trump Turnberry in Scotland.

President Trump has previously claimed that he is worth $10billion, but declined to release his tax returns which drew criticism over the transparency of his alleged links to Russia.

His 2005 tax return was leaked to a US news station after which the White House released a statement insisting Donald Trump had paid $38million (£31million) in income taxes during 2005 on an income of $150million (£123million).

That works out as a tax rate of 24 per cent, below the 27.4 per cent average of high-earning US taxpayers.

The pages from Trump’s federal tax return show the then-real estate mogul also reported a business loss of $103million (£84million) that year, although the documents don’t provide detail.

Trump’s hefty business loss appears to be a continued benefit from his use of a tax loophole in the 1990s, which allowed him to deduct previous losses in future years.

In 1995, Trump reported a loss of more than $900million (£736million), largely as a result of financial turmoil at his casinos.

The leaked two-paged document is only a fraction of the complete return and does not include details of Donald Trump’s income.

Trump splashed $54million (£38million) on his presidential campaign.

His campaign also paid his companies for office space in Trump Tower and use of his private airline, among other expenses, federal election filings have shown.

Getty Images US President Donald Trump stands with his children Ivanka and Donald Jr

What does Trump own and what has happened to his businesses since he became President?

Not everything bearing the famous Trump name is 100 per cent owned by the businessman.

Trump Organization sold its stake in Trump Entertainment Resorts in February 2017.

This company, which includes the shutdown Trump Taj Mahal and Trump Plaza hotels and casinos in Atlantic City, is now a subsidiary of Icahn Enterprises.

The 27 commercial floors and a three-floor penthouse in the flagship Trump Tower are owned by Trump Organization but does not own the remainder of the building.

Trump also owns the rights to lease and collect rents at the 71-storey 40 Wall Street building but doesn’t own the deeds.

In total he has an interest in more than 30 properties across the US and a large portfolio of stocks and shares.

His massive business empire is now run by his sons Donald Jr and Eric along with Trump executive Allen Weisselberg.

Trump’s lawyer said the President has “isolated” himself from his businesses, adding he is not using his presidency for his personal benefit.

The President’s stakes in the businesses will be transferred to a trust – which will be managed independently.

Mr Trump told reporters: “My two sons, who are right there, Don and Eric, are going to be running the company.

“They are going to be running it in a very professional manner. They’re not going to discuss it with me.”

His daughter Ivanka, whose husband is a senior adviser to Trump is no longer involved in the organisation.

Reuters Melania became Trump’s third wife in 2005 and is now First Lady of the United States

How many wives has Donald Trump had and who are his children?

Donald Trump has five children from three marriages. His first two marriages ended in high-profile divorces.

He married his first wife, Czech model Ivana Zelnickova in 1977 at the age of 30, when Ivana was 26.

They had three children together – Donald Jr, Ivanka and Eric – between 1977 and 1984.

But the couple divorced after 15 years of marriage in 1992 after he had an affair with actress Marla Marples.

Trump married Ms Marples the following year – two months after she had given birth to his fourth child Tiffany – but divorced six years later in 1999.

In 2005, he married his current wife Melania – originally from Slovenia and then working as a model – and she gave birth to their son Barron the following year.

Eric and Donald Jr, who became embroiled in controversy over alleged ties to the Russian government during his father’s presidential campaign, now run The Trump Organization business.




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