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The ultimate ‘Trump' card: How US President's family is getting richer faster than most Americans
Trump-linked businesses have received over $2 billion in just the past month, according to a new report. The US president is also getting a luxury Boeing 747 worth $400 million for Qatar. While other presidential families have profited from their time in office, reports suggest the Trumps have taken it further than anyone else, turning the presidency into a source of personal gain read more
Not too long ago, Donald Trump was facing doubts about his political future and serious concerns about his finances.
Now, his estimated wealth has reportedly doubled.
It is not just him, his family is also earning from the Trump brand . Now, there are plans that Qatar might offer him a new presidential plane.
ALSO READ | What is the 'Taco' trade jibe that has angered Trump?
While other presidential families have made money from their time in office, reports say the Trumps have gone further than anyone else in turning the presidency into a source of profit.
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So, how much is Donald Trump worth today? How has his wealth grown so much since he took office in January? Where is all this money coming from?
We look at the answers to these questions and more.
How the Trumps are getting richer
A report by The New York Times says Trump-linked businesses have received at least $2 billion in the past month alone.
These earnings come from ventures like real estate, cryptocurrency, and a new private club planned in Washington with a $500,000 membership fee.
Meanwhile, Qatar is also said to be giving him a new presidential jet.
Notably, Trump has more than doubled his net worth since the start of his reelection campaign, reaching around $5.4 billion, Bloomberg reported.
One thing Trump has learned by now is that court delays can work in his favour.
Last year, when he said he could not pay the $454 million fraud penalty in New York State, his lawyers asked the appeals court to either drop or lower the bond.
Courts do not always agree to such requests, but this time they did, cutting it to $175 million. This helped him avoid having his assets taken.
It is worth noting that the US President is doing business with governments in Serbia, the United Arab Emirates and Oman.
One thing Trump has learned by now is that court delays can work in his favour. AP/File Photo
The White House says there is no conflict because his sons are in charge of the companies. Still, Trump is gaining wealth from these deals.
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Even with fears of a recession in the economy, the Trump family looks set to become richer than ever.
ALSO READ | What is the 'Trump Hotel Rental' scam that has duped hundreds of Indians?
So, where is all this money coming from? Here's a closer look.
Cryptocurrency ($TRUMP)
This is the Trump family's digital currency , owned by the Republican leader and managed by Donald Trump Jr.
It is not presented as an investment. Instead, it offers people another way to gamble.
A recent report by State Democracy Defenders Action said that the president's crypto assets now make up almost 40% of his total wealth, around $2.9 billion.
The Trump family gets a cut every time someone buys a coin.
Trump has also started offering rewards. The top 220 buyers have been invited to a dinner with him next week at his golf club in Virginia. The 25 biggest buyers will also get a tour of the White House.
Alongside $TRUMP, another token, $MELANIA, has also played a role in growing their wealth.
My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC — Donald J. Trump (@realDonaldTrump) January 18, 2025
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The digital coin business is expected to get another push. How?
This week, World Liberty Financial announced that a firm backed by Abu Dhabi will put billions into the Trump-linked crypto fund. According to a statement shared with CBS News, the Emirati firm MGX will spend $2 billion on a stablecoin product from World Liberty.
Real estate
Qatar has helped the Trumps secure a deal to build a high-end golf resort in the country, valued at $5.5 billion.
The plan includes Trump-branded villas by the beach and an 18-hole golf course, to be built by a Saudi firm. It was the Trump Organization's first foreign project since Trump took office, and very different from those in his first term.
Eric Trump looks at the 3D model of Trump International Golf Club & Trump Villas project in Doha, Qatar. Reuters/File Photo
Meanwhile, a UAE-based company run by billionaire Hussain Sajwani, a long-time Trump business associate, plans to invest $20 billion in data centres across the United States.
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Sajwani's company, Damac Properties, is one of the top real estate developers in the UAE. This investment seeks to show Trump's appeal as a businessman who is able to pull in large funding.
In Serbia, a former army headquarters bombed by Nato is set to be redeveloped into a luxury complex, backed by Trump's son-in-law, Jared Kushner's firm.
The Serbian government approved the project last year, giving Kushner a multi-million-dollar deal, including a 99-year lease on the land, located in central Belgrade.
Notably, thousands protested the move in March this year, calling for the site's historic status to be restored and the plans to be cancelled.
Students protest against the government's lease of a site to Jared Kushner in Belgrade, Serbia. Reuters/File Photo
Meanwhile, the Trump Organization is already earning from a project tied to Oman's government. The site includes a hotel, residences and a golf course.
Another ongoing project is Trump Tower Jeddah, expected to be completed in 2029.
It offers Saudi residency to those who invest about $1 million. Eric Trump was quick to praise the 47-floor project overlooking the sea
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$400 million plane by Qatar, private club and more: What other deals are bringing in money
Qatar's gift of a luxury Boeing 747 jet for Donald Trump was accepted by the country's Defence Department earlier this month.
'Why should our military, and therefore our taxpayers, be forced to pay hundreds of millions of Dollars when they can get it for FREE,' Trump posted on Truth Social network during his trip.
The $400 million aircraft will be used as a temporary Air Force One. Trump says his presidential library will own the plane after his presidency.
Meanwhile, Amazon is also involved in several Trump family projects. The company paid $40 million to secure the rights to Melania Trump's documentary, outbidding the next highest offer by nearly three times, according to the Wall Street Journal.
In Trump's first term, foreign dignitaries stayed at Trump-owned properties and Republicans hosted events there, which brought in millions of dollars. According to the New York Times, such income has resumed.
Last month, the Saudi-backed LIV Golf league held a professional event at Trump National Doral in Florida. Trump arrived on a military helicopter to launch the tournament.
Notably, Saudi Arabia's sovereign wealth fund manages the league. They paid the Trump family a confidential sum to hold the LIV tournament.
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Also, a private members' club linked to Trump, called Executive Branch, is set to open in Washington, DC. The club will be located below a shopping mall in Georgetown.
Donald Trump Jr is one of the club's owners, along with Zach and Alex Witkoff, who are sons of Steve Witkoff, the US envoy to West Asia; Omeed Malik of 1789 Capital; and Chris Buskirk, an ally of Vice President JD Vance.
The entrance fee reportedly reaches as high as $500,000. The club is expected to limit its membership to around 200 people, with admission based on more than just financial means.
Among those expected to join are lobbyists, major figures from the tech industry, and some White House officials.
With inputs from agencies
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