How much does Donald Trump earn: salary and assets of the president of the United States
How much does Donald Trump, outgoing president of the United States of America, candidate in the 2020 US elections against Joe Biden earn? What is his fortune? Many have wondered while waiting to understand if he will be re-elected or not.
The President has always been known for his wealth, even if a recent NYT investigation has thickened several clouds on the real financial situation of the Tycoon. Donald Trump's assets seem to have been particularly affected by these last years of presidency and his finances no longer seem to be what they once were, also thanks to the pandemic that has hit his companies. But let's see together how much Trump earns, the salary and the assets of the President of the United States.
Salary
The President of the United States is currently paid $ 400,000 a year, this salary then subject to income tax. Contrary to what one might think, it is not the highest salary among the wages of world political leaders, being surpassed by the Prime Minister of Singapore. The salary of the US president is not subject to increases or adjustments to inflation, as established by the Constitution which states: "The President, in predefined times, receives a fee for his services that cannot be increased or decreased during the period in which he was elected… ”.
However, the Constitution does not specify how much the president of the United States earns. Indeed, his salary must be set and regulated by Congress. The current salary of $ 400,000 a year was updated during the Clinton presidency, effective January 20, 2001. Be careful though. So the answer to what Donald Trump earns today is $ 400,000. In addition to the salary, the president of the United States, currently Donald Trump, is granted an expense account of $ 50,000 a year, a travel account of $ 100,000 non-taxable and a check of $ 19,000 for entertainment.
These expenses must be incurred as part of official commitments and any unused amounts are then returned to the US Treasury. But the benefits don't end there. The number one in the United States also enjoys a private plane (Air Force One), 24-hour security, residence (the White House), service personnel and collaborators, residences for leisure and free time.
How much does Donald Trump earn: his retirement as US president
The pension issue should not be underestimated. After leaving office, the president of the United States receives a pension set at a level I salary under the US Executive Schedule ($ 203,700 per year in 2015). Donald Trump obviously, when he leaves the White House, he will be entitled to this pension which will add to his hefty fortune.
Heritage
We have seen how much Donald Trump earns today, but what is his fortune? The former businessman, now US president, has been on Forbes’s list of the richest men in the world for years. In 2016, before the presidential race, Donald Trump's assets, according to the American website, were 3.7 billion dollars. However, the President's wealth thinned over the course of his presidency, also thanks to the pandemic which also affected his business. In 2020, Trump appears to be the owner of assets of 2.1 billion dollars. Donald Trump's legacy has always given many to think about, given his numerous properties and investments accumulated over time.
The voices in this regard are also very discordant, because the assets that Trump has declared on several occasions to have is around 12 billion and in some cases even went so far as to say that he owns 14 billion. The problem with being able to get an estimate of how much money Donald Trump owns lies in the fact that The Donald does not own listed companies and, consequently, the only way to understand what his assets are is to estimate his wealth based on the documentation released to the Federal Election Commission. In general, the Tycoon has a very large real estate portfolio that ranges from Manhattan to San Francisco, from Florida to Scotland and Ireland.
According to analysts, however, the value of these properties has been overestimated since the deed of sale and that is why there is no concordance between the real estate (or allegedly) and that declared by Donald Trump. The Covid 19 pandemic also hit his finances like a typhoon, sliding the White House tenant to position number 1001 on Forbes' list of the richest on the planet. The real estate market is not currently experiencing its most prosperous moment and so Trump falls on the list of the world's scroungers, after having positioned himself as number 715 in 2019.
