The US elections are over and there is a clear winner. After a turbulent election campaign in which the TV duel between Donald Trump and Kamala Harris, and in particular the failed assassination attempt on Trump, made headlines, the real estate mogul finally managed to prevail against his Democratic opponent.
Discover our latest podcast
While the Republican already comes from a wealthy family and has a considerable fortune, his new position as President of the United States of America will only add to his fortune as he is set to get a rather hefty salary for running the country. So, how much does a US president earn?
Astronomical salary for US presidents
As Noz magazine reports, the American president usually receives a salary set by Congress for his service to his country. It currently stands at a whopping $400,000, the equivalent of around £312,000. On top of this, the newly elected president is allowed to use around $100,000 to redesign the White House as he wishes.
Other benefits that Donald Trump will soon be entitled to as US President include free accommodation, travel allowances and protection from the Secret Service - for life. For Donald Trump, who has always portrayed himself as a self-made billionaire, this should be a nice additional income.
Donald Trump's current wealth
The businessman is currently the 560th richest person in the world, but it's not easy to say how much he has in his bank account as he doesn't make his figures public.
Donald Trump himself has always bragged about his allegedly immense fortune—something that has backfired once when when he was fined by a New York court for allegedly lying about his real wealth. Most recently, he confirmed under oath that he had 'well over 400 million in cash'. However, Forbes magazine currently estimates his fortune at an impressive $5.9 billion.
The businessman has also invested in real estate. As the Berliner Morgenpost reports, this includes several golf courses, the Seven Springs estate in New York and Trump's Mar-a-Lago residence.
However, all these impressive figures must also take into account the future US president's debts, which he boasted about during his 2016 election campaign. According to further reports, it currently stands at $500 million.
This article has been translated from Oh!MyMag DE.
Read more:
Donald Trump: His properties' real value differs from his own estimate
Donald Trump followed in his father's footsteps: Everything to know about his parents
Donald Trump's tan in the spotlight again after photo of former president goes viral
Sources used:
Handelszeitung: Trump's empire: How rich is the new US president?
Noz: After the elections in the USA This is how much money Donald Trump earns as President of the United States
Berliner Morgenpost: Poor billionaire? How rich is Donald Trump? This is what is known about his wealth
Forbes: Donald Trump
