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Cryptocurrency News Articles
The Net Worth of Kamala Harris and Donald Trump: A Deep Dive into Their Wealth
Oct 20, 2024 at 02:05 am
Former president Donald Trump and vice president Kamala Harris have vastly different net worths and financial situations, with Mr Trump amassing billions of dollars in real estate and various ventures while Ms Harris has a net worth in the millions, mostly from her home.
Mr Trump, 78, made his bones in New York and has an estimated net worth of $US4.3 billion ($A6.35b), making him the 319th wealthiest person on Earth, according to Forbes.
He had fallen off the Forbes 400 list in previous years, but one of the most lucrative post-presidencies saw Mr Trump’s net worth skyrocket with the sale of crypto-schemes, NFTs, sneakers, trading cards, coffee-table books, and the public listing of Truth Social’s parent company on the New York Stock Exchange.
That’s on top of his career in real estate and miscellaneous ventures and misadventures, from wildly successful money-printers like The Apprentice, to the tough-to-swallow oddities, like Trump Steaks.
Ms Harris has an estimated net worth of $US8 million ($A11.8m), mostly from the home she shares with her wealthy lawyer husband Doug Emhoff.
Thankfully for her, a personal war chest isn’t key to Ms Harris plan to beat Mr Trump, as Democrats out raised Republicans in campaign donations by more than double in the past three months.
While Mr Trump’s money was made in investments, Ms Harris spent her career earning a salary as a San Francisco district attorney, California attorney general, US senator and vice president.
She earned between $US140,000 ($A207,000) and $US200,000 ($A300,000) annually in those roles from 2004 to 2020.
As vice president, Ms Harris will earn a paycheck of $US284,600 ($A420,000) in 2024.
Mr Trump doesn’t receive a salary as much as he does a passive income from various investments. He reported at least $US635 million ($A944m) in 2023, according to his most recent financial disclosure.
As a former president, Mr Trump also receives a pension which is set as being equal to the salary of a Cabinet secretary, currently $USD226,300 ($A335,000) per year.
Donald Trump’s massive real estate portfolio, under the Trump Organization, includes dozens of golf courses, hotels, office buildings, resorts, and the unmistakeable Mar-a-Lago.
In total, he is estimated to hold about $US1.1 billion ($A1.6b) net value in property, with some of the largest holdings in big city buildings –1290 Avenue of the Americas, 6 East 57th Street, 555 California Street, Trump Park Avenue, Trump International Hotel Las Vegas, Trump Winery and, of course, Trump Tower, among many others.
He also owns four homes in Palm Beach, Florida, as well as a home in St Martin, in the Caribbean, and two homes in Virginia next to one of his golf clubs.
He owns 10 golf courses in six US states, as well as the Trump National Doral Miami golf resort and three European golf properties – two in Scotland and one in Ireland.
Ms Harris, and her husband, own a Los Angeles home with an estimated value of $US4.4 million ($A6.5m).
More than half of Ms Harris’s net worth is tied up in her valuable California property, and so is most of her liability. She has a mortgage of $US2 million ($A3m), according to her most recent financial disclosure form.
It’s a drop in the ocean compared to Mr Trump’s web of real estate debt, to say nothing of the legal settlements he’s been court-ordered to pay.
Mr Trump owes more than $US50 million ($A74m) to both the New York attorney general and writer E. Jean Carroll. A federal court ordered Mr Trump to pay Ms Carroll another $US83.3 million ($A124m) in a defamation payout.
In a separate civil fraud case, a New York judge ordered Mr Trump to pay at least $US454 million ($A675m) for submitting false data to financial institutions about the value of properties like Mar-a-Lago.
If Mr Trump does have to pay those rulings, he’s just shy of covering the cost with the $US413 million ($A614m) in cash he has on hand. He’d have to take out a loan or liquidate some
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