The ReallyRich.com

Donald Trump
Over One Billion Dollars in Assets

According to Forbes magazine Donald Trump  has a net worth of over $450 million dollars. However, his total world wide real estates assets are well in the billions.

Trump made himself one of the most powerful real-estate moguls of the '80s, with ownership of buildings such as Trump Tower on 5th Av., Trump Parc, the Plaza  Hotel, and the New Jersey Generals. He also penetrated the casino business in Atlantic City and New Jersey, and transportation with the Trump Shuttle airline.

Even though he studied business, he often went against the basic principle behind economics: lower prices when there's competition. When Trump had competitors, not only did he not lower prices, but he also raised them. Despite his knack for making deals and recognizing a good investment when he saw one, Trump's billion-dollar empire crumbled in 1990, when he was forced into bankruptcy for over $2 billion bank loans that he couldn't pay.

Although he handed over most of his holdings to the creditor banks, he remarkably managed to bounce back by the end of the 1990s. He shared his story in the book, The Art of the Comeback, and has done more work in the publishing world as he has co-authored several books about none other than himself.

"The Donald," as he is nicknamed, has also ventured into television as the Executive Producer of Miss USA, and is presently the Producer of the Miss Universe pageant. He has also made countless cameo appearances as himself in shows such as Roseanne, Suddenly Susan, Spin City, The Nanny, The Fresh Prince of Bel-Air, and The Job, as well as films like Home Alone 2: Lost in New York, Celebrity and 54.

Real estate, transportation, casinos, and entertainment weren't enough for "Trump Daddy": in 1999, he announced that he was considering running for President, as a Reform Party candidate in 2000. Incidentally, he revealed in The Art of the Comeback that he wouldn't have made a good President: he has trouble shaking others' hands as he is a germophobe, and worst of all, he is honest.

Thanks to the hit NBC reality series The Apprentice, in which 16 contestants vie for a position at one of Trump's corporations, The Donald can add another success to his Trump report card.

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