Donald Trump Biography: Political Career, Net worth and Family

Donald John Trump (born June 14, 1946) is an American businessman, media personality, and politician who has served as the 45th and is currently serving as the 47th President of the United States. His career has been marked by a blend of real estate ventures, entertainment, and a distinctive political style.

Political Career

Trump’s political ambitions had surfaced periodically before his successful 2016 presidential campaign. He publicly speculated about running in the 2000 and 2012 elections, even changing his party affiliation multiple times over the years (Republican, Reform, Democratic, and back to Republican). His involvement in the “birther” movement, questioning Barack Obama’s birthplace, gained him significant media attention and helped establish his political presence within the Republican Party.

In June 2015, Trump formally announced his candidacy for president as a Republican. His campaign, characterized by populist rhetoric, unconventional communication (especially through social media), and large rallies, defied traditional political norms. He ultimately defeated Hillary Clinton in the 2016 general election, taking office on January 20, 2017, as the 45th President.

Key policy initiatives during his first term included:

• The Tax Cuts and Jobs Act of 2017, which significantly reformed the U.S. tax code.
• Renegotiating trade agreements, such as the United States–Mexico–Canada Agreement (USMCA), replacing NAFTA.
• Appointing a record number of federal judges, including three Supreme Court justices: Neil Gorsuch, Brett Kavanaugh, and Amy Coney Barrett.
• Establishing the Space Force as an independent branch of the military.
• Withdrawing the U.S. from the Iran nuclear deal and the Paris Agreement on climate change.

Trump was impeached twice by the House of Representatives during his first term—once in 2019 for abuse of power and obstruction of Congress related to the Ukraine scandal, and again in 2021 for incitement of insurrection following the January 6th Capitol attack. He was acquitted by the Senate in both instances.

He was defeated by Joe Biden in the 2020 presidential election but mounted another successful campaign in 2024. Donald Trump began his second, non-consecutive term as the 47th President of the United States on January 20, 2025, becoming only the second president in U.S. history to serve non-consecutive terms (the first being Grover Cleveland).

Net Worth

Donald Trump’s net worth has been a subject of considerable speculation and varying estimates over the years. Forbes estimated his wealth at approximately $5.1 billion as of early June 2025. Bloomberg, on the other hand, estimated his wealth at $7.08 billion in January 2025.

His fortune is primarily rooted in real estate, with a portfolio that includes hotels, golf courses, luxury properties, and commercial buildings. However, recent years have seen shifts in the composition of his wealth. The public listing of his social media platform, Truth Social, in March 2024, significantly contributed to his financial rebound. Additionally, his ventures into cryptocurrency, including the launch of a crypto project and a digital token ($TRUMP), have generated substantial earnings. Despite facing significant legal judgments, these new revenue streams have allowed him to bolster his liquid assets.

Family

Donald Trump was born to Fred Trump and Mary Anne MacLeod Trump. His father, Fred Trump, was a successful real estate developer who built hundreds of homes and apartments in New York City. His mother, Mary Anne MacLeod, immigrated from Scotland. Donald is the fourth of their five children.

Donald Trump has been married three times:

• Ivana Zelníčková (1977–1992): With Ivana, he had three children:
  • Donald Trump Jr. (born 1977)
  • Ivanka Trump (born 1981)
  • Eric Trump (born 1984)
• Marla Maples (1993–1999): With Marla, he had one daughter:
  • Tiffany Trump (born 1993)
• Melania Knauss (2005–present): With Melania, he has one son:
  • Barron Trump (born 2006)

Donald Trump is also a grandfather to eleven grandchildren from his adult children. Many of his children have been involved in his business enterprises, The Trump Organization, and have also played public roles in his political campaigns and administration.