FORMER First Lady Melania Trump’s move to secure a larger financial stake for her son Barron provided fresh insight into the multi-million dollar empires amassed by the Trump children.
While former President Donald Trump has refused to release his tax records, even though the Supreme Court denied his bid to conceal them, we do have some details about his children’s net worth.
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According to Forbes, the former president is worth an estimated $2.5billion while his children are worth significantly less.
Three of his children, Ivanka, Don Jr, and Eric, are with ex-wife Ivana Trump, while Tiffany is from ex Marla Maples, and his youngest child, Barron, is with current wife and former First Lady, Melania Trump.
According to a February 2021 Foreign Policy report, the five children collectively are worth just under an estimated $1billion.
Donald Trump Jr, 44, is the eldest of Trump’s children and, according to the Foreign Policy article, had an estimated net worth of $200million in 2021. Along with his younger brother, Don Jr is in charge of the family business and oversees the company’s properties.
Ivanka Trump, 40, who served as a Senior Advisor in former President Trump’s White House, is his second child. On her own, Yahoo Finance estimates her net worth at $300million and reports that she has a trust that earns her $5million annually.
She is marred to real estate developer and entrepreneur Jared Kushner, who also served as a Trump Senior Advisor. Together the two were estimated in 2021 to have a net worth of about $740million.
Eric Trump, 38, also runs the family business and had an estimated worth between $150-300million in 2021, Foreign Policy reported.
The Foreign Policy article put 28-year-old Tiffany Trump’s estimated worth at about $600,000.
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While it is harder to estimate what 16-year-old son Barron is worth since he’s still a student, it was revealed that mother, Melania, renegotiated an existing prenup before moving to the White House.
Mary Jordan, Pulitzer Prize winner and author of The Art of Her Deal: The Untold Story of Melania Trump, claims Melania used her delayed arrival to the White House after her husband was elected as leverage.
She allegedly needed time to cool off after her husband’s sexual exploits were exposed, and “to amend her financial arrangement with Trump — what Melania referred to as ‘taking care of Barron,’ ” Jordan wrote in her book.
Forbes says that the Trump children own virtually none of the Trump Organization’s vast holdings. The only major venture in which the president had apparently included his family was the now sold Trump International Hotel in Washington, DC.
It sold for $375million to Florida-based CGI Merchant Group at a $100million profit, which directly benefits the Trump family.
The three oldest children had reported 7.5 percent interests, which would translate to about $15million after debt, according to Forbes.
Another report finds that if Trump were to die today, his heirs would likely find themselves stuck with more than $1.3billion in state and federal estate taxes.
Forbes says that may require them to sell off the Trump Organization’s entire New York City real estate portfolio, or take on a cash flow-suffocating loan to cover it.
The Sun contacted the Trump Organization for comment on the Trump children’s net worth on Tuesday but had not heard back at the time of publication.
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