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Net worth -

According to a report released by Forbes in May 2024, former President Donald Trump's net worth is estimated to be US$7.5 billion. Additionally, Donald Trump Jr. and Eric Trump are each worth a reported US$25 million, Tiffany Trump is worth US$10 million, and Ivanka Trump and her husband Jared Kushner are estimated to be worth a collective US$1.1 billion.

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Real estate -

The Trump family invests heavily in luxury real estate, owning properties across the globe. These include Trump Tower in New York, Mar-a-Lago in Florida, and several other high-end properties. They maintain these assets with lavish renovations, which keep their value high in the competitive real estate market.

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Penthouse -

Before moving to the White House in 2017, Donald and Melania (along with their son Barron) lived in New York in Trump Tower’s ritzy US$50 million penthouse apartment.

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Golf clubbing -

The Trump family is known for their love of golf, owning and regularly visiting various exclusive golf courses around the world. The clubs that the family owns are collectively worth about US$810 million, and the family also invests in maintaining these properties to the highest standards.

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Private travel -

The Trumps frequently use private jets to travel, including a custom Boeing 757 known as "Trump Force One" that was purchased for US$100 million. The maintenance and operation costs of these aircraft also run into the millions.

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High-end fashion -

The Trumps are known for their sophisticated and expensive fashion choices. Melania Trump is often seen wearing designer clothes, while Donald Trump has an affinity for Brioni suits, each of which can range from US$5,250 to US$6,900.

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Luxury watches -

The Trump family’s taste in luxury watches is well-known, with members often seen wearing high-end timepieces from brands like Rolex and Patek Philippe. These watches are not just accessories but investments, with some pieces worth hundreds of thousands of dollars.

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Jewelry -

Aside from watches, the Trump family has luxurious tastes in other forms of jewelry. When Tiffany Trump married businessman Michael Boulos in November 2022, her engagement ring reportedly cost US$1.2 million.

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Hunting -

Eric and Donald Jr. are known for their enjoyment of hunting, which is an incredibly expensive pastime. Indeed, a 14-day hunt for white rhinos can cost about US$66,790.

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Philanthropy -

While the Trump family has faced scrutiny regarding their charitable endeavors, they do contribute to various causes. Their donations, however, are often in the form of large-scale public events or initiatives that also serve as networking opportunities.

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Private education -

The Trump family spares no expense when it comes to education. The younger members of the family attend elite private schools and universities. Tiffany Trump once attended the University of Pennsylvania, which costs upward of US$80,000 annually.

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Business ventures -

The family invests heavily in their business ventures, from real estate developments to branding opportunities. These ventures require significant capital, but they also help maintain the Trump brand's global influence.

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Investments -

The family is also involved in various high-stakes investments, such as stocks, bonds, and private equity. These investments carry inordinate risks, but they also offer the potential for substantial returns, aligning with the Trump family’s wealth-building strategies.

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Art collection -

The Trumps have an extensive art collection, including valuable paintings and sculptures. Ivanka Trump and her husband Jared Kushner have a collection that amounts to about US$25 million. The acquisition and maintenance of art is incredibly costly.

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Luxury automobiles -

Donald Trump and his family are known for their collection of luxury cars. These include brands like Rolls-Royce, Lamborghini, and Bentley. The acquisition, maintenance, and insurance of these high-end vehicles are a significant expenditure in their billionaire lifestyle.

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Exotic vacations -

Like most incredibly wealthy people, the Trump family frequently travels to exotic destinations around the world and stays in the most luxurious private accommodations.

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Personal security -

Given their high-profile status, the Trump family invests heavily in personal security. This includes private security teams, high-tech security systems for their homes, and protection during travel. These measures are crucial but come at a significant financial cost.

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Private yachts -

Donald Trump owns a lavish 282-foot (86-meter) superyacht known as Trump Princess. The superyacht was purchased for close to US$30 million, and has remained a status symbol of the Trump family’s wealth.

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Media ventures -

The Trumps have invested in various media ventures, from television appearances to social media platforms. These investments help maintain their public presence and often involve considerable financial outlay.

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Event hosting -

The Trumps often host large-scale events, such as charity galas, political fundraisers, and social gatherings. These events are extravagant and require significant expenditures on venues, catering, entertainment, and guest accommodations.

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Alcohol -

The family is known for their taste in fine wines and spirits, often purchasing rare and expensive bottles for their collections. These luxury beverages are a staple at their events and are a symbol of their social status.

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Collectibles and antiques -

The Trump family invests in rare collectibles and antiques, which serve both as investments and as a demonstration of their refined taste. These items often come with high price tags that emphasize their commitment to luxury and exclusivity.

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Equestrian interests -

Some Trump family members are involved in equestrian activities, which require substantial investment in horses, training, and facilities. This hobby is an expensive one that involves travel, competitions, and maintaining stables.

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Exclusive skincare -

Melania Trump, in particular, is known for her beauty regimen, which includes exclusive skincare and beauty treatments. These services are often conducted by high-end professionals and can cost thousands.

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Sports -

While they don’t currently own any major sports team, the Trumps have shown interest in this area. Trump has also been known to host WWE events at his casinos in Atlantic City.

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Political campaigns -

Funding political campaigns has been a substantial expenditure for the Trump family, particularly for Donald Trump’s presidential bids. Before being elected to the White House, Trump spent US$66 million of his own money on the presidential campaign.

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Legal teams -

Given their public status, the Trumps frequently require legal services. Their legal teams are some of the best and most expensive in the world, ensuring they receive top-notch representation in any legal matters that arise, which is quite a substantial ongoing expense.

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Nanny -

One of the few things that the Trump family refuses to spend money on is a nanny. Melania has said that she is a full-time mom and will not pay for someone to look after her child.

Sources: (The New York Times) (Yahoo! News) (South China Morning Post) (Times of India) (Forbes) (Business Insider)

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