Donald Trump's Entire Financial History in One Short Video
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Donald Trump’s Entire Financial History in One Short Video

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Presented by: Texas Precious Metals


The Money Project is an ongoing collaboration between Visual Capitalist and Texas Precious Metals that seeks to use intuitive visualizations to explore the origins, nature, and use of money.

In this motion graphic video, we break down the full story behind Donald Trump’s wealth.

Not only do we examine his major business successes and failures, but we even look back at real estate’s prominent role in the history of the Trump family. To conclude, the video breaks down Trump’s net worth and financial history, while highlighting some of the help he has gotten along the way in building his fortune.

Family Matters

The story started well over a century ago with Donald’s grandfather, Frederick Trump. Real estate runs deep in the blood of the Trump family, and Frederick was actually the first Trump to own a hotel. During the famous Klondike gold rush in Canada, Frederick owned an inn and restaurant that served gold miners. When he passed away, he left an estate worth just under $500,000 in today’s dollars to his heirs.

His eldest son, Fred Trump, carried on the Trump legacy by going into business with his mother, using the nest egg for seed money. Fred became a very successful builder in New York City’s outer boroughs. He built single family houses in Queens in the 1920s, helped pioneer the supermarket with the “Trump Market” during the Great Depression, and even built barracks for the Navy during World War 2.

But Fred’s real cash cow came in 1949, when he got a government loan to build Shore Haven Apartments in Brooklyn. The Federal Housing Administration paid him $10.3 million, but he was able to build the apartments for significantly less.

The government kept overpaying for houses in Brooklyn and Queens, and Fred kept building them. According to Donald, his father became “one of the biggest landlords in New York’s outer boroughs”. By the time of Fred’s death in 1999, it’s said that Fred Trump was worth between $250 and $300 million.

Donald’s Vision

Born in Queens, Donald J. Trump would join his father’s company early on in his career. His father’s cash cow was now gone, but Donald had a different vision for the Trump name anyways. He envisioned the “Trump” brand as being synonymous with luxury worldwide.

To do this, in the mid-1970s, Donald went into real estate in Manhattan. Relying on the business connections and creditworthiness of his old man, he borrowed a “small sum” of 1 million dollars to get started.

Trump’s Biggest Successes

Trump’s top three business successes include the Grand Hyatt, 40 Wall Street, and the Apprentice.

1. Grand Hyatt

In 1976, Donald Trump and Hyatt partnered to buy the rundown Commodore Hotel near Grand Central Station. At the time, the whole neighborhood was in disarray with many nearby buildings on the verge of foreclosure. Trump negotiated contracts with banks and the city in an effort to fund the hotel and rejuvenate the area.

The end result was the Grand Hyatt, a 25-story hotel, which Trump sold his share of for $142 million in 1996.

2. 40 Wall Street

Another big win for Trump was with 40 Wall Street, once the tallest building in the world. He bought it for $1 million after years of vacancy. Today, it’s prime real estate in the financial district, worth more than $500 million – a huge return.

3. The Apprentice

The Apprentice was also a financial home run for Trump. As the show’s host and executive producer, he raked in $1 million per episode for a whopping 185 episodes.

Trump’s Biggest Failures

Like many businessmen, Donald Trump’s career has also had his share of failures.

1. Atlantic City

Donald’s biggest failure may be his ill-fated venture into casinos in Atlantic City.

The bleeding started in 1988 when he acquired the Taj Mahal Casino. Funded primarily by junk bonds, the massive casino would be $3 billion in debt within just a year of opening. Trump, who racked up $900 million in personal liabilities, had the business declare bankruptcy. To stay afloat, he ditched many personal assets such as half of his stake in the company, a 282-foot megayacht, and his airline.

Things were dire, and Trump’s dad chipped in by providing a $3.5 million loan in the form of casino chips to help make a loan payment.

Trump’s casino holding company would enter bankruptcy two additional times: in 2004, after accruing $1.8 billion in debt, and in 2009, after missing a bond payment during the Financial Crisis. Each time, Trump’s stake in the company fell.

2. Other Businesses

While three of Trump’s four bankruptcies involved Atlantic City casinos, he has also struggled in other ventures outside of real estate: Trump airlines, Trump Vodka, Trump: The Game, Trump Magazine, Trump Steaks, and Trump University were all destined for failure. Trump Mortgages was launched in 2006 right before the real estate crash, and it also imploded.

Trump’s Net Worth

According to Trump’s campaign, he is worth “in excess of TEN BILLION DOLLARS”. However, he has also been accused in the past of artificially inflating his net worth. Forbes and Bloomberg News both have drastically different estimates of his wealth at $4.5 billion and $2.9 billion respectively.

Using the middle of the road figure from Forbes, here is how Trump’s wealth breaks down:

  • 48% is in New York City real estate
  • 7% is in cash and liquid assets such as investments
  • 8% is in golf courses
  • 4% is in “toys” such as helicopters, penthouse, or his Boeing 757 plane

The remainder includes other real estate assets outside of New York City, as well as the value of the licensing agreements for hotels, real estate, or other Trump products.

Trump as an Investor

So how did Donald Trump do in managing his fortune?

See Trump’s performance as an investor compared to other benchmarks in the next video for The Money Project.

About the Money Project

The Money Project aims to use intuitive visualizations to explore ideas around the very concept of money itself. Founded in 2015 by Visual Capitalist and Texas Precious Metals, the Money Project will look at the evolving nature of money, and will try to answer the difficult questions that prevent us from truly understanding the role that money plays in finance, investments, and accumulating wealth.

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Politics

Interactive Map: Tracking Global Hunger and Food Insecurity

Every day, hunger affects more than 700 million people. This live map from the UN highlights where hunger is hitting hardest around the world.

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The World Hunger Map

Interactive Map: Tracking Global Hunger and Food Insecurity

Hunger is still one the biggest—and most solvable—problems in the world.

Every day, more than 700 million people (8.8% of the world’s population) go to bed on an empty stomach, according to the UN World Food Programme (WFP).

The WFP’s HungerMap LIVE displayed here tracks core indicators of acute hunger like household food consumption, livelihoods, child nutritional status, mortality, and access to clean water in order to rank countries.

The World Hunger Map

After sitting closer to 600 million from 2014 to 2019, the number of people in the world affected by hunger increased during the COVID-19 pandemic.

In 2020, 155 million people (2% of the world’s population) experienced acute hunger, requiring urgent assistance.

The Fight to Feed the World

The problem of global hunger isn’t new, and attempts to solve it have making headlines for decades.

On July 13, 1985, at Wembley Stadium in London, Prince Charles and Princess Diana officially opened Live Aid, a worldwide rock concert organized to raise money for the relief of famine-stricken Africans.

The event was followed by similar concerts at other arenas around the world, globally linked by satellite to more than a billion viewers in 110 nations, raising more than $125 million ($309 million in today’s dollars) in famine relief for Africa.

But 35+ years later, the continent still struggles. According to the UN, from 12 countries with the highest prevalence of insufficient food consumption in the world, nine are in Africa.

Country % Population Affected by HungerPopulation (millions)Region
Afghanistan 🇦🇫93%40.4Asia
Somalia 🇸🇴68%12.3Africa
Burkina Faso 🇧🇫61%19.8Africa
South Sudan 🇸🇸60%11.0Africa
Mali 🇲🇱60%19.1Africa
Sierra Leone 🇸🇱55%8.2Africa
Syria 🇸🇾55%18.0Middle East
Niger 🇳🇪55%22.4Africa
Lesotho 🇱🇸50%2.1Africa
Guinea 🇬🇳48%12.2Africa
Benin 🇧🇯47%11.5Africa
Yemen 🇾🇪44%30.0Middle East

Approximately 30 million people in Africa face the effects of severe food insecurity, including malnutrition, starvation, and poverty.

Wasted Leftovers

Although many of the reasons for the food crisis around the globe involve conflicts or environmental challenges, one of the big contributors is food waste.

According to the United Nations, one-third of food produced for human consumption is lost or wasted globally. This amounts to about 1.3 billion tons of wasted food per year, worth approximately $1 trillion.

All the food produced but never eaten would be sufficient to feed two billion people. That’s more than twice the number of undernourished people across the globe. Consumers in rich countries waste almost as much food as the entire net food production of sub-Saharan Africa each year.

Solving Global Hunger

While many people may not be “hungry” in the sense that they are suffering physical discomfort, they may still be food insecure, lacking regular access to enough safe and nutritious food for normal growth and development.

Estimates of how much money it would take to end world hunger range from $7 billion to $265 billion per year.

But to tackle the problem, investments must be utilized in the right places. Specialists say that governments and organizations need to provide food and humanitarian relief to the most at-risk regions, increase agricultural productivity, and invest in more efficient supply chains.

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Mapped: Where are the World’s Ongoing Conflicts Today?

In 2021, we live in a time of relative peace, however, as this map reveals, that does not mean there are no conflicts in the world today.

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Mapping World's Ongoing Conflicts

Where are the World’s Ongoing Conflicts Today?

We live in an era of relative peace compared to most of history, however, this does not mean that there are no conflicts in the world today.

This map using data from the Council on Foreign Relations (CFR) reveals where the world’s 27 ongoing conflicts are today, and what type of conflicts they are.

Note: conflicts are categorized by definitions laid out by the CFR.

Detailing the Conflicts

Many people alive today have never lived through a war on their country’s soil, especially those in the West. But conflict, wars, and violence are by no means things of the past.

According to the Armed Conflict Location & Event Data Project (ACLED), as of Q2’2021 alone:

  • Violence against civilians resulted in over 5,000 deaths worldwide
  • Battle related deaths numbered over 18,000
  • Explosion/remote violence led to more than 4,000 deaths
  • Riots resulted in over 600 fatalities

Most of the world’s conflicts are concentrated in Asia and Africa and the most common forms are territorial disputes and civil wars. While terrorism often strikes fear in people, only three of the world’s ongoing conflicts are linked to terrorism, according to the CFR.

Conflict NameTypeCountries Involved
Civil War in South SudanCivil War🇸🇸 South Sudan
War in YemenCivil War🇾🇪 Yemen
Civil War in LibyaCivil War🇱🇾 Libya
War in AfghanistanCivil War🇦🇫 Afghanistan
Civil War in SyriaCivil War🇸🇾 Syria
Instability in IraqCivil War🇮🇶 Iraq
Criminal Violence in MexicoCriminal🇲🇽 Mexico
Confrontation of U.S. & IranInterstates🇺🇸 United States
🇮🇷 Iran
Conflict of India & PakistanInterstates🇮🇳 India
🇵🇰 Pakistan
North Korea CrisisInterstates🇺🇸 United States
🇰🇵 North Korea
Violence in the DRCPolitical Instability🇨🇩 DRC
Instability in EgyptPolitical Instability🇪🇬 Egypt
Political Instability in LebanonPolitical Instability🇱🇧 Lebanon
Instability in VenezuelaPolitical Instability🇻🇪 Venezuela
Tigray War in EthiopiaPolitical Instability🇪🇹 Ethiopia
Boko Haram in NigeriaSectarian🇳🇬 Nigeria
Violence in Central African RepublicSectarian🇨🇫 Central African Republic
Rohingya Crisis in MyanmarSectarian🇲🇲 Myanmar
Nagorno-Karabakh ConflictTerritorial Disputes🇦🇲 Armenia
🇦🇿 Azerbaijan
Conflict in UkraineTerritorial Disputes🇺🇦 Ukraine
🇷🇺 Russia
Israeli-Palestine ConflictTerritorial Disputes🇮🇱 Israel
🇵🇸 Palestine
Turkey & Armed Kurdish GroupsTerritorial Disputes🇹🇷 Turkey
South China Sea DisputesTerritorial Disputes🇨🇳 China
🇻🇳 Vietnam
🇵🇭 Philippines
Tensions in East China SeaTerritorial Disputes🇨🇳 China
🇯🇵 Japan
Destabilization in MaliTerrorism🇲🇱 Mali
Al-Shabab in SomaliaTerrorism🇸🇴 Somalia
Islamist Militancy in PakistanTerrorism🇵🇰 Pakistan

As an example of a more typical conflict, Myanmar’s civil unrest began in February 2020 when the military overthrew the democratically elected government and arrested the country’s leader Aung San Suu Kyi. The civilian population has been protesting heavily but to no avail. According to a BBC report, more than 860 people have been killed and around 5,000 have been detained.

This is just one of the many examples of persistent violence today including recent events like Mexico’s midterm election violence, Ethiopia’s fighting in the country’s Tigray region, and the fighting between Israel and Palestine over the Sheikh Jarrah evictions.

Finally, though the United States military has now withdrawn from Afghanistan, and the Taliban has taken control of the country, the outlook for the country remains uncertain.

War and Peace

While there are conflicts today, deaths from violence and wars have and wars have decreased over time. For example, battle death rates in state-based conflicts have reduced significantly in a period from 1946 to 2016.

However, according to the UN, although battle related deaths have been decreasing, the number of conflicts occurring in the last few years has actually been on the rise (they have simply remained less deadly). Most conflicts have been waged by non-state actors, like organized criminal groups and political militias.

The UN found that the most common causes of conflict today are:

  • Regional tensions
  • Breakdowns in the rule of law
  • Co-opted or absent state institutions
  • Illicit economic gain
  • Scarcity of resources exacerbated by climate change

Traditional war between countries and war-related deaths may be becoming a thing of the past, but the threat of violence is still very real. Many countries know this as they continue to build up armies and spend significant amounts on military and defense.

The Future of Warfare

War and conflict are still extremely relevant in the 21st century and impact millions of people. However, traditional warfare may be changing its shape and may become less deadly as a result.

For instance, issues like climate change will create further exacerbations on conflicts, and new forms of technological and cyber warfare could threaten countries’ elections and manipulate populations.

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