Donald Trump Net Worth
Donald Trump has an estimated net worth of $3 billion. Billionaire real estate mogul and former reality television personality Donald Trump is the 45th president of the United States. He earns most of his income from his real estate business.
Donald Trump became the 45th President of the United States on January 20, 2017. He was previously a real estate mogul and a reality TV star. When he opened the Grand Hyatt New York in 1980, he became the city’s most well-known developer. Trump first appeared on the hit NBC reality show The Apprentice in 2004.
Trump shifted his focus to politics, announcing his candidacy for President of the United States on the Republican ticket in 2015. On July 19, 2016, Trump became the official Republican presidential candidate, and on November 8, 2016, he defeated Democratic candidate Hillary Clinton to become the 45th President of the United States. Four years later, Trump was defeated in his reelection bid by former Vice President Joe Biden.
To calculate the net worth of Donald Trump, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$3 Billion|
|Monthly Salary:||$1 Million|
|Annual Income:||$15 Million|
|Source of Wealth:||Businessperson, Author, Investor, TV Personality, Politician|
Early Life and Education
Donald John Trump was born in Queens, New York, on June 14, 1946. He was a boisterous, assertive child. The Trumps’ fortune grew during the postwar real estate boom of the 1950s. Trump’s mother raised him as a Presbyterian, and he identifies as a mainline Protestant.
Trump’s parents sent him to the New York Military Academy when he was 13 years old, hoping that the school’s discipline would channel his energy in a positive way. He excelled both socially and academically at the academy, rising to become a star athlete and student leader by the time he graduated in 1964.
In 1964, Trump enrolled at Fordham University. He transferred to the University of Pennsylvania’s Wharton School of Finance two years later and graduated in 1968 with a degree in economics.
During his college years, Trump worked part-time at his father’s real estate company. He also obtained education deferments for the draft during the Vietnam War, as well as a one-year medical deferment after graduating.
Parents and Siblings
Trump’s father, Frederick Trump, was a builder and real estate developer who specialized in constructing and operating middle-income apartments in Queens, Staten Island and Brooklyn.
Trump’s mother, Mary MacLeod, immigrated from Tong, Scotland, in 1929 at the age of 17. She and Fred Trump married in 1936. The couple settled in Jamaica, Queens, a neighborhood that was, at the time, filled with Western European immigrants. As the family’s wealth increased, Mary became a New York socialite and philanthropist.
Fred died in 1999, and Mary passed away the following year.
Trump is the fourth of five children.
- Maryanne Trump Barry was a senior judge of the US Court of Appeals for the Third Circuit, but took an inactive stats soon after her brother became president.
- Fred Trump Jr. worked briefly with his father and then became a pilot. He struggled with alcohol and died in 1981 at the age of 43, prompting Donald to announce that he never drinks alcohol or take drugs. “He had a profound impact on my life, because you never know where you’re going to end up,” Trump said.
- Elizabeth Trump Grau is a retired banker who is married to film producer James Grau.
- Robert Trump was Donald’s younger brother who spent much of his career working for the family company. He died in 2020, aged 71.
Trump is currently married to Melania Trump (née Knauss), a former Slovenian model who is more than 23 years his junior. The couple married in a lavish and well-publicized wedding in January 2005. Hillary Clinton and former President Bill Clinton were among the many celebrity guests at the wedding.
Trump married his first wife, Ivana Trump (née Zelnickova Winklmayr), a New York fashion model who was an alternate on the Czech Olympic Ski Team in 1972, in 1977. She was named vice president in charge of design in the Trump Organization and was instrumental in overseeing the Commodore and Plaza Hotel renovations.
Donald Trump Jr., Ivanka, and Eric were the couple’s three children. They had a highly publicized divorce, which was finalized in 1992.
Trump married Marla Maples, an actress with whom he had been involved for some time and who already had a daughter, Tiffany, in 1993.
Trump eventually filed for divorce from Maples in 1997, and the divorce was finalized in June 1999. Maples received $2 million in a prenuptial agreement.
Trump has five kids. His first wife, Ivana Trump, and he had three children together: Donald Trump Jr. in 1977, Ivanka Trump in 1981, and Eric Trump in 1984. Tiffany Trump was born in 1993 to Trump and his second wife, Marla Maples. In March 2006, Trump’s current wife Melania Trump gave birth to Trump’s youngest child, Barron William Trump.
Donald Jr. and Eric Trump, Trump’s sons, work as executive vice presidents for The Trump Organization. They took over the family business while their father continues to serve as president.
Ivanka Trump, Trump’s daughter, was also an executive vice president of The Trump Organization. She left the company and her own fashion label to work in her father’s administration as an unpaid presidential assistant. Jared Kushner, her husband, is also a senior adviser to President Trump.
Trump’s Real Estate and Businesses
Trump followed in his father’s footsteps into real estate development, bringing his loftier goals to the family business. Trump’s businesses include The Trump Organization, Trump Tower, Atlantic City casinos, and television franchises such as The Apprentice and Miss Universe. Trump has agreements with the Javits Center and the Grand Hyatt New York, as well as other real estate ventures in New York, Florida, and Los Angeles.
Forms for reporting federal income Trump’s golf courses, including Trump National Doral and Mar-a-Lago in Florida, earn roughly half of his income, according to tax returns filed in 2017. Aircraft, merchandise, and royalties from his two books, The Art of the Deal and Crippled America: How to Make America Great Again, are among his other financial ventures.
The Art of the Deal
Trump co-authored the book The Art of the Deal with Tony Schwartz in 1987. Trump describes how he successfully closes business deals in his book.
“I’M NOT IN IT FOR THE MONEY. I have far more than I will ever need. I do it for the sake of doing it. “Deals are my medium,” Trump wrote.
The book was a New York Times best-seller, though the number of copies sold has been disputed; sales have been estimated to be between 1 and 4 million copies to date.
Schwartz later became an outspoken critic of the book and of Trump, expressing regret for making the president “appealing than he is.”
Trump’s net worth has been the subject of much speculation over the years. Because Trump has not made his tax returns public, it is impossible to determine his wealth in the past or today. However, according to the Office of Government Ethics, Trump valued his businesses at least $1.37 billion on his 2017 federal financial disclosure form. According to Trump’s 2018 disclosure form, his total revenue for the year was at least $434 million.
Trump estimated his net worth to be around $1.5 billion in 1990. The real estate market was in decline at the time, lowering the value and income from Trump’s empire. The Trump Organization required a massive infusion of loans to keep it from collapsing, raising concerns about the corporation’s ability to survive bankruptcy. Some observers saw Trump’s decline as a metaphor for many of the 1980s’ business, economic, and social excesses.
The New York Times discovered in a May 2019 investigation of ten years of Trump’s tax returns that his businesses lost money every year between 1985 and 1994. According to the newspaper, Trump’s businesses lost $1.17 billion over the decade.
Later, Trump defended himself on Twitter, calling the Times report “a highly inaccurate Fake News hit job!” He tweeted that he reported “losses for tax purposes,” which he described as a “sport” among real estate developers.
During his 2016 presidential campaign, Trump’s net worth was called into question, and he courted controversy by repeatedly refusing to release his tax returns while they were being audited by the Internal Revenue Service. He did not release his tax returns during the campaign and has yet to do so. It was the first time since Richard Nixon in 1972 that a major party candidate did not release such information to the public before a presidential election.
After Democrats reclaimed control of the House in 2018, Trump was once again pressured to release his tax returns. In April 2019, House Ways and Means Committee Chairman Richard Neal requested six years of the president’s personal and business tax returns from the IRS. Treasury Secretary Steven Mnuchin turned down the request, as well as Neal’s subsequent subpoena for the documents.
The New York State Assembly passed legislation in May allowing tax officials to release the president’s state returns to the chairs of the House Ways and Means Committee, Senate Finance Committee, and Joint Committee on Taxation for any “specified and legitimate legislative purpose.” Given that the Trump Organization’s headquarters are in New York City, it was expected that the state returns would contain much of the same information as the president’s federal returns.
In September 2019, Manhattan District Attorney Cyrus Vance Jr. issued a subpoena to the accounting firm Mazars USA for Trump’s personal and corporate tax returns dating back to 2011, prompting the president’s lawyers to file a challenge. In October, a federal district judge in Manhattan dismissed Trump’s lawsuit, though the United States Court of Appeals for the Second Circuit agreed to temporarily halt enforcement of the subpoena while the case was heard. A few days later, the same appeals court denied Trump’s request to block another subpoena issued to Mazars USA, this time by the House Oversight and Reform Committee.
The cases were presented to the Supreme Court in May 2019 after the Court agreed to hear arguments in December 2019 on whether the president could block the disclosure of his financial information to congressional committees and the Manhattan district attorney.
The New York Times reported in September 2020 that Trump paid only $750 in federal income taxes in 2016 and 2017, and no income taxes in 10 of the previous 15 years. According to a lawyer for the Trump Organization, “most, if not all, of the facts appear to be inaccurate” in the Times report.
Lawsuits and Investigations
Fair Housing Act Discrimination Trial
In 1973, the federal government filed a complaint against Trump, his father, and their company, alleging that they had discriminated against tenants and potential tenants based on race, a violation of the Fair Housing Act, which is part of the Civil Rights Act of 1968.
After a lengthy legal battle, the case was settled in 1975. The Trump organization was required to educate employees about the Fair Housing Act and inform the community about its fair housing practices as part of the agreement.
“In the end,” Trump wrote in his 1987 memoir Art of the Deal, “the government couldn’t prove its case, and we ended up taking a minor settlement without admitting any guilt.”
Trump established his for-profit Trump University in 2005, offering classes in real estate and wealth acquisition and management. The venture had been under scrutiny almost since its inception, and it was still the subject of multiple lawsuits when he ran for president in 2015.
Claimants accused Trump of fraud, false advertising, and breach of contract in the cases. The suits sparked controversy when Trump suggested that because of his Mexican heritage, U.S. District Court Judge Gonzalo Curiel could not be impartial in overseeing two class action lawsuits.
On November 18, 2016, Trump, who had previously stated that he would go to trial, agreed to settle three of the lawsuits for $25 million without admitting liability. New York Attorney General Eric Schneiderman called the settlement “a stunning reversal by Trump and a major victory for the over 6,000 victims of his fraudulent university” in a statement.
Donald J. Trump Foundation
Later, it was reported that Florida Attorney General Pam Bondi decided not to join the existing New York fraud lawsuit in a separate incident involving Trump University. This came just days after she received a sizable campaign donation from the Donald J. Trump Foundation, a private charity organization founded in 1988 to make donations to nonprofit organizations. Bondi’s name was reported to be on Trump’s list of potential U.S. Attorney General candidates in November 2016.
As a result of the improper donation to Bondi’s campaign, Trump was required to pay an IRS penalty, and his foundation was investigated for using funds for non-charitable purposes. According to tax records, The Trump Foundation has received no charitable gifts from Trump since 2008, and all donations since then have come from outside sources. After Trump admitted to using foundation funds to promote his presidential campaign and settle debts, he was ordered to pay $2 million in damages, and the foundation was forced to close its doors.
Trump is a registered Republican at the moment. In the last three decades, he has switched parties several times.
Trump registered as a Republican in 1987 and as an Independent two years later, in 1989. Trump ran for president for the first time in 2000 on the Reform ticket. He registered as a Democrat in 2001.
By 2009, Trump had returned to the Republican Party, though he registered as an Independent in 2011 in order to run in the presidential election the following year. He rejoined the Republican Party in 2012 to support Mitt Romney’s presidential campaign, and he has remained a Republican ever since.
2016 Presidential Campaign vs. Clinton
In the 2016 presidential election, Trump became the official Republican nominee against Democrat Hillary Clinton. On November 8, 2016, he won the majority of electoral college votes, defying polls and media projections. Despite losing the popular vote by nearly 2.9 million votes to Hillary Clinton, Trump’s electoral victory — 306 electoral college votes to Clinton’s 232 — secured his election as the 45th President of the United States.
After one of the most contentious presidential campaigns in US history, blue-collar and working-class Americans saw Trump’s election as a resounding rejection of establishment politics.
“I pledge to every citizen of our land that I will be president for all Americans,” Trump said in his victory speech.” He said of his supporters: “As I’ve said from the start, ours was not a campaign, but an incredible and great movement comprised of millions of hardworking men and women who love their country and want a better, brighter future for themselves and their families.”
Trump accepted the Republican presidential nomination on July 21, 2016, at the Republican National Convention in Cleveland. He outlined the issues he would address as president in his speech, including American violence, the economy, immigration, trade, terrorism, and the appointment of Supreme Court justices.
“We are going to build a great border wall to stop illegal immigration, gangs and violence, and drugs from pouring into our communities,” he said of immigration.
He also promised supporters that he would renegotiate trade deals, cut taxes and government regulations, repeal the Affordable Care Act (also known as Obamacare), defend Second Amendment gun rights, and “rebuild our depleted military,” while asking the countries that the United States is protecting to “pay their fair share.”
Chief Justice of the United States John Roberts swore Trump in as the 45th President of the United States on January 20, 2017. Trump took the oath of office while holding the Bible used at Abraham Lincoln’s inauguration as well as his own family Bible, which was given to him by his mother in 1955 when he graduated from Sunday school at his family’s Presbyterian church.
Trump’s inaugural address on January 20th sent a populist message that he would prioritize the American people over politics. “What truly matters is whether our government is controlled by the people, not which party controls our government,” he said. “January 20, 2017, will be remembered as the day the people reclaimed control of this country.”
He went on to paint a bleak picture of a failed America, describing impoverished families, an ineffective education system, crime, drugs, and gangs. “This American carnage comes to an end right here and right now,” he said.
Millions of protesters took to the streets the day after Trump’s inauguration, both in the United States and around the world. Over 500,000 people attended the Women’s March on Washington to protest Trump’s stance on a variety of issues ranging from immigration to environmental protection.
Conflict of Interest
Trump resurrected the contentious Keystone XL and Dakota Access pipelines to transport oil extracted in Canada and North Dakota shortly after taking office. Following protests from environmental and Native American groups, President Obama halted the pipelines.
Trump owned shares in Energy Transfer Partners, the company in charge of building the Dakota Access Pipeline, but sold them in December 2016. Kelcy Warren, CEO of Energy Transfer Partners, also contributed to Trump’s presidential campaign, raising concerns about a conflict of interest.
Mueller Investigation of Donald Trump
On May 17, 2017, Deputy Attorney General Rosenstein appointed Robert Mueller, a former federal prosecutor and FBI director, to lead an investigation into Russian meddling in the 2016 presidential election and possible ties to the Trump campaign.
On March 24, 2019, two days after Mueller submitted his report to Attorney General Barr, the AG summarized the report’s content in a letter to congressional leaders. He wrote that there was no evidence of collusion between the Trump campaign and Russian agents, but he emphasized the special counsel’s language on whether the president obstructed justice: “while this report does not conclude that the president committed a crime, it also does not exonerate him.” Nonetheless, Trump declared his innocence, calling the 22-month investigation a “illegal takedown that failed.”
Mueller announced the first indictments of his investigation on October 30, 2018, charging former Trump campaign chairman Paul Manafort and his associate Rick Gates with tax fraud, money laundering, and foreign lobbying violations. Flynn pleaded guilty to one count of lying to the FBI on December 1 and stated that he was cooperating with Mueller’s team.
In January 2018, it was revealed that Mueller was looking for an interview with Trump to question him about his firings of Comey and Flynn, among other things. The president stated publicly that he was “looking forward to it.” The New York Times reported days later that Trump had attempted to fire Mueller the previous June before backing down after the White House counsel objected.
In early February, the president gave House Republicans permission to release a contentious memo summarizing the FBI’s efforts to obtain a warrant to wiretap former Trump campaign associate Carter Page. The FBI and DOJ, according to the memo, relied on information from the infamous dossier, whose author was commissioned by the Democratic Party to dig up dirt on Trump. House Democrats countered that the memo omitted critical information to give the impression that the FBI was biased against Trump, undermining the bureau’s involvement in the Mueller investigation.
The New York Times obtained and published a list of four dozen questions that Mueller hoped to ask Trump in April, ranging from the president’s contacts with Manafort to his understanding of the June 2016 meeting at Trump Tower led by his oldest son, to the intentions behind some of his tweets in relation to possible obstruction of justice. Ultimately, instead of sitting down for face-to-face questioning by Mueller, the president submitted written responses.
Mueller’s report was released in March 2019, finding no evidence of collusion but using cryptic language to determine whether the president obstructed justice. The outrage over the report hasn’t subsided, especially since the redacted version raised new questions about obstruction and whether Barr was attempting to shield the president from congressional scrutiny.
After Trump used executive privilege to prevent the release of the unredacted report in May 2019. The House Judiciary Committee voted to recommend that the Attorney General be held in contempt of Congress.
Trump and Stormy Daniels
Stormy Daniels, the stage name of adult-film star Stephanie Clifford, reportedly signed a nondisclosure agreement just before the 2016 election to remain silent on her affair with Trump.
The Daniels saga became part of the news cycle after the Wall Street Journal reported on it in early 2018, leading to a much-publicized appearance on Jimmy Kimmel’s late-night show in which she played coy on the issue.
Michael Cohen, Trump’s longtime personal lawyer, admitted to paying Daniels $130,000 out of his own pocket in February 2018, though he did not specify why. Daniels broke her silence on the subject in March, claiming that the nondisclosure agreement was null and void because Trump never signed it.
In late March, Daniels was interviewed by 60 Minutes about her alleged affair with Trump, as well as a parking lot encounter with an unknown man who warned her not to discuss the affair in public. The segment aired shortly after a televised interview with another alleged Trump mistress, former Playboy model Karen McDougal, who claimed she fell in love with Trump during their relationship.
In early April, the president made his first public remarks on the matter aboard Air Force One, saying he had no knowledge of the payment to Daniels. When asked why Cohen felt obligated to pay $130,000 for what the White House called false allegations, Trump said, “Michael’s my attorney, and you’ll have to ask Michael.”
McDougal later reached an agreement with American Media Inc (AMI) that allowed her to speak freely about her alleged affair with Trump. In 2016, the model signed a $150,000 deal with AMI’s The National Enquirer for exclusive story rights, though the tabloid never reported on the matter. McDougal was allowed to keep the $150,000 under the new contract, though she would have to share the profits if she sold or licensed the story to a new party.
Shortly after, Daniels sued the president for defamation after he dismissed a composite sketch of a man who allegedly confronted her in a parking lot as a “con job.” According to the lawsuit, Trump recklessly accused her of lying and breaking the law, resulting in more than $75,000 in damages.
Michael Cohen Investigation
Trump’s former personal lawyer, Michael Cohen, was investigated by the United States Attorney’s Office for the Southern District of New York in July 2018. He released a two-year-old secret recording of a conversation with Trump about payments to AMI for the McDougal story, indicating that Trump was aware of the situation since his campaign days.
The controversy erupted in August, when Cohen agreed to plead guilty to eight criminal charges, two of which he claimed he committed at the president’s request to violate campaign finance laws and make hush payments. That December, Trump’s former personal lawyer was sentenced to three years in prison.
The following February, Cohen testified before the House Oversight Committee in a televised hearing about a variety of Trump’s transgressions. Along with claiming that his ex-boss was aware of the Trump Tower meeting with Russians and the Wikileaks dump of DNC emails, both of which occurred in mid-2016, he provided checks as proof of the president’s reimbursement of his payment to Stormy Daniels.
The United States Attorney’s Office for the Southern District of New York issued a subpoena to Trump’s inaugural committee in February 2019, seeking a collection of documents, including committee members’ bank accounts and the names of donors, vendors, and contractors.
The committee was formed as a result of the investigations into Michael Cohen. Prosecutors were believed to be looking into crimes such as conspiracy to defraud the United States, making false statements, and money laundering.
Impeachment and Acquittal
By the time Mueller’s special counsel investigation into Trump concluded in March 2019, some Democrats, including 2020 Democratic presidential candidates Kamala Harris and Cory Booker, were calling for impeachment proceedings to begin.
After Mueller held a press conference about his report in May 2019, calls for impeachment increased. Mueller stated that he could not clear Trump of obstruction of justice but declined to pursue impeachment, leaving Democrats to decide whether Trump’s actions should be investigated for impeachable offenses. However, House Judiciary Committee Chair Jerry Nadler and House Speaker Nancy Pelosi both opposed impeachment proceedings.
After the House voted to condemn Trump for his Twitter comments about four congresswomen of color, Texas Democrat Al Green filed a resolution to initiate impeachment proceedings against the president in July 2019. The resolution was defeated by a vote of 332-to-95 because most of his Democratic colleagues were not yet ready to take the plunge.
The reports of Trump pressuring the Ukrainian president to investigate Joe and Hunter Biden, as well as the administration’s attempt to conceal the whistleblower complaint, shifted the tide. On September 24, 2019, Pelosi announced that the House would initiate a formal impeachment investigation into Trump.
Following five weeks of investigations and interviews, the House voted 232-196 on October 31 to approve a resolution establishing rules for the impeachment process. All but two Democrats and the House’s lone independent voted in favor of the bill, while Republicans voted unanimously against it.
The impeachment hearings began on November 13 with testimony from Taylor and another State Department official, while Trump was in Turkey meeting with Turkish President Recep Tayyip Erdogan. The next week, Gordon Sondland, the United States’ ambassador to the European Union, testified about what he called a clear case of quid pro quo, noting that Vice President Pence, Secretary of State Pompeo, and other top administration officials were aware of Trump’s pressure campaign.
On December 10, 2019, House Democrats announced that they would file two articles of impeachment against Trump, charging him with abuse of power and obstruction of Congress. Eight days later, the House voted almost entirely along party lines for the two articles, making Trump the third president of the United States to be impeached by the House, following Andrew Johnson in 1868 and Bill Clinton in 1998; President Richard Nixon resigned before he could be impeached.
On January 21, 2020, the Senate trial formally began, with seven House Democratic impeachment managers arguing their case of Trump’s abuses against the president’s legal defense that everything was legal. Although former national security adviser John Bolton was mentioned as a possible wild card after reports that his upcoming book would reveal more evidence of Trump tying Ukraine aid to political investigations, his account became irrelevant when the Senate voted on January 31 to bar additional witnesses.
On February 5, 2020, the Senate voted along party lines to acquit President Trump on both charges, bringing the impeachment saga to a close. Mitt Romney, now a senator from Utah, was the lone Republican to vote in favor of conviction on the charge of abuse of power.
2020 Reelection Campaign
Trump launched his 2020 reelection campaign on June 18, 2019, with one of his patented rallies at the 20,000-seat Amway Center in Orlando, Florida.
Along with extolling his economic record, the president whipped up his supporters by attacking the special counsel’s “witch hunt” and his political opponents, adding that his new slogan would be “Keep America Great.”
“We’re going to keep working,” he said. “We will fight until the end. And we’ll keep on winning, winning, winning.”
2020 Election Defeat
Although most national polls had Trump trailing Biden heading into election day, the president appeared to be on solid ground as he won the crucial state of Florida and surged ahead in other battleground states. However, as the mail-in ballots piled up, the race began to tilt in Biden’s favor, prompting the president to lash out at the process and the filing of lawsuits in Pennsylvania, Michigan, Nevada, and Georgia to challenge the results.
On November 7, 2020, four days after the election, Biden was declared the 46th president-elect after winning Pennsylvania, making Trump the first president since George H.W. Bush in 1992 to lose his reelection bid. In a subsequent statement, Trump refused to concede, citing the ongoing litigation and stating that “this election is far from over.”
On December 14, 2020, all 538 Electoral College electors voted, confirming Biden’s victory over President Trump in the 2020 presidential election. Trump received 232 votes, while Biden received 306 votes.
Despite his lawsuits receiving little to no traction in courts across the country, the president continued to seek ways to influence the outcome of the election. On January 2, 2021, he urged Georgia Secretary of State Brad Raffensperger to “find” the nearly 12,000 votes required to close the state’s vote deficit to Biden. Furthermore, with a few steadfast senators and dozens of House Republicans announcing their intention to object during the congressional certification of Biden’s Electoral College victory on January 6, 2021, Trump increased pressure on Pence, as Senate president, to reject the votes from contested states.
Capitol Siege, Twitter Ban, and Second Impeachment
On January 6, the president held a rally during which he declared that he would “never concede” and urged supporters to march to the nearby Capitol building. The supporters stormed the Capitol and clashed with police, taking over the Senate chamber at one point while lawmakers were evacuated for their safety.
“These are the things and events that occur when a sacred landslide election victory is so unceremoniously & viciously stripped away from great patriots who have been badly & unfairly treated for so long,” Trump wrote on Twitter, adding, “Go home with love & in peace.” Never forget this day!”
Following the chaos that resulted in four deaths, more than 50 arrests, and the declaration of a public emergency by Washington, D.C. Mayor Muriel Bowser, law enforcement reclaimed control of the complex around 6 p.m. Congress quickly reconvened, its session lasting well past midnight as some members continued to express their dissatisfaction with the election results.
On January 7, shortly after 3:40 a.m., Vice President Pence formally declared Biden the election winner. Trump issued a statement shortly after his social media accounts were temporarily suspended due to the riots, saying, “Even though I totally disagree with the outcome of the election, and the facts bear me out, there will be an orderly transition on January 20th.”
Later that day, Trump addressed the “heinous attacks” on the Capitol in a video posted to Twitter, and he also conceded the election.
“We just had an intense election, and emotions are running high.” However, tempers must now be cooled and calm must be restored. “We have to get back to business in America,” he said. “The results have now been certified by Congress.” On January 20, a new administration will be inaugurated. My attention is now focused on ensuring a smooth, orderly, and seamless transition of power. This is a time for healing and reconciliation.”
Trump later announced on Twitter that he will not attend Biden’s inauguration. Trump’s Twitter account was temporarily suspended on January 6. Twitter announced a permanent ban on his account two days later, and several other social media platforms, including Facebook and Instagram, followed suit.
On January 13, the House voted to impeach Trump for the second time for “incitement of insurrection,” making him the first president in history to be impeached twice. Trump was acquitted on February 13 by a vote of 57-43 in the Senate.
Donald Trump Quotes
Everything in life is luck.
What separates the winners from the losers is how a person reacts to each new twist of fate.
A little more moderation would be good. Of course, my life hasn’t exactly been one of moderation.
The 1990’s sure aren’t like the 1980’s.
I like thinking big. If you’re going to be thinking anything, you might as well think big.
I don’t make deals for the money. I’ve got enough, much more than I’ll ever need. I do it to do it.
Sometimes your best investments are the ones you don’t make.
If you’re going to be thinking, you may as well think big.
You have to think anyway, so why not think big?
The point is that you can’t be too greedy.
I’m a bit of a P. T. Barnum. I make stars out of everyone.
Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.
I try to learn from the past, but I plan for the future by focusing exclusively on the present. That’s where the fun is.
I wasn’t satisfied just to earn a good living. I was looking to make a statement.
View our larger collection of the best Donald Trump quotes.
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