Trump back in the White House: What does the new president really earn?

Trump back in the White House: What does the new president really earn?

Donald Trump is back in the White House! With a surprisingly clear election, the 78-year-old ex-president prevailed against Kamala Harris and announced a radical change of course. But what does that mean for his finances? The US President's job may be associated with power and influence, but the question remains: is that also financially worth it?

As a federal official, the president receives a fixed salary that has remained annually at $ 400,000 (approx. 368,606 euros) for over 20 years. Even in his second term, Trump will not be able to expect a salary increase. However, the purchasing power has dropped greatly due to inflation; To keep George W. Bush's standard of living, Joe Biden would have to earn over $ 700,000 today. A clear indication of the economic challenges associated with the office!

Additional advantages and sources of income

In addition to the salary, the president enjoys numerous advantages: free accommodation in the White House, lifeguards and lifelong protection by the Secret Service. But the president's income is made up of more than just his salary. According to the tax return, Joe Biden and his wife Jill 2023 earned a total of $ 619,976 (approx. 571,317 euros), with the majority of Bidens presidential salary and Jill's income as a teacher. Interest on investments and book sales also contribute to the financial basis.

In addition, a newly elected president receives $ 100,000 for the establishment and decoration of the White House. Donald Trump, who likes to present himself as a self-made billionaire, has a fortune of around $ 5.8 billion (as of November 9, 2024), according to "Forbes". He thus occupies 577 of the richest people in the world. A look at the finances of a man who wants to lead the nation again!