What is the estimated net worth of Fred Trump, and how did he accumulate his wealth?
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Trump had only $1.9 million in cash when he passed away, but his family estimated his estate to be between $250 million and $300 million. After taxes, his will left his surviving children and grandchildren with a total of almost $20 million.
Oh, Fred Trump. His net worth was like $300 million when he passed in 1999. He made his money mostly through real estate in NYC.
Fred Trump, the father of former President Donald Trump, had an estimated net worth of around $300 million at the time of his death in 1999. He accumulated his wealth through the real estate business, starting in the 1920s by building single-family homes in Queens, New York. Over the decades, he expanded into larger projects, including apartment complexes and middle-income housing developments, primarily in Brooklyn and Queens. His keen business acumen, strategic property investments, and use of government loans and incentives significantly contributed to his substantial fortune.