The President of america holds one of many world’s most influential positions, however together with this energy comes a considerable monetary bundle with varied lifetime perks and advantages. Even after leaving workplace, former U.S. presidents get pleasure from quite a few privileges.
The U.S. Presidential Wage
It might come as a shock to many who the U.S. president’s wage hasn’t elevated in over 20 years. Because of this when President-elect Donald Trump formally takes workplace once more in January 2025, he’ll earn the identical wage as his predecessor, Joe Biden.
Donald Trump will obtain an annual wage of $400,000, a determine that has remained unchanged since 2001. Previous to that, the presidential wage was $200,000 per 12 months from 1969 to 2001.
Extra Allowances and Advantages
Together with the annual wage, the U.S. president is entitled to varied different allowances and advantages. These embrace a $50,000 non-taxable expense allowance, a $100,000 journey funds, and a $19,000 leisure allowance yearly.
Furthermore, there’s a $100,000 redecoration allowance for the official residence, the White Home, ought to the incoming president require modifications upon taking workplace.
Collectively, these monetary provisions make sure the president receives compensation becoming the function’s significance.
Official Residence and Safety
Along with the various advantages, the president can be entitled to reside within the White Home with their household. All dwelling prices, together with upkeep, are totally lined.
The White Home serves as each the official residence and workspace for the president, providing a cushty and safe setting. The president and their household additionally obtain 24/7 safety safety, supplied by the Secret Service.
Submit-Workplace Advantages
Even after leaving workplace, former U.S. presidents proceed to obtain a government-funded wage, with an annual pension at present exceeding $200,000. Extra advantages embrace workplace house, journey bills, and extra, as stipulated by the Former Presidents Act of 1958.
Trump’s Wealth
Makes an attempt to pinpoint Donald Trump’s web price have been difficult resulting from his refusal to launch tax information. Based on Bloomberg’s Billionaires Index, Trump is ranked 465 among the many world’s wealthiest, with an estimated fortune of $6.68 billion.
Forbes lately valued Trump’s wealth at roughly $8 billion, whereas The Wall Avenue Journal estimates it between $7.5 billion and $10 billion, together with liabilities—a big improve from his web price when he ran for workplace in 2016 and 2020.