Here's How Much Barron Trump Could Inherit From His Dad
Despite the controversies surrounding them, the Trump family continues to be known as one of the wealthiest families in America. Donald Trump Sr., the former U.S. president and family patriarch, reportedly has a net worth of $3.2 billion, per Forbes, although he claims to be worth more than that. Meanwhile, three of the oldest Trump kids are apparently multi-millionaires, too. Donald Trump Jr. and Eric Trump are roughly worth $25 million each, while Ivanka Trump is significantly richer, with a net worth of around $375 million, thanks to her fashion line and marriage to Jared Kushner.
But what's interesting is that Donald Sr. has still not passed down a considerable chunk of his fortune as most billionaires do. Over the years, he has marketed himself as a self-made billionaire, but The New York Times reported that he had been on the receiving end of some $413 million from his father, Fred Trump. He has yet to do the same thing for his children, leading many to wonder if he would ever find it upon himself to hand off his millions to his kids, especially the youngest of the bunch, Barron Trump, his only child with Melania Trump.
Unlike his older siblings, Barron has stayed out of the spotlight and is rarely seen in public. It also doesn't seem like he's particularly close with the rest of his siblings, either. And so in the event that Donald Sr. passes, how much could he possibly inherit — if there's any at all?
Barron Trump could inherit billions in taxes
As the youngest of the Trump children, Barron Trump barely has any stake in his family's roster of businesses. There are also little to no reports indicating what sort of inheritance could be passed down to him. But if Donald Trump Sr. died today, what Barron (and the rest of the Trump kids) is sure to get is a massive tax bill.
Per Forbes, Barron, along with Donald Jr., Ivanka, Eric, and Tiffany, could be slapped with a $1.3 billion tax bill when their father dies. This is because, for one, a 40% estate tax must be paid for inheritances over $1 million, and for another, Donald Sr. has held on to most of his wealth. Only three of the oldest Trump children have stakes in the business, but even theirs are quite insignificant. "It's puzzling," New York estate lawyer Bruce Steiner told Forbes. "At death if he's given away nothing, half of it disappears."
It's worth noting, however, that Donald Sr. has previously said that all his kids will eventually have equal stakes in the company. "My kids are treated very equally," he shared with The Wall Street Journal in 2013. "I think, and I hope, for their own sake, that they'll be able to get along ... It's not a deal where there's going to be one person succeeding me." So it's likely that he would eventually have to distribute his assets to his apparent heirs soon.
Melania Trump fought to ensure Barron's future
In 2017, Newsweek managed to unearth recordings of a 2005 Donald Sr. interview with Howard Stern, in which he revealed that there had been tension among his older children regarding fourth child Tiffany Trump's inheritance.
Stern supposedly asked the former president if his older children felt "nervous" when he had a new kid. "I have a friend who is also like a very rich guy," he reportedly answered. "And he said how his children hate the new children coming along and everything else; I said, 'Yeah, because every time you have a child, it's 20 percent less to the people [inaudible].'" The subject then pivoted to whether Tiffany in turn is concerned with younger half-brother Barron's inheritance, to which Donald Sr. said, "Well, you know, it does cut up the pie as you keep producing."
Luckily for Barron, mother Melania Trump reportedly negotiated her prenup deal to ensure that he'd never be left out. Per the book "The Art of Her Deal: The Untold Story of Melania Trump" (via The Washington Post), Melania held off moving to the White House after Donald Sr. won the presidency in 2016 because she wanted to "amend her financial arrangement" with her husband. The book went on to say, "She wanted proof in writing that when it came to financial opportunities and inheritance, Barron would be treated as more of an equal to Trump's oldest three children." Despite the concerns about his older siblings, it seems he has nothing to worry about.