On Wednesday, The Wall Street Journal reported on the wealth effect of Donald Trump.
According to the Journal, if Trump were to earn $1 billion annually, it would mean that he could afford to buy a $1.5 billion home in Beverly Hills and spend it on his children.
The Journal also reported that if Trump bought an $8.5 million home in South Florida, it could buy him a new SUV, a $9,000 yacht, a home in New York City and a new Ferrari.
According the Journal: The Trump brand is already worth $4 billion, with the president-elect buying up assets that would put him in the $5 billion range in 2020.
The billionaire has also purchased a fleet of luxury cars, including a Ferrari, a Mercedes-Benz, a Bentley, and a Rolls-Royce.
The value of Trump’s businesses, according to the report, is now estimated to be $12 billion.
But that doesn’t take into account the value of his personal wealth, which is estimated to total at $9.9 billion.
Trump is one of the wealthiest men in the world.
The U.S. has the highest wealth inequality in the developed world.
According as Forbes, the top 10 percent of the American population own a staggering $1 trillion.
Trump’s family has more wealth than any other American family, according the Journal.
Trump has also claimed that he owns more assets than the presidents of the United States and Britain combined.
Trump recently announced that he would donate $1 million to charity, the Journal reported.