Fred Trump was an American real estate developer who had a net worth equal to $200-300 million at the time of his death in 1999. That’s the same as around $300-$450 million today after adjusting for inflation. Trump’s net worth was estimated at $200 million in 1982, which is the same as around $500 million today. Fred was the father of Donald Trump. Fred co-founded the real estate development company E. Trump & Son with his mother, Elizabeth Christ Trump, in 1927. The company later came to be known as the Fred Trump Organization, and now it is called The Trump Organization.
Fred was investigated for profiteering by a U.S. Senate committee as well as the State of New York, and after Donald became president of The Trump Organization, the U.S. Justice Department’s Civil Rights Division filed a lawsuit against the organization in 1973 for violating the Fair Housing Act.
Trump was diagnosed with “mild senile dementia” in 1991, and he began suffering from Alzheimer’s disease two years later. He died of pneumonia in June 1999.