Donald Trump is the 47th president of the United States, and he is one of the wealthiest people ever to hold the office. For years, Trump has not publicly declared his wealth or his holdings. However, every year, Forbes gives out an estimated worth of the top 1% of the country.
As per this estimation by Forbes, President Trump’s estimated net worth in March 2025 is $5.1 billion. It is more than double his net worth of $2.3 billion from last year’s estimation.
Despite his considerable fortune, Trump, like all Americans over the age of 62, became eligible to receive Social Security benefits. Trump was born in 1946 and met his natural retirement age more than a decade ago. However, there have been no records of Trump claiming his retirement benefits in these last years.
As the records show, wealth can play an important role in whether someone chooses to claim these benefits at all.
The Social Security administration provides retirement benefits based on a person’s earnings history. It is also adjusted for the age at which benefits begin. In 2024, the full retirement age was 67 years, and the maximum monthly benefit for those retiring at that age was approximately $3,822.
Fact. In 2024, the maximum monthly Social Security retirement benefit is $3,822 at full retirement age (FRA), but it can be higher ($4,873) if benefits are delayed until age 70. https://t.co/IPahN1x5Z7
— seanmack (@seanmack1025) March 28, 2025
Some people would delay these social security benefits until the age of 70. Such individuals will see a rise in their monthly checks. The maximum rise to that amount was up to $4,873 per month.
Based on the earning history of the President of the United States, he would likely qualify for the top-tier benefit amount.
One can easily understand it like this. Former President Joe Biden and his wife, Dr. Jill Biden, reportedly received a combined $54,665 in Social Security benefits in 2021. This is about $4,555 per month. This equates to roughly $2,277 for each spouse. It is typical for Americans who worked consistently and claimed benefits in retirement.
According to the Social Security Administration, the average Social Security benefit is now $1,706 per month, more than $300 below the nearly record-high national median rent price of $2,047, per BI.
— unusual_whales (@unusual_whales) January 12, 2024
President Biden’s household does rely in part on Social Security income. However, Trump’s financial history and current earning estimation suggest he doesn’t need the payments to support his lifestyle.
Trump’s long-awaited tax returns from 2015 through 2020 were finally made public after extensive legal and political battles. Among other things, it also revealed a notable omission. President Trump claims no benefits.
For someone with his level of wealth, the decision seems logical. Forgoing Social Security checks definitely helped Trump in minimizing his taxable income. It also reflects that these benefits are financially negligible to his billions in assets.
Donald Trump says he will refuse a salary as president for the next four years. pic.twitter.com/EcnLe1qiLQ
— Globe Eye News (@GlobeEyeNews) December 9, 2024
Donald Trump declined his presidential salary of $400,000 during his first term in office and made an announcement of the same when he took office for the second time. However, he is still entitled to a pension as a former president. That pension amounts to $246,000 annually.
Including his pension, he has received more than $3 million in allowances to cover post-presidential expenses. These include charges for office space, staff, and travel. These allowances and Trump’s personal business income are more than enough to dwarf any social security benefit he could have claimed from the government.
Donald Trump qualifies for Social Security, and if he wants, he can claim the maximum benefit. However, he has not done that so far. At least until 2020, the records will be out in the open.
