Trump signaled his intention to run for a second term by filing with the FEC within a few hours of assuming the presidency. This transformed his 2016 election committee into a 2020 reelection one. Trump marked the official start of the campaign with a rally in Melbourne, Florida, on February 18, 2017, less than a month after taking office. By January 2018, Trump's reelection committee had $22 million in hand, and it had raised a total amount exceeding $67 million by December 2018. Trump became the Republican presumptive nominee on March 17, 2020, after securing a majority of pledged delegates. Trump's re-election campaign saw declining poll numbers by mid-2020, reflecting dissatisfaction with his handling of the COVID-19 pandemic and widespread racial justice protests following the killing of George Floyd.
On September 26, 2016, Trump and Clinton faced off in their first presidential debate, which was held at Hofstra University in Hempstead, New York. The second presidential debate was held at Washington University in St. Louis, Missouri. The final presidential debate was held on October 19 at the University of Nevada, Las Vegas. Trump's refusal to say whether he would accept the result of the election, regardless of the outcome, drew particular attention, with some saying it undermined democracy.
More InfoTrump has often said he began his career with "a small loan of one million dollars" from his father, and that he had to pay it back with interest. In October 2018, The New York Times reported that Trump "was a millionaire by age 8", borrowed at least $60 million from his father, largely failed to reimburse him, and had received $413 million (adjusted for inflation) from his father's business empire over his lifetime. According to the report, Trump and his family committed tax fraud, which a lawyer for Trump denied. The tax department of New York said it is "vigorously pursuing all appropriate avenues of investigation" into it. Analyses by The Economist and The Washington Post have concluded that Trump's investments underperformed the stock market. Forbes estimated in October 2018 that the value of Trump's personal brand licensing business had declined by 88% since 2015, to $3 million.
More InfoIn January 2018, White House physician Ronny Jackson said Trump was in excellent health and that his cardiac assessment revealed no issues. Several outside cardiologists commented that Trump's 2018 LDL cholesterol level of 143 did not indicate excellent health. In February 2019, after a new examination, White House physician Sean Conley said Trump was in "very good health overall", although he was clinically obese. His 2019 coronary CT calcium scan score indicates he suffers from a form of coronary artery disease common for white men of his age.
More InfoIn 1982, Trump was listed on the initial Forbes list of wealthy individuals as having a share of his family's estimated $200 million net worth. His financial losses in the 1980s caused him to be dropped from the list between 1990 and 1995. In its 2020 billionaires ranking, Forbes estimated Trump's net worth at $2.1 billion (1,001st in the world, 275th in the U.S.) making him one of the richest politicians in American history and the first billionaire American president. During the three years since Trump announced his presidential run in 2015, Forbes estimated his net worth declined 31% and his ranking fell 138 spots. When he filed mandatory financial disclosure forms with the Federal Elections Commission (FEC) in July 2015, Trump claimed a net worth of about $10 billion; however, FEC figures cannot corroborate this estimate because they only show each of his largest buildings as being worth over $50 million, yielding total assets worth more than $1.4 billion and debt over $265 million. Trump said in a 2007 deposition, "My net worth fluctuates, and it goes up and down with markets and with attitudes and with feelings, even my own feelings."
More InfoIn April 2019, the House Oversight Committee issued subpoenas seeking financial details from Trump's banks, Deutsche Bank and Capital One, and his accounting firm, Mazars USA. In response, Trump sued the banks, Mazars, and committee chairman Elijah Cummings to prevent the disclosures. In May, DC District Court judge Amit Mehta ruled that Mazars must comply with the subpoena, and judge Edgardo Ramos of the Southern District Court of New York ruled that the banks must also comply. Trump's attorneys appealed the rulings, arguing that Congress was attempting to usurp the "exercise of law-enforcement authority that the Constitution reserves to the executive branch".
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