As of 2020, Forbes estimated his net worth to be $2.1 billion.Trump entered the 2016 presidential race as a Republican and defeated 16 other candidates in the primaries. His political positions have been described as populist, protectionist, and nationalist. He was elected in a surprise victory over Democratic nominee Hillary Clinton, but lost the popular vote. He became the oldest first-term U.S. president, and the first without prior military or government service. Many of his comments and actions have been characterized as racially charged or racist. Members of the alt-right enthusiastically supported Trump's campaign. In August 2016, he appointed Steve Bannon – the executive chairman of Breitbart News – as his campaign CEO; Bannon described Breitbart News as 'the platform for the alt-right'. In an interview days after the election, Trump condemned supporters who celebrated his victory with Nazi salutes.
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