What could be next for Donald Trump?

Former US President Donald Trump is set to leave the White House next year unless his final legal attempts can overturn Democrat Joe Biden's election victory.

Biden won the 2020 US election with 306 electoral votes, more than the 270 majority needed, and will likely be sworn into office on January 20 - inauguration day.

As he arrives at the White House in a parade, Trump will be finished packing and be looking toward his future. But what options does he have?

What have other former Presidents done?

"There is nothing more pathetic in life than a former president," John Quincy Adams, the sixth US President. 

The majority of former US Presidents have gone on to live quiet lives after leaving the White House, but some also picked up interesting hobbies.

According to Business Insider, George Washington started a distillery while George HW Bush made a habit of marking major age milestones by leaping out of aeroplanes. His son George W Bush started painting portraits of world leaders, dogs, and himself.

Other leaders have gone on to pursue political and charitable careers including John Quincy Adams who served nine terms in Congress after his presidency and Jimmy Carter who created the Carter Center, a nonprofit aiming to advance human rights globally.

The most recent former President Barack Obama has gone on to make high-paid speaking engagements, including addresses to Wall Street financial firms.

Barack Obama speaks during an event.
Barack Obama speaks during an event. Photo credit: Getty

But Tim Calkins, professor of marketing at Northwestern University's Kellogg School of Management, told BBC News he doesn't think Trump will follow in the footsteps of his predecessors.

"Donald Trump has broken many norms as president," he said.

"There's no reason to think that Donald Trump will act like any former President that we've ever seen."

Return to the family business?

Donald Trump took over the family business The Trump Organization from his father Fred Trump in 1971 and changed the company's direction to focus on bigger projects including hotels, resorts, residential and commercial building, and golf courses.

These included transforming the Grand Hyatt and constructing the family's most famous property, the 68-storey Trump Tower on Fifth Avenue.

The 58-floor skyscraper at Fifth Avenue in Midtown Manhattan hosts the headquarters for Trump Organization and houses the penthouse condominium residence of US President Donald Trump.
The 58-floor skyscraper at Fifth Avenue in Midtown Manhattan hosts the headquarters for Trump Organization and houses the penthouse condominium residence of US President Donald Trump. Photo credit: Getty

When Trump became President in 2016 he handed over the business to sons Eric and Donald Jr but after finishing his term he may return to the world of business.

If he does, he'll be managing ventures which have been impacted by the COVID-19 pandemic, with Forbes reporting his wealth could have taken as much as a $1bn hit. 

Retirement?

One option for Donald Trump after he leaves the White House could be to retire, spending his days involved in philanthropic pursuits, boosting his bank balance on the speakers' circuit and planning his presidential library.

The 74-year-old could relax and play golf at his Mar-a-Lago resort in Palm Beach, Florida.

Donald Trump plays a round of golf after the opening of The Trump International Golf Links Course on July 10, 2012 in Balmedie, Scotland.
Donald Trump plays a round of golf after the opening of The Trump International Golf Links Course on July 10, 2012 in Balmedie, Scotland. Photo credit: Getty

But Professor Calkins doesn't see Trump settling into a quiet life considering he has spent much of his time in the spotlight. 

"Donald Trump as a personality is not likely to fade away and I think we're going to continue to see the Trump brand in the world," he said.

Book deals?

Many former Presidents have gone on to secure lucrative book deals in which they reveal the reasons for their presidential decisions and give insights into their personal lives.

George W Bush published his memoir Decision Points in 2010 while Barack Obama and his wife Michelle received a joint $65 million advance for their respective memoirs which were published in 2020 and 2018 respectively.

Donald Trump signs his book "The art of the deal".
Donald Trump signs his book "The art of the deal". Photo credit: Getty

In 1987 Trump published his part-memoir, part business-advice book Trump: The Art of the Deal but he could pen another covering his life in the 30 years since.

There have also been reports lately that First Lady Melania Trump is considering releasing her own tell-all book.

Television empire?

Donald Trump has reportedly been considering starting a new television channel or social media company to compete in an industry he had a contentious relationship with as President.

It comes after his relationship with previous media ally Fox News has recently deteriorated, following the company's early call of Arizona for Biden in the 2020 election which left Trump outraged, according to a report by The Washington Post.

 A view of an American conservative cable television news channel Fox News logo
A view of an American conservative cable television news channel Fox News logo Photo credit: Getty

Mike Allen of Axios reported that sources say Trump "wants to start a digital media company to clobber Fox News and undermine the conservative-friendly network".

But Christopher Ruddy, the CEO of conservative TV news outlet Newsmax, said launching a rival news channel or streaming service would be difficult.

"I'm not sure the people around him appreciate the challenge that might involve," Ruddy said.

"The President is an incredible draw. He has a huge fan base unlike any other political figure in American history."

Stand for re-election in 2024?

Life after the White House might be too hard for Trump to accustom too, and he just might spend the next four years trying to find his way back.

Currently, US presidents can only serve two terms, but they don't have to be consecutive.

Grover Cleveland is the only President to leave the White House and return four years later, taking on the top job in 1885 and then again in 1893.

Trump hasn't ruled out a bid for 2024 and there are reports he may launch his next campaign during the week, or day, of Biden's inauguration in January.

"I would absolutely put him on the shortlist of people who are likely to run in 2024," former chief of staff Mick Mulvaney recently said, according to BBC.