According to Forbes magazine, President Donald Trump has lost $1.4 billion of his personal wealth due to lost business opportunities and other reasons while serving as our president.
“Donald Trump is not getting richer off the presidency,” the magazine reported. “Just the opposite. His net worth, by our calculation, has dropped from $4.5 billion in 2015 to $3.1 billion the last two years, knocking the president 138 spots lower on the Forbes 400.”
That would be on top of the $66 million of his own money that he donated to his 2016 campaign.
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Don Surber noted that Trump’s so, Eric, has noted how his father has sacrificed to be president:
Eric Trump told Forbes: “My father made a tremendous sacrifice when he left a company that he spent his entire life building to go into politics.
“Everything he does is for the good of the American people — he has zero involvement in the Trump Organization and quite frankly to suggest otherwise is outrageous.”
Donald John Trump did not seek high office for power or money. He sought the office to Make America Great Again after 28 years of a White House run by the modern equivalents of Millard Fillmore, Franklin Pierce, and James Buchanan.
Surber also made a good point about the past two Democrat presidents:
The past two Democratic presidents made out like bandits accumulating post-presidential net worths of $40 million or more, which was about $40 million more than they were worth when they entered the White House.
Exactly right. Both the Clintons and the Obamas entered the White House as comfortably rich people only to emerge as near billionaires. How that happened the media seems wholly uninterested in sussing out.
But the facts are clear. PresidentDonald Trump became president to the obvious detriment of his personal wealth.
Follow Warner Todd Huston on Twitter @warnerthuston.
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