Posted on 04/07/2021 6:19:32 PM PDT by RandFan
Former President Trump fell nearly 300 spots on the Forbes billionaires list after his fortune decreased by more than $1 billion during his four years in office.
Trump ranked 1,299 on the Forbes billionaires list, released on Tuesday, with an estimated worth of $2.4 billion.
Last year, Trump ranked 1,001 on the list.
Forbes reported that Trump’s estimated net worth in January 2017, when he entered office, was $3.5 billion.
Forbes noted, however, that Trump is richer now than he was a year ago, when the outlet released their valuations at the beginning of the pandemic. His ranking slipped, Forbes wrote, because he could not keep pace with the other billionaires on the list who saw their fortunes rise.
Trump brushed off the results as unsurprising, saying in a statement to The Hill, “That’s the way it’s supposed to be, a politician is not supposed to make money while in office, and a rich person should come out of office with less."
“That’s why people like me, because I am honest. Unlike most politicians, I didn’t run for office to get rich, I gave up billions of dollars to help save our country. I did a great job for the people on the border, the vaccine, our economy, our military, Space Force, the second amendment, and everything else,” Trump continued.
Trump went on to tout his efforts in developing the coronavirus vaccine, saying it will help get the economy reopened, including the travel and hospitality industries.
“I’m fortunate that we have the best properties and very little debt, which is a big difference between us and others. And with my developing the vaccine, we’re now going to get our economy reopened and help the travel and hospitality industries start growing again.”
Bloomberg News reported similar statistics last month, when they found that the former president’s net worth fell from $3 billion to $2.3 billion over the course of his presidency.
Bloomberg noted that the coronavirus pandemic and fallout from the deadly Jan. 6 Capitol attack heavily impacted his business empire.
Several of Trump’s businesses, including hotels, casinos and office spaces, were hurt during the pandemic, when workplaces shuttered and tourism came to a halt because of global travel restrictions.
He didn't need to run for office. He could have just ran his business/empire no doubt successfully but he sacrificed a great deal and put himself and his family through a hell of a lot.
Did he need all the aggravation? Not really.
The tireless and massive daily rallies....
He didn't (doesn't) need to do any of it!
I like this about Trump and hope he continues in public life and help reshape the GOP.
Joe Biden has been handing out billions from the trillions he took this year from the government.
God bless him, I sure miss him.
I figure the China virus accounted for most of Trump’s net worth decline. It was brutal on hospitality interests.
Trump, a very intelligent man, looses a lot while he is president.
Slow Joe, demonstrably one of the least intelligent congress critters ever (a remarkable distincetion, given our congress), manages to become a multi-millionaire (along with his even less intelligent family - to include the Ed D idiotess).
And Trump is somehow dishonest? Immoral?
Long past time for a very special guillotine for the media following the hopefully soon Revolution II. I volunteer to pay to run it.
Democrats and too many Republicans get rich in office.
Trump lost a fortune in office.
President Trump has made more personal sacrifices than any politician since George Washington.
So, President Trump lost $1 billion in his four years in office and people like Pelosi, Biden, Schumer, Obama, the Clintons, et al have all increased their net worth while in government ‘service’. Let that sink in.
My sources tell me he is going to do rallies again SOON.
He is not going away!
He wants revenge in ‘22 against Cheney etc. and then he may run again for president we don’t know.
They will certainly go insane.. I’m looking forward to it
“...a man’s life consists not in the abundance of the things which he possesses.”
Luke 12:15.
The billionaires of this world will have nothing at the instant of their death. Few seem to consider that.
Americans better WISE UP/
Key swamp demons were making fortunes when they allowed US companies in a number of industries including pharma, computer; and electrical as well metal fabrication components even bicycles relocate their factories in China . To the point where China was our sole supplier.
Shipped here by rats and rinos who owned the boats like McConnell and Finestein.
The money the CCP has now comes from US .If we play our Chinese checkers right we can really turn things around for the better not only here but in China as well.Check out this recent posting in Free Republic.com which the MSM and social venues will spike; http://www.freerepublic.com/focus/f-chat/3890312/posts. will be stopped by Biden and hailed by Walmart http://www.freerepublic.com/focus/f-bloggers/3920123/posts
Biden took nothing from the government. The government earns no money, it confiscate it from private persons. Ergo, Biden has been handing out billions from we, the people.
Forbes is over rated. If he can start a platform to rival Fakebook, youtube and twitter, he’ll be the richest!
Rush had a great essay on the huge losses suffered by our Founders.
Trump served in the same spirit.
“He wants revenge”
Bah, media on both sides overplay that.
Sure, his best “revenge” would be a Republican House.
Which, not incidentally in my view- though apparently everyone else thinks so LOL!, would also be a great thing for his nation!
I get the feeling he is going after those GOPers in the House and Senate who voted to impeach him or didn’t stand with him. Don Jnr has confirmed this...
Cheney definitely top of this list
Cheney may be a special case- with her deep-pocket RINO backers...
But that these voted, egregiously, against Trump may not be as important, to Trump, as that they are bad for the country.
Obviously the views overlap.
Media on both sides ignore that and go for the “personal revenge” angle.
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