Posted on 04/12/2021 5:47:45 AM PDT by Eleutheria5
From the time he entered the White House in January 2017 to his departure a few months ago, Donald Trump’s fortune fell by nearly a third, from $3.5 billion to $2.4 billion. The S&P 500, meanwhile, increased 70%.
Every investor at some point has kicked himself for holding an asset too long. Perhaps none, however, has made such a monumental miscalculation. By refusing to divest his portfolio upon taking office, Trump bogged down his presidency with ethics issues for years, while also missing a chance to cash in on a market boom he helped propel.
If he had sold everything on Day 1, paid the maximum capital-gains taxes on the sales, then put the proceeds into a conflict-free fund tracking the S&P 500, Trump would have ended his presidency an estimated $1.6 billion richer than he is today.
As is, he is worth an estimated $2.4 billion, enough to qualify for No. 1,299 on the Forbes billionaires list, down from No. 1,001 last year. Trump is actually richer than he was a year ago, when we knocked valuations down at the start of the pandemic, but he couldn’t keep up with the other billionaires on the list, whose fortunes soared.
Below are the four Trump properties that gained the most and the two that lost the most while he was in office.
.....
(Excerpt) Read more at forbes.com ...
But what this piece does reveal is that Trump did not get into politics in the hopes of exploiting his power to enrich himself, as the leftards baldly have asserted from day one. Which makes it even more likely that he did it out of love for the country.
Watching the no-account, feckless performance of the Biden Administration, bag man Hunter, and the Democrat Congress and Senate so far, it is very hard not to love POTUSDJT back, if for no other reason than for his selflessness.
Republicans get rich and then go into public service - democrats go into public office to become rich - and it works.
How much has been turned over to his children??...Or what is their monetary assets NOW.
What spot do you occupy in the rank of billionaires?
Sure, but just think of the spots he’s risen in the Humanity ranks.
So, Forbes, Trump put America first for 4 years even though it caused his personal fortune to tumble? Sounds to me just like what the Founding Fathers did. This article was attempted hit piece but shows Trump’s personal sacrifice for his country.
Forbes does not offer sound investment advice.
President Trump loves his country more than he loves money.
I didn’t know that before he got elected. I do now.
I like it.
So an actual personal sacrifice to serve his country. Everyone who was fair minded knew this from day 1. Contrast with Obama, how much money did he lose since running for office? Trump is unique in the modern world. He did it for the right reasons which is why his Presidency stands alone in his efforts to put America and Americans first.
BLACKLIST: Forbes Magazine Threatens Companies That Hire Trump Officials
NewsBusters ^ | 1/11/2020 | Joseph Vazquez
https://freerepublic.com/focus/f-bloggers/3924102/posts
Forbes Says It’s Targeting Trump Staffers And Their Future Employers
Newsmax ^ | 1-10-2021 | Michael Dorstewitz
https://freerepublic.com/focus/f-news/3923722/posts
THEY WANT BLOOD: Forbes Chief Content Officer Warns Companies Against Hiring Kayleigh McEnany and Other Prominent Trump Officials
The Gateway Pundit ^ | January 9, 2021 | Jim Hoft
https://freerepublic.com/focus/f-bloggers/3923491/posts
Forbes goes insane with ‘19 college grad’s piece “The Hunter Biden Scoops,” dismissing any malfeasance whatsoever.
Forbes ^ | 10/22/20 | Joe Walsh
https://freerepublic.com/focus/f-news/3911627/posts
He’s still got plenty of the latter, and he didn’t have to go through any of this. This man is a patriot.
Forbes is now majority owned by communist China. This gloating article only proved he’s a good man.
All of it was entrusted to his children, and it’s worth 33% less now than previously.
I won’t even watch a martial arts movie produced in China anymore. And I loves me a good martial arts movie.
God Bless President Trump
Yes it appears did not use his position in government to enhance his wealth as he was accused of. Now lets look at the personal net worth of everyone in government from what they were worth when they entered government to now.
You will not see the MSM asking for this investigation!
Reproducing my #10 from that thread, just posted there.
Forbes also mistakes a drop in the value of a real estate asset with actual losses. As long as the cash flow remains the same, and he doesn’t sell anything, it doesn’t matter what the value of a building is. He can still depreciate its remaining basis, and deduct interest payments, same as before.
/bingo
Effective ROE or yield remains the same. Y’know, until someone decides that it’s just not fair because social justice.
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