Donald Trump wants the world to know he did not seek the presidency in order to become richer. In fact, “this thing” has cost him billions!
At a rally in Pennsylvania a few weeks ago, and again at this week’s G7 summit in France, Trump made the claim he has lost “3 to 5 billion” being president.
Chase Peterson-Withorn of Forbes writes:
“Trump is not losing $3 billion to $5 billion. His income isn’t anywhere near $3 billion. And his net worth has not dropped by $3 billion since he went into politics—let alone $5 billion, which is more than he’s ever been worth. Forbes pegged Trump’s fortune at $4.5 billion in 2015. Today we estimate it to be $3.1 billion, a drop of $1.4 billion.”
Forbes attributes the drop in Trump’s fortune mostly to market forces. “The presidency, we found, accounts for only about $200 million of the $1.4 billion drop in Trump’s net worth,” says Peterson-Withorn.
In a normal world, a person wanting others to believe he is taking that kind of financial hit would only have to show his tax returns to prove his point.
But, of course, that will never happen with 45. Instead we’ll all shrug our shoulders and chalk this up as just another one of Trump’s many whoppers.
Photo | deadline.com
Such a martyr. Maybe we should run a charity outing on his behalf, the lying grifter conman fraud that he is
But he’s somewhat right. His presidency is costing a fortune … to us and the world.
Probably Trump is making too large a financial sacrifice and shouldn’t run for another term.