While Obama Made Millions Off The Presidency, New Report Says Trump Lost $1.1 Billion
Donald Trump lost money
Democrats keep accusing Trump of pretty much everything they can imagine. Well, the former President didn’t earn money during his presidency. Unlike Trump, Barack Obama earned A LOT!
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Forbes reported Tuesday that Trump lost $1.1 billion after his time in office. He fell almost 300 places from the original spot in billionaire rankings.
“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,” Forbes reporter Dan Alexander wrote. “The S&P 500, meanwhile, increased 70%.”
Alexander listed Trump’s properties. If Trump had sold then on day one, the former President “would have ended his presidency an estimated $1.6 billion richer than he is today.”
The reporter also criticized Trump for his inability to focus on his personal portfolio. On Tuesday, Alexander tweeted, “If he had just listened to the ethics experts, his presidency would have been cleaner and his fortune would now be much bigger.”
1/10 Four years ago we knew Trump’s refusal to divest would have political consequences. Now we know it had big financial consequences as well.
In fact, the decision to retain his assets cost Trump an estimated $1.6 billion. Let’s break down the math. https://t.co/hGfzgkcPSX
— Dan Alexander (@DanAlexander21) April 6, 2021
10/10 Bottom line: Trump’s refusal to divest was a huge blunder for a man who prides himself on his business acumen. If he had just listened to the ethics experts, his presidency would have been cleaner and his fortune would now be much bigger. https://t.co/R1UGvXJKfy
— Dan Alexander (@DanAlexander21) April 6, 2021
Let’s not forget that President Trump didn’t take a salary in the past four years. He donated his $400,000 annual pay to federal departments. Trump sacrificed his personal gain for America. This doesn’t apply to Obama. He earned money while in office.
A 2018 Business Insider article reveals that the Obamas are worth more than 30 times their original net worth. Obama’s net worth goes at $0 million. Between 2005 and the final year of his time in the Oval Office, Obama earned $20 million.
A 2017 Forbes article reveals that Obama earned three-fourths of those $20 million from his books. The former President earned almost $7 million from “Dreams from My Father” and $9 million from “The Audacity of Hope” and “Of Thee I Sing: A Letter to My Daughters” combined. So, Obama earned $15.6 million in Washington as an author.
Instead of working on the problems our country had at the time, Obama played games and wrote books. His policies were redundant and destructive. People will never forget that.
Trump did things differently. He worked on the southern border, improved the economy, and laid the foundations for millions of US citizens to get their COVID shots.
Forbes criticized Trump for not getting money while in office. Well, Trump’s actions actually reflect his true character.
Who is greedy now?
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Source: The Western Journal
