Wasn’t Donald Trump accused of running for president to make a profit?
Instead, it appears to have cost him. A lot. Hanging on to his assets after becoming president instead of just putting them in a fund cost him $2 billion.
What is clear is that Trump, by taking strong stands, ensured that political views inform decisions about whether to stay at his properties. If he wanted to just make money, he would have tried to please everybody, not just some people.
According to The Hill:
Trump’s fortune dropped to $2.5 bill, according to the Forbes 400 on Tuesday, which is $400 million short of the cutoff needed to make the list.
This is the first time in 25 years Trump has not been on Forbes 400, with him on the top half of the list from 1997 to 2016 until he became president.
Forbes said Trump could have been worth around $7 billion by September 2021 in an alternative scenario but his financial decisions took him down a different path.
One decision Forbes said cost Trump $2 billion was hanging on to his assets when he took office in 2017. If he would have put the money in an index tracking fund, he could have earned $4.5 billion by 2021.