CNN has officially admitted that President Trump is not profiting off the Presidency like many anti-Trump conspiracy theorists have claimed.
President Donald Trump said in October 2019 that being president is costing him money. Lots of it.
“Whether I lost $2 billion, $5 billion or less, it doesn’t make any difference,” Trump said. “I don’t care. I’m doing this for the country. I’m doing it for the people.”
Well, he definitely cares. And now we know — thanks to the new Forbes 400 list released Tuesday — how much less rich Trump is today than when he ran for and won the presidency in 2016.
In 2016, Trump was worth $3.7 billion, according to Forbes. That dropped to $3.1 billion in 2017 and held there for 2018 and 2019. But this year Trump’s net worth dropped to $2.5 billion. That $600 million decline led Trump to drop from the 275th richest person in America in 2019 to the 352nd richest in 2020 — a drop of 77 spots. (It took a net worth of $2.1 billion to make the top 400.)
Why the dip in Trump’s fortune? The coronavirus pandemic. “The value of office buildings, hotels and resorts have taken a hit amid the pandemic,” reads the Forbes release on Trump’s wealth.
Donald Trump isn’t taking a salary. Donald Trump’s business is losing money every year he is President. Can we please stop claiming he is trying to profit off being President?
The truth is that President Trump gave up a perfect life to save America. He gave up a perfect life to take on some of the most corrupt people in the world. The smears people throw against him are simply disgusting and we now have more evidence that another one isn’t true.
The Palmieri Report is a Pro-America News Outlet founded by Jacob Palmieri two years ago at the age of 19. Since its founding, it has gotten over 2M pages views and over 20k followers. The Palmieri Report is dedicated to giving people the truth so that they can form their own informed political opinions.