Politicians hold themselves out as lowly public servants yet leave office more wealthy. However, one great man sacrificed his wealth to serve America and paid dearly in many ways: former President Donald Trump.
Trump lost as much as $1.1 billion dollars of his wealth while serving his country as Commander in Chief, the Daily Caller reported. Still, Trump said he would do it again “in an instant.”
Forbes was on the highest end of the estimates. According to the publication, the former president lost one-third of his wealth and would have been better off selling off his investments and funneling it all into a “conflict-free fund tracking the S&P 500” at the beginning of his term, even with the highest capital gains tax considerations.
Two of the major losses come from New York City properties, which may partly be explained by the disaster that is New York Democratic Mayor Bill de Blasio. Trump lost over $400 million on those properties alone.
In 2019, Trump had said he was between $2 billion and $5 billion poorer after taking office. Combining the amount Forbes estimated he lost with what earnings the publication also figured he missed out on, it seems Trump was in the ballpark.
Bloomberg more conservatively egged his losses at $700 million. The publication found that he suffered most from lost licensing deals with his name now sullied thanks to the media onslaught against him. He’s also experienced a devaluing of his non-commercial properties.
Aside from the made-up faults the media has used to club Trump, it’s fair to say he has a habit of self-aggrandizing. However, that is even questionable considering how he humbled himself and his fortune in order to serve his country. “If I had it to do it again I would do it in an instant, because who cares, if you can afford it, what difference does it make?” he told Reuters.
Trump was a great leader who served this nation well, especially in light of the disaster his successor is predictably turning out to be. Trump may have lost money while in office, but it was surely worth it to the people who knew their president was worth his weight in gold.