Everything indicates that four years as president of the United States was not the best economic decision for Donald Trump on a personal level, after it was revealed that fell nearly 300 places on the rankings of the richest men from the world of the magazine Forbes
That famous Republican magnate, who once got a reality show where he promoted his business vision to the participants, currently occupies the number one thousand 299 among billionaires, after last year it was at 1,001 in the rankings.
According to the magazine specializing in business, from January 2017 to 2021, when he held the position of president of the United States, the fortune of Trump fell from $ 3.5 billion to $ 2.4 billion
The comparison is no less, because while Trump’s companies reported a decline, the stock index Standard & Poor’s 500 (S&P 500) reported an increase of 70 percent.
In their analysis, the US media believed that if Trump had sold everything from day one of his presidential term, after paying maximum taxes for capital gains, and if the funds obtained were subsequently invested in stocks, the Republican would now have $ 1.6 billion more which he currently owns.
In just one year, Trump had a drastic drop off the list, and while he’s richer than in the previous period, couldn’t keep up with other billionaires they rose quickly.
To take into account, two landmark Trump buildings in New York suffered drastic decline during his presidency in the United States, with one reported at $ -217 million and the other at $ -195 million. The situation wasn’t very far off in his business dedicated to managing hotels and licenses, as well as his golf course in Miami, Florida.
The only companies or areas where Trump has seen a rise, it said ForbesThey were his participation in the complex of three buildings in San Francisco, California, and his residence at Mar-a-Lago, in Palm Beach, Florida.