We all knew the presidency was going to cost Donald Trump, but I doubt anyone expected it to hit him this hard.
Forbes has released its latest billionaires list and Trump plummeted 298 spots.
This comes after Trump reportedly lost more than $1 billion over the course of his presidency.
The reason this happened was twofold for Trump.
First, there was an assault by Democrats and liberals against his business interests.
Second, most of the businesses are hospitality-related, so the pandemic would have hit him very hard as well.
The result is that Trump saw a huge net loss over the last four years.
Nobody should feel sorry for Trump, however, as he already sounds like his businesses are on the road to recovery.
Besides, Trump himself is upbeat and says that is actually what is supposed to happen when you take office.
Trump stated, “That’s the way it’s supposed to be, a politician is not supposed to make money while in office, and a rich person should come out of office with less.”
“That’s why people like me, because I am honest. Unlike most politicians, I didn’t run for office to get rich, I gave up billions of dollars to help save our country.
“I did a great job for the people on the border, the vaccine, our economy, our military, Space Force, the second amendment, and everything else.”
Trump continued, “I’m fortunate that we have the best properties and very little debt, which is a big difference between us and others.
“And with my developing the vaccine, we’re now going to get our economy reopened and help the travel and hospitality industries start growing again.”
Source: The Hill