Donald Trump: His wealth is dwindling – and the prosecutors are...

In at least one way, Donald should be happy that his time in the White House is coming to an end. The ex-real estate mogul has always maintained that the presidency is financially a loss for him. He had waived a salary for the leadership of the nation, and the ethical rules had hindered the marketing of his empire: “This thing costs me a fortune,” he lamented in 2019 and put the damage at “between three and five billion dollars.” Forbes magazine rated this as “absurd”. After all, Trump only had a fortune of $ 3.1 billion at the time, according to the magazine’s estimate.

What is true, however: The 45th US President is likely to leave the West Wing much poorer than he was when he moved in. In the current “Forbes” list of the richest Americans, he only has a net worth of $ 2.5 billion, falling back to 339th place. However, it is not his service to the fatherland that is responsible for the dwindling wealth, but the pandemic. Trump’s money is invested precisely where the crisis has destroyed business models: in the hospitality and real estate industries. Hotels are empty, shops are closed, offices are empty. New York is a ghost town, Trump recently complained himself: “It is dying.”

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