Donald Trump had a difficult end to his era as President of the United States and now that he is back in the business world he finds himself with the news that he has a negative balance, since when he came to the White House in 2017, his fortune was $ 3.5 billion and today, a few months after the end of his term is $ 2,400, According to Forbes estimates.
Its capital is still important but in the ranking of millionaires Trump ranked 339th on the list of the 400 richest people in the United States.
And globally its drop in ranking was 298 places, Because last year it was ranked 1001 and this year it dropped to position 1299.
A Forbes analysis notes that the former president refused to dispose of his assets when he took office and that if in 2017 he had sold and then had it invested in the Standard & Poor’s 500 index, it would be $ 1.6 billion richer today.
For the business magazine, investors criticize themselves for staying active for a long time and in Trump’s case, notes he made “monumental miscalculation” not to get rid of his portfolio by taking office as President of the United States.
Forbes believes Trump complicated his presidency with ethical issues for years, in addition to that he missed the opportunity to take advantage of the boom in the real estate market that he himself helped drive.
Donald Trump’s fortune while he was president fell nearly a third, from $ 35 billion to $ 2.4 billion, while the S&P 500 rose 70%.
For Forbes the tycoon’s real estate portfolio is varied because it is made up of towers, hotels, golf resorts and vineyards, but Trump’s refusal to sell his assets in 2017, the polarization he maintained during his administration and the closure of the his government with the assault on the Capitol, they could be hard to beat if he gets to run for the next presidential election.
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