FYI: Trump Is Losing MILLIONS
Kyle Kashuv Just OWNED Alex Jones – And I’m All For It
May 31, 2018President Trump Slaps Tariffs On Steel And Aluminum Imports From EU, Canada And Mexico
May 31, 2018Liberals loooooove acting like Donald Trump’s Presidency is a cash grab for him.
Uh. No.
President Trump is losing MILLIONS for being President.
FOR us.
To Make America Great Again.
President Donald Trump’s net worth has fallen since his presidential campaign, indicating his office isn’t serving to enrich the billionaire personally.
Trump’s net worth dipped to $2.8 billion, down from $2.9 billion in 2017, according to a Bloomberg estimate of the president’s May 16 financial disclosures. That’s the lowest Bloomberg has seen the former real estate mogul’s wealth since 2015.
Interestingly, the DC Trump Hotel has seen a boost:
While the $100 million decline in net worth indicates Trump isn’t getting rich of his presidency, that doesn’t mean his status as leader of the free world isn’t serving certain parts of his real estate empire.
The Trump International Hotel that occupies the old post office building in Washington, D.C., attracts big-spending world leaders and foreign delegations, as well as conferences and event rentals.
Though many of his other properties have taken a major hit:
The Trump Hotel is also one of the few Trump enterprises that has been profitable in the past few years. The Trump Organization’s real estate holdings around the world took a hit over the past few years, but those losses were offset by increased valuations at the Trump Hotel and elsewhere. The hotel, for instance, jumped $30 million to be valued at $100 after posting $40 million in profits.
Other Trump properties, like his Fifth Avenue high-rise and golf courses, lost revenue in the past few years. The 16 golf courses lost value of around $70 million, but the Ireland and Scotland properties gained value. Notably, the Doral, Palm Beach and Mar-a-Lago resorts in Florida — which the press refers to as Trump’s Winter White House — lost revenue.
I’m not surprised. Think of all the former clients who now suffer from acute Trump Derangement Syndrome.
Obviously, they’ve pulled their cash.
But even still, President Trump continues to donate his salary:
Trump famously donates his presidential pay to the U.S. government, with his most recent $100,000 quarterly salary going to the Department of Veterans Affairs.
So no, it’s NOT about the money.
Not even close.
