Donald Trump was 'poorer' when he became President of the United States.
(Baonghean.vn) - President Donald Trump's time in the White House did not enrich the billionaire president. A recent ranking of billionaires published by Forbes magazine even suggests that becoming President of the United States reduced Trump's net worth.
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| US President Donald Trump currently has a net worth of $3.12 billion. Photo: AP |
President Trump's net worth remained virtually unchanged from 2017 to 2018 at $3.12 billion. He is currently ranked 259th among American billionaires, a drop of 11 places from 2017 (in 2017, he was ranked 248th).
Analysts say Trump's net worth has decreased by one-third compared to 2015 ($4.5 billion). According to Forbes, this decline is a result of spending on Trump's election campaigns as well as a downturn in the New York real estate market, especially in the high-end housing market.
It is known that Trump previously became a billionaire through real estate investments. Specifically, he invested in the construction of numerous high-rise buildings in Manhattan, all bearing his name.
Prior to his inauguration, Trump's lawyers pledged no overseas franchise deals during his presidency. This move diminished the company's business growth potential.
Forbes estimates that if Trump chose to sell his shares and put them into a trust, his current net worth would increase by more than $500 million. Of course, although his net worth has decreased since taking office, Trump remains the only US President who is a billionaire.
