Trump Lost $1.1 Billion While in His Presidency, Obama Made Millions
What the media portrayed Trump as was the complete opposite
The establishment media has always tried to paint Donald Trump as using his presidency to expand his wealth and power, but the opposite is true.
Forbes reported that Trump lost $1.1 billion after being elected president, which in effect caused him to fall 300 places from his original spot in billionaire rankings.
“From the time he entered the White House in January 2017 to his departure a few months ago, Donald Trump’s fortune fell by nearly a third, from $3.5 billion to $2.4 billion,” Forbes reporter Dan Alexander wrote.
1/10 Four years ago we knew Trump’s refusal to divest would have political consequences. Now we know it had big financial consequences as well.— Dan Alexander (@DanAlexander21) April 6, 2021
In fact, the decision to retain his assets cost Trump an estimated $1.6 billion. Let’s break down the math. https://t.co/hGfzgkcPSX
“The S&P 500, meanwhile, increased 70%.”
Alexander wrote that if Trump sold his properties in one, he “would have ended his presidency an estimated $1.6 billion richer than he is today.”
The reporter wrote, “If he [Trump] had just listened to the ethics experts, his presidency would have been cleaner, and his fortune would now be much bigger.”
Trump also refused to take a salary throughout his entire presidency and donated his $400,000 annual pay to federal departments.
It is clear Trump sacrificed his billionaire lifestyle for the sake of saving America, but the same cannot be said for Obama.
In fact, Obama actually profited from his office.
The Obamas are now worth more than 30 times their net worth than when they entered the White House, Business Insider reported.
The former president’s current net worth is now $40 million.
Obama also made $20 million among his presidential salary between 2005 and the last year of his presidency.
It is no wonder nothing changed under Obama, apart from his bank balance.
Three-fourths of Obama’s $20 million came from book deals alone, according to a 2017 Forbes article.
Obama raked in $7 million from “Dreams from My Father” and almost $9 million from “The Audacity of Hope” and “Of Thee I Sing: A Letter to My Daughters” combined.
This totaled $15.6 million Obama made as an author.
In contrast to Trump, Obama focused more on writing books for profit than he did on the country’s issues.
So Trump worked to save America, and Obama worked to make himself richer.
Trump's actions demonstrate the truth behind his character, the complete opposite of what the media portrayed him to be.