An expensive presidential post. According to the latest update of the code Bloomberg Millionaires, In the rankings of the world’s greatest fortune, Donald Trump would have lost $ 700 million to $ 2.3 billion in four years. The decline in wealth is often exacerbated by the corona virus crisis.
In fact, due to the epidemic, the majority of the Trump Empire’s office buildings, branded hotels and other resorts have lost revenue and value. The same goes for Republican millionaire planes and golf courses. According to various documents analyzed Bloomberg Millionaires From May 2016 to January 2021, the former president’s estimate of major real estate and commercial assets fell 26%.
The financial situation of a former White House resident may worsen. For months, he has been prosecuted for possible tax fraud. Although the investigation could be expedited soon, an indictment could indicate a further financial blow. In addition to imprisonment, the prosecution may actually ask for exemplary fines.
To counter this decline in wealth, Donald Trump has several alternatives. As a former president, he could sign lucrative media deals or publish his memoirs. By comparison, Barack and Michael Obama are said to have received about $ 65 million this fiscal year. Following his defeat, various American media echoed that the Republican Party could create a news channel or a social media platform with its 74 million voters in the 2020 election.