According to the Russian satellite news agency reported on the 16th, in 2016, the billionaire trump was elected president of the United States, but in his four-year term, he fell 183 to 339 on the Forbes 400 list.
Trump’s net assets are expected to plummet from $4.5 billion in 2016 to $3.5 billion in 2016. In 2016 alone, he spent about $66 million in personal funds to support his presidential campaign and raised a total of $368 million.
However, it may not be because of the presidency that the billionaire’s fortune has shrunk, because many of the things trump has done in the past four years have been paid for by American taxpayers. For example, transportation costs are about $350 million a year, and it is estimated that an additional $41 million will be needed to maintain adequate security in the White House and Trump’s private residences (such as sea lake manor).
According to Forbes magazine, Trump’s wealth shrank the most in 2017 and 2020. While the fortune of the billionaire in New York City fell from $3.7 billion to $3.7 billion at the end of 2016, and pointed out that trump owned a large amount of wealth in the two areas from the end of 2016 to the end of 2016.
Trump’s wealth fell sharply for the second time in 2020, to $2.5 billion today. But unlike in 2016, trump did not use any personal savings in his 2020 campaign, but raised $557 million. The magazine points out that the new coronavirus pandemic is the main reason for Trump’s wealth to shrink in 2020. Trump’s main source of wealth is his many hotels, office buildings and golf courses, which have suffered huge losses with the implementation of the epidemic blockade, people working at home and some enterprises closing under the pressure of the epidemic.
According to Forbes, the only asset trump will appreciate in 2020 is the trump world building. His other assets are deficits of varying degrees, leading to a sharp decline in the president’s wealth, which is also reported to be carrying millions of dollars in debt. Earlier, several U.S. media reported that trump had accumulated $400 million to $1 billion in overseas debt in recent years. Trump himself refuted the reports, calling them “false news.”.