Former Guy Plummets 300 Slots On Forbes Richest List

Forbes reports:

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. The S&P 500, meanwhile, increased 70%. By refusing to divest his portfolio upon taking office, Trump bogged down his presidency with ethics issues for years, while also missing a chance to cash in on a market boom he helped propel.

If he had sold everything on Day 1, paid the maximum capital-gains taxes on the sales, then put the proceeds into a conflict-free fund tracking the S&P 500, Trump would have ended his presidency an estimated $1.6 billion richer than he is today. As is, he is worth an estimated $2.4 billion, enough to qualify for No. 1,299 on the Forbes billionaires list, down from No. 1,001 last year.

Read the full article.