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.
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If Donald Trump had done the right thing, and divested from his businesses, Forbes reports that he could have been $1.6 billion richer.
That would have saved us a bunch of time tracking his 3,700 conflicts of interest, too.https://t.co/K6iRjDZbdF
— Citizens for Ethics (@CREWcrew) April 6, 2021