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.

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