Former President Donald Trump has reportedly lost $2 billion while he served as president which cut his net worth almost in half.
As of Feb. 4, 2021, Forbes estimated that Trump’s net worth is around $2.5 billion. When he announced his candidacy for president in 2015, his net worth was roughly $4.5 billion which placed him at the no. 121 spot of the wealthiest Americans.
More specifically, Forbes has stated that Trump’s net worth declined significantly in 2020 as the coronavirus pandemic severely harmed several of Trump’s largest assets.
This comes as several organizations and businesses have decided to cut ties with Trump throughout the duration of his presidency which only increased after the Capitol riots on Jan. 6.
Furthermore, the Trump Organization as a whole has declined in revenue by 38% in 2020 making the entire organization worth around $278 million, according to Forbes.
The Washington Examiner notes that the only Trump affiliated entity that saw an increase in value is his Mar-a-Lago luxury resort located in Florida. Mar-a-Lago had a 13% increase in income in 2020 totaling $24.2 million according to the financial disclosure form that was filed. In the years prior to his presidency, though, Mar-a-Lago generated more than $30 million annually.
Trump also did not gain any income through the presidential salary alone as he donated the $400,000 each quarter.