by Frank Holmes, reporter
The Senate trial got underway today, as Democrats tried to impeach a man who isn’t president anymore. The goal is to stop him from running for office again in 2024.
But serving as president of the United States has already cost Donald Trump plenty.
Trump lost about half his wealth while serving as president.
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When Forbes magazine releases its annual list of the richest people in the world, Trump is always on the list…but his position has been slipping since he took the oath of office.
Donald Trump has lost an estimated $2 billion during his presidency—about that’s about half of his total wealth.
He’s still living the life of luxury: He’s worth $2.5 billion, according to an analysis from Fox Business.
But he had a hefty $4.5 billion when he descended the golden escalator in 2015 to announce he would seek the Republican nomination for president of the United States.
Forbes ranked Trump as 121 on its list of wealthiest Americans on inauguration day. Last year, he was 352—and falling.
To start with, he donated his $400,000-a-year salary as president to charity, including regular donations to veterans groups. So, for four years, he had no earned income.
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His golf courses and lavish resorts couldn’t do the same business they did before he was president. They had to install security features, metal detectors, and—if the president or his family actually visited the grounds—the Secret Service brought everyone’s life to a halt.
As a result, the Trump Organization saw its overall revenue fall by 38 percent last year alone.
“Remember how liberals always tried to say that the only reason Trump was pushing the policies he developed was to help his own businesses?” asked the conservative website TeaParty.org. “Well, it seems that losing $2 billion would be a weird way to improve your bottom line, don’t you think?”
But a big part of this was liberals trying to destroy him and his family for following through on his America First agenda.
Leftists declared war on his private businesses. Liberals boycotted Trump ties, whiskey, or anything else with his name on it—and blamed him for the loss. In his first two years in office, sales fell from $23 million to $3 million.
“He has significantly tarnished the brand,” said one financial observer, blaming the victim.
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Woke capitalists also tried to kick Trump out of the global banking system by refusing to do business with him. Two of his top financial institutions—Deutsche Bank and Signature—not only stopped lending but shut down his saving accounts.
They want to deny Trump the ability to even store his money with them—all because they hate his politics.
And the Left is salivating over the thought of their buddies in government stealing even more of Trump’s wealth.
The latest Russian collusion hoax claims that Donald Trump paid for his hotels and golf courses in Scotland with money from—wait for it—Russia.
Liberals demand Trump give up his financial secrets, or they’ll accuse him of “money laundering” and impound all his property.
“If the owner of the property can’t disclose the financing, there is a mechanism for those properties to be seized,” Scottish reporter Martyn McLaughlin told PBS.
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The U.S. reporter, Paul Solman, lit up at the idea of Trump losing money. “If his properties were seized, he’d obviously have fewer assets with which to raise cash,” Solman said, stating the obvious.
Sorry to bust their bubble, but Trump managed his money so well that he’s still in good financial shape, even with the financial assault on his family and working for four years without a salary.
“Well, the thing is, is that Trump, his overall portfolio, is actually solvent,” said Dan Alexander, a reporter for Forbes magazine. “He’s got really valuable assets. He does have some cash that he could use.”
Of course, they’re ignoring real campaign finance scandals. Like the fact that Rep. Maxine Waters has given her own daughter more than $1 million dollars over the years in a shady, pay-to-play campaign scandal.
Or the way Rep. Alexandria Ocasio-Cortez watched while Brand New Congress funneled her campaign money to her boyfriend, Riley Roberts.
Or that Rep. Ilhan Omar steering $2.8 million to a campaign firm run by her latest husband, Tim Mynett.
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Or the fact that Rep. Adam Kinzinger—the Illinois Republican who voted to impeach Trump—more than doubled his net worth during his first two years in office.
Or the fact that Nancy Pelosi was worth $35 million in 2010—but she’s worth $114 million today.
No wonder they hate Trump. He served selflessly, refused to join the D.C. Swamp in its nonstop grifting, did what the American people wanted and—so far—has kept his finances in order.
Puts his presidency—and every other politician’s career—in a new light, doesn’t it?
Frank Holmes is a veteran journalist and an outspoken conservative that talks about the news that was in his weekly article, “On The Holmes Front.”