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As I understand it, Trump’s net worth has taken a big drop during his presidency https://www.nbcnews.com/business/business-news/trump-has-lost-1-billion-persona
by throwawaysea 6y ago
As I understand it, Trump’s net worth has taken a big drop during his presidency https://www.nbcnews.com/business/business-news/trump-has-lost-1-billion-personal-wealth-running-president-n916221 https://www.nbcnews.com/business/business-news/trump-has-los...
While this doesn’t mean there hasn’t been any wrongdoing, I think it does weaken the narrative that he’s exploiting his position for personal gain.
- bingdig 6y agoFair point, although the losses seem to be from the huge repetitional harm he's taken. He still may be trying to leverage the presidency to do what he can to improve his finances.
- jdikatz 6y agoMy understanding is that most of his decline in net worth is due to problems with branding and security at his hotels / resorts -- i.e. problems with his non-publicly traded assets. In my mind, this would, if anything, create additional incentives for him to move public markets for his financial benefit to recover some of the money he's lost elsewhere.