Leftist media outlets attempted to paint former President Donald Trump as an evil, greedy menace in years past, according to The Western Journal.
Forbes reported that the former president actually lost $1.1 billion after his presidency, causing him to fall almost 300 places from his original spot in billionaire rankings.
1/10 Four years ago we knew Trump’s refusal to divest would have political consequences. Now we know it had big financial consequences as well.
In fact, the decision to retain his assets cost Trump an estimated $1.6 billion. Let’s break down the math. https://t.co/hGfzgkcPSX
— Dan Alexander (@DanAlexander21) April 6, 2021
“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,” Forbes reporter Dan Alexander wrote. “The S&P 500, meanwhile, increased 70%.”
Alexander tweeted, “If he had just listened to the ethics experts, his presidency would have been cleaner and his fortune would now be much bigger.”
9/10 Obviously there are different scenarios you could run. What if he hadn’t had to pay capital gains tax? What if he had invested more in bonds than stocks? And so on. It’s hard to pin down an exact number on a hypothetical. But $1.6B seems like a fair, conservative estimate.
— Dan Alexander (@DanAlexander21) April 6, 2021
It should also be noted that Trump refused to take a salary throughout his entire presidency, donating his $400,000 annual pay to various federal departments.
Trump sacrificed opportunities to improve his portfolio for the sake of the country, the same cannot be said for former President Barack Obama.
Obama actually profited from his office.
The Obamas are worth more than 30 times their net worth entering the White House.
Obama’s current net worth is a whopping $40 million. Between 2005 and the last year of his presidency, Obama made $20 million among his presidential salary, book deals and other financial endeavors.
Sources say that Obama focused more on writing books for profit than he did on the country’s issues.
From The Western Journal:
By contrast, Trump spent his time in office working to secure the southern border, protect the sanctity of life, stimulate the economy and lay the foundations for millions of Americans to be vaccinated in the coming months.
Trump worked for the country, while Obama worked for himself and for the woke agenda.
Forbes bashes the former president for not cashing in on his market boom. However, it seems as though Trump’s actions truly demonstrate his character.
While the establishment media continually battered the former president for being “greedy” and motivated by wealth, this report proves otherwise.
The post Report Reveals That Barack Obama Benefited From His Presidency By Profiting Millions, Former President Trump Lost $1.1 Billion appeared first on Chicks On The Right.
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