Donald Trump had a difficult end to his time as President of the United States and now, when he returns to the business world, he finds out the news that he has a negative balance, since he arrived at the White House in 2017, his fortune was 3,500 million dollars and today, a few months after the end of his term, it is 2,400 dollars, according to Forbes estimates.
Your capital is still important, but in the ranking of millionaires Trump ranked 339th on the list of America’s 400 richest people.
And worldwide, its decline in the ranking was 298 positions, because last year it ranked 1001st and this year it dropped to 1299.
An analysis by Forbes indicates that the former president refused to dispose of his assets when he took office and that if in 2017 he had sold and then If you had invested in the Standard & Poor’s 500 index, you would be $ 1.6 billion richer today.
For the business magazine, investors are criticized for keeping assets too long and In Trump’s case, he notes that he made “a monumental miscalculation.” because he did not abandon his portfolio when he took over as President of the United States.
Forbes believes Trump has complicated his presidency with ethical issues for years He missed the opportunity to take advantage of the boom in the real estate market that he himself helped to fuel.
Donald Trump’s fortune as president fell by nearly a third, from $ 3.5 billion to $ 2.4 billion. while the S&P 500 rose 70%.
For Forbes, the tycoon’s real estate portfolio is varied, consisting of towers, hotels, golf resorts and vineyards, but Trump’s refusal to sell his assets in 2017, the polarization he maintained during his administration and the closure his government with an assault on the Chapter, it could be hard to beat if you run in the next presidential election.
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