Here’s How Much Trump’s Net Worth Dropped During His Presidency
Former President Donald Trump left the White House on January 20, 2021 after four years in office. He took his final ride on Air Force One and headed to Mar-a-Lago in Palm Beach, Florida, making him the first president in over 150 years to skip his successor’s inauguration, per USA Today. Since Trump was banned from Twitter, the platform where he shared all of his thoughts and opinions, he’s maintained a relatively low profile in comparison to his time in the White House.
The 45th president of the United States is the focus of a number of criminal investigations, which he can now be prosecuted for as a private citizen. Two Capitol police officers sued Trump on March 30, 2021, seeking damages for ‘the physical and emotional injuries they suffered during the [Jan. 6 Capitol] attacks,” per The Washington Post. He is also being sued for defamation by a former Apprentice contestant, who claimed Trump “groped and kissed” her without consent, which Trump then called a “hoax,” per The Wall Street Journal.
Aside from the legal issues he’s facing, Trump is also dealing with his declining net worth. He lost a “great deal of money” while serving as president, per Fox Business. Read on to find out just how much he lost while in office.
Former President Trump's net worth dropped by one-third while in office
In 2017, Donald Trump was worth $3.5 billion, per Forbes. His net worth dropped to $2.1 billion in 2020 and is now $2.4 billion in 2021, according to the publication. Forbes released their annual billionaires list on April 6, 2021, and Trump’s ranking dropped to its lowest in years. The Apprentice star sat at #715 in 2019, #1,001 in 2020, and now sits at #1,299. Some notable celebrities that rank higher than him are Steven Spielberg, worth $3.7 billion, and Oprah Winfrey, worth $2.7 billion.
Trump reminded Americans on multiple occasions that he was not getting richer while in the White House. He claimed serving as president has personally cost him $2 billion to $5 billion dollars. He once told reporters, “I would’ve made a fortune if I just ran my business. I was doing it really well. I have a great business. I have the best properties,” per Reuters.
Despite the money lost while in office, Trump has told allies he’s “strongly considering” running again in 2024, per Bloomberg.
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