Monday, Apr. 11, 2022
Did Trump’s net worth decline during his presidency?
Former U.S. President Donald Trump's net worth declined roughly $700 million in the last full year of his presidency, from $3.1 billion to about $2.4 billion, according to estimates by Forbes of the value of various holdings and activities.
The majority of Trump's losses were attributable to declines in some of his real-estate holdings, including golf resorts and hotels, which were affected by the pandemic's impact on travel and leisure activities. During his term, he also lost money in his licensing and management business as multiple licensees dropped the Trump name to avoid being associated with "four years of polarization," according to real estate analyst Kevin Brown.
After a rebound in some valuations as pandemic restrictions eased, in March 2022 Forbes estimated his net worth had recovered to $3 billion.
Even at the lowest estimate, Trump was the richest president in U.S. history. The net worth of his most recent predecessors, Obama, Bush (Jr.) and Clinton, increased by $69 million, $20 million and $240 million during their presidencies.
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