According to Forbes being president is costing Donald Trump a fortune.

By | 2018-10-08T08:11:11+00:00 October 9th, 2018|Categories: News|Tags: , , , , |8 Comments

Of course, it’s not costing him nearly as much as it’s costing the rest of us. 

Courtesy of NBC News:

The presidency has been bad for Donald Trump’s finances, with his personal net worth falling from $4.5 billion to $3.1 billion over the past two years, according to the latest Forbes billionaires list.

Trump dropped 138 spots to 259 on the Forbes 400, an annual measure of the richest people in the U.S. During that same period, Amazon founder and CEO Jeff Bezos rose to the top spot, with an estimated fortune 52 times greater than that of the president, at $160 billion.

Forbes attributed the decline of Trump’s fortune to three main factors: e-commerce eating into the value of Trump’s real estate holdings, the intrusion of heightened security at Trump’s resorts, and Trump’s own over-reporting of the size of his penthouse.

“Much as he’s trying — and he’s definitely trying — Donald Trump is not getting richer off the presidency,” according to Forbes.

Revenue from Trump-branded ties, whiskeys, MAGA hats and other merchandise has plummeted to just $3 million from $23 million in 2015. “He has significantly tarnished the brand,” licensing expert Jeff Lotman told Forbes.

I still don’t think that Trump is worth nearly this much, but I have no doubt that he is hemorrhaging money. 

What’s more, I predict that by the time he leaves office his name will be so tainted that putting it on any product will guarantee its failure. 

About the Author:

This blog is dedicated to finding the truth, exposing the lies, and holding our politicians and leaders accountable when they fall far short of the promises that they have made to both my fellow Alaskans and the American people.

8 Comments

  1. Anonymous October 9, 2018 at 2:37 am - Reply

    If it comes out of trump’s mouth—it is a lie. 4-5 billion my hind foot. . . .
    What is so amazing is that Forbes actually puts him on the list when they
    know he is a famous liar. Trump says his net worth changes by how he “feels”
    on a given day. Damn. This moron is one hurt feeling from the button.

    It is fast becoming an idiocracy in this country when you can’t even count on
    mainstays like Forbes to call out his crap. I guess they don’t want to be tweeted.
    Getting spanked with Forbes is okay with Donald—-but them telling the truth about his
    net worth is untenable.

  2. Anonymous October 9, 2018 at 4:24 am - Reply

    Cry a river Drumpf.
    He is costing the US so much more, including our humanity and dignity.
    I wish we could have another civil war of sorts. Divide up the country. The racists people get their all white section and the rest of us go on to cure cancer and give political asylum to children etc.

  3. Anonymous October 9, 2018 at 6:20 am - Reply

    Boo hoo hoo, let me get out my tiny violin… I’m so poor.

    He maybe making less money, however a lot of the money he is making is coming from the taxpayers… for charging the secret service, building a helipad he never used, and security for his adult children to go on business trips.

    After seeing how he scammed the IRS out of taxes, who knows what hidden sham companies he has set up to get taxpayer money for doing nothing.

    Besides, the presidency isn’t suppose to be a money making business.

  4. Anonymous October 9, 2018 at 6:37 am - Reply

    Well this is interesting, so they may be able to get trump after all
    =========================================

    According to Davidson, the clock on the statute of limitations starts when Trump “ceased all evasive activity” and it’s not clear if that has ever happened. So Trump may actually be open to may criminal and civil penalties as well as unpaid taxes.

    “The courts are very clear that while the statute of limitations for criminal tax fraud is generally six years, it’s six years from the last effort to conceal. I think a prosecutor would have a fairly easy time saying, no no, this is an ongoing criminal enterprise,” Davidson concluded….

    https://www.politicususa.com/2018/10/09/unpaid-taxes-and-penalties-could-force-trump-to-liquidate-his-fortune.html

  5. anonymous October 9, 2018 at 7:41 am - Reply

    https://www.telegraph.co.uk/news/2018/10/09/turnberry-caravan-park-plans-name-change-say-link-trump-costing/

    @Turnberry>”last week it posted new losses of £3.4 million, and has lost a total of £33 million since it was taken over four years ago.”

    A decision about the name is expected to be made within the next couple of weeks.

    Mr Trump resigned as director of the golf resort in January 2017 after becoming US president, as did his daughter Ivanka, but his sons Eric and Donald Junior remain in their positions.”

  6. Toad October 9, 2018 at 8:19 am - Reply

    OT “She’s the only one who’s going to take down the Evil Empire,”

    Women throng her events, praising her as a resistance hero, and men stand in line next to them swearing they only came for political reasons.

    “Thank you so much for what you’re doing for women everywhere,” Galletto, a 60-year-old transgender man, said he told her. “And I hope you bring down Trump.”

    https://www.thedailybeast.com/stormy-daniels-takes-stripped-down-book-tour-to-museum-of-sex?ref=home

  7. Vote October 9, 2018 at 11:00 am - Reply

    “The Rock the Vote Action Fund,
    however, pointed out that Trump was using their map — and they even noted that Trump went so far as to scrub their logo off his version of the map.

    “We know you’re accustomed to ripping folks off,”

    https://www.rawstory.com/2018/10/busted-eric-trump-caught-blatantly-stealing-rock-votes-registration-deadline-graphic/

  8. Anonymous October 10, 2018 at 5:15 pm - Reply

    Good. Let’s force him down to 401 and knock him off the list.

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