Bad news from Forbes for Donald Trump

From the time he entered the White House in January 2017, until he left a few months ago, Donald Trump’s fortune has fallen by nearly a third, from $ 3.5 billion to $ 2.4 billion, writes Forbes.

Meanwhile, the Standard & Poor’s (S&P 500 – the second most used index to assess the state of the stock market in the US) has increased by 70%.

Every investor at some point regretted holding an asset for too long. However, no one else has made such a big mistake as Trump – he did not give up his portfolio after taking office, and at the same time did not take advantage to make money from the market boom he was driving.

If he had sold everything since his first day as president, he would have paid the maximum sales tax, and then invested the proceeds in the conflict-free fund tracking the S&P 500, Trump would have ended his rule with approximately $ 1.6 billion more than now.

His fortune is currently estimated at $ 2.4 billion, which puts him at 1299th place in the Forbes list of billionaires.

Last year he was in 1001st place. In fact, Trump is richer than he was a year ago, when values ​​fell at the start of the pandemic, but he still couldn’t beat the other billionaires on the list whose fortunes have risen.

.

Read Also:  Europe denied both Nord Stream: State Economy: Economy: Lenta.ru
Share on facebook
Facebook
Share on pinterest
Pinterest
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Trending