Saturday, October 06, 2018

Maybe he should have fully divested

Forbes has an article about Trump's wealth over the past two years. By their calculations he has not done well. His net operating income dropped 27% between 2014, the year before Trump announced his run for president, and 2017, his first year in the White House. His net worth has dropped from $4.5 billion in 2015 to $3.1 billion the last two years, knocking the president 138 spots lower on the Forbes 400.

Forbes thinks that if he’d liquidated, paid capital gains tax on his entire fortune and created a blind trust to invest it all in the booming stock market, Trump would be $500 million richer than he is today—without the headaches.

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