Trump blamed legal fees for the decline. But that’s not why the presidency is costing him. It’s true that he has faced a handful of lawsuits and investigations into his financial dealings, which have no doubt run up hefty legal bills. However lawyer’s fees are in the range of a few million dollars—not billions. Instead, it’s Trump mixture of divisive politics and a business built his own persona that have proved to be a net loser for him so far.
That’s led to big losses in key areas. Trump National Doral, the president’s largest golf property, has historically drawn much of its clientele from parts of the country where Trump is unpopular. The resort has seensince Trump went into politics. The Trump Organization’s traditional wheelhouse of luxury rental residential real estate is suffering too, since much of it sits in blue cities like New York and Chicago. And the president’s brand licensing businesses have basically flatlined.
“This thing is costing me a fortune,” Trump said on Tuesday. Fair enough, but in typical Trump fashion, he’s exaggerating the numbers.
Anything he loses is due to not divesting when he should have. Much of his business was selling the right to use the Trump name on a property, and he is destroying the value of the brand
According to Forbers, Trump's net worth was $ 4.5 billion before he became president and that has dropped to today's $ 3.1 billion. A pretty big sacrifice for the USA.
IdesOfMarz realDonaldTrump Trump never has or ever will see $3B to $5B . But he will now have a steady revenue stream after he leaves office. Changing the Secret Service for inflated room and board at every private club DonTheCon owns and visits.
Shame
Really? Did anyone actually believe he was losing $3-$5 billion? I don’t know his finances but since he was claiming a $3-$5 billion loss I just automatically believed he was lying. Come on now we all know when he is lying, which is usually when he speaks. TrumpMustGo
That's just an excuse for not being worth as much as he claims.
His being president is even sucking money out of his own pocket. If he was such a bright guy economics wise, you'd think he'd resign.
Successful business guru waives salary as president and returns America to strongest economy in world with record low unemployment, evoking liberal hate. Predecessor DESTROYS Economy, gives billions to failed AIG and makes $20 million from office, gets liberal love. 🤷🏽♂️
He's losing money but not as much as he says lol. So he's right, he's losing money
he doesn’t have 3-5 billion to lose, says he does but we know what he says is mostly false
He needs to have it in order to lose it 😂 release the tax returns!
See Never Trump quibble. Remember when there was news instead of fact checkers daily.
If he could be making more money doing something else, it still counts as losing that money. You cant prove his statement false
If he's so MISERABLE, and POOR, He should just RESIGN. We the PEOPLE don't mind if he do.
He gave his son in law almost a billion for what SenSanders AOC DonCheadle KevinHart4real KingJames TheRock
Same same.
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