Barack Obama, Bill Clinton and even George Bush made money after leaving the White House. Donald Trump is the only one whose presidency cost him money. The suave businessman apparently lost $700,000 and it affected his net worth

Former President Donald Trump has always been different from those who came before him whether it is Barack Obama, George Bush, or Bill Clinton in terms of likeability, and surprisingly even making bank! While the former Presidents made money after leaving the White House Donald Trump’s net worth dropped from $3 billion to $2.3 billion over the course of his presidency. The Trump Organisation may have bled $700,000 during the pandemic but he still stands strong as a billionaire. Eric Schiffer, public relations expert had predicted this, “Trump will exit the presidency with a brutal set of targets surrounding the heart of his brand, which will be a danger to his survival economically and that of his children, and likely will lead to the excruciating pain of the type he has really never faced,” he said. Trump’s line of resorts and hotels has suffered from Covid-19 travel restrictions as well as his election defeat. The once bustling and over-booked $500 million Trump International Hotel is now eerily quiet and practically deserted and not too long ago The Trumps listed their long-time family-owned Palm Beach mansion too.

Trump donated his $400,000 salary as president, but still made revenue of $1.6 billion from 2016 to 2020. This action however saw him drop 77 places in Forbes’ ranking of the 400 richest Americans over that time.

Also read -  Melania occasionally 'Trumped' Donald when it came to causing a stir in the White House - From her infamous Zara jacket to her Christmas rant here are the first lady's most controversial moments

[Via: SCMP]

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With over 15 years of experience in luxury journalism, Neha Tandon Sharma is a notable senior writer at Luxurylaunches. Her expertise spans luxury yachts, high-end fashion, and celebrity culture. Beyond writing, her passion for fantasy series is evident. Beginning with articles on women-centric gadgets, she's now a leading voice in luxury, with a fondness for opulent superyachts. To date, her portfolio boasts more than 2 million words, often penned alongside a cappuccino.