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Trump Lost $2 Billion as President, but Still Donated Every Paycheck

Donated his $1.6 million salary (over four years) to fund healthcare, parks, infrastructure and other government initiatives...

At almost 70 years old, Donald Trump set aside a luxurious retirement to serve the American people, which cost him $2 billion during his tenure, the Washington Examiner reported.

When Trump left office in January, his net worth was $2.5 billion—down from $4.5 billion when he decided to run for president—and Forbes listed him as the 121st wealthiest American.

Coronavirus lockdowns around the world devastated Trump’s family-run business, as its net worth (much of it in plummeting Manhattan real-estate holdings) fell about $600 billion last year.

The Trump Organization’s revenue fell to $278 million in 2020, down 38% from 2019.

Corporate America punished Trump throughout his term for clashing with the establishment.

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Many companies stopped doing business with the Trump organization after the Capitol Hill protest on Jan. 6.

Despite these setbacks, revenue increased for Mar-a-Lago resort in Florida—the base of Trump’s ongoing operations.

The resort earned $24.2 million last year, up 13% from the $21.4 million revenue in 2019, though down from revenues exceeding $30 million in earlier years.

As he promised, Trump did not collect his $400,000 paycheck as president.

Instead, he donated the money—$1.6 million over four years—to fund healthcare, parks, infrastructure and other government initiatives, Snopes reported.

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