Quantcast

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.

...article continued below
- Advertisement -

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

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.

...article continued below
- Advertisement -

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.

- Advertisement -

TRENDING NOW

GoFundMe Deletes Grieving Father’s Fundraiser After Son’s Post-Vax Death

(Jon Miltimore, Foundation for Economic Education) At his funeral, Ernesto Ramirez Jr. wore a light blue suit and the eyeglasses he had worn in so...

Cases Down 60% Since Denmark Lifted All COVID Restrictions

(Jon Miltimore, Foundation for Economic Education) On September 3 Denmark lifted all of its COVID restrictions, becoming the first country in the European Union to...

WTF Happened in 1971? Economic Indicators Worsen Since End of Gold Standard

(Jon Miltimore, Foundation for Economic Education) In mid August, Twitter Founder and CEO Jack Dorsey tweeted a strange hashtag: #WTFHappenedin1971. #wtfhappenedin1971 — jack⚡️ (@jack) August 15, 2021 A...

Extreme Hospital COVID Policies Lead Women to Give Birth at Home

(Kerry McDonald, Foundation for Economic Education) When I decided to have my third baby at home, I did so because I felt that a home...

Republicans Push for Forensic Audits in Battleground States & Texas

(Headline USA) The most closely watched attempt by Republicans to examine the 2020 presidential election in a battleground state has ended in a resounding...

Population Gains in Urban Cities Could Give Blue States Bigger Democrat Majorities

(Headline USA) As congressional redistricting gets underway, some of the country's most populous cities are taking prominent roles in reshaping the balance of power...

1.45 Million Students Leave Public Schools for Homeschooling & Charters

Public school enrollment has plummeted over the past two years as parents choose to place their children in charter or private schools or to...

Liz Cheney Apologizes for Former Opposition to Gay Marriage

(Headline USA) Rep. Liz Cheney says she was wrong to oppose gay marriage in the past, a stand that once split her family. Cheney, R-Wyo.,...

Nancy Pelosi Says House Will Pass $1 Trillion Infrastructure Bill This Week

(Headline USA) With President Joe Biden's broad domestic agenda at risk of collapse, House Speaker Nancy Pelosi on Sunday vowed that Democrats will pass...
- Advertisement -