After decades of working in real estate, alongside his other ventures, Donald Trump became the first billionaire to serve the United States as its President.
While he remains a billionaire today, his net worth has declined $300 million in the past year, according to Bloomberg. This is equivalent to the erasure of 10 percent of his fortune since arriving at the White House.
With the Presidential election quickly approaching, speculation about his fortune will become more rampant. Although some may have improved their finances in the last four years, the case is not the same for Trump.
When Donald Trump entered the White House in 2017, his net worth was roughly $3 billion. He, however, argues that this is not his actual worth. Trump previously claimed that he had a total net worth of $10 billion. But reports from other sources have rebutted those claims.
Regardless of his actual net worth, his current finance records have shown an apparent decline since he took office. The $300 million drop reportedly marks his "sharpest decline" since the publication first tracked his fortune.
The same publication said that his critics would assert that this is his "own fault," adding that they have accused him of fumbled responses during the pandemic. But Bloomberg noted that the figures may continue to get "worse" in the coming months.
The $300 million loss is, reportedly, a reflection of his 2019 financials. Hence, the impact of the pandemic crisis on his fortune is yet to play out.
Business Insider claimed, however, that Donald Trump lost $1 billion in the last few months. Most of his businesses outside the White House have reportedly suffered due to the COVID-19 crisis. His current net worth is down to $2.1 billion, according to his profile on Forbes.
Despite the declining trend, the incumbent President has continued to donate his $400,000 presidential salary to various governmental entities. Reports said that he promised to do this during his presidential campaign in 2016.
In his first year in the Oval Office, he reportedly donated three months' worth of salary to the National Park Service. His succeeding quarterly salaries have all gone to the Department of Agriculture and Department of Education, among other entities.
Earlier in March, Donald Trump donated his 2019's fourth-quarter salary to the Department of Health and Human Services in response to the COVID-19 crisis, according to the White House Press Secretary.
