Remember how we heard from the left for four years that Trump only ran for President to “enrich himself”? Which seemed odd, since he was already a billionaire, he had to walk away from his multinational corporation, and he donated back his entire Presidential salary.
Well, there’s even further confirmation of what a crock that claim was. A new report by Forbes estimates that Trump lost $1.1 billion during his Presidency, with his fortune falling by nearly a third, from $3.5 billion to $2.4 billion. That dropped him almost 300 places in Forbes’ billionaire rankings. This during a time when the S&P 500 increased by 70%. If he had divested himself of all his holdings and sold them on day one, he would have ended his presidency up to $1.6 billion richer. It doesn’t say why, but I’m assuming all the mindless rage, groundless lawsuits, partisan investigations and fake news tarnished his brand.
But hey: guess who did get incredibly rich by being in the White House: Barack and Michelle Obama. The Obamas’ current estimated net worth is $40 million, over 30 times their net worth when they entered the White House.
To be clear, I’m not begrudging them their fortune. If publishers, Netflix, corporate speech bookers and others want to pay them big bucks, they have every right to say yes. But please spare me the pious lectures about how Trump only ran for President to enrich himself and that at a certain point, people have enough money. That goes over a lot better when you’re not saying it from the veranda of your $8.1 million mansion in DC or your $11.75 million, 30-acre oceanfront estate in Martha’s Vineyard.
And while we’re at it, has anyone noticed that liberal Democrats who lecture us about the evils of capitalism and the crisis of global warming always seem to live in multi-million dollar homes on the beach?