Trump is now worth $2.4 billion, according to Forbes. That net worth puts him at No. 1,299 on Forbes’ 2021 billionaire list — down from 1,001 in 2020.
“Every investor at some point has kicked himself for holding an asset too long. Perhaps none, however, has made such a monumental miscalculation. By refusing to divest his portfolio upon taking office, Trump bogged down his presidency with ethics issues for years, while also missing a chance to cash in on a market boom he helped propel.
“If he had sold everything on Day 1, paid the maximum capital-gains taxes on the sales, then put the proceeds into a conflict-free fund tracking the S&P 500, Trump would have ended his presidency an estimated $1.6 billion richer than he is today.”
Now, that doesn’t mean Trump is going broke anytime soon. He still has considerable assets and could sell off a bunch of properties he currently owns if he needed to pay the bills. (Selling Trump properties, of course, would be mortifying and embarrassing for the ex-president.) It’s also possible that the financial institutions that hold Trump’s loans will be willing to either roll them over for a few more years or renegotiate the terms.
In short: Trump isn’t on the verge of financial ruin. But he is in a decidedly sticky and precarious financial moment, with declining revenues, few alternative revenue sources available at present and big-time debts coming due.