{"id":408621,"date":"2021-04-10T21:28:26","date_gmt":"2021-04-11T01:28:26","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=408621"},"modified":"2021-04-10T21:28:29","modified_gmt":"2021-04-11T01:28:29","slug":"president-trump-did-not-profit-from-market-boom-he-created","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/president-trump-did-not-profit-from-market-boom-he-created\/","title":{"rendered":"President Trump did not profit from market boom he created"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpresident-trump-did-not-profit-from-market-boom-he-created%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=408621&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2396578\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2396578\" class=\"wp-caption-text\">GRAND RAPIDS, MI \u2013 DECEMBER 9: President Donald Trump looked on during a rally at the DeltaPlex Arena, December 9, 2016 in Grand Rapids, Michigan. (Photo by Drew Angerer\/Getty Images)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 6:16 PM PT \u2013 Saturday, April 10, 2021<\/h5>\n<p>A new financial report confirmed President Trump\u2019s assertion that not only did he not profit off the presidency, but actually grew less wealthy as a result of his service to the American people.<\/p>\n<p>This is according to estimates by Forbes published in their annual billionaires list on Tuesday. Forbes assessed his net worth at $2.4 billion, down from $3.5 billion in 2017 at the onset of the Trump administration.<\/p>\n<p>Despite four years of accusations from the left that President Trump was enriching himself from the White House, his time in office actually cost him about 32 percent of his total wealth. This, confirming the truth behind his numerous statements on the matter.<\/p>\n<div id=\"attachment_2396579\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2396579\" loading=\"lazy\" class=\"size-large wp-image-2396579\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-1330.jpeg\" alt=\"WASHINGTON, DC - AUGUST 28: U.S. President Donald Trump awaits the arrival of Finnish President Sauli Niinisto to the White House August 28, 2017 in Washington, DC. The two leaders are expected to discuss security in the Baltic Sea region, Russia and NATO during the meeting, the first between Niinisto and Trump and the first one-on-one White House meeting between a Finnish and an American president in 15 years. (Photo by Chip Somodevilla\/Getty Images)\" width=\"655\" height=\"437\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-1330.jpeg 655w, https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/04\/GettyImages-840271076-2-315x210.jpg 315w, https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/04\/GettyImages-840271076-2-768x512.jpg 768w, https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/04\/GettyImages-840271076-2.jpg 1024w\" sizes=\"auto, (max-width: 655px) 100vw, 655px\" \/><\/p>\n<p id=\"caption-attachment-2396579\" class=\"wp-caption-text\">WASHINGTON, DC \u2013 AUGUST 28: President Donald Trump awaited the arrival of Finnish President Sauli Niinisto to the White House August 28, 2017 in Washington, DC. (Photo by Chip Somodevilla\/Getty Images)<\/p>\n<\/div>\n<p>\u201cWell, I\u2019ll tell you what, I\u2019ve spent, and I think I will, in a combination of loss and opportunity, probably it\u2019ll cost me anywhere from three to five billion dollars to be president,\u201d President Trump said. \u201cAnd the only thing I care about is this country. Couldn\u2019t care less, otherwise I wouldn\u2019t have done it.\u201d<\/p>\n<p>Moreover, the analysis performed by Forbes and verified by industry experts also projected that had President Trump sold off all his assets and used the proceeds to invest in the stock market, he would have made himself $1.6 billion richer.<\/p>\n<p>This was due to the thriving stock market overseen by the Trump administration and boosted by a business-friendly overhaul of the U.S. tax code, which was spearheaded by President Trump.<\/p>\n<p>According to Forbes, the 45th President refused to \u201ccash in on a market boom he helped propel.\u201d<\/p>\n<p>\u201cNow with all that being said, I\u2019m so glad I\u2019ve done it, because you know, there are a lot of rich people around, got a lot of rich friends, but they can\u2019t help, and they can\u2019t do what I\u2019ve done in terms of helping this country,\u201d President Trump stated.<\/p>\n<p>The Constitution mandates the president receive a salary amount decided by Congress, and thus a sitting commander in chief cannot legally refuse it outright. Even George Washington was forced by Congress to accept a salary against his wishes.<\/p>\n<div id=\"attachment_2396580\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2396580\" loading=\"lazy\" class=\"size-large wp-image-2396580\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-1331.jpeg\" alt=\"NEW YORK, NY - JUNE 15: A copy of former President George Washington&#039;s personal copy of the Constitution and Bill of Rights is displayed at Christie&#039;s auction house on June 15, 2012 in New York City. The artifact, which is signed and has notes by Washington, will be put up for auction on June 22 and is expected to sell for $2 million to $3 million. (Photo by Spencer Platt\/Getty Images)\" width=\"655\" height=\"437\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-1331.jpeg 655w, https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/04\/GettyImages-146392708-315x210.jpg 315w, https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/04\/GettyImages-146392708-768x512.jpg 768w, https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/04\/GettyImages-146392708.jpg 1024w\" sizes=\"auto, (max-width: 655px) 100vw, 655px\" \/><\/p>\n<p id=\"caption-attachment-2396580\" class=\"wp-caption-text\">NEW YORK, NY \u2013 JUNE 15: A copy of former President George Washington\u2019s personal copy of the Constitution and Bill of Rights was displayed at Christie\u2019s auction house on June 15, 2012 in New York City.&nbsp; (Photo by Spencer Platt\/Getty Images)<\/p>\n<\/div>\n<p>However, the president can donate his earnings.<\/p>\n<p>Keeping one of his earliest campaign promises, President Trump donated the totality of his salary, set at $400,000 a year, or $1.6 million over four years, to various government agencies throughout his presidency.<\/p>\n<p>His first quarterly donation was in the amount of $78,333, which Forbes estimated were his post tax earnings, which was topped off by an \u201canonymous\u201d donor to a total of $100,000. This is the same amount President Trump donated every other quarter of his presidency, suggesting he was not only not taking in a salary, but dipping into his own private funds to pay taxes on that salary, and then donating the pre-tax amount back.<\/p>\n<p>Yet despite all those financial losses, President Trump said on repeated occasions he had no regrets over making that sacrifice for the sake of the American people.<\/p>\n<p>\u201cPeople have asked me, what do you think it costs? And between opportunity, not doing things. I used to get a lot of money doing speeches, now I give speeches all the time. You know what I get? Zippo. And that\u2019s good. And I did a lot of great jobs and great deals that I don\u2019t do anymore, and I don\u2019t want to do them, because the deals are making are great deals for the country, and that\u2019s to me much more important,\u201d President Trump stated.<\/p>\n<h4>MORE NEWS: <a href=\"https:\/\/www.oann.com\/economists-investors-concerned-over-increased-inflation-fueled-by-stimulus-payments\/\">Economists, Investors Concerned Over Increased Inflation Fueled By Stimulus Payments<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>GRAND RAPIDS, MI \u2013 DECEMBER 9: President Donald Trump looked on during a rally at the DeltaPlex Arena, December 9, 2016 in Grand Rapids, Michigan. (Photo by Drew Angerer\/Getty Images) &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2311982,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-1330.jpeg","fifu_image_alt":"President Trump did not profit from market boom he created","footnotes":""},"categories":[],"tags":[],"class_list":["post-408621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-1330.jpeg","fifu_image_alt":"President Trump did not profit from market boom he created","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/408621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=408621"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/408621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2311982"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=408621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=408621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=408621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}