Donald Trump is edging ever closer to the bottom of The Forbes 400 list, which shows the wealthiest people in the United States. He dropped 64 places this year from last, and if he continues this trend, he will fall off of Forbes’ list entirely. Never fear, my Trump children. Daddy is in the midst of the biggest con in American history.
The Forbes magazine puts the billionaire-in-chief’s net worth at $2.5 billion. Just one year ago he was $600 million richer. So what happened to the fortune he claimed to own? Keep in mind, Trump has lied about his wealth before just to get on the pretentious list in the first place. Unfortunately for the country, POTUS is sitting on the biggest piggybank around.
Melania Trump’s former friend planned the 2017 presidential Freedom Inaugural Ball. Millions went missing, and they blamed her, according to The New York Times. It seems that she did not abscond with the money, so where did it go?
Trump is notoriously cheap, to the point that he paid for his son’s Boy Scout dues out of the Trump Family Charitable foundation. Fortunately, using the family foundation like a piggybank got Trump and his eldest three children prevented from ever owning a foundation again.
Then, there are the billions of unspent dollars sitting in the coronavirus pandemic box, according to Fox 13.
‘We have $300 billion in an account that we didn’t use. I would be willing to release it, subject to Congress, and use that as stimulus money, and it would go right to the American people.’
Treasury Secretary Steven Mnuchin said:
‘As you know, we put $3 trillion into the economy when the economy was completely shut down and we’ve now reopened the economy. Let’s do a more targeted bill now, and if we need to do more in 30 days, we’ll continue to do more, but let’s not hold up the American workers and the American businesses that need more support.’
Trump moves money around from its designated spot to where it pleases him. He ignores the idea that the House has the power of the purse. For instance, he took money vital for military base repairs to build his billion-dollar three-mile wall.
The coronavirus ate into the president’s poll numbers and the value of his largest assets. Remember, his wealth has been in the entertainment industry. No, not the Stormy Daniels’ sort of entertainment business. Rather, he has invested heavily in hotels, golf resorts, and then his office buildings. With the pandemic raging, people simply are not traveling. That means his worth has dropped like a rock.
The big-city hotels in Washington, D.C. and Chicago are big losers. Then, too, Trump has borrowed significantly against them. Even his Doral golf resort located in Miami has lost 80 percent of its business, taking its value down to $28 million.
On the other hand, the president has some critically-placed parking spaces. He owns about 350 of them in Manhattan. The virus works to his advantage here, because many city-dwellers fear riding the subway.
Fortunately for him, Trump’s Mar-a-Lago Club in Florida and three homes in the area have been increasing in value, because people have been flooding down from New York.
Twitter followers went wild over Trump stealing from the American people. Take a look at some of our favorites below:
The Mueller Report Adventures: In Bite-Sizes on this Facebook page. These quick, two-minute reads interpret the report in normal English for busy people. Mueller Bite-Sizes uncovers what is essentially a compelling spy mystery. Interestingly enough, Mueller Bite-Sizes can be read in any order.