Trump made $1.6 billion while president, according to financial disclosures, but left office less wealthy than before

Charles Davis | Publié le 23/02/2021 à 2h53

• Donald Trump

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The former president made lots of money while in the White House but still left office less wealthy than when he was elected.

• Donald Trump made at least $1.6 billion during his single term as US president.
• He could hae made as much as $1.79 billion, according to financial disclosures.
• Much of the revenue came from Mar-a-Lago, his hotel in DC, and his American golf courses.
• Visit the Business section of Insider for more stories .

Donald Trump may have donated his $400,000 salary as president, but that represented just one-tenth of a percent of the money he made while the world's most powerful man.

During his four-year term in office, Trump reported making between $1.6 and $1.79 billion, with some $620 million coming from the Mar-a-Lago resort, his hotel in the nation's capital, and three of his golf courses in the United States.

As Insider previously reported , despite making hundreds of millions of dollars each year, Trump paid just $750 in federal income taxes for his first year in office.

That's according to a review of the former president's financial disclosures by Citizens for Responsibility and Ethics in Washington , a liberal watchdog group that argued Trump's salary donation "was merely a fig leaf to cover up four years of brazen corruption."

CREW found that the pandemic caused revenue to crash at the Trump Hotel in Washington, DC - from $40 million in 2019 to $15 million the year after - but not at Mar-a-Lago, which the former president had branded the "Southern White House."

Overall, however, Trump appears to be less wealthy today than when he took office. In fall 2020, Forbes said the ex-president was now the 352nd richest person in America - down from 275 the year before, reflecting a drop in net worth from $3.1 billion to $2.5 billion.

Struggling with debt, the former head of state deposited millions of dollars in 2020 campaign donations into the Trump Organization, according to a report by Forbs.

Read the original article on Business Insider

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