Close

The Cost of the Office? Trump’s Billion-Dollar Loss — “Trump, Inc.” Podcast Extra

A new investigation by Forbes magazine finds the president’s net worth has dropped significantly since he took office.

Creative Commons
President Donald Trump in the Oval Office. (Win McNamee/Getty Images)

Nearly 20 years ago, Donald Trump told Fortune magazine that he could run for president and make money doing it.

“It’s very possible that I could be the first presidential candidate to run and make money on it,” he said in an interview in 2000.

But now that he’s president, the story is looking a bit different. A new report from Forbes concluded that the presidency has not enriched Trump overall: Measuring Trump’s net worth before he announced his run for the presidency in 2015 to the last two years, Trump’s fortune has dropped from $4.5 billion to $3.1 billion.

Listen to the Episode

In a statement to the magazine, Eric Trump, who is co-managing the Trump Organization, said: “My father made a tremendous sacrifice when he left a company that he spent his entire life building to go into politics. Everything he does is for the good” of the American people.

In this “Trump, Inc.” extra, Charlie Herman talks with one of the Forbes reporters who looked into Trump’s finances, Dan Alexander, and how Trump could have saved millions (and prevented a lot of headaches as well).

Listen the episode here.

You can contact us via Signal, WhatsApp or voicemail at 347-244-2134. Here’s more about how you can contact us securely.

You can always email us at tips@trumpincpodcast.org.

And finally, you can use the postal service:

Trump Inc at ProPublica

155 Ave of the Americas, 13th Floor
New York, NY 10013

“Trump, Inc.” is a production of WNYC Studios and ProPublica. Support our work by visiting donate.propublica.org or by becoming a supporting member of WNYC. Subscribe here or wherever you get your podcasts.

Latest Stories from ProPublica

Current site Current page