Close Close Comment Creative Commons Donate Email Add Email Facebook Instagram Facebook Messenger Mobile Nav Menu Podcast Print RSS Search Secure Twitter WhatsApp YouTube
Member Drive Deadline: Friday
Support independent journalism
Donate

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.

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 [email protected].

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.

Protect Independent Journalism

This story you’ve just finished was funded by our readers. We hope it inspires you to make a gift to ProPublica so that we can publish more investigations like this one that hold people in power to account and produce real change.

ProPublica is a nonprofit newsroom that produces nonpartisan, evidence-based journalism to expose injustice, corruption and wrongdoing. We were founded over 10 years ago to fill a growing hole in journalism: Newsrooms were (and still are) shrinking, and legacy funding models are failing. Deep-dive reporting like ours is slow and expensive, and investigative journalism is a luxury in many newsrooms today — but it remains as critical as ever to democracy and our civic life. More than a decade (and six Pulitzer Prizes) later, ProPublica has built the largest investigative newsroom in the country. Our work has spurred reform through legislation, at the voting booth and inside our nation’s most important institutions.

Your donation today will help us ensure that we can continue this critical work. From COVID-19, to our elected officials, to racial and criminal justice and much more, we are busier than ever covering stories you won’t see anywhere else. Make your gift of any amount today and join the tens of thousands of ProPublicans across the country, standing up for the power of independent journalism to produce real, lasting change. Thank you.

Donate Now

Portrait of ProPublica

ProPublica

ProPublica is an independent, nonprofit newsroom that produces investigative journalism with moral force. Learn more.

Latest Stories from ProPublica

Current site Current page