How Trump Is Trying--And Failing--To Get Rich Off His Presidency

[Gothmog]

This amuses me https://www.forbes.com/sites/danalexander/2018/10/02/how-trump-is-tryingand-failingto-get-rich-off-his-presidency/

By refusing to divest, Trump raised an unprecedented question: How would the most divisive presidency in modern American history affect a company built on the president’s persona? Forbes has been working to answer that question since the moment Trump got elected, interviewing nearly 200 colleagues, partners and industry observers. While the experiment continues to unfold, in real time, the early results are in. Much as he’s trying—and he’s definitely trying—Donald Trump is not getting richer off the presidency. Just the opposite. His net worth, by our calculation, has dropped from $4.5 billion in 2015 to $3.1 billion the last two years, knocking the president 138 spots lower on the latest The Forbes 400 (which will be published in full tomorrow).

Three factors are at play. Much of that decline is due to deeper reporting, which revealed, for example, that the president had been lying about the size of his penthouse. Some of it is due to larger market forces. Trump owns commercial space at a time when e-commerce is decimating brick-and-mortar retail, shaving more than $100 million off his fortune—and no amount of bully-pulpit Amazon-bashing will change that.

But the third factor comes from how Trump the president affects Trump the brand. Those familiar with him saw his 2016 run as a surreal marketing strategy, and Trump has said as much, telling Fortune way back in 2000, “It’s very possible that I could be the first presidential candidate to run and make money on it.” Since his unexpected ascent to the White House, Trump has tried to leverage the trappings of the presidency to benefit his commercial projects, from visits to his golf courses to hosting summits at Mar-a-Lago to launching a new hotel-licensing business aimed at his voters. (The Trump Organization denies the licensing business has to do with politics.)...

Either way, Trump’s mixture of politics and business has proved to be a net loser for him so far. In further polarizing the country, he has also further polarized his business—to the tune of an estimated $200 million hit against his net worth. Understanding how that has happened offers a fresh window into the state of Trump Inc.—and Trump’s America.

Trump's unpopularity is hurting his net worth which makes me happy

[gratuitous]

1. Whether his net worth is dropping or not

Just having this aired will discombobulate Needy Amin so much that we will soon be treated to a "failing Forbes" tweet.

[Gothmog]

2. The forbes list comes out tomorrow and trump is going to be unhappy

This will be fun to watch

[sheshe2]

3. Sad

[rurallib]

4. no smart business person wants to be associated with this pig anymore

It won't get better when he's defeated either.
I also suspect he will have lots of lawyers fees post-presidency.

[FSogol]

5. K& R. Bookmarking to make some popcorn!

[Scurrilous]

6. LOL

[SWBTATTReg]

7. This piece of garbage could be worth 10 times as much and I could care less. Obviously a ...

fraud, a tax cheat and dodger and big fake.

There is little room left for anything else (including brains).

Pathetic.

[Gothmog]

8. Trump falls 138 spots on Forbes' 400 richest Americans list

This will piss trump off https://www.politico.com/story/2018/10/02/trump-forbes-net-worth-861235

President Donald Trump, who has long bragged about his success and wealth, has dropped more than 100 spots on Forbes' list of the wealthiest people in the United States.

Trump's net worth has dropped from $4.5 billion in 2015 to $3.1 billion in the last two years, Forbes reported. The magazine also said that the drop has knocked Trump 138 spots lower on its latest Forbes 400 list, which will be released on Wednesday.

In 2017, Trump was listed as the 248th richest American.

According to Forbes, Trump's decline is due to a number of factors such as Trump not being truthful about the size of his penthouse, as well as typical commercial space being exterminated by e-commerce. Trump is down more than $100 million due to that factor, Forbes said.

[Gothmog]

9. Trump has lost $1B in personal wealth since running for president, according to latest Forbes list.

Link to tweet