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The former American president is considered one of the richest people in the world, but during the presidency, and especially in the last year, his fortune has fallen like a rock.
Trump’s ranking on the rich list has done the same. According to the Bloomberg Billionaires Index, the nearly 75-year-old businessman has been pushed 64 places down the list of America’s richest, to 339, according to Forbes.
Under investigation – risk of imprisonment
When Trump took office, it is said to have been worth NOK 25 billion. Four years later, the fortune had dropped to 20 billion.
Trump is now under investigation for various problems related to possible tax evasion and financial irregularities. According to legal experts, the charges are so serious that they could result in a prison sentence.
The New York Times has previously reported leaks of Trump’s tax returns, to which it has withheld and denied access. You will also have trouble paying off several of the loans to your creditors.
Read also: Trump’s latest appeal rejected by the Supreme Court
Video: Trump: – If I lose, I do something else
The Supreme Court rejected the claims of secrecy
In late February, Trump’s tax documents were turned over to Attorney General Cyrus Vance in Manhattan, New York. Then Trump had been trying to block this for 17 months. But the US Supreme Court rejected Trump’s demands for secrecy.
The tax documents, which have now been released, cover the fiscal years from 2011 to 2019. According to NBC News and CNN, these are tax returns, cooperative agreements and other documents during these eight years.
One of the main accusations against Trump is that he should have declared a lower value in his properties to obtain an economic benefit in the form of lower taxes. At the same time, it is suspected that he has declared a higher value on the properties of his bank connections to obtain more favorable credit conditions.
“The most obvious way you can win”
Now Trump is looking for other sources of income that can limit the losses he has suffered. It was recently announced that the former president plans to start a new social platform after being expelled from Twitter and Facebook, among other places.
In the long run, this could prove to be an important platform on which Trump can build popularity, agitate politically, incite his supporters, and raise money.
“The most obvious way you can win after your presidency is with a news channel or social media platform that will attract your 74 million voters in 2020.” , summarizes Bloomberg.
He does not rule out running for president in 2024
In a speech to his most loyal supporters at the annual CPAC conference hosted by the American Conservative Union (ACU) on March 1, Trump suggested that he could run in the next presidential election in four years.
– Who knows? Maybe I’ll win them a third time. As you know, they actually lost the election, Trump said in his speech.
Video: Trump celebrated the acquittal: – We have been through hell
