Former President Donald Trump lost close to half of his wealth during his time serving as president.
Trump left office with a net worth of about $2.5 billion, down from $4.5 billion when he announced his candidacy for president in 2015.
Trump was no. 121 on Forbes’s list of wealthiest Americans when he entered office. He saw his net worth fall from $3.1 billion in 2019 to the current $2.5 billion amid an economic recession brought on by government lockdowns that severely hit industries where Trump held many assets.
Multiple entities also cut ties with the former president during the waning days of his administration after he faced accusations of inciting the Jan. 6 Capitol riot.
The Trump Organization saw a decline in revenue of 38% as well in 2020, down to $278 million.
One bright spot for Trump in 2020 was his Mar-a-Lago resort in Florida, which saw income rise 13% in 2020, from $21.4 million to $24.2 million. Mar-a-Lago has, in the past, made more than $30 million.
Trump made $400,000 in yearly salary as president but donated all of his quarterly checks to various causes throughout his term in office.
Trump’s office did not immediately respond to the Washington Examiner’s request for comment.