Since billionaire mogul Donald J.Trump famously came down the golden escalator with his wife, Melania, to announce he was running for President Of The United States, the financial ramifications have been staggering.
In an interview with MyPillow CEO Mike Lindell, the former President said he lost billions of dollars during his time in office and that he “expected” that to happen.
As part of an extended interview during which the men mainly discussed claims of voter fraud in the 2020 election, Mr. Trump said that he suffered a major financial loss while in the White House.
Lindell described Trump as one of the few politicians who “have the people’s back” whereas others make decisions based on their own agenda.
Trump responded by pointing out that some in the Democratic leadership make decisions in order to make money, whereas he willingly took the job to help save the nation knowing he would suffer catastrophic financial loss in the process.
“Look at the money they make, they’re full-time politicians, [Nancy] Pelosi and all these people [Maxine] Waters, [Barack] Obama,” Trump said,
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“I expected to lose a lot of money, I lost billions. I expected that it was okay. These people made money being president,” he added.
“If somebody from Saudi Arabia stays in a suite one night for peanuts, even though I’m willing to lose billions of dollars, and say they pay $600, or whatever it is, they’ll make like….I mean, it’s the most incredible thing. These people have made a fortune, many of them have made a fortune. And I was prepared.”
Watch the full interview here:
Trump did offer specifics of where he lost his billions in the portfolio, during his four years as president. Before he entered the White House, he resigned from his companies in order to avoid any potential conflicts of interest, although the reins were handed over to a company run by two of his sons, Eric and Donald Trump Jr.
In an apparent move to restructure his finances, Trump reportedly has sold off the lease to his flagship hotel in Washington, D.C. months after documents released by the House Oversight Committee showed it lost more than $70 million while he was in office.
Trump went on to suggest to Lindell that Democrats’ policies are proof that they “cheat on elections” as they cannot possibly be popular with half of the population.
“When you have things like no voter ID, defund the police, open borders, sanctuary cities, all of the stuff they have, I don’t believe 50 percent of the people vote for them. I think they cheat on elections. And they do other things and that gets him up to that 50 percent. But they can’t have 50 percent with those policies,” Trump said.