Donald Trump says that being President of the United States will cost him three to five billion dollars. The former property developer and reality star made the claim about the impact on his wealth at the G7 summit of world leaders in Biarritz, France, on Monday.
Trump said: ‘It will cost me anything from three to five billion dollars to be president. ‘The only thing I care about is this country. ‘I used to get paid a lot to make speeches…now I make zippo.’
Trump has previously made the same claim about the impact on his wealth, with Forbes branding it ‘absurd.’ The magazine claimed that ‘Trump’s mixture of divisive politics and a business built around his own persona’ have polarized his business as Americans who disagree with his policies actively avoid his properties.
President Trump made the claim after being asked by a reporter about rumors he will hold next year’s G7 summit at one of his own properties at Doral in Florida. That reporter asked for reassurances that Trump would not use his presidency to try and turn a profit, with the former Apprentice star quickly going on the defensive.
Trump went on to claim that Doral was chosen because it was brand new, has huge ballrooms, and is just five minutes away from an airport. Trump explained: ‘My people looked at 12 sites, all good. Some were two hours from an airport… ‘The ballrooms are among the biggest in Florida and best.’ Forbes have estimated Trump’s net worth at $3.1billion, with Bloomberg claiming he is more likely to be worth $2.8billion.