President Donald Trump rose 51 spots in Forbes' annual ranking of billionaires, the magazine reported Tuesday, despite his net worth remaining the same since last year.
President Donald Trump rose 51 spots in Forbes' annual ranking of billionaires, the magazine reported Tuesday, but it wasn't because his net worth increased.
As president, Trump continues to maintain his portfolio of hotels, golf courses and other real estate despite backlash from critics who argue that his private sector dealings are a conflict of interest. Although the president turned over control of the Trump Organization to his sons Eric and Donald Jr. after he took office, he has not divested from his business empire.
Trump has invoked his status as a landlord when criticizing political opponents. In January, after Starbucks CEO Howard Schultz announced that he was considering running for president as an Independent in 2020, Trump tweeted,"I only hope that Starbucks is still paying me their rent in Trump Tower!"Trump continues to refuse to publicly release his tax returns, which would reveal details about income from his business interests.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Jumps 51 Spots On Forbes Billionaires ListThe rich don’t always get richer. In the last year, the average net worth of the world’s billionaires fell from $4.1 billion to $4 billion, helping boost Donald Trump from the 766th-richest person in the world to the 715th-richest.
Read more »
My Childhood Pen Pal Was A 51-Year-Old Man Called J-Daddy'There is a reason why you like it,' Jet replies, 'and that reason is shame.' (An excerpt from T Kira Madden's Long Live the Tribe of Fatherless Girls)
Read more »
Cohen says Trump inflated his assets to be on the Forbes list of richest peopleMichael Cohen, President Trump's former fixer, testifies before the House Oversight Committee in a public hearing. Watch the live stream and follow here for the latest.
Read more »
Aurora Cannabis shares climb on news of medical marijuana deal in PortugalOverall sector is mostly higher Tuesday, as investors digest the latest flurry of announcements from companies in the sector and moves among U.S. states toward legalizing weed for adult recreational use.
Read more »
Trump Org slams probe; Trump Jr. calls feds 'Stalinist'WASHINGTON (AP) — The Trump Organization fired back at investigations into its business Monday, demanding a House panel end its probe because of ethical conflicts.
Read more »
Michael Cohen testifies that Trump paid for portrait with Trump Foundation fundsPresident Trump's former attorney Michael Cohen testifies that Trump directed his charity organization to refund a 'fake bidder' for a portrait of himself. According to Cohen, the 'fake bidder' purchased the portrait for $60,000.
Read more »
Cohen Says He Briefed Ivanka Trump and Donald Trump Jr. on Trump Tower Moscow About 10 TimesMichael Cohen says he briefed Ivanka Trump and Donald Trump Jr. on Trump Tower Moscow about 10 times, a statement apparently at odds with 2017 testimony by Mr. Trump Jr.
Read more »