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Alex Padilla

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Image for Trump Says 'Well, You Should've Had Stock,' After Being Asked About $3 Billion Jump in His Net Worth — ‘I Have a Lotta Money’
via: benzinga.com

Trump Says 'Well, You Should've Had Stock,' After Being Asked About $3 Billion Jump in His Net Worth — ‘I Have a Lotta Money’

Some people refresh their brokerage app every morning. President Donald Trump says he can’t even tell you whether his fortune went up. Trump was asked on CBS’s “60 Minutes,” by correspondent Ross Douthat about a Forbes estimate that his net worth had jumped about $3 billion since he returned to the White House. He said he wasn’t the only one getting richer. “Well, so did everyone,” Trump said in the interview , which was taped Nov. 6 at the White House and aired Sunday. Douthat said his own net worth had not climbed by $3 billion. “Well, you should’ve had stock,” Trump said. Somebody Else Is Minding The Money “I devote almost no time to my net worth,” Trump said. “I don’t care. I make— I have a lotta money, and far more than I ever thought I’d have. And I guess it’s gone up. I don’t even know.” “I have a son who’s a very straight, good guy,” he continued. “He watches over money. I don’t even talk to him about it.” Trump didn’t say which son he meant. He also brought up his paycheck, or the lack of one. “I don’t take a salary, you know?” Trump said. He went on to call himself the only president who doesn’t take one, though former presidents Herbert Hoover and John F. Kennedy also gave their salaries away. The Math Runs Through Crypto Trump said most of his money goes to big Wall Street firms to invest. He said the tens of thousands of trades reported in his accounts come from those firms, not from him. That answer has already drawn a response on Capitol Hill, where California Democratic Sen. Alex Padilla shared the clip and called for a ban on presidential stock trading . Forbes’ tally puts Trump’s net worth at $7 billion, about $2.7 billion more than when he won the 2024 election. Forbes senior editor Dan Alexander, who calculates those numbers, went after the stock-market explanation in a thread on X on Sunday. “The president’s answer here is nonsense,” he wrote. Alexander said Trump’s crypto ventures were the main drivers, along with overseas licensing deals. Fede