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re: $1.3 million in 2007, $7 million in 2016....net worth of the former POTUS, now
Posted on 3/15/17 at 10:02 am to wfallstiger
Posted on 3/15/17 at 10:02 am to wfallstiger
That actually doesn't seem like a huge leap. Retirement planning, compounding returns, low to no expenses (the president doesn't use his cash or CC for dinner). That seems like a reasonable increase in net worth.
3
Posted on 3/15/17 at 10:06 am to GRTiger
quote:Actually the POTUS must pay for his household food and personal supplies. The exception is state dinners are at taxpayers expense.
(the president doesn't use his cash or CC for dinner).
Posted on 3/15/17 at 10:15 am to GRTiger
quote:
That actually doesn't seem like a huge leap. Retirement planning, compounding returns, low to no expenses (the president doesn't use his cash or CC for dinner). That seems like a reasonable increase in net worth.
First families actually pay for a lot more than you would think that they do For example, taxpayers only pay for the food served at official state dinners, all other groceries and sundries are billed to them. Yes, of course someone does their shopping for them, because the President can't very well go to the local Target and pick up groceries, but he is billed for those items each month.
As for the increase in his income, good grief that is easy to figure out. Book sales.
Posted on 3/15/17 at 10:27 am to GRTiger
quote:
That actually doesn't seem like a huge leap
DJIA was up ~28% in that timeframe; 14K in '07 vs 18K in "16
$1.3M vs $7M is a ~360% gain.
To be clear, that is well over 10X concomitant market performance.
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