- Title: Trump says being president has cost him $2 billion to $5 billion
- Date: 21st October 2019
- Summary: DORAL, FLORIDA, UNITED STATES (OCTOBER 17, 2019) (REUTERS) PERSON CHECKING IN MEMBERS AT ENTRANCE TO TRUMP NATIONAL DORAL GOLF CLUB PAN FROM PALM TREES TO ENTRANCE SIGN VAN ON DORAL PROPERTY WIDE OF VAN ON PALM TREE LINED ENTRANCE TO PROPERTY
- Embargoed: 4th November 2019 17:54
- Keywords: Donald Trump Doral G7 Summit golf club billions
- Location: WASHINGTON D.C.,/ DORAL, FLORIDA, UNITED STATES
- City: WASHINGTON D.C.,/ DORAL, FLORIDA, UNITED STATES
- Country: USA
- Topics: G7,Government/Politics
- Reuters ID: LVA004B21JZNR
- Aspect Ratio: 16:9
- Story Text: U.S. President Donald Trump said on Monday (October 21) that being president has cost him between $2 billion and $5 billion that he would have made if he had continued running his business instead of getting into politics.
But, he told reporters, he would make the same decision to venture into politics.
Trump expressed annoyance at having to reverse his decision to stage the Group of Seven summit in June at his Trump National Doral golf resort in the Miami area.
His plan to have the event at Doral drew sharp criticism from both Republicans and Democrats who said it gave the impression that he was profiting from being president.
Trump dismissed the emoluments clause, a line in the U.S. Constitution that prevents the president and lawmakers from profiting from their offices. Critics frequently accuse Trump of violating the emoluments clause.
The president ran a string of resorts around the world before being elected president. His children have largely taken over running the family business.
"It's cost me anywhere from two to five billion dollars to be president. Between what I lose and what I could have made, I would've made a fortune if I just ran my business," Trump said.
Trump had said he would have the G7 summit at Doral without cost to U.S. taxpayers but will now look for other sites.
"I don't think it'll be as exciting and I don't think it can be as good," he said.
(Production: Deborah Gembara)
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