As it ultimately turned out, Trump could not have been more wrong. While Federal Election Commission filings show Trump directed millions to pay Trump organizations for campaign-related expenses during both his 2016 and 2020 campaigns, his net worth is now down $700 million since he became president, according to a Bloomberg News report. And much of what ails Trump’s bottom line is his own fault.

According to Bloomberg, revenues are down in every corner of the Trump empire and most of his assets have lost value. Even his fleet of aircraft has shrunk in value from “seven worth at least $59 million in 2015 to five valued at least $6.5 million in 2020,” according to Bloomberg. (The Trump Organization did not comment on the Bloomberg report.)…

If the Trump name ever was his business organization’s biggest asset, it may now be its worst liability.