Trump Says the Presidency Has Cost Him $3- to $5-Billion

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By Susan Jones | August 26, 2019 | 12:04 PM EDT

President Donald Trump holds a number of briefings on the final day of the G-7 summit in France. (Photo by NICHOLAS KAMM/AFP/Getty Images)

( - President Donald Trump made it clear on Monday that he would like to host next year's G-7 summit at his Doral golf club in Miami.

He first broached the idea on the sidelines of the G7 summit in France, telling a Monday morning news conference that the club's location near the Miami airport means that the foreign delegations "can be there in a matter of minutes."

At another news conference several hours later, Trump was asked to "clarify" his comments, after liberal media outlets pounced on Trump for plugging his own property:


"What reassurances, if any, can you give the American people that you are not looking to profit off the presidency?" a reporter asked Trump, who responded:

Well, I'll tell you what, I've spent, and I think I will, in a combination of loss and opportunity -- probably it will cost me anywhere from $3- to $5-billion dollars to be president. And the only this I care about is this country. Couldn't care less (about the money), otherwise I wouldn't have done it.

People have asked me, what do you think it costs?

And between opportunity of not doing a thing -- I used to make a lot of money giving speeches, now I give speeches all the time. You know what I get? Zippo. And that's good. And I did a lot of great jobs and great deals that I don't do anymore. And I don't want to do them, because the deals I'm making are great deals for the country.

And that's, to me, much more important.

Trump then repeated his belief, stated earlier Monday morning, that Doral-Miami would be a good place to host the summit:

"It's a wonderful place, it's a very, very successful area of Florida." Trump again noted the resort's proximity to the "big, international" airport, just "five minutes" away from Doral.

"Everybody that's coming, all of these people with all of their big entourages come," Trump said.

"With Doral, we have a series of magnificent buildings. We call them bungalows. They each hold from 50 to 70 very luxurious rooms, with magnificent views. We have incredible conference rooms, incredible restaurants, it's like -- it's like such a natural," Trump said.

"What we have also is Miami. And we have many hundreds of acres so that in terms of parking, in terms of all of the things that you need -- and the ballrooms are among the biggest in Florida and the best. It's brand new...Each country can have their own villa or their own bungalow.

"So I think it just works out well."

Trump said in his opinion, he wouldn't make any money if he were to host next year's G-7 summit at Doral. He also said at some point he will detail the losses he's taken as president.

Trump said his people have looked at 12 potential sites for the G-7, but there were drawbacks with most of them. "And they came back and they said this (Doral) is where we'd like to be."

"It's not about me," Trump added. "It's about getting the right location."

Before Trump had finished speaking, Sen. Richard Blumenthal (D-Conn.) was tweeting his disgust:

Memo to the President: The G7 summit is not an international infomercial for your private Florida golf club.

No president should profit from their position of power. Our Founding Fathers understood that accepting foreign payments would open the door to prioritizing personal gain over our country’s interests. Illicit self-enrichment seems to be the historic Trump hallmark.

Trump’s thirst for self-enrichment knows no bounds. This textbook example of putting personal profit over public good is exactly what the Foreign Emoluments Clause sought to prevent & why I am challenging Trump’s affront to the Constitution in court.


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