President Trump has bashed Amazon for supposedly exploiting a sweetheart deal with the US Postal Service — but he has millions of other reasons to resent the online retail giant, a new report said Wednesday.
The president’s net worth plummeted by more than $600 million in the past year, according to the Forbes 400 List of the wealthiest people in America.
And the magazine reported Wednesday that a big reason Trump’s real estate holdings had slumped was because retail values were struggling in response to Amazon’s gains.
Forbes said the president is worth $3.1 billion, down from $3.7 billion a year ago — a loss that dropped him from 156th on the list to 248th.
By contrast, Amazon owner Jeff Bezos — who also owns The Washington Post, whose opinion pages regularly slam Trump — placed second on the Forbes list for the second straight year, with a net worth of $81.5 billion.
On CNN Tuesday, the magazine’s assistant managing editor, Kerry Dolan, blamed the president’s real estate losses on e-commerce’s domination over retail, mentioning Amazon.
She specifically mentioned the lease of the Niketown store and the Trump Tower property.
Trump has targeted Amazon — and The Washington Post — repeatedly on Twitter.
“I am right about Amazon costing the United States Post Office massive amounts of money for being their Delivery Boy. Amazon should pay these costs (plus) and not have them bourne [sic] by the American Taxpayer. Many billions of dollars. P.O. leaders don’t have a clue (or do they?)!” he wrote Tuesday.
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