Former President Donald Trump has lost millions of dollars by selling his shares in Apple and Microsoft too soon, newly released tax filings show.
Digging through the data, Newsweek found that he and his wife Melania sold the two shares along with four others in early 2017, after buying them just four years earlier.
But after he sold his shares, both stock prices skyrocketed, peaking in 2021 and 2022. And while they’re lower than they were then, the former president could have walked away with more than $5 million if he sold them today.
Still, Trump has claimed the newly released tax documents prove how successful he is as a businessman.
Former President Donald Trump lost millions of dollars by selling his shares in Apple and Microsoft too early
According to a 2017 tax return, the former president and Melania sold shares in six companies — including Apple and Microsoft — in early 2017 at the start of his presidency.
He bought the shares in October 2013 for $481,505 from Apple and $248,867 from Microsoft.
Trump sold Apple for $833,118, making $351,613, or a 73 percent gain, and sold Microsoft for $464,558, making him $215,691, or an 87 percent gain.
Overall, the former president earned a net income of $642,000 in 2017 from his initial investments in seven companies, a return of 47 percent. In comparison, the S&P 500 rose about 32 percent over the same period.
He had warned in 2014 that he would sell his Apple shares “due to their stupid refusal to offer the option of a larger iPhone screen like Samsung,” but held firm until early 2017.
That investment would have been worth $4,750,000 today and would have given Trump a profit of $3,669,000.
And if Trump had kept his Microsoft shares, they would be worth just under $2 million.
Selling both today would have given Trump a return of over $5 million, with Apple stock trading at $134.76 and Microsoft stock at $239.23 over the weekend.
The Trumps could have sold Apple stock for around $5.1 million in early January 2022, when stocks were at their peak, and Microsoft stock for $2.5 million in November 2021.
That would have netted the former president over $7 million after accounting for dividends.
If Trump had kept his Apple shares they would have been worth $4,750,000 today and if he had kept his Microsoft shares they would have been worth just under $2 million
Trump previously announced in 2014 that he was selling his Apple shares “due to their stupid refusal to give the option of a bigger iPhone screen like Samsung.” However, he retained the shares until the beginning of 2017
The ex-presidents’ losses are just one of many revelations from the six-year tax returns released by the House Ways and Means Committee last month.
Thousands of pages of documents reviewed by DailyMail.com confirm Trump paid little federal income tax while in the White House and paid nothing in 2020.
He and his wife Melania reported that they had negative income of $53.2 million from 2015-2020.
And Trump paid $1.7 million in taxes over six years, including just $750 in 2016 and 2017.
The returns show that Trump maintained financial accounts in China, the UK, Ireland and St. Martin.
Apple shares traded at $134.76 over the weekend, below their peaks in 2021 and 2022
Microsoft traded at $239.23 over the weekend, down slightly from its 2021 peak
In response, the ex-president shamed Democrats for releasing his returns on Friday and boasted about what they said about him as a longtime real estate developer and television personality.
“The Democrats should never have done it, the Supreme Court should never have approved it, and it’s going to lead to terrible things for so many people,” Trump said in a statement Friday. “The radical left Democrats have armed everything, but remember, this is a dangerous one-way street!”
He added, “The ‘Trump’ tax returns show once again how proud I was and how I was able to use depreciation and various other tax deductions as an incentive to create thousands of jobs and great structures and businesses.”
https://www.dailymail.co.uk/news/article-11637701/Trump-lost-MILLIONS-sharing-Apple-Microsoft-stocks-early-documents-show.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 Trump lost MILLIONS after splitting Apple and Microsoft shares too early, documents show