Trump says being president has cost him as much as $5 billion

WASHINGTON, Oct 21 (Reuters) - U.S. President Donald Trump said on Monday 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, "If I had it to go it again I would do it in an instant, because who cares, if you can afford it, what difference does it make?"

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 what he called "this phony 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.

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The Trump National Doral golf resort is shown in Doral, Florida, U.S., March 18, 2019. Picture taken March 18, 2019. REUTERS/Joe Skipper
Republican U.S. presidential nominee Donald Trump meets with Cuban-American community leaders at Trump National Doral golf club in Miami, Florida, U.S. October 25, 2016. REUTERS/Jonathan Ernst
Employees of Republican U.S. presidential nominee Donald Trump stand behind him in support at a campaign event at his Trump National Doral golf club in Miami, Florida, U.S. October 25, 2016. REUTERS/Jonathan Ernst
Employees of Republican U.S. presidential nominee Donald Trump stand behind him in support at a campaign event at his Trump National Doral golf club in Miami, Florida, U.S. October 25, 2016. REUTERS/Jonathan Ernst
DORAL, FLORIDA - AUGUST 27: A Trump National Doral sign is seen at the golf resort owned by U.S. President Donald Trump's company on August 27, 2019 in Doral, Florida. President Trump said the United States may host the next G7 gathering at the golf resort. (Photo by Joe Raedle/Getty Images)
Republican presidential candidate Donald Trump speaks during an campaign event with employees at Trump National Doral, Tuesday, Oct. 25, 2016, in Miami. (AP Photo/ Evan Vucci)
Republican presidential candidate Donald Trump speaks to the NBC Golf channel during the final round of the Cadillac Championship golf tournament, Sunday, March 6, 2016, in Doral, Fla. Cadillac has announced they will no longer be a sponsor of the tournament after this year. (AP Photo/Luis Alvarez)
Republican presidential candidate Donald Trump drives himself around the golf course to watch the final round of the Cadillac Championship golf tournament, Sunday, March 6, 2016, in Doral, Fla. (AP Photo/Luis Alvarez)
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The president ran a string of resorts around the world before being elected president. His children have largely taken over running the family business.

"Whether I lost $2 billion, $5 billion or less, it doesn’t make any difference. I don’t care," Trump said. "I'm doing this for the country. I'm doing it for the people."

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 or as good," he said.

(Reporting By Steve Holland; Editing by Cynthia Osterman)

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