Trump’s net worth has declined US$300 mil in the past year

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The drop marks the sharpest decline since Bloomberg began tracking his fortune in 2015. FMTNews

NEW YORK: As the presidential election nears, American voters are sure to be asked if they’re better off financially than they were four years ago.

Late last year, Eric Trump, who’s been running the business while his father is in the White House, began floating a potential sale of their hotel in Washington. Full-year 2019 financials provided to his lenders showed revenue down and expenses up at his office properties well before the virus pain set in.

But Nike moved out in 2018. Nike’s new landlords agreed to make payments on the lease, which is up for renewal in 2022. Those operations also get a cash injection from the government every time Trump visits with a retinue of staff and security guards.

 

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