t has been a tough year for President Trump. On top of impeachment and the pandemic, his net worth has dropped an estimated $600 million since last September, to $2.5 billion. That puts him at No. 339 on The Forbes 400, down 64 spots from a year ago.
Blame the coronavirus, which has battered not only the president’s poll numbers but also the very industries in which he holds his biggest assets. Values for office buildings have plummeted. Same with hotels, particularly ones in big cities. Trump has significant debt against his properties in D.C. and Chicago, both of which appear to be underwater these days. Doral, his golf resort in Miami, is worth an estimated $28 million, after accounting for its mortgages, down 80% in a year.
There are some bright spots in the portfolio, including garages. Trump has about 350 parking spaces in Manhattan, a nice investment at a time when people are scared to ride the subway. He also still owns the Mar-a-Lago Club in Florida and three nearby homes—prime properties in normal times but especially now that New Yorkers are fleeing the city and driving up prices in Palm Beach.Empty offices and struggling storefronts are bad news for Manhattan’s most famous landlord.
DanAlexander21 Man down 🤓
DanAlexander21 He has being juggling Being President and running his business
DanAlexander21 Stop lying for him. Trump is not a billionaire
DanAlexander21 Is he really a billionaire. He might be now that he's president
DanAlexander21 pulling its worth out of the US, Planning to skip
DanAlexander21 How do you know? Have you seen his tax returns? No way you could know this for sure unless...
DanAlexander21 Who cares
DanAlexander21 Trump has been playing Forbes like a fiddle for years. I’d seriously like to know what they gain by being “fooled “ by him year after year.
DanAlexander21 Am I supposed to feel bad?
DanAlexander21 People are making fun of a politician that got poorer while serving in office? Instead of leaving office hundreds of millions richer like obamas and clintons? Puzzling.
DanAlexander21 No wonder he has that ridiculous angry scowl on his orange face all the time
DanAlexander21 Y’all just jealous. He donates his salary to charity as well.
DanAlexander21 I'm sorry what? He dropped from million to billion Is that a typo?
DanAlexander21 Weird how the Clintons and Obama’s went from a couple hundred thousands $’s before they’re Presidencies and are Multi Multi Millionaires now... and yet Trump has lost money!!! That says it all!!
DanAlexander21 There is no way that Trump is worth 2.5 Billion. No way. Show me one property he owns that is not underwater.
DanAlexander21 *crowd yells lower lower
DanAlexander21 IF he is even worth that much. My bet is he's in hock up to his comb-over to multiple foreign entities.
DanAlexander21 Pales in comparison to many Americans who have lost so much more.
DanAlexander21 Face facts. He has zero dollars. His name is attached to multiple holdings that are leveraged to the hilt. If he sold everything, he’d still be millions short of paying his creditors.
DanAlexander21 That is why he won't release he IRS forms, we will realize that 1. he is totally broke. 2. is cheating on his taxes 3. enriching his children so that when he dies they don't fight over the estate. 4. all of the above.
DanAlexander21 If he was actually worth $2.5B, he’d start every press conference by showing off his bank statements and tax returns on giant poster boards
DanAlexander21 He may have paid some back taxes but I doubt it.
DanAlexander21 Lol if you actually believe his net worth is real. It’s a house of cards. Hence why he works tirelessly to keep his records from being public
DanAlexander21 He can thank covid19 for his money loss. His personal business isn't doing great cause no one is going to his hotels and golf courses. Lol
DanAlexander21 He’s going to be surprised in November. When he first see’s the numbers ;)
DanAlexander21 Well when you're skimming off the taxpayers, you can't show a profit!
DanAlexander21 BS. He's worth less than nothing. In debt to Russia/Deutsche Bank much more than he has. Hence the battle against releasing tax returns.
DanAlexander21 Trump will call it “fake news”
DanAlexander21
DanAlexander21 Y’all racist
DanAlexander21 He can’t even steal right.
DanAlexander21 How you lose at your own game of monopoly?... you literally make the rules as you go!
DanAlexander21 Yeah right.
DanAlexander21 Prove it. I say he’s broke.
DanAlexander21 Im starting a GFM for him. Deserves it.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »
Source: Forbes - 🏆 394. / 53 Read more »
Source: Forbes - 🏆 394. / 53 Read more »
Source: Forbes - 🏆 394. / 53 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: Forbes - 🏆 394. / 53 Read more »