Trump's Net Worth Has Dropped $300 Million in One Year as the Pandemic Hurts His Businesses

[babylonsister]

Posted on Fri, Aug 14th, 2020 by Alan Ryland
Trump’s Net Worth Has Dropped $300 Million in One Year as the Pandemic Hurts His Businesses


President Donald Trump’s personal net worth has dropped $300 million in one year as the coronavirus pandemic hurts his businesses, according to Bloomberg’s Billionaires Index. This means the president has lost roughly 10 percent of his wealth since his inauguration. His net worth now stands at $2.7 billion, according to the Billionaires Index.

“The drop marked the sharpest decline since Bloomberg began tracking his fortune in 2015. It started with a decrease in income across the Trump Organization’s portfolio of office buildings and was compounded by the coronavirus pandemic’s impact on property markets,” Bloomberg News reports.

“Declines in the value of the president’s office building at 40 Wall Street, his iconic Trump Tower on Fifth Avenue and properties owned jointly with Vornado Realty Trust accounted for some of the biggest hits to his net worth. His golf courses also lost value amid a broader slide in prices, as fewer young people take up the sport,” the outlet continues.

The news comes even as the president continues to mislead voters on the state of the American economy.

more...

https://www.politicususa.com/2020/08/14/trumps-net-worth-has-dropped-300-million-in-one-year-as-the-pandemic-hurts-his-businesses.html

[still_one]

1. When we kick him out of office in November, hopefully they will be declaring chapter 11

[MissMillie]

2. AGAIN????????

[still_one]

4. Very true

[ornotna]

3. looks like Russian mob investments are losing money

So sad.

[Wellstone ruled]

5. And the true valuation is

likely 50% of what is posted. His Lawyer gave us a indication as to how the Crime Family played the Appraisal Game.

Bet his true net is maybe on a good day is a couple Million.

[GeorgeGist]

6. Bullshit ...

his net worth has been underwater for 20 years.

[babylonsister]

7. I agree with you! nt

[maxrandb]

8. They mean his "Debt has increased by $300M"

He's never done anything except move other people's money around, borrow more of it, and then declare bankruptcy leaving his lenders holding the empty bag.

You're not really wealthy if all you have is money you've borrowed from banks.

His entire life has been one giant scam and fraud.

[LiberalFighter]

9. How do we know the value wasn't inflated?

[tanyev]

10. Good.

Just wait until he’s a former president that has nothing to offer the self-serving slugs still patronizing his businesses.