💰Trump loses $600 million in net worth this year.
Forbes attributes the drop in President Donald Trump’s net worth to an expensive lawsuit, the costs of his presidential campaign, and a decline in the value of his Manhattan real estate.
President Donald Trump’s net worth fell $600 million to $3.1 billion over the past year, according to Forbes Magazine’s calculations, putting him 92 spots lower on the list of America’s wealthiest than he was in 2016.
Forbes wrote that Trump was “the most notable loser” on its list of the 400 wealthiest Americans.
Forbes attributes the drop to a decline in the value of his Manhattan real estate, his $25 million settlement to resolve a class action lawsuit filed against Trump University, and the $66 million he spent on his presidential campaign.
Trump’s New York City real estate is worth $1.6 billion,
his real estate elsewhere amounts to $500 million,
his golf courses and clubs are worth $570 million,
his brand businesses are worth $200 million,
and his cash and personal assets are estimated at $290 million,
according to Forbes. Trump is now ranked number 248 on Forbes’s list.
http://www.businessinsider.com/trump-loss-net-wort-wealth-billions-millions-2017-10?utm_source=feedly&utm_medium=referral
Trump drops 92 places in Forbes rich list | Euronews
http://www.euronews.com/2017/10/17/trump-drops-92-places-in-forbes-rich-list
Trump’s wealth, ranking fall in latest Forbes 400 list – seattlepi.com
http://m.seattlepi.com/news/article/Trump-s-wealth-ranking-fall-in-latest-Forbes-400-12284796.php