Politics

Trumps Net Worth Down About $600 Million in Past Year: Forbes

President Donald Trumps net worth has reportedly declined about $600 million in the past year due to the CCP viruss impact on industries in which he has the biggest assets, according to an analysis.

Forbes magazine, which reported on his net worth decline, estimated that “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 percent in a year,” Forbes said.

It noted that some of Trumps most prominent real estate holdings have seen significant decreases in value due to the CCP (Chinese Communist Party) viruss impact.

New York Citys 1290 Avenue of the Americas in buildings value is down $109 million over the past year, his 40 Wall St. property in the city is down $65 million, the Trump Tower on Fifth Ave. is down $70 million, and a number of other properties are down in value, the report noted. In the District of Columbia, Trumps IRead More From Source

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