Trump's net worth fell $600 million in last year: Forbes
Source: The Hill
President Trump's net worth fell by an estimated $600 million in the past year, Forbes reported on Tuesday.
Trump is still on the magazine's new list of the 400 richest Americans, but he has dropped 64 spots to number 339.
Forbes attributed the decline in Trumps net worth to the coronavirus, noting the pandemic's effects on the industries in which he holds his biggest assets. Values for his office buildings plummeted, as they did for his hotels in big cities.
Trump saw big dips in his New York real estate this year, according to Forbes. He owns 30 percent stake in office and retail space in 1290 Avenue of the Americas, with a net value of $342 million. The property's value declined $109 million in the last year, the magazine noted.
Read more: https://thehill.com/homenews/administration/515424-trumps-net-worth-fell-600-million-in-last-year
George II
(67,782 posts)empedocles
(15,751 posts)lagomorph777
(30,613 posts)He went from $-10,000,000,000 to $-10,600,000,000. Putin owns him more now.
onetexan
(13,066 posts)I'm sure they're packing offshore accounts like crazy, in the case the Con loses the election & they need to bail to Moscow.
Monsieur_Grumpe
(110 posts)Including grifting.
Claustrum
(4,846 posts)PatSeg
(47,625 posts)On top of everything else! Hopefully, it will be at least one story a day to get under his skin until election day.
demmiblue
(36,898 posts)PatSeg
(47,625 posts)this crap are those who would vote for him no matter what he did or said. To the rest of the civilized world, he sounds unhinged and ridiculous.
He is like a one-hit wonder pop star who plays the same song over and over again, because his devoted fans still love it.
Karma13612
(4,554 posts)NY has plenty of stuff open.
What the heck is he on about?
Jerk
Cirque du So-What
(25,989 posts)In a fair and just world, he would be laboring to pay restitution to all those hes ripped off over the years.
lagomorph777
(30,613 posts)at the site of his failed wall. I'd pay to see him in an orange jumpsuit and ball and chain.
ancianita
(36,146 posts)GeorgeGist
(25,324 posts)As if he has$600M to lose.
thesquanderer
(11,995 posts)he and his family can't report all the money they have siphoned off from our treasury, the inauguration and the RNC
Thekaspervote
(32,803 posts)Maxheader
(4,374 posts)thats just the money forbes knows about..
Botany
(70,594 posts)How much does he owe the Russians, the Saudis, and the Chinese?
ProfessorGAC
(65,227 posts)...before this happened.
Now, the inflated starting point probably means the decline is inflated.
But, the Moody's creditworthiness report in 2018 suggested net worth was under $2 billion, before the debt to Deutsche Bank & the state bank of China was revealed.
Add the Russian debt idiot junior admitted to, and the net worth falls to well under a billion.
Again BEFORE these recent devaluations.
Botany
(70,594 posts)... added up his pluses and minuses Trump would be underwater.
olddad65
(599 posts)I think he will use that as a campaign ploy. I lost more money last year than any other president in the history of our country, but your president is willing to make that sacrifice to make America great again.
tanyev
(42,632 posts)IronLionZion
(45,546 posts)This article lists the values of his properties:
https://www.forbes.com/sites/danalexander/2020/09/08/trumps-net-worth-drops-600-million-in-a-year-to-25-billion/#83d372923637
old guy
(3,284 posts)Jarqui
(10,130 posts)hamsterjill
(15,224 posts)Theyll spin it as the selfless icon putting his efforts toward the presidency to the detriment of his own interests.
Gag me!
Karma13612
(4,554 posts)The big one MAGATS love to throw out:
He isnt taking a celery!!!!!
(Sorry, cant help myself with the misspelling)
Proximate Centurion
(73 posts)(Probably less)
BlueWavePsych
(2,640 posts)jaysunb
(11,856 posts)Turbineguy
(37,372 posts)Trump would have stolen about $150 billion by now.
yaesu
(8,020 posts)Hekate
(90,846 posts)KS Toronado
(17,355 posts)Hekate
(90,846 posts)duforsure
(11,885 posts)When in reality he's heading us towards a trump deppresion.
Karma13612
(4,554 posts)WINNING!
Gothmog
(145,631 posts)Dukkha
(7,341 posts)Even with his "beautiful economy that's the envy of the world" he's still bleeding himself dry.
titaniumsalute
(4,742 posts)He owns pieces of real estate and resorts with a gross price on them. How much does he owe creditors (Russian banks?) He might be worth a $2 billion on paper but he may owe $3 billion to creditors. As he businesses are failing due to Covid, interest and principal keep accruing. A day of reckoning could be coming for Trump's family.
infullview
(982 posts)dlk
(11,578 posts)What spectacular failure as a businessman! The Russians will want their money.
stillcool
(32,626 posts)maxrandb
(15,362 posts)I want to see the fucking receipts!
This orange fuckstick couldn't find two fucking quarters to rub together in the oval office couch cushions.
He's a fucking fraud.
His entire fucking miserable life has been one long episode of "fake it til you make it".
Fuck the God Damned media for turning this worthless piece of amphibian shit into anything more than a worthlesd fucking piece of amphibian shit.
Cha
(297,771 posts)some poor people go for who can't even get health insurance.
Shame on them
captain queeg
(10,269 posts)And that got shot down in some European court awhile back.
Larissa
(790 posts)Folks are shunning mass transit because of Covid-19.
https://www.forbes.com/sites/danalexander/2020/09/08/trumps-net-worth-drops-600-million-in-a-year-to-25-billion/#4bcfce982363
Aussie105
(5,444 posts)A person's true worth is the value of his worldly goods if they were to be sold, plus money in the bank, minus debts.
There's no way Forbes has all those numbers.
And you can't do good math with guestimate numbers.
Larissa
(790 posts). . . could donate the vast caverns of empty spaces in Trump high rises to help off-set the housing crisis.