Trump's Net Worth Fell by $100 Million in the past year

Donald Trump's Net Worth Keeps Falling

Donald Trump's Net Worth Keeps Falling

It also stated that President Trump's net worth could be higher than their estimate if he has assets or has received payments that have not been publicly disclosed, and could be even lower if he sells properties at values above market averages or has undisclosed debts.

US President Donald Trump's net worth dropped by $100 million in the past year, Bloomberg reported Thursday, putting it at the lowest level since his presidential campaign in 2015, when Bloomberg began tracking his wealth.

A spokeswoman for the Trump Organization criticized Bloomberg's methodology for assessing real estate data to estimate Trump's net worth, saying in a statement to the outlet that it reduced "the value of our prime NY real estate assets", by not taking into account that Trump buildings are in desirable neighborhoods that affect property values.

Trump's net worth was estimated by the Bloomberg Billionaires Index at $2.8 billion, down from $2.9 billion in June of previous year.

According to Bloomberg, the biggest blow to Trump assets came from two neighboring Manhattan buildings: Trump Tower and 6 E. 57th St.

There have been a plethora of reports of decreased occupancy and lower rates at Trump hotels and properties since he took office, as his polarizing policies have kept some patrons away. Now, the golf clubs are worth roughly $650 million.

Trump Organization spokeswoman Amanda Miller disagreed with Bloomberg's valuation.

On the other hand, the value of Trump Hotel in Washington D.C. jumped by $30 million to a total estimated value of $100 million dollars. Bloomberg's methodology reduces "the value of our prime NY real estate assets".

This marks the second year that President Trump's net worth has taken a hit.

Miller said Bloomberg's methodology reduces "the value of our prime NY real estate assets". She also claimed the properties were in desirable neighborhoods, contending that "The location of a property affects the rents it can achieve".

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.