Trump’s wealth In decline after he took office
The fortune of US President Donald Trump is estimated at $ 3.1 billion, according to Forbes magazine, but has fallen on the list of wealthiest people because his presidency period has hurt Trump’s brand.
Trump fell to 259 on the world’s 400 billionaires list, which was released on Wednesday, down from 248 in 2017.
In 2015, the year Trump announced his intention to run for president, Forbes estimated his fortune at $ 4.5 billion.
The magazine attributed the decline in its wealth to a deeper investigation into its assets, a decline in the real estate retail market, a slowdown in the real estate sector, especially luxury real estate, and its impact on the Trump brand.
Although Trump has made most of his fortune by putting his name on projects he does not own, his investigation suggests that the strategy has turned into a reaction, whose name is no longer synonymous with luxury, but has become linked to the division of society, prompting business partners to move away from it, Potential buyers of apartments.
However, the value of his property, including the penthouse, has risen in the Trump Tower, his private jet and Mara Lago’s Florida, the so-called Winter White House.
Prior to assuming the presidency, Trump entrusted his interests to his sons Don Junior and Eric, and executive director of Trump Allen Feiselberg. He rejected multiple calls for total secession, raising accusations against him of conflict of interest.
If Trump were to liquidate his business and pay the gains tax on his wealth and set up a fund to invest everything on the booming stock exchange, he would make a profit of $ 500 million, the magazine said.
Amazon’s Forbes owner, Jeff Bezos, whose wealth rose in one year to $ 78.5 billion, netted $ 160 billion in net worth.
Bill Gates, Microsoft’s co-founder and first in 24 years, was second with a $ 97 billion fortune.