Forbes: Trump's net worth fell by $600 million in past year

by Jordyn Pair · Sep 8th, 2020 1:59 pm

Last Updated Sep 9th, 2020 at 2:30 am

President Trump's net worth has fallen by roughly $600 million in the past year, according to Forbes.

Although the president is still on the magazine's list of the 400 richest Americans, he has fallen 64 spots to number 339. The outlet said that the pandemic had affected industries in which Trump holds his biggest assets, such as office buildings and hotels.

Trump saw his New York real estate worth decline by an estimated $326 million and his non-New York real estate decline by roughly $124 million. Most of his golf courses and clubs declined by $137 million, although his Mar-a-Lago club in Florida increased by $10 million.

The president also saw a loss in his hotel management and licensing businesses by $24 million and in his personal assets by $18 million.

Amazon's Jeff Bezos, Microsoft's Bill Gates, and Facebook's Mark Zuckerberg hold the first, second, and third spots on Forbes's list, respectively.


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