In less than a month, amid the coronavirus, President Donald Trump has lost at least $1 billion in net worth, plummeting from $3.1 billion to $2.1, per Forbes.
While the virus crisis has affected nearly all businesses, Trump’s wasn’t excluded. The publication notes that the core of Trump’s empire, his commercial real estate holdings, were previously valued at $1.9 billion after deducting debt, and is now estimated at $1.2 billion.
For his residential real estate, previously it held a value of $235 million, and now, $148 million. His hospitality holdings, previously showed $107 million, and now, $38 million. His hotel licensing and management holdings previously sat at $80 million, and now, $42 million.
Additionally, while his golf courses previously showed $271 million, they now read $217 million; and his trophies and other properties — previously, $348 million, and now $295 million.
Across the board of each holdings types, Trump has lost a whopping $1 billion in net worth, and should the virus keep spreading and lengthen quarantine, the number only looks to continue its downward decline.
