Trump’s Net Worth Drops $600 Million In A Year To $2.5 Billion

Trump’s Net Worth Drops $600 Million In A Year To $2.5 Billion

It has been a tough year for President Trump. On top of impeachment and the pandemic, his net worth has dropped an estimated $600 million since last September, to $2.5 billion. That puts him at No. 339 on The Forbes 400, down 64 spots from a year ago.

Blame the coronavirus, which has battered not only the president’s poll numbers but also the very industries in which he holds his biggest assets. Values for office buildings have plummeted. Same with hotels, particularly ones in big cities. Trump has significant debt against his properties in D.C. and Chicago, both of which appear to be underwater these days. Doral, his golf resort in Miami, is worth an estimated $28 million, after accounting for its mortgages, down 80% in a year.

There are some bright spots in the portfolio, including garages. Trump has about 350 parking spaces in Manhattan, a nice investment at a time when people are scared to ride the subway. He also still owns the Mar-a-Lago Club in Florida and three nearby homes—prime properties in normal times but especially now that New Yorkers are fleeing the city and driving up prices in Palm Beach.

The President’s Portfolio

New York City Real Estate

Empty offices and struggling storefronts are bad news for Manhattan’s most famous landlord.

1290 Avenue of the Americas

What he owns: 30% stake in office and retail space

Net value: $342 million

Change since 2019: DOWN $109 million

40 Wall St.

What he owns: Lease through 2059

Net value: $262 million

Change since 2019: DOWN $65 million

6 East 57th St.

What he owns: Lease through 2079

Net value: $179 million

Change since 2019: DOWN $34 million

Trump Tower

What he owns: 244,000 square feet of retail and office space

Net value: $167 million

Change since 2019: DOWN $70 million

Trump Park Avenue

What he owns: 17 condos, portion of retail space

Net value: $130 million

Change since 2019: DOWN $32 million

Trump Parc/Trump Parc East

What he owns: Garage, portion of retail and residential space

Net value: $40 million

Change since 2019: DOWN $2 million

Trump World Tower

What he owns: Commercial, garage, portion of residential space

Net value: $27 million

Change since 2019: UP $2 million

Trump Plaza

What he owns: Lease on retail, garage and portion of residential space

Net value: $18 million

Change since 2019: DOWN $8 million

Trump International

Hotel & Tower

What he owns: Retail, garage and portion of residential space

Net value: $6 million

Change since 2019: DOWN $6 million

Non-New York City Real Estate

Tech companies may be thriving, but Trump’s Silicon Valley investment—a skyscraper in downtown San Francisco—isn’t worth what it once was.

555 California St. San Francisco

What he owns: 30% stake in three-building complex

Net value: $442 million

Change since 2019: DOWN $35 million

Trump International Hotel Las Vegas

What he owns: 50% of certain hotel-condo units

Net value: $59 million

Change since 2019: DOWN $10 million

Trump Winery

Charlottesville, VA

What he owns: Estate and acreage

Net value: $30 million

Change since 2019: No change

Trump International Hotel

Washington, DC

What he owns: 77.5% stake in lease

Net value: -$2 million

Change since 2019: DOWN $66 million

Trump International Hotel & Tower Chicago

What he owns: Retail, portion of residential space

Net value: -$9 million

Change since 2019: DOWN $13 million

 

Golf Courses & Clubs

It’s easy to socially distance on the links, which has helped the president’s golf assets.

Ten U.S. golf clubs

Six states plus Washington, DC

Net value: $181 million

Change since 2019: DOWN $11 million

Mar-a-Lago

Palm Beach, FL

What he owns: 100% of private club

Net value: $180 million

Change since 2019: UP $10 million

Three European golf properties

Ireland and Scotland

Net value: $76 million

Change since 2019: DOWN $6 million

Trump National Doral Miami

Net value: $28 million

Change since 2019: DOWN $114 million

 

Undeveloped lots

Rancho Palos Verdes, CA

Net value: $12 million Change since 2019: DOWN $6 million

 

Brand Businesses

Trump’s product licensing business has withered away, and his hotel licensing empire continues to flounder.

Hotel management and licensing

Net value: $56 million

Change since 2019: DOWN $24 million

Cash & Personal Assets

Trump’s toys are a mixed bag. The houses in Florida have fared just fine. The penthouse in the New York? Not so much.

Cash/liquid assets

Net value: $160 million

Change since 2019: No change

Trump Tower penthouse

New York City

Net value: $45 million

Change since 2019: DOWN $9 million

Three homes

Palm Beach, FL

Net value: $29 million

Change since 2019: UP $4 million

Seven Springs private estate

Bedford, NY

Net value: $24 million

Change since 2019: No Change

Two airplanes, three helicopters

Net value: $24 million

Change since 2019: DOWN $8 million

Home

St. Martin, West Indies

Net value: $12 million

Change since 2019: DOWN $1 million

Two homes

Virginia

Net value: $1.5 million

Change since 2019: NO CHANGE

Forbes

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