o approximate how much the coronavirus affected the president’s fortune, we looked at changes in the price of stocks similar to each segment of his business. Commercial real estate was clearly down, with shares of several companies, including Boston Properties and Vornado Realty Trust, plunging an average of 37% from March 1 to March 18, the date we calculated fortunes for the billionaires list.
The bottom line: a net worth valuation of $2.1 billion—a drop of $1 billion in less than a month. That will surely change again, as every index performs like an electrocardiogram. But, says New York City real estate broker Eric Anton, “The analysis, it’s as good as any other way I can think of.” The core of Trump’s empire, which the president still owns but his sons Eric and Don Jr. run on a day-to-day basis, remains tied up in commercial real estate holdings. Before the coronavirus disrupted everything, those properties were worth an estimated $1.9 billion after deducting debt. By March 18, that was down to an estimated $1.2 billion. Part of the problem: Trump owns 125,000 square feet of retail real estate near Fifth Avenue in Manhattan, typically a bustling retail corridor.
The impact to Trump’s golf course portfolio depends largely on how long coronavirus keeps the economy shuttered. The good news, for golf investors, is that it’s easy to socially distance on the links. The bad news is that pricey clubs don’t tend to do well in recessions. “The first thing that gets cut out of the diet is the golf budget,” says Jeff Davis, managing director of golf brokerage firm Fairway Advisors.
His net worth has skyrocketed in spirit, this President is phenomenal! Though his own businesses may be hurting he has accepted that risk and pushed on working under ungodly conditions at the hands of democrats and dumbasses in the press yet still manages to get it done!
pupil8
WOMPWOMP
He is gonna funnel way more then $1 billion out of that $2 trillion relief plan
He needs to keep getting these government contracts.
He is One Worried soul 😂
He is more worried about his present and future trades with Chinese than lives of millions on the hospital beds .
Thoughts and prayers.
sad
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La source: Forbes - 🏆 394. / 53 Lire la suite »
La source: Forbes - 🏆 394. / 53 Lire la suite »