Trump’s Net Worth Drops $1 Billion As Coronavirus Infects The President’s Business

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, 2020, to March 18, 2020, 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, 2020, 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 on 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.

DanAlexander21 He’s lost a lot of money being president

DanAlexander21 So what? Is there something here we should care about as we’re dealing with prospect of thousands dying? I mean, really? Completely superfluous “reporting”.

DanAlexander21 It's obvious

DanAlexander21 The commercial portfolio is sinking. The big money is in ventures with his corrupt daughter & favorite son (kushner). That's where the bodies will show up, eventually.

DanAlexander21 How much they get from the 2.2 trillion lol

DanAlexander21

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump’s Net Worth Drops $1 Billion As Coronavirus Infects The President’s BusinessForbes valued the president at $3.1 billion a month ago. Now he’s worth $2.1 billion. Here’s why: by DanAlexander21 DanAlexander21 TRUMP2020 DanAlexander21 Deduct $1 billion for stupidity? DanAlexander21 Who gives a sh*t
Source: Forbes - 🏆 394. / 53 Read more »

Trump’s Net Worth Drops $1 Billion As Coronavirus Infects The President’s BusinessWe valued the president at $3.1 billion a month ago. Now he’s worth $2.1 billion. Here’s why. sad Thoughts and prayers. He is more worried about his present and future trades with Chinese than lives of millions on the hospital beds .
Source: Forbes - 🏆 394. / 53 Read more »

Trump’s Net Worth Drops $1 Billion As Coronavirus Infects The President’s BusinessTrump’s net worth drops $1 billion as coronavirus infects the president’s business by DanAlexander21 DanAlexander21 and everyone else is bankrupt DanAlexander21 Trumps balls drop, as virus infects the presidents “business” FrackHazReveal DanAlexander21 and a wee bit of it, is his own money ! 🍄🍄🍄🍄🍄 eh, DonaldJTrumpJr
Source: Forbes - 🏆 394. / 53 Read more »