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 Interesting. How do they calculate the monetary value of bald-faced lying and distortions? Must be quite the formula...
DanAlexander21 I call bullshit.
DanAlexander21 You mean trump hasn’t stole a trillion dollars from America yet 💰💰🤥🤥🤥👿👿🇺🇸
DanAlexander21 Hard to believe any editor of a newspaper would approve a reporter's time in pursuing a story such as this. For what? To inform us how? Wasted resources...
DanAlexander21
DanAlexander21 Trump is worthless.
DanAlexander21 The orange man will always be worth a big, fat ZERO to me.
DanAlexander21 So he is still a billionaire? Take that Far Left! Yo, Maddow, I still want to see your taxes!
DanAlexander21 If there is no oversight on the 500 billion to be distributed by Steven “ The Troll “ Mnuchin then you can be sure the net worth of Dipstick Don will miraculously increase by hundreds of billions in a very short time!
DanAlexander21 Minus 5 billions he owes to putin. Very soon he'll be filling his next BK. And if he is re-elected (NOT) the US will be BK by 2021.
DanAlexander21 Now we know why he was worried and wanted to keep the economy open
DanAlexander21 President Trump gives away his salary & loses money to serve American People as President of USA. Clinton, Obama, Biden & other Democrats, including the ones in Congress, make millions in government. Makes it pretty clear where the greed & corruption lies: Democrats.
DanAlexander21 Highly believable
DanAlexander21 LOL!
DanAlexander21 Guess then he is outnumbered & over-stretched viz capable Human Resources. Isn't a confidence-trickster one thought might be given India's status as USAlly2. Given birds of feather flock together with such statuses. Shared anti-pathies aren't glues. Shared values are. WhiteHouse
DanAlexander21 It shouldn't be visited in a time like this.
DanAlexander21 Boo hoo Forbes we don’t care about his net worth - He still has the power to sentence millions to death daily by his foolish actions
DanAlexander21 Who cares
DanAlexander21 he's worth -3billion cause he fucking bankrupt several times.
DanAlexander21 I’m sure with a $2-$3 mark up on a few hundred million masks he can bring that number up quickly.
DanAlexander21 And he's donated nothing but vindictiveness to Covid-19
DanAlexander21 I ponder what you guys would estimate my possible value could be o.O
DanAlexander21
DanAlexander21 by the time he done je will need it all for lawyers and law suits
DanAlexander21 What is his credibility worth?
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