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.
DanAlexander21 All AMERICANS, INDIANS AND ALL EARTHLINGS Lockdown yourself for a few days and protect yourself. Not only Social Distancing but stay INDOORS ONLY Let the Governments work. This is very serious jackryanexecutiveorders
DanAlexander21 How the hell can anyone believe anything this “publication” publishes with the blatant lies it spews, preying on the population who actually respects the reporting “capability” of this giant. elonmusk and Tesla needs to be apologized to for the verbal vomit!
DanAlexander21 Hi
DanAlexander21 People give up a lot to become public servants. There's no money in it, but servants like to make sure everyone has enough food. George gave up his baseball hobby to become our 43rd POTUS. He felt called to that duty. Sometimes it's hard to be that smart.
DanAlexander21 Come on this is just click bait. You want ya all to laugh at the poor fat lump of lard that is trump
DanAlexander21 Just wait and see what he loses when we throw him out of office in November!!!
DanAlexander21 So he is zero net worth now?
DanAlexander21 Damn jews simply can't react to a man that stand to them.
DanAlexander21 Hahahaha DonaldTrump So Sorry Yaar realDonaldTrump
DanAlexander21 Since Trump is resisting the Jewish control so in return they taking their money as personal punishment in his pocket.
DanAlexander21 Baaaaaaaaahaaaaaaaaaaaaa
DanAlexander21 Peanuts
DanAlexander21 You mean Putin lost a billion.
DanAlexander21 So when he said being president has cost him a billion dollars he wasn’t lying. The exact opposite of every other politician who goes in poor and comes out rich.
DanAlexander21 That’s why he wants to open the economy and all of the sudden gives a shit...
DanAlexander21 You're assuming he was truly worth a billion in the first place?
Forbes valued the President at $3.1 billion a month ago. Now he’s worth $2.1 billion
DanAlexander21 Yo Forbes, quite hating. No one cares
DanAlexander21
DanAlexander21 he can’t be poor .. please include him in the stimulus package scheme
DanAlexander21 Greetings to the World To UN, World Bank, IMF. Dunia sibuk mengatasi covid-19 Demi solidaritas Global di Dunia Semoga: Ada Kebijakan DELAY, RESCHEDULE pengembalian hutang,bunga hutang untuk Debitur negara-negara di Dunia kepada para Kreditur. Untuk pertumbuhan ekonomi Dunia.
DanAlexander21 I’m crying. So sad. Couldn’t happen to a better guy.
FrackHazReveal DanAlexander21 and a wee bit of it, is his own money ! 🍄🍄🍄🍄🍄 eh, DonaldJTrumpJr
DanAlexander21 Trumps balls drop, as virus infects the presidents “business”
DanAlexander21 and everyone else is bankrupt