Trump’s wealth has decreased by 46% in the last 7 years, how much wealth does the former President own?

The election journey of former US President Donald Trump, who is in the race to reach the White House, has been full of legal obstacles. His wealth has been depleting to a great extent over the years. According to Forbes data, America’s real estate billionaires have lost 46% of their wealth since 2016.

Huge decline in Trump’s wealth

According to Forbes estimates, Trump’s wealth is now $ 2.6 billion. Whereas in 2016 he had assets of $4.6 million and in 2022 he had assets of $3 million. In October 2023, Trump is also out of the Forbes 400 list, the annual ranking of America’s richest people. Trump’s estimated net worth of $2.6 billion is $300 million less than the baseline for inclusion on the list.

How does Donald Trump make money?

Donald Trump’s primary sources of income range from his real estate developments in New York to golf courses and hotels around the world. A $500 million stake in 1290 Avenue of the Americas, an office building in Manhattan, is one of the largest assets in the Trump empire. According to Bloomberg, he also has liquid assets worth $600 million, while his Trump National Doral Miami golf resort is worth about $300 million.

Why has Trump’s wealth declined?

Donald Trump’s net worth has taken a hit, with various factors contributing to the decline. The pandemic has adversely impacted some of their real estate properties, especially office buildings, which are facing lower demand amid the rise in remote working, post-Covid. This caused his value to drop by $170 million.

Legal penalty imposed on Donald Trump

Donald Trump is facing millions of legal fines due to several legal cases filed against him after becoming President. Last month, a Manhattan judge ordered him to pay a fine of more than $350 million. The decision comes less than a month after a jury ordered Trump to pay $83.3 million in damages in a defamation case. Trump was previously ordered to pay $5 million in damages to Carroll.