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Heading the American political game has taken a toll on U.S. President Donald Trumpís purse, new figures have shown. According to the Forbes annual list of world billionaires, even since taking up residence in the White House, Donald Trumpís worth has plunged $400 million. According to Forbes, itís the second year in a row the President has taken a tumble on the elite ranking of the richest of the rich. It said in its report that Trumpís worth tumbled about $400 million ó down to an estimated $3.1 billion ó since entering politics. In its 2017 ranking, Forbes estimated that Trump lost around $1 billion in net worth. Last year, Trump held the 544th spot, but in the latest list, Trump has dropped to the 766th spot. Commenting on Trumpís decline in wealth, the financial magazine said in its report that decline could be attributed to ďa tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign.Ē According to Forbes, Trump Tower, the Presidentís Fifth Ave. home and namesake high-rise, lost an estimated $41 million in value last year....Read more
By Sheetal Sukhija | Wednesday March 7, 2018
Since taking office, Trump's worth has dropped $400 million