Trump's Net Worth Fell $600 Million

News24xx.com - Donald Trump’s net worth fell by $600 million in the past year, as he counts the cost of his 2016 campaign and the fallout from being a historically unpopular president.

Trump’s net worth now stands at $3.1 billion, down from $3.7 billion 12 months ago, according to Forbes’s annual list of the richest Americans, released Tuesday. Trump fell 92 places on the list, down from No. 156 to No. 248.

Trump’s finances have long been the subject of much interest and uncertainty, with the president controversially breaking precedent and refusing to release his tax returns. Forbes estimated his finances from financial disclosures, property records and a number of interviews.

The biggest hit to Trump’s finances, the publication reports, was to the billionaire’s real estate portfolio, partly because of the struggling New York real estate market. The valuations of several of Trump’s high-profile luxury buildings, led by Trump Tower on Fifth Avenue, have dropped, knocking $400 million off the president’s net worth.

Although Trump's worth declined, the number of ownership of the richest people in the US generally rose rather than last year.*

news24xx.com/bara