Donald Trump’s net worth falls by $300m in a year

Declines in the value of the president’s office building at 40 Wall Street, his iconic Trump Tower on Fifth Avenue and properties owned jointly with Vornado Realty Trust accounted for some of the biggest hits to his net worth. 

The net worth of President Donald Trump has declined $300m (€254m) in the past year to $2.7bn, erasing 10% of his fortune since he took office, according to the Bloomberg Billionaires Index.

The drop marked the sharpest decline since Bloomberg began tracking his fortune in 2015. It started with a decrease in income across the Trump Organisation’s portfolio of office buildings and was compounded by the coronavirus pandemic’s impact on property markets.