Former President Donald Trump’s net worth has dropped by $700 million, according to a lengthy new Bloomberg report on his finances.
Trump’s net worth dropped from $3 billion to $2.3 billion since he became president, according to the Bloomberg Billionaires Index, as the pandemic hit his company and the Capitol attack wounded his brand.
“His financial disclosures and loan documents, interviews with former executives and industry analysts, and a host of legal fights and investigations reveal just how much trouble Trump and his company could face,” wrote Bloomberg’s Sophie Alexander and Max Abelson. “Covid has been hard on office buildings key to his wealth and hotels and resorts that bear his name.”
The report pointed to the