Trump Lost A Quarter of His Assets During Presidency
The value of Donald Trump’s assets has fallen significantly in the four years he was president of the United States.
According to the Bloomberg Billionaires Index, his net worth fell from $ 3 billion to $ 2.3 billion as his commercial real estate and hotels have lost value. The corona pandemic seriously affected his company when he was unable to lead personally because of his presidency.
In addition, the storming of the parliament building in Washington has damaged its brand name, according to Bloomberg news agency, which compiles the index. Trump was accused of inciting his supporters.
He insisted after his election defeat that he had lost to Democrat Joe Biden through fraud. Five people were killed when protesters raided the Capitol when the election results were approved there on Jan. 6.
The two impeachment lawsuits against him also damaged the Trump brand. In mid-February, however, the US Senate cleared him of instigating an uprising in the second trial. There was not enough support to condemn the former Republican president.
Bloomberg notes that Trump has often come back strongly from difficult situations. For example, the economic recovery from the corona pandemic could increase the value of his properties again. The Trump Organization declined to respond to the report.