Trump's net worth drops $ 1 billion due to coronavirus

Trump's net worth drops $ 1 billion due to coronavirus
  • Clock-gray 19:58
  • calendar-gray 02 April 2020

To approximate how much the coronavirus affected the president’s fortune, we looked at changes in the price of stocks similar to each segment of his business. Commercial real estate was clearly down, with shares of several companies, including Boston Properties and Vornado Realty Trust, plunging an average of 37% from March 1, 2020, to March 18, 2020, the date we calculated fortunes for the billionaires list. Similar decreases dragged down the value of hospitality companies, apartment owners and golf businesses. Using those declines as a guide, we applied discounts to Trump’s precoronavirus numbers, then reviewed the changes with industry experts, APA reports citing Forbes.

The bottom line: a net worth valuation of $2.1 billion—a drop of $1 billion in less than a month. That will surely change again, as every index performs like an electrocardiogram. But, says New York City real estate broker Eric Anton, “The analysis, it’s as good as any other way I can think of.”


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