Luxuswohnung in New York
Ronaldo loses millions because of Trump
Cristiano Ronaldo (37) has gambled on the New York real estate market. The corona pandemic is to blame for this – and ex-US President Donald Trump (75).
Published: 02/24/2022 at 8:19 p.m
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Hair transplant clinics, hotels and fashion labels – Cristiano Ronaldo has long since become a businessman and investor.
For the most part, the Portuguese moves just as skillfully on the business floor as on the soccer field. He only speculated in the real estate sector: As the Spanish newspaper Expansion reports, Ronaldo made a loss of 11.3 million dollars by investing in a luxury apartment in New York. He bought the nine-bedroom, three-bathroom condo for $18.5 million in 2015 and sold it last November for $7.2 million.
One reason for the loss in value is the corona pandemic, which resulted in a “flight” from the Manhattan district. In April 2021, almost three times as many apartments were available as in the previous year. An additional offer that puts pressure on the price.
Still, he has no money worries
The second reason for Ronaldo’s loss is Donald Trump. Because the apartment is in Trump Tower, which still belongs to a company owned by the ex-US President. During his tenure from 2017 to 2021, apartments and offices in Trump Tower fell in value massively. Blame it on his unpopularity in New York City.
Even Ronaldo did not find a buyer for the apartment at his original selling price of 9 million dollars and had to be satisfied with a good 7. But that doesn’t mean he’s starving: According to Forbes, Ronaldo earned 120 million dollars last year alone. (cmu)
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