/ world immediately information/ American President Donald Trump fell 220 locations within the rating of billionaires, ready by Forbes journal.
With a fortune of $3.5 billion, he fell to 554th place in 2016. Trump misplaced a complete of $1 billion final 12 months.
The principle share of the decline journal believes that it’s because of the sluggishness of Trump’s corporations in actual property markets. “Forbes” remembers that 40% of Trump’s wealth is related to Trump Tower and eight buildings positioned lower than 2 kilometers across the tower.
Trump additionally misplaced $66 million on his marketing campaign, in addition to $25 million to settle lawsuits with college students who accused him of illegally charging them charges at his college.
He’s additionally believed to have suffered heavy losses by refusing to play the inventory market after his election as president. /AFP
Washington / USA
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