Donald Trump, the outgoing president of the United States, will leave Washington with $ 500 million less in his fortune, given the day he first stepped into the White House.
According to Bloomberg’s millionaire index, Trump would have a fortune valued at $ 3 billion in 2016, and ends his term with a fortune of $ 2.5 billion.
A Trump Organization, which is run by his sons Eric and Don Jr., has been battling the devastating consequences of the pandemic even before the attack on Congress. After that, the situation got worse. Efforts to sell your hotel in Washington have returned to the drawer, your office buildings have lost value in Manhattan and your golf courses are losing customers, at a time when new generations are losing interest in the sport.
Despite rising stock prices and their own tax cuts, their buildings are burdened with debts of more than $ 1 billion.
And trying to refinance this debt would mean finding creditors and companies willing to work with the former president who was twice impeached, something that is not on the company’s agenda.
Joe Biden takes office on Wednesday afternoon. Trump will not be present.
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