Trump’s problem with coronavirus: he lost $ 1 billion

US, WASHINGTON (ORDO NEWS) — The total value of assets owned by US President Donald Trump, due to economic damage caused by the spread of the new coronavirus, fell by about $ 1 billion to $ 2.1 billion. Such estimates are given in an article published on Thursday in Forbes magazine.

Employees of the publication estimated that on March 1 the state of the American leader exceeded $ 3.1 billion. By March 18, it had decreased to about $ 2.1 billion. The main factor was the reduction in the value of Trump’s real estate.

The publication notes that the stock price of companies is now changing rapidly. Because of this, the state of the American leader will also change.

According to the publication, one of Trump’s most valuable assets is commercial real estate in downtown New York, including the space that is leased for offices.

Currently, residents of the largest US metropolis are ordered not to leave home unnecessarily. Because of this, business activity in the city decreased significantly.

According to Forbes estimates, as a result, the property owned by the US president fell from about $ 1.9 billion to $ 1.2 billion.

The material says that the head of the American administration also owns about 500 residential properties throughout the country. Their total cost, according to the magazine, from March 1 to March 18 decreased from about $ 235 million to $ 148 million.

In addition, hotels, resorts and golf courses owned by the American leader fell in price. According to Forbes, Trump also had on March 1 cash of about $ 160 million. This amount has not changed by March 18.

Even before the inauguration, Trump said that he left all posts in his Trump Organization to transfer them to the management of his sons Donald and Eric.

At the same time, Trump did not get rid of his companies, as this, according to lawyers, would mean selling them for nothing at the expense of the interests of other family members.

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The article is written and prepared by our foreign editors from different countries around the world – material edited and published by Ordo News staff in our US newsroom press.