How did Trump’s wealth change during his presidency?

According to reports EconomyNews According to Asra Iran, Trump’s 7 planes in 2015 were estimated at $ 59 million and the value of his 5 planes in 2020 was estimated at $ 6.5 million.

Donald Trump’s net worth fell by about $ 700 million to $ 2.3 billion during his presidency.

During the Corona epidemic, office buildings, brand hotels and Trump leisure and commercial centers lost revenue and depreciated, the BBC reported.

Trump’s fleet and golf clubs also saw their revenue and property prices plummet.

Trump is currently under legal investigation for financial and family business issues.

Trump’s commercial assets make up about three-quarters of his net worth. As the corona spread and telecommuting increased, Trump’s administrative towers were emptied or lost their commercial value and revenue. The trend of telecommuting in the United States is likely to continue for a long time, and this trend of declining revenue from these towers could continue for him.

Bloomberg, which provides financial news and data, estimates that the former president’s major and commercial assets have lost 26 percent.

Trump also owns, manages and licenses decades-old hotel and resort complexes and 19 land bears under his name.

Although golf became popular as an outdoor sport during the outbreak of the Corona epidemic, the available documents indicate the continuing loss of two Trump golf courses in Scotland.

Following the attack on Trump’s Capitol or Congress building in January, the Professional Golfers’ Association terminated its agreement to host the New Jersey Trump Golf Championship. An agreement hits their brand.

Trump called the tax evasion allegations “fake news.”

Trump's wealth decline

Deutsche Bank, the only bank to lend to Trump after his bankruptcy in 1990, has cut ties with Trump following the riots in the US Capitol.

Trump also has an air fleet, including a Boeing 757. According to Bloomberg Financial Revelations, these planes are decades old and their value has decreased in recent years.

Trump’s 7 planes were valued at about $ 59 million in 2015 and his value in 2020 was estimated at $ 6.5 million. The value of Trump planes has declined over the years. Part of the decline is because Trump has sold some of his planes and aircraft.

Legal investigation

Trump’s finances have been in the spotlight during his presidency, and he is accused of being very secretive about tax payments.

Last month, the Supreme Court ordered Trump to file his tax return and other records with the New York prosecutor.

Prosecutors have been trying to obtain Trump’s tax and personal statements for the past eight years in recent months.

An investigation has been launched into Trump’s financial records in 2018 to investigate his organisation’s role in the hasty payment of money to two women during the 2016 presidential election. Both women said they had sex with Mr. Trump and were paid to remain silent before the 2016 election.

Book or social structure

As a former president, Trump can wait for some lucrative media deals, such as post-presidential notes, to recoup some of his wealth.

Former President and First Lady Barack and Michelle Obama reportedly earned about $ 65 million to publish their memoirs. Bill Clinton paid about $ 15 million in advance to publish his book in 2004.

Bloomberg says the most obvious way Trump can benefit from the presidency is to have a news channel or social platform for the 74 million supporters who voted for him in the 2020 election.