As of October 2020, Forbes estimates President Donald Trump’s net worth to be $2.5 billion — a drop of $600 million from the previous year. He now ranks as No. 339 on The Forbes 400, down 64 spots from a year ago.
Real estate holdings have plummeted
The dip in Trump’s overall net worth is largely due to the coronavirus and the impact it has had on the industries in which he holds his biggest assets. Values for office buildings and hotels have plummeted. His properties in D.C. and Chicago appear to be underwater, while Doral, his golf resort in Miami, has lost 80% of its value in a year, Forbes reported. Still, he has some very valuable assets, including garages in New York City, the Mar-a-Lago Club in Florida and three nearby homes.
A businessman and former reality television star, Trump’s path to wealth was very different than that of your typical politician. Read on for a better understanding of how Trump built his fortune.