U.S. President Donald Trump’s business lost $1 billion due to quarantine measures and a drop in activity in his main economic sectors, Forbes magazine experts said on Tuesday, April 7.
“A month ago we estimated the condition of U.S. President Donald Trump at $3.1 billion, now at $2.1 billion,” the publication says.
The calculations were based on changes in share prices in the segments in which his company operates. Commercial real estate is currently in crisis. March 1-18, shares of several companies, in particular, Boston Properties and Vornado Realty Trust, fell in price by an average of 37%, while a large share of Trump’s companies are working in this area.
In addition, trade and office real estate in New York and San Francisco also suffered losses. Trump also owns residential real estate and has fallen from $235 million to $148 million in a month.