US President Donald Trump's Property Declines Drastically

 19 Oct 2017 ( IBTN News Bureau )
POSTER

US President Donald Trump's property has been reported to have been a major drop. This is due to the recession in property prices across the globe including the US.

Donald Trump is America's first billionaire president in addition to being a US-based builder.

Rating released by International magazine Forbes, Trump is ranked 248 in the rich Americans' list. Their assets are $ 3.1 billion (about Rs. 201 billion).

In the list of Forbes last year, he was ranked 156 in the list of rich Americans. Then their total assets were 3.7 billion (about 241 billion rupees) billion dollars.

In this way, in the list of wealthy American citizens in a year, the trump has dropped down by 92 points and their property has fallen to about $ 600 million, or about 40 billion rupees.

As the presidential candidate, Trump had told his total property 10 billion dollars, but in September 2015, Forbes had estimated his property at $ 4.5 billion.

According to Forbes data, Trump's assets have declined by 31 percent in the past two years.

According to Forbes, half of Trump's property comes from New York City Real State.

According to Forbes, the prices of luxury real estate have been significantly declining in recent years. It has an impact on Trump's property. Trump Tower, owned by President Trump, has fallen significantly since the property prices declined.

According to Forbes, Trump's golf property prices have also dropped considerably. In addition, Trump spent 66 million dollars in the election campaign.

Not only that, Trump has to spend $ 25 million in settling a lawsuit. The lawsuit was filed by Trump University students.

 

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