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Thursday, 29 September 2016

Trump's fortune drops $800m in one year

Trump
Mr Trump likes to remind voters of how he is 'self-financing' his campaign
"Part of the beauty of me is that I'm very rich," Donald Trump once said, but according to Forbes magazine he's much less rich than a year ago.

The business magazine has reappraised the Republican White House hopeful's personal wealth and found it has haemorrhaged $800m since 2015. Forbes now estimates the real estate magnate's net worth at $3.7bn (£2.7bn).
The new Trump hotel in Washington DC
Earlier this year a new Trump hotel opened in Washington DC, just down the road from the White House
The publication said the decrease was mainly due to the "softening" of the New York property market.
Ivana and Donald Trump in 1989
Ivana and Donald Trump in 1989

Mr Trump, who once wrote a book called Midas Touch, has said the country needs a dealmaker-in-chief in the White House.

At Monday's presidential debate, he said: "I have a tremendous income … it's about time that this country had somebody running it that has an idea about money."