Summary List Placement
Former President Donald Trump dropped 298 spots in Forbes’ Billionaires list, which was released Tuesday.
Trump sat at the No. 1,001 spot in 2020 and now holds the 1,299th place in the publication’s annual list, which ranks the world’s billionaires. As Forbes notes, Trump has actually grown richer since this time last year, but others on the list saw their fortunes expand even more. He is worth $2.4 billion by Forbes’ estimates.
The pandemic — as well as the controversy surrounding impeachments against him and other political snafus — have marred his commercial real estate business, a market that has taken a hit during the health crisis-driven shutdowns. About 75% of his income comes from his commercial real estate assets, including revenue from resorts and golf clubs, according to Bloomberg’s Billionaires Index.
Read more: The Manhattan DA’s office picked up the pace of its investigation into Trump’s finances once it hired a prosecutor who used to pursue mob bosses, a cooperating witness says
His Manhattan properties, in particular, rake in a large chunk of revenue for him, a stream of income that has been interrupted by an upended New York real estate market.
Over the four …read more
Source:: Businessinsider – Strategy