The value of Donald Trump‘s assets has fallen considerably in the four years he was President of the United States. According to the Bloomberg Billionaires Index, his net assets fell from $3 billion to $2.3 billion, as his commercial real estate and hotels have become worth a lot less. The coronapandemic has given his company a big slap in the time when he was personally unable to lead because of his presidency.
In addition, the storming of the Washington Parliament building damaged its brand name, reports Bloomberg, which compiles the index. Trump was accused of harassing his constituents. After his election defeat, he insisted that he had lost to the Democrat Joe Biden by fraud. Five people were killed when protesters invaded the Capitol when the election results were approved there on 6 January.
The Trump brand was also damaged by the two impeachment processes against him. In mid-February, however, the United States Senate released him from inciting an insurrection in the second trial. There was insufficient support to condemn the Republican former president.
Bloomberg notes that Trump has often come back from difficult situations. Thus, the economic recovery of the coronapandemic could increase the value of its property again. The Trump Organization didn’t want to comment on the coverage.
There has been a huge shift in the White House now that Joe Biden is in power, says foreign editor Frank van Vliet in the Amerikapodcast ‘Uncle Joe — a look at the US’: