After months of scouring property records, inspecting financial disclosures and interviewing 62 of the president’s colleagues, partners and industry observers, Forbes estimates that Donald Trump is still worth $3.1 billion.
Trump falls 119 on Forbes ranking over presidency period
STEPANAKERT, OCTOBER 3, ARTSAKHPRESS: It’s the second straight year the president’s fortune has remained flat on our annual ranking of America’s 400 wealthiest people, even as many of Trump’s billionaire peers have gotten richer.
He is now the 275th-richest person in America, by our count. That’s 16 spots lower than where he ranked a year ago and 119 places lower than where we had him before he became president.
Not that Trump’s fortune is static. His branding businesses, for instance, are in steep decline. Real estate developers are no longer signing up to put the Trump name on their properties, and existing customers have scraped the brand from projects in places like Toronto and Panama. Forbes estimates that Trump’s real estate licensing business, which is further limited by his pledge not to do foreign deals while in office, is worth about $80 million today, down from $170 million a year ago.
Meanwhile, the value of the president’s product licensing operation—which earns money by putting the Trump name on goods such as shirts, ties and mattresses—is approaching zero. In 2016, before Trump became president, it was worth an estimated $14 million.