President Donald Trump’s businesses lost $100 million over the past year, with revenues sinking at Trump Tower and his golf courses — though he’s still a billionaire with a net worth of roughly $2.8 billion.
The drop, his second in two years, was based on figures compiled by the Bloomberg Billionaires Index from lenders, property records, annual reports, market data and a May 16 financial disclosure, the news service reported.
During the same period, his once-hugely marketable brand has also taken a hit as assorted scandals and controversies prompted the owners of buildings from Manhattan to Toronto and Panama to strip his name from the edifices.
The most recent estimate, down from $2.9 billion last June, is the lowest since Bloomberg began tracking Trump’s wealth in 2015.
The biggest declines, totaling $220 million, came from adjacent buildings in midtown Manhattan — 6 E. 57th St., which had housed a Niketown store, and Trump Tower, where lower occupancy resulted in less income.