After starting the global trade war, US President Donald Trump caused damage to many parties, including himself. Trump’s assets shrank from 4.7 billion dollars to 4.2 billion dollars, reports the “Adyrna” national portal, referencing Forbes.
Trump’s biggest loss is linked to his most valuable asset — the Trump Media and Technology Group. Over the last three trading days, the company’s stock dropped by 8%, reaching its lowest price since October. Trump’s stake in the company decreased from 2.2 billion dollars to 2 billion dollars, resulting in a loss of about 170 million dollars.
Trump’s commercial real estate has depreciated by around 90 million dollars. The stocks of Vornado Realty Trust, a company that partnered with Trump, dropped by 14%. Shares of SL Green, a major real estate company in New York, fell by 15%. Trump’s portfolio, which includes Vornado, Trump Tower, and 40 Wall Street, is now valued at 570 million dollars. This is considerably less compared to 660 million dollars last week.
Stocks of companies such as Vail Resorts, Soho House, and Topgolf Callaway Brands, linked to Trump’s golf clubs, dropped by more than 15%. This caused another 70 million dollar loss in his net worth.
If Trump’s hotel assets in Miami, Chicago, and Las Vegas lose 16% of their value, he could face an additional 65 million dollar loss.
Additionally, with the housing market down by 13%, the portfolio of dozens of apartments Trump owns has shrunk to 20 million dollars. There is also an expected 32 million dollar loss in the luxury real estate market.
According to Trump’s latest financial statement, he holds various bonds and some stocks, including a stake in Blue Owl Capital, a company working in the private lending sector, worth between 5 to 25 million dollars. The company’s shares have fallen by 22%.
The biggest risk for Trump is not import tariffs, as his companies do not produce long-term consumer goods. The main risk is losing the confidence of global investors. The more uncertainty Trump brings to the global economy, the more his net worth will continue to decline.
