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Forbes: Trump Lost $800 Million in 2015

Forbes: Trump Lost $800 Million in 2015

 (AP)

By    |   Thursday, 29 September 2016 11:11 AM

Donald Trump lost $800 million in 2015 to bring his net worth down to $3.7 billion, Forbes Magazine reported.

Forbes looked closely at the real estate mogul and Republican presidential nominee's wealth and found that 18 of the 28 assets - or asset classes - investigated lost value, with seven increasing in value. Three of his most high-profile properties — Trump Tower, 40 Wall Street, and Florida's Mar-a-Lago — all went down.

Trump also loaned his campaign $55 million in cash, which Forbes doubts he will get back.

Forbes pegs Trump's worth at $3.7 billion, making him the 324th richest person in the world and the 113th wealthiest in the United States.

Trump has made just one deal in 2016, the purchase of a warehouse in Charleston, South Carolina, nearly 50 years old. The building was in foreclosure and was partially owned by Donald Trump Jr. before the elder Trump bought it.

Forbes also refutes Trump's claim from Monday night's presidential debate that he made $694 million last year. The website reports that Trump's FEC filing did not show that number, and that he mixed income and revenue over a 17-month period to come up with that figure.

The Forbes article contains a breakdown of each of Trump's assets or asset groups (such as his golf courses), listing basic financial information like the total value, debt, and net value for each.

Newsweek reported Thursday that Trump secretly conducted business with Cuba during the Fidel Castro regime, which was against the law because of the Cuban embargo.

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Donald Trump lost $800 million in 2015 to bring his net worth down to $3.7 billion, Forbes Magazine reported.
Forbes, Trump, Lost, Almost, Billion
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2016-11-29
Thursday, 29 September 2016 11:11 AM
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