Presidential races

Forbes: Trump’s fortune down $800M


Donald Trump’s fortune has shrunk $800 million since last year, according to a Wednesday report from Forbes, which pegs the GOP presidential nominee’s worth at $3.7 billion.

{mosads}New York City’s real estate valuations are trending down, the magazine said, particularly in office and retail, shrinking Trump’s estimated purse.

Forbes, which says it’s “been scouring Trump’s fortune for 34 years,” scrutinized 28 assets or asset classes belonging to Trump, finding 18 had declined in value.

Trump’s diminishing assets, it said, include Trump Tower on Fifth Avenue in midtown Manhattan and 40 Wall Street in downtown New York City.

Another property with dropping value is Mar-a-Lago, Trump’s private beachfront club in Palm Beach, Fla.

Hillary Clinton, Trump’s Democratic presidential rival, has frequently criticized him for not publicly releasing his tax returns and clarifying his business record. Clinton says Trump may be paying little or nothing in taxes or that he may have questionable overseas investments.

Trump has countered he is under an IRS audit and will publish the documents once it concludes. The IRS, however, has said its audit does not prevent the billionaire from releasing his tax returns.

Clinton’s allies, meanwhile, have seized on Trump’s reluctance over his tax returns as proof he lacks transparency.

Senate Minority Leader Harry Reid (D-Nev.) said last week Trump’s failure to release the documents shows he is “faking” his net worth.

Tags Business Donald Trump Forbes Harry Reid Hillary Clinton Money Politics Republicans

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