The presidency isn’t doing Donald Trump’s fortune any favors.
President Trump’s net worth has dropped an estimated $400 million to $3.1 billion one year after he took office, according to Forbes. Although down 222 places on Forbes World’s Billionaires List, he remains on the outlet’s Richest Americans list that was released in October.
Forbes blames markets and the president’s “polarizing” personality for his fortune’s decline.
The reason for the fall: his properties have tanked. Fifth Avenue Trump Tower fell $41 million last year, and his property at 6 East 57th Street is losing Nike as a tenant. Trump’s hotel licensing and management company dropped an estimated $50 million last year, according to Forbes.
As for his golf clubs, revenue seems to be up in states that voted for Trump, but down in states that swung for Hillary Clinton, Forbes said.
Despite the fortune dip, Trump remains the richest president in U.S. history.