#Forbes estimates Trump’s loss for the month from a #coronavirus pandemic at $ 1 billion
Tuesday, 07 April, 2020, 11:55
Due to general quarantine measures, US President Donald Trump’s business lost $ 1 billion, Forbes magazine experts estimateThe valuation of the assets of US President Donald Trump over the past month fell by $ 1 billion due to the coronavirus epidemic and a fall in activity in key sectors of the economy, the magazine calculated Forbes.“A month ago, we estimated the condition of US President Donald Trump at $ 3.1 billion. Now – at $ 2.1 billion,” the newspaper writes.The assessment of the capitalization of the assets of the President of the United States was conducted on the basis of changes in stock prices in the segments in which his companies operate. Magazine experts noted that commercial real estate is undergoing a crisis due to the coronavirus pandemic. From March 1 to March 18, shares of several development companies, including Boston Properties and Vornado Realty Trust, fell by an average of 37%, and a large share of Trump companies work in this area.
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