Forbes: Amazon Caused Trump To Lose $400 Million In Net Worth
Amazon Caused Donald Trump to Lose $400 Million in Net Worth, Says Forbes
Retailers are suffering, and it’s having an effect on New York City’s real estate values.
President Donald Trump’s net worth declined by more than $600 million in the past year, according to the Forbes 400 List of the richest people in America. However surprising Trump’s loss may be, the reason for it is even more unexpected. Trump’s real estate holdings, specifically those in New York City, have taken a big hit in the past year, as retail values are struggling in response to Amazon’s e-commerce gains.
According to Forbes research, the president is worth $3.1 billion, down from $3.7 billion …