Couldn't happen to a nicer family...
http://samuel-warde.com/2018/03/trumps-personal-wealth-crashes/Citing Forbes “The Billionaires 2018,” The Guardian noted that Trump “slipped from 544th richest last year to 766 this year. It is the second year running that Trump’s fortune has dwindled.”
The Guardian went on to explain the lowered ranking, as follows:
The drop in Trump’s estimated fortune comes on top of Forbes wiping $1bn off his net worth in its 2017 rankings. The magazine attributed the decline in Trump’s wealth to “a tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign”. Trump reached a $25m settlement in a legal dispute about claims that his Trump University real estate courses allegedly defrauded students.
Loses at his golf courses, including Turnberry in Ayrshire, have increased forcing the President to inject cash to keep them afloat. Losses at Trump Turnberry, his biggest investment outside of the US, more than doubled to £17.6m in 2016. Trump Turnberry owes Trump £112m, nearly double the £63m it owed him the previous year.
Trump’s golf resorts and real estate empires have taken several major hits since he announced his candidacy for president in 2015.
We will detail three such instances, below:
Strike One: Trump Loses The British Open
The Independent reported in December 2015 that Martin Slumbers, the new chief executive of the Royal and Ancient Golf Club of St Andrews, had been expected to endorse Trump’s course to host the 2020 Open Tournament, but decided not to after Trump’s slew of racist remarks about the Chinese, Mexicans, Muslims, and women dominated the news that year. As The Independent reported, increasing concerns regarding the risk of boycotts by tournament sponsors and players proved to be too much for the prestigious governing body.
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