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Donald Trump's net worth slips to $2.9 bn

Trump's net worth is estimated at $2.9 bn, compared with $ 3 bn a year ago

Caleb Melby | Bloomberg 

Donald Trump’s office properties aren’t bringing in as much cash as banks that loaned him money had expected. That’s the biggest finding in an updated assessment of the president’s net worth, which has slipped to $2.9 billion, according to the Bloomberg Billionaires Index, down from $3 billion a year ago. The calculation, five months after Trump’s inauguration, relies on figures compiled from lenders, mortgage documents, annual reports, market data and a new financial disclosure released June 16. The decrease is driven mostly by a drop in the value of ...

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First Published: Thu, June 22 2017. 01:22 IST