Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Forbes has been examining Trump's wealth since the 1980s (this pic is from 1996) Associated Press
softening market

Donald Trump has lost $800 million in the past year, Forbes magazine reckons

He’s still worth almost $4 billion though.

FORBES MAGAZINE ESTIMATES that Donald Trump has lost $800 million over the last year. 

An investigation by the magazine puts his fortune at $3.7 billion. The journalists who carried out the research put the drop down to a softening of the New York property market.

The financial publication has cast doubt on claims by his critics that Trump’s tax returns, which he has failed to disclose, will show that he’s not a billionaire:

Forbes has been scouring Trump’s fortune for 34 years. Sometimes he’s up, sometimes he down–and for much of the 1990s he was out of the three-comma club.

However, a close examination of 28 of his properties shows  that 18 declined in value “including his trademark Trump Tower on Manhattan’s Fifth Avenue, his downtown jewel 40 Wall Street and Mar-a-Lago, his private beachfront club in Palm Beach”.

In recent decades, revealing tax returns has become standard for White House hopefuls. However, the Republican nominee has long refused to do so.

“I will release my tax returns – against my lawyer’s wishes – when she releases her 33,000 e-mails that have been deleted,” Trump responded when pressed on the issue in Monday night’s debate with Democrat Hillary Clinton.

His opponent shot back that such a challenge was “another example of bait and switch,” noting that presidential candidates for the last four decades had released their returns.

“I have no reason to believe that he’s ever going to release his tax returns, because there’s something he’s hiding,” she added.

Maybe he’s not as rich as he says he is.

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
77
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.