President Trump’s business empire is worth $2.8 billion as of May following a 3 percent decline from an analysis done last year, according to a study published Thursday.
Trump’s real estate empire was valued at $100 million less in May compared to last year’s $2.9 billion estimate, according to Bloomberg’s report.
The slip in the president’s financial worth was due to drops in profit at several of his golf courses and Trump Tower property in Manhattan, the report said.
The Trump Organization reported a $70 million drop in value of its 16 golf and resort properties.
The current evaluation is the lowest since the business outlet began tracking it in 2015. Trump is not included in the world’s 500 richest people, as the lowest net worth of people on that list is $4 billion.
