Elon Must and US President Donald Trump. Photo | courtesy.
Following president’s Trump announcement of new tariffs,Trump’s net worth has dropped by an estimated $500 million in under a week falling from $4.7 billion to $4.2 billion, according to Forbes estimates.
The decline comes as markets react to uncertainty spurred by Trump’s trade policy.
The biggest hit came from Trump Media & Technology Group, the most valuable asset in his portfolio.
The company’s stock fell 8 percent over three trading sessions, pushing the value of Trump’s stake from $2.2 billion to $2 billion a $170 million loss.
Forbes estimates a $90 million decline in value of real estate, based on comparisons with publicly traded property companies like Vornado Realty Trust down 14% since the tariff announcement and SL Green, which dropped 15% over the same period.
ALSO READ: Trump’s China Tariffs Could Drive iPhone Prices Up By 43 Percent
Trump’s real estate portfolio, which includes flagship assets like Trump Tower and 40 Wall Street, is now estimated at $570 million, down from $660 million.
Golf and leisure properties are similarly exposed. Though few comparables exist for Trump’s private golf resorts, similar luxury leisure companies such as Vail Resorts and Soho House have declined over 15 percent.
A parallel drop in Trump’s golf assets would shave another $70 million off his net worth.
His flagship hospitality asset, Trump National Doral in Miami, and other hotel-condo holdings in Chicago and Las Vegas, may also be vulnerable. If these assets dropped by 16%, Trump would see another $65 million in losses.
Residential real estate, another core holding, is trending downward too. Publicly traded apartment companies have declined 13 percent on average. If Trump’s apartment units followed suit, that would mean a $20 million loss.
Even Trump’s so-called “trophy assets” including his penthouse at Trump Tower and the Mar-a-Lago estate aren’t immune. Luxury real estate tends to be more stable, but a conservative 5 percent haircut would trim an estimated $32 million.
The fallout also extends to Trump’s cash and alternative investments.
Though diversified bond and equity positions offer some cushion, recent windfalls from crypto ventures including the $TRUMP coin and the World Liberty Financial project, reportedly worth a combined $575 million are more volatile.
If a portion of these gains was stored in Ether, which has dropped 45 percent since Trump’s son Eric endorsed it in February and 18 percent after the tariff announcement the potential loss could be another $32 million.
While Trump’s businesses don’t rely heavily on imported goods, the broader market reaction and erosion of investor confidence pose the greatest threat.
