Donald Trump's foray into politics has helped more than hurt his bottom line, notably in terms of properties and assets that are being examined in civil court.
's civil fraud trial playing out in New York, the former president received some additional bad news about his net worth.400—the second time in three years the ex-president has fallen under the monetary value necessary to make the list of the richest people in the United States. His net worth is also down $600 million compared to last year.
Other factors hitting Trump's wallet are building properties affected for different reasons that have plummeted an estimated $170 million. The story is similar at 1290 Avenue of the Americas in New York, another Vornado-controlled property in which Trump has a 30 percent stake. Even while close to 100 percent occupancy at the moment, Equitable Holdings—a longtime tenant—is moving up the street next year and ditching its rent on 450,000 square feet.
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