It has certainly been a tough year for the former president with the pandemic and impeachment, Donald Trump’s list of nightmares keeps on increasing as he can now add his plunging net worth to that list. Trump’s estimated net worth this year has taken a dive of about $600 million to his net worth in last September being $3 billion.
About: Donald Trump’s Early Life
Born and bred in Queens, New York City, Donald Trump first enrolled at Fordham University and later transferred to the University of Pennsylvania. In 1968, he graduated with a bachelor’s degree in economics.
Soon, Trump came to be the president of his father’s firm in real estate and sometime later switched the name of the business to The Trump Organisation. He then steadily made strategies to expand his business operations and rapidly started dabbling in a few other projects such as building and refurbishing establishments like skyscrapers, hotels, golf courses, and many more.
Furthermore, his business ventures have resulted in the firms entangled in nearly more than 4,000 lawsuits comprising of the state as well as federal. Trump also left behind a trail of almost six bankruptcies claims.
Back in 2017, before Trump started his term as the 45th President of the United States of America his total net worth was estimated to be 3 billion dollars which however after his not-so-well appreciated stint as the President has started gradually sinking.
Donald Trump Net Worth 2021: Beginning Of Downfall?
Trump’s spewing out fictitious allegations in the election of 2021 has possibly been reason enough for his net worth to plunge farther.
The former president had made the headlines of many newspapers last year during the election period. He accused the electoral system with plenty of made-up allegations like charging the election of 2021 with fraud as well as sporting various kinds of lies to his supporters who showed their support by storming in the building of Capitol.
Moreover, after the insurrection incident on January 6, 2021, Trump’s prior proud and well-acquainted supporters started keeping their distance from him. This can may well have adversely affected Trump’s number of business operations negatively since his net worth took a huge fall and landed up to 2.4 billion dollars from his previously estimated net worth of 3 billion dollars, as per the reports by Forbes.
Nonetheless, Trump is presently standing at 339th position in the list of Forbes 400 2020 whereas his rank in the Forbes charts of Billionaires 2021 is at the 1299th position.
Donald Trump: The Reason For His “Massive” Decline
Donald Trump’s presidency duration has certainly not been all of roses and flowers and supervised contemplated judgments, but the period can be a great reminder of his blatant filled racial comments and plenty of lawsuits. Trump’s presidency had raised many questions and suspicions among the citizens of America of how the deaths of many Americans would have been avoided if he wouldn’t have toned down the results of the global pandemic.
The drastic decisions made by the President gave rise to several protests which comprised not only the common folks but also various big names from several industries of walks of life made sure to voice their support against the ruling.