Donald Trump’s brands have lost $800 million over the past year, according to BBC report published Thursday. The Republican nominee’s substantive losses are due to the “softening” of New York City’s property market and contracts lost due to his presidential candicacy.
The politician is currently worth $3.6 billion, according to Forbes, who has tracked his wealth value for three decades. The finance magazine assessed the values of 28 of his buildings and found 18 had declined in value since 2015, including Trump Tower in Manhattan and Mar-a-Lago in Palm Beach, Florida.
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Trump has also taken a hit to his personal account having paid his campaign $50 million. Some of that money has been made back as a result of the campaign using the Trump Tower for its offices and billing the Republican National Committee.
But Trump’s sometimes controversial statements have also cost him business contracts and support from consumers. His fallout with Macy’s department store, NBC Universal and Univision cost him $100 million in deals.
Despite the hit Trump’s finances have taken, the businessman is keeping quiet about it. He remained adamant in a debate against rival Hillary Clinton on Monday that he would not release his tax returns during a routine Internal Revenue Service audit due to his lawyer’s recommendation.
While tax returns could paint a better picture of how much Trump is worth, the filings would only show the money he paid, not his total assets or debt.
