Trump's net worth drops to $2.5B amid coronavirus pandemic

The decline is largely the result of the COVID-19 outbreak, which has decimated values for office buildings and hotels

President Trump's net worth has dropped an estimated $600 million over the past year as the coronavirus pandemic and subsequent economic recession have wreaked havoc on the industries in which he holds his biggest assets, according to Forbes.

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In its annual ranking of America's 400 wealthiest individuals, Forbes found that Trump is worth about $2.5 billion, making him the nation's 339th richest person (that's down 64 spots from a year ago).

Trump's net worth has dropped about 20% since 2019, Forbes reported.

The decline is largely the result of the COVID-19 outbreak, which has decimated values for office buildings and hotels, especially ones in big cities -- some of which represent Trump's largest holdings.

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The president's biggest losses compared to the year-ago period stemmed from his 30% stake in an office and retail space in New York City -- 1290 Avenue of the Americas -- which has seen its net value plummet $109 million since 2019.

Collectively, various real estate holdings that he has in New York City have dropped $326 million since last September, according to Forbes. (One property, Trump World Tower, increased $2 million in net value).

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Outside of New York, Trump has an assortment of properties in other cities, including Washington, Las Vegas, San Francisco and Chicago. Combined, their net value has dropped about $124 million.

The president's golf properties have also seen their net value drop, falling about $137 million since last September. Mar-a-Lago is the exception: Since last year, its net value has increased by roughly $10 million.

Trump's cash and personal assets are more of a mixed bag. While his homes in Florida have weathered the pandemic -- collectively, the net value of all three houses is up by about $4 million -- his penthouse in New York took a beating, falling about $9 million since last year.

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