Trump's net worth plummets $1 billion amid coronavirus pandemic
Trump and coronavirus
US PresidentDonald Trump's net worthhas dropped by $1 billion in a single month as the novel coronavirus has infected his business according to the estimates released by the Forbes magazine.
His net worth was$3.1 billion a month ago but it fell to $2.1 billion a month later.
Before the coronavirus disrupted everything, the properties owned by Trumpwere valued at an estimated $1.9 billion after deducting debt. But byMarch 18, 2020, its prices dropped to an estimated $1.2 billion.
The value of his Boston Properties and Vornado Realty Trust also went down by37 per cent.
Trump's business was specifically exempted from the US $2 trillion coronavirus bailout package and his company is seeking leniency from its top creditor as well as from Palm Beach County, Florida, according to media reports.
His organization has put plans to sellluxury hotel called 'Trump International' in Washington D.C. on hold as well.
Trump representatives have contacted the German lenderDeutschebank, to ''discuss the possibility of delaying payments on some of the hundreds of millions of dollars of outstanding loans that the Trump Organization has from the bank.''