The Trump Organization didn't exactly thrive during former President Donald Trump's time in office, Bloomberg reports. After compiling income and valuation numbers from Trump's own financial disclosures and the Bloomberg Billionaires Index, Bloomberg found that most of his ventures took a hit in recent years, with the coronavirus pandemic, the fallout from the Jan. 6 Capitol riot, and "an aging portfolio of properties" all playing a significant role.
Since 2016, the valuation of Trump's commercial real estate business is down 26 percent, and his most valuable holding — a 30 percent stake in two skyscrapers in San Francisco and New York that makes up about one-third of Trump's fortune — has fallen by $80 million since 2019. Trump's resorts and hotels portfolio, which includes the Trump International Hotel in Washington, D.C., and Trump National Doral Miami, has also suffered, although Mar-a-Lago brought in slightly more money last year than a few years prior. Golf, Bloomberg notes, has weathered the pandemic better than some of Trump's other businesses because it's outdoors and a fairly socially distant activity, but some of his courses have still lost money.
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