Trump’s net worth rises to US$3 bil despite business setbacks

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President Donald Trump’s net worth rose to $3 billion, a 5% gain over the past year, thanks to a jump in the value of an office-building deal he once sued to prevent. The increase in Trump’s wealth reverses two years of declines and brings his net worth back to 2016 levels, according to figures compiled by the Bloomberg Billionaires Index, and it comes despite setbacks at his family company.

Trump International Hotels. Trump’s Net Worth Rises to $3 Billion Despite Business Setbacks. Bloomberg – Shahien Nasiripour, Caleb Melby. President Donald Trump’s net worth rose to $3 billion, a 5% gain over the past year, thanks to a jump in the value of an office-building deal he once.

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Trump’s net worth rises to $3B despite business setbacks NEW YORK – President Donald Trump’s net worth rose to $3 billion, a 5 percent gain over the past year, thanks to a jump in the value of an office-building deal he once sued to prevent.

It comes despite setbacks at his family company, including the cancellation of two new hotel chains and reduced business at his Mar-a-Lago resort in Florida and seven golf courses. Trump’s higher net worth shows how reliant his wealth has become on Steven Roth, a friend who leads Vornado Realty Trust.

And Trump’s luxury residential building at 502 Park Ave., where his estranged longtime fixer, Michael Cohen, lived before he began serving a three-year prison term last month, is now worth $140 million, down 13% from a year earlier, after the building’s condo owners had to offer steep discounts to prospective buyers.

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