The coronavirus has already shortened the fortune of many wealthy Americans. Now it is stretching its tentacles to the US President’s business empire. According to Forbes, the personal fortune of Donald Trump has decreased by $1 billion due to the pandemic. The magazine reported that Trump’s net worth totaled $3.1 billion in February but dropped to $2.1 billion in March. It seems that the coronavirus is causing headaches for Donald Trump in many ways. The US economy is worsening and now the virus has affected his own fortune. Reportedly, Trump owns residential units across the country and due to the quarantine, the cost of many properties has significantly dwindled. The situation is even direr for Trump’s commercial real estate holdings. Due to the softness in the midtown Manhattan real estate market, Trump’s owned hotels are suffering losses, while the busy center of New York has literally turned into the ghost town because of the measures aimed at curbing the spread of the coronavirus. Mar-a-Lago, the president’s most famous golf club, also incurred serious losses. "The best-performing part of the president’s portfolio is his cash pile, Forbes noted. As it turned out, Donald Trump sold some of his stocks long before the plunge in the stock market. Therefore, now he keeps an estimated $160 million in cash accounts.
