September 2020
6:40 AM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
International News
Trump Wealth shrinks $600Mln in past year due to COVID-19 impact on real estate - Reports
Washington: Plunging commercial real estate values due to the novel coronavirus crisis reduced President Donald Trump''s net worth by $600 million in the past year, Forbes reported on Tuesday. The crisis hit the industries in which Trump holds his biggest assets. Values for office buildings have plummeted, along with hotels, particularly ones in big cities, the report said. Trump''s net worth dropped $600 million since last September to $2.5 billion, placing the president at No. 339 on the Forbes list of the 400 wealthiest Americans, down 64 spots from a year ago, the report also said.

Forbes explained that declining property values of Trump''s New York real estate portfolio accounted for more than half of the president''s declining wealth. For example, Forbes valued the Trump Tower at $167 million, $70 million less than the landmark property was worth in September 2019, the report said. Trump has significant debt against properties in Washington, DC and Chicago, as well as his Doral golf resort in Florida. Doral is now worth an estimated $28 million, after accounting for its mortgages, down 80 percent in the past year.

The report pointed out a few bright spots in the Trump portfolio, including parking 350 parking spaces in New York City, which appear to be prospering amid the pandemic with people afraid to ride the subway. Trump''s Mar-a-Lago Club and three nearby homes are also benefiting during the pandemic as wealthy New Yorkers flee the city for Florida, thereby driving up property values, according to the report.

Leaders to UN: If virus doesn't kill us, climate change will
Swiss vote on limiting jobs, residency for EU citizens
Trump expected to announce conservative Barrett for court
US moves to restrict stay of Chinese journalists to 90 days
Despite Trump attacks, both parties vow orderly election
UN panel says corruption hits the poor hardest
Trump, Biden clash on handling of coronavirus pandemic
Pak announces Nov 15 as poll date for Gilgit-Baltistan assembly; India reacts sharply
Covid scare: Saudi Arabia suspends air travel from three countries including India
Political decisions should be taken in parliament, not GHQ - Maryam Nawaz
Malaysia’s Ibrahim claims ‘strong majority’ to form new government
Poll indicates New Zealand''s Ardern poised to win reelection
Nepal halts distribution of new text book with revised map incorporating Indian areas
Opposition parties in Pak launch alliance to oust PM Imran Khan
New Zealand to begin lifting virus restrictions
Virginia Commonwealth to remove Confederate names, symbols
Hefty fines for COVID-19 quarantine breaches in England
Trump to nominate female judge for Supreme Court
Iran vows 'hit' on all involved in US killing of top general
Russia's Navalny says he's now more than 'technically alive'
My whole life has been a miracle: Rajinikanth
 Mumbai: From starting out as a bus conductor to becoming one of the biggest stars of the: country,  
'Game of Thrones' star Indira Varma tests positive for coronavirus
Coronavirus: Release of Ranveer Singh-starrer '83' put on hold
'Joker' earns Joaquin Phoenix his maiden Oscar
COVID-19 tally in Kerala racing towards 1.50 lakh mark
 Thiruvananthapuram: The COVID-19 tally in Kerala is racingtowards the 1.50 lakh mark as 4,125 cases
Take steps to attach properties of pvt financial institution; HC to govt
Kerala logs single-day highest spike of 3,830 COVID-19 cases
Jaleel has committed no wrong, says Kerala CM
Jaswant Singh dies, PM Modi pays tribute
 New Delhi: Former Union minister Jaswant Singh, a close associate of ex-prime minister Atal Bihari V
India-Pak troops exchange fire along IB in JK's Samba
ICMR’s second sero survey shows that India far from achieving herd immunity: Health Min
BJP's oldest ally SAD quits NDA
Untitled Page
Rashtra Deepika LTD
Copyright @ 2020 , Rashtra Deepika Ltd.