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William James
William James


Trump has had a really bad year business-wise.

Highlights: (courtesy of Forbes Magazine)

  1. Trump's net worth has dropped an estimated $600 million since last September.
  2. The debts against his properties in Washington D.C. and Chicago are "underwater". A debt is "underwater" when the debt is worth more than the fair market value of the asset it underlies.
  3. Trump Doral, his Miami golf resort, is down 80% in a year, after accounting for its mortgages.
  4. In the past year, Trump has dropped 64 spots on the Forbes 400.

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