's civil fraud trial playing out in New York, the former president received some additional bad news about his net worth.400—the second time in three years the ex-president has fallen under the monetary value necessary to make the list of the richest people in the United States. His net worth is also down $600 million compared to last year.
Other factors hitting Trump's wallet are building properties affected for different reasons that have plummeted an estimated $170 million. The story is similar at 1290 Avenue of the Americas in New York, another Vornado-controlled property in which Trump has a 30 percent stake. Even while close to 100 percent occupancy at the moment, Equitable Holdings—a longtime tenant—is moving up the street next year and ditching its rent on 450,000 square feet.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump's civil fraud trial in New York begins Monday. Here's what to know about the case.Former President Donald Trump, sons Donald Trump Jr. and Eric Trump, and the Trump Organization are fighting a $250 million lawsuit alleging widespread fraud.
Source: CBSNews - 🏆 87. / 68 Read more »
Trump's civil fraud trial in New York puts his finances in the spotlight. Here's what to know about the case.Former President Donald Trump, sons Donald Trump Jr. and Eric Trump, and the Trump Organization are fighting a $250 million lawsuit alleging widespread fraud.
Source: CBSNews - 🏆 87. / 68 Read more »
Donald Trump trial updates: Ex-accountant says statements were 'Trump Organization's responsibility'The former president is facing allegations of defrauding lenders.
Source: ABC7Chicago - 🏆 284. / 63 Read more »
'Death blow to Donald': Cohen says Trump facing 'biggest fear' in fraud trialFormer Trump attorney Michael Cohen joins Jen Psaki to discuss the start of Trump's New York civil fraud trial. Cohen, on AG Tish James' witness list, will attend the opening of the trial. Cohen tells Psaki that the civil fraud trial is a 'deathblow to Donald.' He adds, 'I can tell you this has always been his biggest fear. That he would lose all of his money and he would no longer be considered the mega-billionare that he tried to portray himself as.'
Source: MSNBC - 🏆 469. / 51 Read more »