Thursday, February 20, 2020

Donald Trump’s wealth jumps to $ 3 billion

Featured

A major reshuffle in the British Government

Several British government ministers have been fired in a drastic reshuffle by Prime Minister Boris Johnson. The list includes...

WHO: China-led expert team to investigate coronavirus

The World Health Organization (WHO) said on Sunday that a team of international experts led by the organization has...

Japan records 41 new cases of coronavirus among passengers of the cruise ship

The Japanese Ministry of Health announced today, Friday, that 41 other people were infected with the Corona virus among...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

The wealth of US President Donald Trump has increased by 5 percent from last year to $ 3 billion, according to a report published by Sky News. “He is driven by the big jump in the value of the” office deal ” of its implementation “.

Sky News reported that the increase in Trump’s wealth came after two years of decline and returned its net worth to the levels of 2016, according to figures compiled by the Bloomberg Index of billionaires from lenders, real estate registrations, securities deposits, market data and disclosure Financial.

Sky News reported that the increase in the US president’s wealth came despite the setbacks in his family business, including the cancellation of two new hotels from his hotel chain, the downsizing of the resort in Mar a Lago in Florida and seven golf courses.

“Trump’s highest net worth shows his wealth dependence on his friend, who leads the Vornado Real Estate Trust, Stephen Roth. Trump’s share is 30 percent in two important properties, one in central Manhattan and the other in an office complex known as the Center Bank of America in San Francisco, a quarter of Trump’s wealth. ”

According to Sky News, after deducting $ 550 million in loans, Trump’s wealth increased to $ 3 billion, up $ 200 million from the previous year, and the acceptance of the deal with Vornado proved profitable. Last year, Trump’s share in the two companies rose to $ 765 million, up 33 percent from the previous year, thanks to lower office capitalization rates and higher net income.

Read also: Trump: Nothing will change after Mueller’s statement and the case has been closed

 

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Latest News

Confirmed Coronavirus cases in Japan increased to 621

The Japanese authorities announced the registration of 79 new confirmed cases of coronavirus on the ship "Diamond Princess", bringing...

A major reshuffle in the British Government

Several British government ministers have been fired in a drastic reshuffle by Prime Minister Boris Johnson. The list includes the names of: Sajid Javid,...

Canadian Prime Minister chairs a meeting to discuss Coronavirus

Canadian Prime Minister Justin Trudeau has convened an Incident Response Team meeting to discuss progress in the Canadian government’s response to the new Corona...

Koreans celebrate the historic victory of “Parasite” with Oscar

Celebrations were overwhelmed by social media in South Korea on Monday, after the black comedy film "Parasite" was awarded the first ever Oscar for...

WHO: China-led expert team to investigate coronavirus

The World Health Organization (WHO) said on Sunday that a team of international experts led by the organization has gone to Beijing to help...

Related News