That estimate puts the Donald's wealth over $800 million less than a year ago.
Reports of the real estate mogul's losses are attributed to Trump's now-infamous comments disparaging Mexicans as well as his inability to understand New York’s softening real estate market.
As far as the real estate is concerned, Forbes probed 28 assets or asset classes owned by the New York businessman and found 18 had suddenly declined in value.
The properties that have depreciated include Trump Towers in Manhattan, his prized Mar-a-Lago club in Palm Beach, Florida and the value of his 40 Wall Street property in downtown New York had also declined.
Forbes also disputed Trump’s assertion in Monday night’s presidential debate that he reported $694 million in income from last year to the Federal Election Commission. Forbes said Trump mixed revenue and income in the document.
As far as the Trump brand is fairing a video was just released today of Donald Trump acknowledging that his now-famous comments calling Mexicans "rapists" harmed his business interests.
A District of Columbia Superior Court released transcripts of Trump's deposition and sworn testimony from his children over his loss of business following his comments on Mexico. News outlets petitioned successfully for the release of the actual video.
Here is an excerpt from that video...
|Click image for video|
I personally enjoyed how Trump looks like he was being restrained in an invisible straight jacket through the whole clip.
When asked about the decline in his real estate holding and his brand representatives for the Trump campaign could not be reached for comment.
The report comes as Trump campaigns on being a businessman who can bring, what he refers to as a failing economy, back to it's former greatness. These reports will not do him any favors in promulgating that fiction.
PS - The loss of revenue from companies cutting ties with the Trump brand was not factored into the Forbes total. This means his losses exceed that original estimate.