--- title: President Trump's Net Worth Tumbled Last Year. Here's What Changed description: President Donald Trump's net worth dropped significantly again last year, according to Forbes's annual Billionaires List. Here's why authors: - name: Jennifer Calfas url: https://money.com/author/jennifer-calfas/ at_money_since: 2017 articles: 339 covers: - Economy and Politics - Banking - Business - Career Advice - Credit Cards - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Personal Finance - Pets - Retirement - Shopping - Taxes - Technology social: - https://x.com/jencalfas former_staff: true published: '2018-03-06T19:29:39.000Z' modified: '2024-04-17T10:05:47.000Z' section: Economy and Politics tags: - Billionaires - onetime word_count: 421 canonical: https://money.com/donald-trump-net-worth-2018/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![President Trump Meets With Steel And Aluminum Manufacturing Industry Leaders Announcing New Tariffs](https://img.money.com/2018/03/president-donald-trump.jpg) *U.S. President Donald Trump participates in a meeting with leaders of the steel industry at the White House March 1, 2018 in Washington, DC.* President Donald Trump's net worth took another substantial hit over the last last year, dropping around $400 million since he took office, [according to *Forbes*](https://www.forbes.com/sites/danalexander/2018/03/06/donald-trump-drops-400-million-on-forbes-billionaires-list/#4068435d1357). The 71-year-old president, who became the first billionaire to serve in the Oval Office when he was inaugurated in January 2017, has a net worth of $3.1 billion, according to new estimates from *Forbes.* Trump dropped more than 200 spots from 544th richest in 2017 to [766th](https://www.forbes.com/profile/donald-trump/?list=billionaires) in 2018 on the magazine's annual [Billionaires List](https://www.forbes.com/billionaires/list/) as a result. The fall comes a year after the Trump's net worth was reportedly $3.5 billion — about $1 billion less than his fortune reported on the *Forbes* 2016 Billionaires List. During his campaign, Trump said he had [a net worth of $10 billion](https://money.com/donald-trump-net-worth/) — but that claim was quickly debunked with [reports reflecting his net worth](https://money.com/donald-trump-is-worth-4-5-billion/) was closer to around $3 billion or $4 billion. *Forbes* attributed the president's decline in net worth throughout 2017 to a struggling retail real estate market and Trump's polarizing brand. Within the last year, the value of Trump Tower — the 5th Avenue-based former home of the president in the center of the most expensive retail real estate in Manhattan — declined $41 million this year, *Forbes* estimated. Trump's hotel brand and management gigs, as well as his golf properties, suffered from his polarizing image this year as well. A number of hotels — in [Toronto, Manhattan and, most recently, Panama City](http://www.travelandleisure.com/travel-news/trump-hotels-stripped-off-name) — dropped Trump's name from their branding as their properties became sites for protests. The licensing losses resulted in a $50 million drop this year, according to *Forbes*. Interestingly, Trump-branded golf properties in locations where he won the 2016 election saw a more than 5% increase in revenue, while those in places where he lost the election — like California — had a 4% fall in revenue, according to *Forbes'* analysis. While in office, President Trump receives a quarterly salary of around $100,000 — or about $400,000. At the beginning of his presidency, Trump pledged to donate his salary each quarter — and has kept that promise so far. Recipients of his quarterly salary donations include the [Department of Education](https://money.com/donald-trump-salary-donation-department-of-education/), the [Department of Interior](https://money.com/donald-trump-national-park-service-donation-budget-proposal/) and the [Department of Health and Human Services](https://money.com/trump-salary-opioid-epidemic/). On *Forbes*'s Billionaires List this year, Amazon CEO Jeff Bezos, the [richest person in the world](https://money.com/jeff-bezos-net-worth-richest-person/), came out on top. He became the first person to break $100 billion in the list's history, thanks to Amazon's dominance in the marketplace and key purchases like Whole Foods in the last year. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/donald-trump-net-worth-2018/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Wealth", "item": "https://money.com/wealth/" }, { "@type": "ListItem", "position": 4, "name": "President Trump's Net Worth Tumbled Last Year. 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