---
title: Donald Trump's Net Worth Fell $800 Million Over the Past Year
description: Forbes estimates that Donald Trump's net worth is $3.7 billion, down $800 million from last year largely due to declining real estate value.
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published: '2016-09-28T14:09:12.000Z'
modified: '2024-04-17T03:56:29.000Z'
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![Republican Presidential Candidate Donald Trump Campaigns In Florida Day After First Debate](https://img.money.com/2016/09/gettyimages-610818312.jpg)
*Donald Trump's net worth fell $800 million over the past 12 months.*

Donald Trump's elusive net worth fell $800 million from a year ago to $3.7 billion, according to [Forbes](http://www.forbes.com/sites/jenniferwang/2016/09/28/the-definitive-look-at-donald-trumps-wealth-new/#53f32d6a7e2d), which has been tracking the Republican presidential candidate's assets for 34 years.

Forbes, which analyzed 28 assets or asset classes to produce the figure, pegs a "softening of New York City's real estate market" as the prime reason Trump's worth has fallen so dramatically. The iconic Trump Tower on Fifth Avenue in Manhattan lost $159 million in value over the past 12 months, the magazine calculates, while frequent campaign stop Mar-a-Lago, the private club in Palm Beach, reportedly declined $50 million in value.

***Read Next: Donald Trump Would Be Billions Richer If He’d Invested in Index Funds***

Properties that rose in value include 555 California, located in San Francisco, and NYC's Trump Parc/Trump Parc East.

Trump himself puts his net worth at $10 billion, not in actual holdings, but because that's what he estimates his "brand" is worth. To be more precise, Forbes does not assign a value to the "brand" of any of the billionaires it tracks. "Great businessmen turn brands into profits, which then get valued," reporters Chase Peterson-Withorn and Jennifer Wang write.

***Read More:** Yes, Donald Trump—You Actually Can Learn a Lot From Tax Returns*

Earlier this year Forbes pegged the real estate exec's worth at [$4.5 billion](http://www.forbes.com/sites/randalllane/2015/09/29/inside-the-epic-fantasy-thats-driven-donald-trump-for-33-years/#26bf598c19ce), as did [another report](https://money.com/donald-trump-is-worth-4-5-billion/). Bloomberg estimates the figure is closer to [$2.9 billion](http://www.bloomberg.com/politics/articles/2015-07-28/here-s-our-tally-of-donald-trump-s-wealth). Forbes' latest report is lower than previous estimates because of the diminishing returns of real estate prices, as well as "new information" about his assets.

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