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Trump building in Chicago
Photo: FIRS MAURY / EPA-EFE / Shutterstock
The pandemic was not only partly responsible for the fact that Donald Trump was not re-elected, but it also apparently ruined the business of parts of his branched corporate empire.
In the past year, Trump's corporate revenue has shrunk to $ 278 million, a drop of nearly 38 percent.
This is reported by numerous US media such as the New York Times, citing a disclosure report by the ex-president who has just left office.
Particularly hard hit: the Trump Hotel in Washington DC, which had benefited in recent years from the fact that many state guests and delegations stayed there in the hope of scoring points with Trump.
In the past year, however, the turnover of the luxury hostel fell by around two thirds, from $ 40.5 million to just $ 15.1 million.
Things went similarly bad for Trump in Las Vegas: There, hotel sales fell from 23.3 to a little more than 9 million.
The Doral Golf Club in Florida also reports a big minus ($ 44 million instead of $ 77 million in the previous year).
In Scotland, too, sales of his golf courses fell dramatically (minus 62 percent).
Evaluations by real estate service providers had previously shown that Trump's New York buildings had lost significantly in value in recent years.
The only bright spot in an otherwise gloomy balance sheet: Trump's luxury complex Mar-a-Lago was even able to increase revenue slightly, from $ 21.4 million in 2019 to $ 24.2 million last year.
The resort is one of the "few properties owned by Trump that has not been hit by the pandemic," the Bloomberg news agency concludes.
In purely numerical terms, Trump's business doesn't seem to have really capitalized on his presidency.
In any case, »Bloomberg« estimates its total assets at only 2.5 billion dollars - that's 500 million euros less than before taking office.
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