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Forbes: Trump's Net Worth Fell by $800 Million This Year

Donald Trump is still way richer than you are — but the gap is closing, according to new calculations of the presidential hopeful's net worth.
Trump's net worth is estimated to have fallen to $3.7 billion in the last year.
Trump's net worth is estimated to have fallen to $3.7 billion in the last year.
/ Source: CNBC.com

Donald Trump is still way richer than you are — but the gap is closing, according to new calculations of the presidential hopeful's net worth.

Trump's net worth is estimated to have fallen to $3.7 billion in the last year.
Trump's net worth is estimated to have fallen to $3.7 billion in the last year.

Declines in New York real estate hit the businessman's fortune, knocking off $800 million, and making his net worth now around $3.7 billion, a Forbes probe has found.

During the course of his presidential campaign, Trump has made much of his successful career and his high net worth, which he has estimated as high as $10 billion.

The magazine examined 28 Trump assets and found that 18 had declined in value, the most notable being the Trump Tower in Manhattan, his 40 Wall Street property near the New York Stock Exchange, and his ritzy Mar-a-Lago club in Palm Beach, Florida.

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Trump Tower, the Fifth Avenue building showcased on his former NBC show "The Apprentice," is his most valuable property with a value of $471 million, according to Forbes. Outside of New York, the top asset is his 555 California Street building in San Francisco, with a value of $1.645 billion, an increase over the past year of $32 million.

During the course of the campaign, Trump has made much of his successful career and his high net worth, which he has estimated as high as $10 billion. By contrast, his Democratic opponent Hillary Clinton has a net worth of $31.3 million, according to financial disclosure reports cited by Money Nation.

The Trump campaign did not immediately respond to a request for comment.