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As of March 2021, the Bloomberg Billionaires Index estimates former President Donald Trumps net worth to be $2.33 billion. Trumps net worth dropped by about $700 million in his last year of presidency.

See: All the Ways the Trumps Have Made Money Over the Past 20 YearsFind: Trump Faces Trouble with the Crown Jewels of His Real Estate Empire

Forbes reported that Trump was worth $3.7 billion when he first took office in 2016. That plummeted to $3.1 billion his first year in office, and then declined to $2.5 billion in 2020. He lost an additional $700 million following the Capitol Hill riots and his impeachment, when several organizations stopped doing business with Trump or any of his properties.

The 2020 dip in Trumps overall net worth was largely due to the coronavirus and the impact it has had on industries in which he holds his biggest assets. Values for office buildings and hotels have plummeted. His properties in Washington, D.C. and Chicago appear to be underwater, while Doral, his golf resort in Miami, has lost 80% of its value in a year, Forbes reported.

Additionally, the Capitol Hill riots resulted in Trumps golf course losing the right to host the PGA championship tour in 2022, which will undoubtedly lead to lost marketing opportunities and reduced profits for the course. In the days following the riots, Shopify closed Trumps online stores.

See: PGA Pulls Event from Trump Golf Course, Shopify Terminates Trumps Online Stores, Banks Cut TiesFind: Trump Ex-Lawyer Sued by Dominion for $1.3 Billion How 14 Corporate Lawsuits Turned Out

Whats more, at least $590 million in loans will come due in the next four years, Bloomberg reports, which could further impact the billionaires bottom line.Still, Trump retains some valuable assets, including garages in New York City, the Mar-a-Lago Club in Florida and three nearby homes.

A businessman and former reality television star, Trumps path to wealth was very different than that of your typical politician. Read on for a better understanding of how Trump built his fortune.

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When he was sworn into his presidency, he was the oldest person to be sworn in he was 70 years, 220 days old on Jan. 20, 2017. (That title now belongs to Biden, who was 78 when he was sworn in). Trump beat out a number of contenders to become the Republican nominee for the 2016 presidential election. He went on to defeat Democratic nominee Hillary Clinton. His term ended on Jan. 20, when President Joe Biden began his term as the 46th president.

Trump was born into a wealthy family and inherited about $40 million from his late father, real estate developer Fred Trump. In 1971, Donald Trump became head of what would later be known as The Trump Organization.

Trumps earnings and title have since helped him develop more than 500 companies. The business mogul has his stake in luxury golf courses, skyscrapers, television shows, casinos, books, merchandise and more.

See: Trumps 14 Most Questionable Campaign Expenses

The only thing bigger than Trumps personality is his business acumen. He landed a deal with Hyatt, the city of New York and the unprofitable Commodore Hotel beside the Grand Central Station, earning the right to renovate and rebrand the ailing hotel into the Grand Hyatt. In 1980, that hotel became an instant success, making Trump one of the best-known real estate developers in the area.

Find Out: Just How Rich Are President Joe Biden and These Other Big Names?

In 1984, Trump completed construction on the 68-story Trump Tower, which serves as headquarters for The Trump Organization to this day. The building includes a 60-foot waterfall and, on opening day, had five levels of retail stores and restaurants.

Trump has owned a slew of successful businesses and properties, among them Trump Place, a luxury residential community spanning 92 acres. The Trump International Hotel & Tower Chicago has a hotel, condos and numerous restaurants and shops. The success of Wollman Rink, a Central Park staple, is arguably credited to Trump.

However, following the storming of the U.S. Capitol, New York City announced that it was severing its business ties with Trump. On Jan. 13, Mayor Bill de Blasio announced that the city would be terminating three contracts with The Trump Organization that would cease its operations of a carousel in Manhattans Central Park, skating rinks and a golf course in the Bronx, Reuters reported.

Learn: These Are All the States With Trump Properties and Businesses

Donald Trump has major business wins to his name, but he also has some big losses.

In 1988, Trump spent $365 million on a fleet of Boeing 727s, as well as landing facilities in Boston, New York City and Washington, D.C. He also bought the rights to paint his name on a plane. His attempt to build a luxury flying experience under the Trump Shuttle name failed, however, and the company was decommissioned.

In 1990, the banks that backed Trumps investments provided him with a $65 million bailout in new loans and credit. Trumps famous Taj Mahal casino in Atlantic City, New Jersey, went bankrupt in 1991, and Trump Hotels & Casino Resorts went bankrupt in 2004. In 2009, the same company now called Trump Entertainment Resorts filed for bankruptcy again.

One of Trumps highest-profile business failures is Trump University. The unaccredited online college was launched in 2005 and closed down in 2010. Three Trump University lawsuits plagued his first presidential campaign, alleging that Trump University was a scam that cost students tens of thousands of dollars. Trump settled the lawsuits for $25 million, though he did not admit any wrongdoing.

Donald Trump has been married three times. He was with his first wife, Ivana, from 1977 to 1992. The couple had three children together: Donald Jr., Ivanka and Eric. The three eldest Trump children along with Ivankas husband, real estate investor and developer Jared Kushner were highly involved in their fathers presidency.

Trump married Marla Maples in December 1993, two months after Maples gave birth to their daughter, Tiffany. The couple divorced in 1999.

Trump has been married to his current wife and former first lady, Melania Trump, who has an estimated net worth of $50 million, since 2005. Melania is the mother of Trumps youngest son, Barron.

Look: The Wealthiest Presidential Children

Donald Trump sometimes lives in a three-floor penthouse in Trump Tower with his wife, Melania, and son Barron. The luxuries the family enjoys at Trump Tower include an indoor fountain and a door encrusted with diamonds and gold, Business Insider reported.

Among Trumps other notable properties is Mar-a-Lago, where he spent 25 of his first 100 days in office. He moved back to the estate after his term as president ended, CNN reported. The luxury club is worth $180 million, according to Forbes, and sits on 17 acres of valuable South Florida land. Trump bought the estate which boasts 58 bedrooms, 33 bathrooms, 12 fireplaces and three bomb shelters for the bargain price of $10 million in 1985.

Before having access to Air Force One, Trump shuttled between campaign stops in his $100 million Boeing 757 adorned with gold seatbelts. His fleet of luxury vehicles includes a Rolls Royce, an electric blue 1997 Lamborghini Diablo and a Mercedes-Benz SLR McLaren.

More From GOBankingRates

Andrew Lisa contributed to the reporting for this article.

Last updated: March 18, 2021

This article originally appeared on GOBankingRates.com: Donald Trump Recently Lost $700 Million How Much Is He Worth?

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Donald Trump Recently Lost $700 Million How Much Is He Worth? - Yahoo Finance

Back in January, Representative Liz Cheney earned the ire of many a fellow Republican when she had the audacity to claim that Donald Trump had lit the flame of the attack on the Capitol, announced her support to impeach him, and then, days later, voted to do exactly that. Of course, nothing that Cheney said or did was wrongTrump quite obviously incited the violent riot and he should have been impeachedbut to his band of loyalists in the party, the Wyoming lawmakers actions were tantamount to treason. (Which is an interesting point of view, given that the guy they were defending had literally tried to overthrow the results of a federal election.) Dozens of Republican representatives tried to strip Cheney of her role as conference chair. Florida representative Matt Gaetz flew to Wyoming and, after declaring like only a mediocre white man can that he knew everything there was to know about the place having been there for one hour, urged voters to oust her from the House. Donald Trump Jr. has spent the last two months and change attacking Cheney for disrespecting his father.

Unfortunately for Junior, his quest to avenge Daddy Trump and maybe get more than one biannual hug, is not going so hot. Per CNN:

A Wyoming Senate bill to create election runoffsfailed on Wednesday, despite Donald Trump Jr.s campaign to pass it in an attempt to defeat Republican Rep. Liz Cheney in 2022. The vote was 1415 with one lawmaker excused. The former presidents son has increasingly attacked the No. 3 House Republican sinceshe voted to impeach his fatherfollowing the deadly attack on the Capitol. In January, Trump Jr. called into an anti-Cheney rallyled by Florida Rep. Matt Gaetz, urging Republicans to coalesce around a single candidate to challenge her. And in March, Trump Jr. publicly pressured the state senators on the committee working on the bill, tweeting their email addresses to his 6.8 million followers. Any Republican in Wyoming who does Liz Cheneys bidding and opposes SF145 is turning their back on my father and the entire America First movement, Trump Jr.tweeted.

The bill wouldve forced Cheney and other candidates to receive more than 50% of the vote to win a primary, and potentially pit her against one Trump-backed opponent in a runoff primary election. But despite Trump Jr.s efforts, a Wyoming state Senate committee amended the bill so it wouldnt take effect until 2023, as some legislators pushed to give county clerks enough time to adapt.

Earlier this week, the ex-presidents namesake tweeted a photo of Cheney speaking to Democratic representative Jamie Raskin and suggested the two were conspiring to take down his father:

Last month, Junior said in an interview that he has no intention of running for office right now but wouldnt rule out a future bid. At the moment, though, he believes he can make a bigger impact on the Republican Party by focusing on the weaklings who voted to impeach his dad for a second time. Said weaklings are no doubt quivering in fear.

Someone at Amazon thought it was a good idea to get into a Twitter war with Democratic lawmakers

Oh, Amazon. Dear, sweet, innocent Amazon. Youre a trillion-dollar company that made Jeff Bezos $58 billion richer in the course of one year. You crush mom-and-pop stores just by looking at them. Someday soon, youll probably roll out technologythat will allow people to use one-click ordering to have a warehouse employee dropped directly into their bathroom to wipe their asses for them, eliminating the need for toilet paper (but not the profit, because the ass-wiping wont come cheap). Youre the kind of monopoly aspiring monopolies hope to be one day. Yet apparently there isnt one person on your corporate communications team who realized that this was a stupid idea:

Those are a mere sampling of the tweets sent from Amazons corporate account this week in which the tech giant has attempted to own a bunch of lawmakers whove said mean but true things about them. In the case of Bernie Sanders, Amazon is presumably mad at him for backing the attempt by workers at an Alabama warehouse to unionize, an effort that the tech behemoth is unsurprisingly unhappy about, hence the anti-union messages in the bathrooms. Of course, Sanders is not the governor of Vermont, and so he cant control the minimum wage in the state. (Amazon could learn about the difference between federal, state, and local governing in a book called *The Infographic Guide to American Government: A Visual Reference for Everything You Need to Know,* the Kindle edition of which is available right now on Amazon.com.) As for the companys minimum wage, it was raised to $15 in 2018 after pressure fromBernard Sanders.

Read more:
Wyoming Tells Donald Trump Jr. to Sit Down and STFU - Vanity Fair

WASHINGTON (AP) Dominion Voting Systems filed a $1.6 billion defamation lawsuit against Fox News on Friday, arguing the cable news giant, in an effort to boost faltering ratings, falsely claimed that the voting company had rigged the 2020 election.

The lawsuit is part of a growing body of legal action filed by the voting company and other targets of misleading, false and bizarre claims spread by President Donald Trump and his allies in the aftermath of Trumps election loss to Joe Biden. Those claims helped spur on rioters who stormed the U.S. Capitol on Jan. 6 in a violent siege that left five people dead, including a police officer. The siege led to Trumps historic second impeachment.

Dominion argues that Fox News, which amplified inaccurate assertions that Dominion altered votes, sold a false story of election fraud in order to serve its own commercial purposes, severely injuring Dominion in the process, according to a copy of the lawsuit obtained by The Associated Press.

The truth matters. Lies have consequences, the lawsuit said. ... If this case does not rise to the level of defamation by a broadcaster, then nothing does.

Even before Dominions lawsuit on Friday, Fox News had already filed four motions to dismiss other legal action against its coverage. And anchor Eric Shawn interviewed a Dominion spokesperson on air in November.

Fox News Media is proud of our 2020 election coverage, which stands in the highest tradition of American journalism, and we will vigorously defend against this baseless lawsuit in court, it said in a statement on Friday.

There was no known widespread fraud in the 2020 election, a fact that a range of election officials across the country and even Trumps attorney general, William Barr have confirmed. Republican governors in Arizona and Georgia, key battleground states crucial to Bidens victory, also vouched for the integrity of the elections in their states. Nearly all the legal challenges from Trump and his allies were dismissed by judges, including two tossed by the Supreme Court, which has three Trump-nominated justices.

Still, some Fox News employees elevated false charges that Dominion had changed votes through algorithms in its voting machines that had been created in Venezuela to rig elections for the late dictator Hugo Chavez. On-air personalities brought on Trump allies Sidney Powell and Rudy Giuliani, who spread the claims, and then amplified those claims on Fox News massive social media platforms.

Dominion said in the lawsuit that it tried repeatedly to set the record straight but was ignored by Fox News.

The company argues that Fox News, a network that features several pro-Trump personalities, pushed the false claims to explain away the former presidents loss. The cable giant lost viewers after the election and was seen by Trump and some supporters as not being supportive enough of the Republican.

Attorneys for Dominion said Fox News behavior differs greatly from that of other media outlets that reported on the claims.

This was a conscious, knowing business decision to endorse and repeat and broadcast these lies in order to keep its viewership, said attorney Justin Nelson, of Susman Godfrey.

Though Dominion serves 28 states, until the 2020 election it had been largely unknown outside the election community. It is now widely targeted in conservative circles, seen by millions of people as one of the main villains in a fictional tale in which Democrats nationwide conspired to steal votes from Trump, the lawsuit said.

Dominions employees, from its software engineers to its founder, have been harassed. Some received death threats. And the company has suffered enormous and irreparable economic harm, lawyers said.

One employee, Eric Coomer, told the AP he had to go into hiding over death threats because of the false claims. He has sued the Trump campaign, conservative media columnists and conservative media outlets Newsmax and One America News Network.

Dominion has also sued Giuliani, Powell and the CEO of Minnesota-based MyPillow over the claims. A rival technology company, Smartmatic USA, also sued Fox News over election claims for a similar sum of money. Unlike Dominion, Smartmatics participation in the 2020 election was restricted to Los Angeles County. Fox News has moved to dismiss the Smartmatic suit.

Dominion lawyers said they have not yet filed lawsuits against specific media personalities at Fox News but the door remains open. Some at Fox News knew the claims were false but their comments were drowned out, lawyers said.

The buck stops with Fox on this, attorney Stephen Shackelford said. Fox chose to put this on all of its many platforms. They rebroadcast, republished it on social media and other places.

The suit was filed in Delaware, where both companies are incorporated, though Fox News is headquartered in New York and Dominion is based in Denver.

Original post:
Dominion Voting sues Fox for $1.6B over 2020 election claims - The Associated Press

Donald Trumps planned social media platform will debut in three to four months, the former presidents one-time campaign manager and senior adviser said.

Were going to have a platform where the presidents message of America First is going to be able to be put out to everybody, Corey Lewandowski said on the conservative Newsmax TV networks Saturday Agenda.

Therell be an opportunity for other people to weigh in and communicate in a free format without fear of reprisal or being canceled, he said.

Lewandowskis comments followed ones from Trump, who said on a March 22 podcast that after being banned from Twitter and other major social-media platforms, hes working on his own and would have more details soon.

Im doing things having to do with putting our own platform out there that youll be hearing about soon, Trump said in an interview for Fox News contributor Lisa Boothes podcast The Truth.

A week ago, Trump adviser Jason Miller said Trump would return to social media in about two to three months.

Trump picked Lewandowski to run a super PAC as part of his forthcoming post-presidential political efforts, Politico reported in February.

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Trump ally says social media site is coming in three to four months - The Boston Globe

UPMC on Friday said it has given monoclonal antibody treatment to about 1,000 people, preventing death or even hospitalization for about 70 percent.

UPMC portrayed the results as a major breakthrough in COVID-19 treatment and one that, along with vaccine, can prevent a repeat of COVID-19 surges and high death rates of the past.

Moreover, UPMC said the treatment is available at 16 of its locations, including UPMC Pinnacle hospitals in the Harrisburg region.

I would advise most patients to get monoclonal antibody treatment if they qualify, said Erin McCreary, a UPMC infectious disease pharmacist.

McCreary said UPMC plans to eventually detail its results in a peer-reviewed article. However, because the results represent a transformative and life-saving development, UPMC chose to publicize the results on Friday, she said.

Monoclonal antibody treatment is a one-time treatment given intravenously. According to McCreary, it involves copies of antibodies which seek out the COVID-19 virus and prevent it from infecting the cells and reproducing.

Essentially, were giving your immune system a leg up on the virus before it can take hold and wreak havoc, she said.

McCreary said side effects have been minimal, and she knows of no UPMC patients who had to be hospitalized because of reaction to the treatment. Three versions of monoclonal antibody treatment are available under emergency use approval from the federal government.

UPMC doctors said the treatment was given to President Donald Trump in October, when Trump made a seemingly miraculous recovering after coming down with COVID-19. UPMC had no role in treating Trump.

UPMC said it has found the treatment works best if given within 10 days of a positive COVID-19 test and, ideally, within four days of the onset of mild symptoms.

Its available to people at highest risk of becoming severely ill from COVID-19, including people 65 and older and younger patients who are obese or have conditions such diabetes or heart, lung or kidney disease.

About one-third of UPMC COVID-19 patients qualify. However, UPMC doctors said Friday they will advocate for expanding eligibility.

They further said they are surprised monoclonal antibody treatment isnt being used more widely. In fact, they said, because of expanded demand, they devised a lottery system to determine who would receive it, to ensure people dont use favored status and connections to get it. They havent had to use the lottery.

They urged people with COVID-19 symptoms to ask their doctors about getting the treatment.

They said costs are covered by the federal government or private insurance and cost shouldnt be a barrier for anyone.

They further said the monoclonal antibody treatment is being adjusted to involve more than one antibody. UPMC is studying the revised versions to determine if they are more effective against variant strains of COVID-19, which werent present when the original version was developed.

The UPMC doctors said the treatment is available in UPMC emergency rooms and also can be given at nursing homes or even at someones home.

After Trump tested positive and began feeling severely ill on a Friday in October, he was given monoclonal antibody therapy at the White House before he was taken to the hospital by helicopter. At one point his blood oxygen level had dropped to the point he was given supplemental oxygen.

At the hospital, he was also given an antiviral medication and a steroid. After being flown to the hospital on a Friday, he walked out on the following Monday.

Read more:
UPMC cites dramatic results with COVID-19 treatment received by Trump - PennLive