'The impact has been really negative in what we call the brick-and-mortar economy,' said Kathy Wylde of the New York City Partnership, a business group.

Tourism and retail shopping also plummeted.

The New York State Comptroller earlier this month issued a report showing the value of Manhattan office buildings dropped $28 billion since the onset of the pandemic. Politics Documents show Trump lost millions operating D.C. 'Not many people would pick large office buildings and big fancy hotels located in urban areas.' 'What sorts of businesses would you want to be invested in, in 2021?' asked Dan Alexander, the senior editor at Forbes who calculated Trump's wealth. Had Trump sold off his assets and invested in markets while he was president - which ethics experts advised him to do - he would have been $4.5 billion richer today, Forbes said. Just this month, Forbes took the former president off its tally of the 400 richest people. Politics Trump continues to lie, says 'real insurrection' happened when he lost electionĭonald Trump did not put his name back on many company documents after his presidency Weisselberg, who was indicted for 15 felonies, removed his own name from some corporate documents only Donald Trump Jr.'s and Eric Trump's names remain on many management filings.Įven without all the brand challenges, Trump is heavily tied up in businesses such as office rentals and retail that are struggling post-pandemic.

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