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Trump's net worth falls to US$2.9b as properties underperform

Trump Tower generated US$14.1 million of net income last year after higher expenses ate into revenue, and is now valued at US$450 million.

New York

US President Donald Trump's office properties are not bringing in as much cash as banks that loaned him money had expected.

That was the biggest finding in an updated assessment of the president's net worth, which has slipped to US$2.9 billion, according to the Bloomberg

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