Donald Trump’s net worth dropped by about $700m to $2.3bn (£1.65bn) during his time as president, according to the Bloomberg Billionaires Index.

The Covid-19 pandemic hit his fortunes hard, with Mr Trump’s office buildings, branded hotels and resorts losing revenue and falling in value.

His fleet of planes and golf courses have also seen drops in their value.

Trump is currently under a criminal investigation into his financial affairs and his family business.

Bloomberg analysed financial documents and other filings from May 2016 and January 2021 to calculate Mr Trump’s wealth before and after he became US president.

Bloomberg, which provides financial news and data, estimates a 26% drop in the value of his main commercial property holdings.

He also owns, manages or licenses his name to about a dozen hotels and resorts, plus 19 golf courses.

(BBC)