Forbes pegs Trump's wealth at $3.7B, $800M less than last year

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WASHINGTON, Sept 28 (Reuters) - U.S. Republican presidential nominee Donald Trump's estimated net worth is $3.7 billion, $800 million less than a year ago, Forbes magazine reported on Wednesday, attributing the loss largely to New York's softening real estate market.

The magazine probed 28 assets or asset classes owned by the New York businessman and found 18 had declined in value, including Trump Tower in Manhattan and his Mar-a-Lago club in Palm Beach, Florida.

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The value of his 40 Wall Street property in downtown New York had also declined, according to Forbes, which said it has been tracking Trump's wealth for 34 years.

At the same time, one asset remained steady while seven others - including 555 California Street, the second tallest building in San Francisco - saw their value increase, it reported.

Check out the business leaders that support Donald Trump:

Business leaders who endorse Donald Trump
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Business leaders who endorse Donald Trump

Steve Forbes, Chairman and Editor-in-Chief of Forbes 

Photo: Reuters

Peter Thiel, Venture Capitalist, co-founder of PayPal

Photo: Reuters

Kenneth Langone, co-founder of The Home Depot

Photo: Getty

Bernard 'Bernie' Marcus, co-founder and former chairman of Home Depot 

Photo: Getty

Pete Coors, Chairman of MillerCoors

Photo: Getty

Linda McMahon, formerly CEO of World Wrestling Entertainment

Photo: Getty

Brian France, Chairman and CEO of NASCAR

Photo: Reuters

Herman Cain, American author and business executive

Photo: Reuters

Carly Fiorina, former CEO of Hewlett-Packard

Representatives for the Trump campaign could not be immediately reached for comment.

The report comes as Trump, known as a reality television star as well as for his real estate business, heads into the final stretch of campaigning for the Nov. 8 election.

Trump, seeking elected office for the first time, has touted his business acumen in pressing for change in Washington. He has vowed to rip up trade deals, negotiate with allies to make them pay more for their U.S. defense protection, and have Mexico pay for a wall he has proposed along the southern U.S. border. If elected, he would be the first billionaire to serve as president, according to Forbes.

Details of Trump's wealth are not publicly known because, bucking a decades-old tradition of U.S. presidential candidates, he has refused to release his tax returns. His Democratic rival, former Secretary of State Hillary Clinton, earned $10.75 million in 2015 alongside her husband, former U.S. President Bill Clinton, their tax filing showed.

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Clinton and others, including some prominent Republicans, have pressed Trump to release his returns. They have also raised questions about his net worth as well as his charitable contributions and business ties.

Forbes said its analysis did not place any value on Trump's brand. It also disputed Trump's assertion in Monday night's presidential debate that he reported $694 million in income from last year to the Federal Election Commission. Forbes said Trump mixed revenue and income in the document.

Trump has so far given $54 million to his presidential campaign. His campaign has also paid his companies for office space in Trump Tower and use of his private airline, among other expenses, federal election filings have shown. Politico reported separately on Wednesday that Trump is considering giving more money to his campaign to fund an advertising blitz, citing three sources close to him.

Amid the campaign, Trump made just one real estate deal in the past year: purchasing a Charleston, South Carolina, warehouse that was in foreclosure, Forbes said.

(Additional reporting by Emily Stephenson and Grant Smith; Writing by Susan Heavey; Editing by Frances Kerry)

RELATED: Notable people who have spoken out against Trump:
Notable people who have spoken out against Donald Trump
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Notable people who have spoken out against Donald Trump

New York City Mayor Bill de Blasio

The Mayor did not hold back in this tweet:

"I didn’t realize this was in question. Behaves like a racist, speaks like a racist…of course @RealDonaldTrump is a racist."

 REUTERS/Brendan McDermid

Martha Stewart

In an interview win CNNMoney Stewart said "There is so much to know and so much to learn and so much diplomacy and kindness and introspection that goes with that kind of job, and it does not exist in the world of Donald Trump."

REUTERS/Kevork Djansezian 

Stephen Hawking 

British physicist, Professor Stephen Hawking speaks during the Opening Ceremony for the 2012 Paralympics in London, Wednesday Aug. 29, 2012. Hawking was interviewed on British TV Monday May 30, 2016, saying UK should stay inside the European Union because of its support for research, and he cannot fathom the popularity of presumptive candidate for U.S. president Donald Trump, saying he "seems to appeal to the lowest common denominator.”

(AP Photo/Matt Dunham, FILE)

George Clooney

In an interview with the Guardian the actor said this

"He's just an opportunist. Now he's a fascist; a xenophobic fascist."

(AP Photo/Thibault Camus)

John Oliver

The host of the Last week Tonight dedicated 20 minutes of his show to completely annihilate everything Trump stands for.

Click here to watch the Segment.

REUTERS/Lucy Nicholson

J.K. Rowling

The beloved author took to twitter and compared him to the worst of the worst, "How horrible. Voldemort was nowhere near as bad."

(Photo by Rob Stothard/Getty Images)

Robert De Niro

At the  22nd Sarajevo Film Festival Robert De Niro made his opinion very clear on what he thinks of Trump. "It's crazy that people like Donald Trump . . . he shouldn't even be where he is, so God help us"

REUTERS/Dado Ruvic

Lena Dunham

Lena Dunham spoke at the Democratic National Convention and had this to say about Trump. ""Donald and his party think I should be punished for exercising my constitutional rights, and his rhetoric about women takes us back to a time when we were meant to be beautiful and silent."

Dennis Van Tine/STAR MAX/IPx 

Mark Ruffalo

 Ruffalo and many more stars have signed a petition entitled #UnitedagainstHate to stand against Donald Trump

REUTERS/Benoit Tessier 

America Ferrera

America Ferrera wrote an open letter on the HuffingtonPost to Donald Trump thanking him for his portrayal of Latin immigrants. In her letter she states "You, Mr. Trump, are living in an outdated fantasy of a bigoted America. Last week, America celebrated some amazing milestones — marriage equality, universal healthcare, removing of the confederate flag — making it clear in which direction the country is moving. That is why racist remarks that play to extremists won’t change the tide, no matter how hard you try. They will only serve to rally more Latino voters to the polls. Your negativity and your poorly thought out speech ignited a fire in our community. Thank you, Mr. Trump!"

REUTERS/Lucy Nicholson

Sarah Silverman

In March 2016 Silverman tweeted this : 

"DRUMPF is NEGGING us and we've fallen for it - we're obsessed w this candidate we had no intention of ever acknowledging #TheGame'

(Photo by Jordan Strauss/Invision/AP)

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