President Trump's net worth is slipping due to one cause

President Trump's net worth appears to be slipping.

That's according to the Bloomberg Billionaires Index which estimates Trump's net worth has dropped by $100 million dollars from a year ago.

That puts Trump's net worth at an estimated $2.9 billion, down from last year's $3 billion.

Looking at the documents that are publicly available, it appears Trump's downward climb is largely due to a drop in property value for three of his New York City buildings.

Those buildings include 40 Wall Street, Trump Tower, and 1290 Avenue of the Americas, which are now valued at $380 million dollars. All three took in significantly less money than their initial appraisal.

It hasn't been a complete wash for the president though. His liquid assets have increased $60 million.

Unsurprisingly, Trump's go-to weekend club Mar-a-Lago saw a 25% rise in sales.

When then-candidate Trump first threw his hat into the ring, he boasted to be worth in excess of $10 billion dollars determined by the value of his name. Later he said his stated net worth fluctuates based on his mood.

See recent images of President Trump:

14 PHOTOS
The Trump family's first trip to Camp David
See Gallery
The Trump family's first trip to Camp David
President Donald Trump, First Lady Melanie Trump, and their 11-year-old son Barron, arrived on Marine One, on the South Lawn of the White House, on Fathers Day, Sunday, June 18, 2017. The First Family was returning from a weekend at Camp David. (Photo by Cheriss May) (Photo by Cheriss May/NurPhoto via Getty Images)
US President Donald Trump, First Lady Melania Trump, and son Barron make their way to board Marine One on the South Lawn of the White House on June 17, 2017 in Washington, DC. Trump is heading to the Camp David presidential retreat where he was due to spend the weekend. / AFP PHOTO / MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
US President Donald Trump, First Lady Melania Trump, and son Barron make their way to board Marine One on the South Lawn of the White House on June 17, 2017 in Washington, DC. Trump is heading to the Camp David presidential retreat where he was due to spend the weekend. / AFP PHOTO / MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
US President Donald Trump, First Lady Melania Trump, and son Barron make their way to board Marine One on the South Lawn of the White House on June 17, 2017 in Norristown, Pennsylvania. Trump is heading to the Camp David presidential retreat where he was due to spend the weekend. / AFP PHOTO / MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
Viktor and Amalija Knavs, the parents of US First Lady Melania Trump, make their way to board Marine One on the South Lawn of the White House on June 17, 2017 in Washington, DC. Trump is heading to the Camp David presidential retreat where he was due to spend the weekend. / AFP PHOTO / MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
Marine One, with The Washington Monument and The Thomas Jefferson Memorial in the background, carrying President Donald Trump, First Lady Melanie Trump, their 11-year-old son Barron, and Melania's parents, Viktor and Amalija Knav, landed on the South Lawn of the White House, on Fathers Day, Sunday, June 18, 2017. The First Family was returning from a weekend at Camp David. (Photo by Cheriss May) (Photo by Cheriss May/NurPhoto via Getty Images)
First Lady Melanie Trump, with the refletion of her 11-year-old son Barron in her sunglasses, walks across the South Lawn of the White House, on Fathers Day, Sunday, June 18, 2017. The First Family was returning from a weekend at Camp David. (Photo by Cheriss May) (Photo by Cheriss May/NurPhoto via Getty Images)
President Donald Trump, First Lady Melanie Trump, and their 11-year-old son Barron, walk across the South Lawn of the White House, on Fathers Day, Sunday, June 18, 2017. The First Family was returning from a weekend at Camp David. (Photo by Cheriss May) (Photo by Cheriss May/NurPhoto via Getty Images)
U.S. President Donald Trump with first lady Melania and their son Barron walk to the White House in Washington, U.S. following their arrival from Camp David June 18, 2017. REUTERS/Eric Thayer
WASHINGTON, DC - JUNE 18: President Donald Trump, First Lady Melania Trump and their son, Barron Trump, cross the South Lawn after arriving at The White House on June 18, 2017 in Washington, D.C. President Trump spent the weekend at Camp David. (Photo by Zach Gibson/Getty Images)
First Lady Melanie Trump, with the refletion of her 11-year-old son Barron in her sunglasses, walks across the South Lawn of the White House, on Fathers Day, Sunday, June 18, 2017. The First Family was returning from a weekend at Camp David. (Photo by Cheriss May) (Photo by Cheriss May/NurPhoto via Getty Images)
Viktor and Amalija Knavs, the parents of US First Lady Melania Trump, walk across the South Lawn upon return to the White House on June 18, 2017 in Washington, DC. US President Donald Trump returned to the White House after spending the weekend at the Camp David presidential retreat with his family. / AFP PHOTO / MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
President Donald Trump, First Lady Melanie Trump, their 11-year-old son Barron, and Melania's parents, Viktor and Amalija Knav, arrived on Marine One, on the South Lawn of the White House, on Fathers Day, Sunday , June 18, 2017. The First Family was returning from a weekend at Camp David. (Photo by Cheriss May) (Photo by Cheriss May/NurPhoto via Getty Images)
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.