Trump Organization falls 37 spots on list of largest NY companies
It's fall in the family.
The Trump Organization's profile among New York companies is following a similar trajectory as President Trump's poll numbers, according to Crain's New York Business latest list.
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Public filings show that the President's family business, currently headed up by Eric Trump and Donald Trump Jr., is worth one-tenth of the value that it was last year, when it made $9.5 billion in sales.
This year it brought in $600 million to $700 million, Crain's says, the bigly loss moving the company from the number 3 spot all the way to number 40.
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However, in an interview with NPR, Crain's reporter Aaron Elstein suggested that last year's figures were less than reliable.
"It was obviously important to Donald to have his company at the top of the list and I don't know why he felt that way but the numbers that he presented are just flagrantly untrue," Elstein said.
Although the "failing" New York Times isn't on the list since it's a publicly traded company, other media companies such as Hearst and Vice trounced the Trumps, coming in at number 1 and number 25 respectively.
In January, President Trump claimed he had resigned “from each and every office and position I hold” and that his sons Don and Eric would run his businesses.
He faces an ongoing federal lawsuit launched by the group Citizens for Responsibility and Ethics in Washington to "stop President Trump from violating the Constitution by illegally receiving payments from foreign governments," citing his failure to place his business interests into a blind trust.
The Trump Organization failed to respond to a Daily News request for comment.