Bloomberg's and Forbes' estimates of Donald Trump's net worth are far lower than his own.
US President Donald Trump's net worth has declined to $2.8 billion, the lowest since his 2016 presidential campaign first started, according to a report by Bloomberg.
Trump's net worth declined by over $100 million last year due to a fall in revenue from Trump Tower in Manhattan and his golf courses.
His net worth also took a beating after his name was taken off buildings in Manhattan, Panama and Toronto.
This is only the second time the US president's net worth at the end of a year was lower than when it started.
The report used data compiled by the Bloomberg Billionaires Index. Trump's net worth last June was $2.9 billion, the reported stated.
The numbers contradict the business magnate-turned-politician's own estimates of his net worth. Trump has previously claimed he is worth $8.7 billion.
Forbes, too, estimates Trump's net worth at around $3 billion, as at the end of February.After winning the presidential election in 2016, Trump made a controversial decision of not selling off assets that could have created a conflict of interest. He instead decided to put his sons Eric and Donald Jr. in charge of his company.