President Trump, the first self-proclaimed billionaire to occupy the White House, has long asserted that he is one of the world’s best businessmen and investors. But these days, as stocks tumble because of the coronavirus outbreak, he’s losing money like everyone else. Mr. Trump doesn’t have a lot of his wealth in the stock or bond markets. What money he does have invested there — scattered across two dozen stock and bond funds — appears to be performing no better than the S&P 500 during this year’s financial crash. The S&P 500, which recently entered a so-called bear market, has lost about 16 percent of its value this year as investors brace for a global economic downturn.

Source: New York Times March 14, 2020 14:26 UTC