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.

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.

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...read more