Wealth declines, Trump falls off the list of America's richest people after 25 years

Former President Donald Trump was not included in the annual Forbes 400 list of the wealthiest Americans for the first time in 25 years.

Former President Donald Trump was not included in the annual Forbes 400 list of the wealthiest Americans for the first time in 25 years.
Former President Donald Trump was not included in the annual Forbes 400 list of the wealthiest Americans for the first time in 25 years.

According to USA Today, Forbes reported that the former US leader's fortune is estimated at $2.5 billion, $400 million short of the limit to make this year's list.

Trump's fortune has dropped by $600 million since the start of the COVID-19 pandemic. The drop was largely due to the impact of the pandemic on the major city properties, which make up the bulk of Trump's fortune.

In fact, Mr. Trump's ranking on the Forbes 400 list of America's richest people has plummeted since last year. He ranked only 339 on the 2020 list, down from 275 in 2019.

The billionaire - former US president has entered the annual Forbes list consecutively from 1996 to 2020. Before that, he was also on the Forbes 400 list from 1982 - 1989.

Tech leaders dominated the top rankings on Forbes' 2021 list. Amazon founder Jeff Bezos leads the list with an estimated net worth of $201 billion. Elon Musk of Tesla and SpaceX is in second place with an estimated fortune of $190.5 billion. Facebook founder and CEO Mark Zuckerberg and Microsoft founder Bill Gates are the two names following the top positions on the list.

According to Forbes, former President Trump is not the only person to be removed from this year's list. A total of 51 people, including famous billionaires like "Talk-Show Queen" Oprah Winfrey, also dropped from the ranking.

Mr. Trump has challenged Forbes' wealth estimates and ratings in the past. Earlier this year, Forbes reported his name fell nearly 300 places on the billionaire rankings during his presidency, as his fortune fell from $3.5 billion to $2.4 billion during his time in office.

"If Mr. Trump is looking for someone to blame, he can start with himself," the magazine said.

Donald Trump has an estimated net worth of $2.5 billion, leaving him $400 million short of being included in this year's Forbes 400 list of America's richest people. A year ago, the real estate mogul was still at number 339 on the rankings, but his fortune has dropped by $ 600 million since the pandemic began. Tech stocks, cryptocurrencies, and other assets have thrived in the COVID era. But real estate in major cities - where the majority of Mr. Trump's fortune is made - has worn out, displacing the former president from the nation's most elite club." major popularity ratings said.

Forbes added that five years ago, real estate mogul Donald Trump turned politician had a "golden opportunity to diversify his wealth" when federal officials pushed him to divest. But Mr Trump didn't, and in the process missed the opportunity to "reinvest the proceeds into funds and take up his position in the country without creating a conflict of interest".

Google Tech News

Post a Comment

Previous Post Next Post