As much as Donald Trump loves to brag about how rich he is, turns out he’s a lot less wealthy than he was a year ago.
Forbes magazine has just released their annual ranking of the 400 richest Americans has some very bad news for the Donald: His net worth has fallen drastically by $600 million, meaning he’s only worth an estimated $3.1 billion. That drops him 92 spots on the Top 400 list, from #146 to #248.
Ouch!
What led to the sudden drop in Trump’s worth? Forbes notes:
“A tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign.”
Ironically, America’s richest people are richer than they were in 2016, but not Trump.
For the 24th year in a row, Bill Gates tops the list, with an estimated net worth of $89 billion. Here’s the rest of the top 10:
- Jeff Bezos, Amazon, $67 billion
- Warren Buffett, Berkshire Hathaway, $65.5 billion
- Mark Zuckerberg, Facebook, $55.5 billion
- Larry Ellison, Oracle, $49.3 billion
- Michael Bloomberg, Bloomberg LP, $45 billion
- Charles Koch, Koch Industries, $42 billion
- David Koch, Koch Industries, $42 billion
- Larry Page, Google, $48.5 billion
- Sergey Brin, Google, $37.5 billion
And Trump fared even worse on the Bloomberg’s worldwide billionaires list, which rates his worth at $2.86 billion. That doesn’t even qualify him to be named as one of the 500 richest people in the world.
Expect a Trump Twitter meltdown before the end of business Tuesday.
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