Low blow to Donald Trump’s ego. The ex-US president, known to be in need of recognition, is no longer among the 400 richest Americans, according to Forbes magazine. However, his fortune is still enormous.
Former US President Donald Trump did not make it onto the “Forbes” list of the 400 richest Americans for the first time in a quarter of a century.
Although Trump’s fortune is estimated at 2.5 billion dollars (2.16 billion euros) like last year, the business magazine reported on Tuesday (local time). After a 339th place in 2020, the fortune this year was no longer enough for the top 400 – he would have lacked $ 400 million. Since the beginning of the pandemic, the fortune of the former construction mogul has decreased by an estimated $ 600 million, which is mainly due to the stagnating value of real estate in metropolitan areas.
Donald Trump: After the election victory, the decline began
“Forbes” reported that Trump had been part of the “most exclusive club in the nation” since 1996 (at number 368 at the time). From 1997 to 2016 – the year he was elected – he found himself in the top half of the list. His decline began in 2016, however, and since then Trump has continued to deteriorate in the ranking – until he has now completely disappeared from the list. According to estimates, Trump was the richest in 2015, when Forbes valued his fortune at $ 4.5 billion. The following year it was $ 3.7 billion, and from 2017 to 2019 it was still $ 3.1 billion.
During the presidency, Trump handed over the management of his corporate conglomerate to his sons. The companies remained in his possession. Trump said time and again during his tenure that the presidency would cost him billions of dollars. Critics accused him of making a profit from the presidency. For example, he held events at his property that media reports said were billed to the government or his Republican party.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
