Ex-President Trump, for the first time in many years, was not included in the Forbes list of 400 richest citizens in the United States.
The former American president’s fortune is now estimated at $ 2.5 billion, while the last-ranked Forbes list has $ 400 million more, APE-MPE reports.
Last year, Donald Trump was on the 339th place on the list, but according to Forbes, after the outbreak of the coronavirus, he managed to lose $ 600 million. As the report says, the value of shares of companies in the field of technology, cryptocurrencies and other resources grew rapidly, but:
“Real estate prices in the big cities, which make up most of Trump’s fortune, have plummeted, leaving the former president out of the most exclusive club in the world.”
Every year since 1996, Trump has been on the prestigious list. In the first year, he was ranked 368th. From 1997 to 2016, when he was elected President of the United States, he was in the richest half of the people on the list. But starting in 2016, the ex-president began to lose ground, until this year he completely left the list.
The peak of Trump’s prosperity was marked in 2015, his fortune was estimated by Forbes at $ 4.5 billion. But already next year it amounted to $ 3.7 billion, and from 2017 to 2019 it was estimated at $ 3.1 billion.
The businessman has repeatedly stated that the presidency has cost him billions of dollars. During the years when he served as head of state, Trump entrusted the management of the business group to his sons, but the companies remained in his possession.