Apart from list of the 400 richest Americans compiled by the magazine Forbes the former president of the USA was found, Donald Trump, as he is no longer rich enough to be included.
In particular, Mr. Trump’s fortune is currently estimated at $ 2.5 billion, which is 400 million lower from that of the last person included in this year’s list, the magazine explained yesterday, Tuesday (5/10).
In 2020, Donald Trump ranked 339th on the list, but according to Forbes, his fortune fell by $ 600 million after the outbreak of the new coronavirus. As the report explains, the stock values of companies in the field of technology, cryptocurrencies and other resources increased rapidly.
Forbes: When did the tycoon’s downfall begin?
On the contrary, “property prices in big cities – which make up the bulk of Trump’s fortune – have plummeted, leaving the former president out of the most exclusive club in the world,” the Forbes columnist added, according to the APE-MPE.
Donald Trump was on the list every year since 1996, when he took 368th place. From 1997 to 2016, the year he was elected President of the United States, he was in the richest half of the people on the list. Nevertheless, since 2016 its decline began and has since continued to decline in the rankings, before being left out this year.
According to estimates, the peak of Mr. Trump’s fortune was recorded in 2015, when Forbes estimated that it reached $ 4.5 billion. The following year, it fell to $ 3.7 billion and from 2017 to 2019 was estimated at $ 3.1 billion.
The real estate businessman has repeatedly claimed that his election as president cost billions of dollars. As a resident of the White House, Mr. Trump entrusted the management of his business group to his sons, but the companies remained in his possession.
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