AlterNet reports
Donald Trump has dropped 92 places in the Forbes list of wealthiest Americans, with the magazine putting his wealth at $3.1bn, down from $3.7bn last year.
[...] Forbes ranked the first billionaire president as the 248th wealthiest person in America. The year before, he was ranked 156th.
As a candidate, Trump said his net worth was more than $10bn, but Forbes pegged that figure at $4.5bn in September 2015. By Forbes' estimates, Trump's wealth has fallen 31% in two years.
According to Forbes' story:
It was another record year for the wealthiest people in America, as the price of admission to the country's most exclusive club jumped nearly 18% to $2 billion. Even at these new heights, entrepreneurs are breaking into the ranks for the first time as they mint fortunes in everything from telecom to booze to fishing. There were 22 newcomers, 14 of whom are self-made entrepreneurs. Among the most notable: Arizona iced tea cofounder Don Vultaggio; Netflix cofounder Reed Hastings; Tito Beveridge, the creator of Tito's Handmade Vodka; Chuck Bundrant, whose Trident Seafoods sells his fish to places like McDonald's and Burger King; and Rocco Commisso, founder of cable TV and broadband firm Mediacom and owner of the New York Cosmos, a soccer club based in Brooklyn.
The most notable loser was President Donald Trump, whose fortune fell $600 million to $3.1 billion. A tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign all contributed to the declining fortune of the 45th president.
If you prefer, you can just go straight to the list [Edit - that requires JS from www.forbes.com and i.forbesimg.com, JS-phobes can get just the raw numbers here -- FP].
In November, some thought that having a successful businessman at the helm would cure USA's ills. I wonder if this will increase the incidence of buyer's remorse among voters.
| Links |
printed from SoylentNews, Donald Trump's Place on Forbes' List of the Wealthiest Americans Slides Bigly on 2024-04-23 06:57:05