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Donald Trump's Place on Forbes' List of the Wealthiest Americans Slides Bigly

Accepted submission by -- OriginalOwner_ http://tinyurl.com/OriginalOwner at 2017-10-19 04:57:36 from the fortunes-declining-like-many-other-americans dept.
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AlterNet reports [alternet.org]

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 said the value of some of Trump's Manhattan real estate holdings had declined recently.

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.

In November, some thought that having a successful businessman at the helm would cure USA's ills. One wonders if this will increase the incidence of buyer's remorse among voters.


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