Donald Trump Falls Off Forbes List Of America’s Most Richest People
Former President Trump didn’t make the cut for the Forbes’s list of America’s richest people.
Trump’s fortune has fallen to $2.5 billion, listed by the Forbes 400 on Tuesday, which is $400 million short of the cutoff needed to be placed on the list.
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According to reports this is the first time in 25 years that Trump hasn’t made the list. From 1997 to 2016 Trump was always on the top half of the list, but that has changed ever since he became president.
Forbes stated Trump would have been worth almost $7 billion by September 2021 in an alternative scenario, but some of the financial decisions he has made took him down a slippery slope.
One decision Forbes said cost Trump $2 billion was keeping hold of his assets when he became President of the United States. According to reports, he could have earned $4.5 billion by 2021.
Another blow to Trump’s fortune was the handling of the coronavirus pandemic.
Some businesses made money during the pandemic but Donald Trump on the other hand lost a lot of money. Forbes is saying that Trumps main money only comes from his big city properties.
In April, Forbes’s billionaires list revealed Trump dropped 300 spots and his fortune went down by more than $1 billion during his presidency.
It seems ever since Trump became president his pockets took a big hit! Socialites what are your thoughts on this?