WASHINGTON, DC - SEPTEMBER 27: U.S. President Donald Trump reacts to a question during a news conference in the Briefing Room of the White House on September 27, 2020 in Washington, DC. Trump is preparing for the first presidential debate with former Vice President and Democratic Nominee Joe Biden on September 29th in Cleveland, Ohio (Photo: Getty)
Former President Donald Trump fell off the Forbes‘ annual report of the 400 wealthiest Americans, the first time he was excluded from the list in 25 years.
According to the report, Trump’s worth was estimated at $2.5 billion, $400 million short of this year’s cutoff.
Trump’s wealth decreased by about $600 million since the pandemic started in 2020. His properties and real estate from his Trump Organization are mostly in big cities or in the hospitality industry.
“If Trump is looking for someone to blame, he can start with himself,” Forbes wrote Tuesday. “Five years ago, he had a golden opportunity to diversify his fortune.”
Subscribe to our free weekly newsletter!
A week of political news in your in-box.
We find the news you need to know, so you don't have to.
“Fresh off the 2016 election, federal ethics officials were pushing Trump to divest his real estate assets,” the report added. “That would have allowed him to reinvest the proceeds into broad-based index funds and assume office free of conflicts of interest.”
Meanwhile, the richest people in the United States got even richer in the past year, according to Forbes.
The report estimated that the total wealth of the richest 400 people on its list got bigger by 40% from 2020, reaching $4.5 trillion in total.
https://youtu.be/bi1yuRyy2To Rep. Victoria Spartz (D-Indiana) was drowned out by boos at a town hall meeting…
Former Rep. Cori Bush's (D-Missouri) husband has been charged with two counts of wire fraud…
Minnesota state Sen. Justin Eichorn (R) has resigned from his position after he was federally…
Legal experts have claimed that Commerce Secretary Howard Lutnick's promotion of Tesla stocks raises significant…
Rep. Andy Ogles (R-Tennessee) has proposed an amendment to the U.S. Constitution to allow presidents to serve…
Following the clash between President Donald Trump and Ukraine President Volodymyr Zelensky at an Oval…
