The magazine reported that former US President Donald Trump and real estate mogul dropped out of the Forbes 400 list of America’s richest people for the first time in 25 years.
A Forbes report states that Trump has the same wealth as he had a year ago, but he is down USD 600 million since the start of the COVID-19 pandemic.
Trump’s net worth is around USD 2.5 billion, making him USD 400 million short of the cutoff to make it to this year’s Forbes list.
The report said that Trump had a golden opportunity during the US presidential election. “Fresh from the 2016 election, federal ethics officials were prompting Trump to sell his real estate assets,” Forbes reported. would have been allowed to assume free office.”
However, the former US President had decided to hang onto his estate. “At the time, after deducting debt, they were worth an estimated $3.5 billion.”
The magazine said Trump was to blame for this drop in the standings. “If Trump is looking for someone to blame, he can start with himself.”
A few days before entering the White House, Trump noted that he could “really run my business and run the government at the same time.”
“I don’t like the way it looks, but I could do it if I wanted to. I’d be the only one who would be able to do it,” Trump was quoted as saying by Forbes.
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