Forbes magazine has released its annual list of America’s 400 wealthiest people and, for the first time since 1995, one name is notable only by its absence—Donald Trump. The ex-president has featured on every single Forbes 400 since 1996—usually in the top half—but the magazine reported that Trump’s estimated $2.5 billion fortune is $400 million short of this year’s cutoff to get on the list. Forbes wrote that Trump’s net worth has shrunk by $600 million since the start of the coronavirus pandemic because his portfolio is mainly made up of big-city properties that have sat relatively empty for the past year and a half. The magazine added that Trump had a golden opportunity to offload his assets at the start of his presidency and is now paying the price for not doing so. It stated: “If Trump is looking for someone to blame, he can start with himself.”
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Trump Tumbles Off Forbes Rich List After COVID Pandemic Slashes His Fortune
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The magazine wrote: “If Trump is looking for someone to blame, he can start with himself.”
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