signalmankenneth
Verified User
Come on Trump wipes, Trump needs 300 million dollars to get back into the Forbes 400 list?!!
Former President Donald Trump is no longer rich enough to be included in the Forbes 400, an annual ranking of America's wealthiest individuals, Forbes magazine said on Tuesday.
Trump is still a billionaire, with Forbes estimating his net worth at $2.6 billion. But that's down from the magazine's estimate a year earlier that the real estate tycoon was valued at $3.2 billion, which earned him a place on the 2022 rich list.
Trump's estimated net worth of $2.6 billion is $300 million short of the baseline to make the Forbes 400 list. The richest person in America is Tesla CEO Elon Musk, with a net worth of $251 billion, according to the ranking.
Tumbling from the Forbes 400 might seem like a minor problem for someone who is extremely wealthy and running a second time for the highest office in the U.S. But Forbes noted that the Forbes 400 is an "annual measurement that Trump has obsessed over for decades, relentlessly lying to reporters to try to vault himself higher on the list."
The exclusion also comes as Trump is facing a civil fraud trial in New York that accuses him of vastly overrepresenting his wealth and the values of many of his properties.
Why is Donald Trump off the Forbes 400 list?
Trump fell off this year's list because of Forbes' estimate that his net worth declined by $600 million compared with a year earlier. The culprit? Trump's social media business, Truth Social, Forbes said.
Truth Social has so far failed to live up to Trump's vision for the social media service, which the company had once predicted would top 40 million users this year. But with only three months left in 2023, Forbes estimates that Truth Social has signed up just 6.5 million users — about 1% of the users on X (the platform previously known as Twitter).
https://www.yahoo.com/finance/news/donald-trump-drops-forbes-400-174423859.html
Former President Donald Trump is no longer rich enough to be included in the Forbes 400, an annual ranking of America's wealthiest individuals, Forbes magazine said on Tuesday.
Trump is still a billionaire, with Forbes estimating his net worth at $2.6 billion. But that's down from the magazine's estimate a year earlier that the real estate tycoon was valued at $3.2 billion, which earned him a place on the 2022 rich list.
Trump's estimated net worth of $2.6 billion is $300 million short of the baseline to make the Forbes 400 list. The richest person in America is Tesla CEO Elon Musk, with a net worth of $251 billion, according to the ranking.
Tumbling from the Forbes 400 might seem like a minor problem for someone who is extremely wealthy and running a second time for the highest office in the U.S. But Forbes noted that the Forbes 400 is an "annual measurement that Trump has obsessed over for decades, relentlessly lying to reporters to try to vault himself higher on the list."
The exclusion also comes as Trump is facing a civil fraud trial in New York that accuses him of vastly overrepresenting his wealth and the values of many of his properties.
Why is Donald Trump off the Forbes 400 list?
Trump fell off this year's list because of Forbes' estimate that his net worth declined by $600 million compared with a year earlier. The culprit? Trump's social media business, Truth Social, Forbes said.
Truth Social has so far failed to live up to Trump's vision for the social media service, which the company had once predicted would top 40 million users this year. But with only three months left in 2023, Forbes estimates that Truth Social has signed up just 6.5 million users — about 1% of the users on X (the platform previously known as Twitter).
https://www.yahoo.com/finance/news/donald-trump-drops-forbes-400-174423859.html
