Donald Trump is no longer on Forbes magazine’s list of America’s 400 richest people, for the first time in 25 years.
Amazon founder at the top of the list
Forbes presented Tuesday the list of the 400 richest people in the world. At the top is Amazon founder Jeff Bezos with a fortune of $ 177 billion. This is the fourth year in a row that Bezos tops the list.
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In second place is Tesla founder Elon Musk with a fortune of $ 151 billion, while Facebook boss Mark Zuckerberg is number three.
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– Trump has $ 2.5 billion in wealth
On the list of America’s richest former President Donald Trump excels with his absence. With an estimated fortune of 2.5 billion dollars, he no longer gets a place on the list.
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In 2019 he was number 275, and last year he was relegated to place number 339, and this year is the first time in 25 years that he is off the list.
Forbes writes that he lost $ 1 billion, or a third of his fortune, while he was president from 2017.
600 million of the losses disappeared during the corona pandemic, which is due to the fact that large parts of the fortune are located in hotels, which have performed poorly, and in real estate.
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Had he spread his investments more on, for example, a fund that covers the S&P index on Wall Street, the wealth would have been much larger, according to the Wall Street Journal.
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