Donald Trump's net worth drops by a whooping $600 million in new Forbes' list
The Forbes list of 400 richest Americans shows that US President, Donald
Trump's fortune fell by $600 million to $3.1 billion. As a result he
dropped to #248 on the list, after coming in at #156 last year.
The magazine attributed his decline in wealth to "a tough New York
real estate market, particularly for retail locations; a costly lawsuit
and an expensive presidential campaign."
Bill Gates tops the list for the 24th straight year with a net worth
estimated at $89 billion. Amazon founder and CEO Jeff Bezos, worth $81.5
billion, held on to the No. 2 spot he first claimed in 2016. Warren
Buffett, remains No. 3 with a fortune worth $78 billion.
Overall the richest 400 Americans now have a combined net worth of
$2.7 trillion, another record according to the magazine's ranking, up
from $2.4 trillion in 2016. That comes out to an average net worth of
$6.75 billion for those on the list.
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