Trump net worth: Ex-president plummets down richest billionaires list

Trump net worth: Ex-president plummets down richest billionaires list


Trump net worth: Ex-president plummets down richest billionaires list

Trump net worth: Ex-president plummets down richest billionaires list

Former President Donald Trump plummeted on the Forbes billionaire ranks published on Tuesday, as the magazine reported he could have been billions of dollars richer had he divested from his private businesses during his tenure in the Oval Office. 

Falling 300 spots on the coveted list, the former president — who has long boasted about his status as a billionaire — Mr Trump qualified for No. 1,299 on this year’s Forbes billionaires list. 

The former president’s tanking fortunes drew stark comparisons to the massive amount of wealth the world’s wealthiest individuals had accrued over the last few years, as Mr Trump delivered substantial tax cuts for corporations and the richest Americans in the country.  His current net worth stands at $2.4 billion, Forbes reported.

Mr Trump’s network of hotels and golf courses faced financial hardship at several notable locations over the last several years, from his building on New York City’s iconic fifth avenue, which reportedly lost $217 million over his years in office, to his tower in the financial district, which lost an estimated $195 million.

Some entities Mr Trump owned during his time in office saw steady profits over the last several years, including 555 California Street in San Francisco, where Forbes reported key tenants — including Bank of America and Goldman Sachs — resigned leases despite distancing themselves from the former president.

This is a developing story and will be updated. Stay tuned for more.


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