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Donald Trump, the former President and business magnate, has been a fixture on the Forbes 400 list of the wealthiest individuals in the United States for a quarter-century. Trump’s financial standing positioned him among the top earners in the list until his presidency began in 2017. However, in the latest Forbes 400 edition, Trump is notably absent.
As per Forbes, Trump’s current estimated net worth stands around $2.5 billion, falling $400 million short of the cutoff for the list. Analysts suggest that if Trump had diversified or adjusted his assets while in office, he could have potentially increased his wealth to $4.5 billion.
A significant portion of Trump’s wealth comes from real estate holdings, including prominent high-rise properties in New York City, as well as ventures in the hospitality sector like golf courses. Both these sectors suffered during the COVID-19 pandemic, with urban exodus impacting real estate and lockdowns hitting hospitality businesses hard.
Donald Trump is Off Forbes’ List of the 400 Richest Americans for the First Time in 25 Years https://t.co/Ise1RqhuQh
— Mediaite (@Mediaite) October 5, 2021
Forbes analysts speculate that had Trump navigated his presidency differently or not assumed office, he could have amassed over $7 billion in total earnings. Instead, his net worth saw a decline of more than $1 billion during his tenure, ultimately leading to his exclusion from the prestigious Forbes 400 list.
