Since entering the White House, Donald Trump has lost a small fortune and has dropped 300 places on Forbes’ world billionaires list.
Trump plummets 300 places on the world billionaires list
Trump was the only US president in history who was also a billionaire.
While not exactly reputable, his position as an entrepreneur was widely known before he took office in 2017; however, his fortune has been subject to serious blows, both during and after the end of his first and only term. So much so, it has plummeted 300 places in the ranks of Forbes billionaires.
The publication described how his net worth had suffered a sharp drop from $ 3.5 billion to $ 2.4 billion; meanwhile, the S&P 500 rose by 70%.
In the last year of his presidency, his fortune fell to around $ 700 million amid his second impeachment trial and the fury surrounding the Capitol riots.
Forbes wrote how Trump’s finances have suffered as a result of refusing to dispose of his assets when he took office. He is currently at No.1,299 on the list, a 300-spot drop from 1001 in 2020.
While his net worth is higher than it was then, other billionaires have continued to climb the rich list. Recently, it was announced that Kim Kardashian had officially reached nine-digit status.
His hotel management arm lost a total of $ 163 million, and real estate analyst Kevin Brown told the publication: “ It has done permanent damage to Trump’s name and image, for at least two or three decades.” worse than others for Trump, Bloomberg reports.
For example, Trump’s name has appeared in at least 19 books, starting with The Art of the Deal in 1987, going through The Art of the Comeback, and much later, Crippled America.