2021-04-06 17:12:38 UTC
Former President Trump fell nearly 300 spots on the Forbes billionaires list
after his fortune decreased by more than $1 billion during his four years in
Trump ranked 1,299 on the Forbes billionaires list, released on Tuesday, with an
estimated worth of $2.4 billion.
Last year, Trump ranked 1,001 on the list.
Forbes reported that Trumps estimated net worth in January 2017, when he
entered office, was $3.5 billion.
Forbes noted, however, that Trump is richer now than he was a year ago, when the
outlet released their valuations at the beginning of the pandemic. His ranking
slipped, Forbes wrote, because he could not keep pace with the other
billionaires on the list who saw their fortunes rise.
The Hill has reached out to Trump for comment.
Bloomberg News reported similar statistics last month, when they found that the
former presidents net worth fell from $3 billion to $2.3 billion over the
course of his presidency.
Bloomberg noted that the coronavirus pandemic and fallout from the deadly Jan. 6
Capitol attack heavily impacted his business empire.
Several of Trumps businesses, including hotels, casinos and office spaces, were
hurt during the pandemic, when workplaces shuttered and tourism came to a halt
because of global travel restrictions.