Disgraced Former president Donald Trump tumbles nearly 300 spots in Forbes billionaire rankings

[DonViejo]

Former president Donald Trump tumbles nearly 300 spots in Forbes billionaire rankings

David Jackson

USA TODAY

WASHINGTON – The presidency appears to have cost Donald Trump more than $1 billion in wealth.

Trump tumbled nearly 300 spots on Forbes' billionaire rankings during his presidency, the magazine reported this week, with his estimated wealth falling from $3.5 billion to $2.4 billion during his four-year term.

That's still good enough for 1,299th place on the magazine's new billionaire list, down from 1,001st last year.

The list is topped by a frequent political target of Trump: Amazon and Washington Post owner Jeff Bezos, whose wealth is tagged at $177 billion.

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https://www.usatoday.com/story/news/politics/2021/04/07/donald-trump-tumbles-nearly-300-spots-forbes-billionaire-rankings/7122778002/

[Harker]

1. He should be #1

on the "most wanted" list.

[Johnny2X2X]

2. Who knows what his real wealth is

He is a tax cheat, he hides his assets, but he also wants to brag about how rich he is.

I don't think for a second though that being President harmed him financially. He cut backroom deal after backroom deal to enrich himself from official President actions.

[PatSeg]

11. I was thinking the same thing

Though I think he has far less than he claims to have. He never tells the truth about anything, especially when it comes to money.

[IrishAfricanAmerican]

3. Billionaire....

[SoonerPride]

4. He has a negative net worth.

I am worth more than he is.

For real.

[Hugin]

6. If I were to lay a penny on the back of a toilet...

it would be worth more than the former guy.

With change.

[SoonerPride]

7. Hahahha yes exactly.

[Hugin]

5. There's gonna be a spanking down at...

Mar-a-COVIDhole, tonight.

1,299th place? What? Is that like a courtesy clap from Forbes?

[Mysterian]

8. Having the great honor to become president

and then acting like a complete and total asshole for four years might be bad for business.

[BSdetect]

9. So do they only count known or visible wealth / assets?

[ProfessorGAC]

10. I Call B.S.

$800 million tops, net. Meaning he's made no more than 77.7% return in 31 years.
At best. 1.85% annualized over a period of time where index funds averaged over 9.5%.
Forbes is still ignoring the German, Russian, & Chinese loans & they are still overvaluing assets.
The asset value is more than $900 million higher than that of Moody's.

[PatSeg]

12. I agree

It is highly unlikely he is a "billionaire". The man is terrible when it comes to money and we know he has some outrageous debt.

[stillcool]

13. just wait until his loans come due.