Trump for the first time in 25 years did not make the list of the richest Americans

The 45th President of the United States, Donald Trump, for the first time in 25 years did not make it into Forbes magazine's annual ranking of the 400 richest Americans. Voice of America.

Photo: Shutterstock

According to Forbes, Trump's fortune is estimated at $ 2,5 billion, which is $ 400 less than the amount needed to be included in the list of the year.

Since the beginning of the COVID-19 pandemic, Trump's fortune has decreased by $ 600 million.

This is largely due to the impact of the pandemic on real estate in major cities, which makes up much of Trump's fortune.

In 2020, it took 339th place, and in 2019 - 275th.

Trump was included in the list every year from 1996 to 2020, as well as every year from 1982-1989.

On the subject: Trump sues his niece over his tax disclosures

In the 2021 ranking, the heads of technology companies are leading. First place went to Amazon founder Jeff Bezos, whose fortune is estimated at $ 201 billion. The head of Tesla and SpaceX Elon Musk took second place with a fortune of $ 190,5 billion.

Trump's wealth controversy

“I am really rich,” he said in his presidential speech back in 2015, writes CNN.

According to Forbes, his net worth is the same as last year, but has dropped significantly since the beginning of his presidency. In 2016, Trump's fortune was $ 3,7 billion.This amount fell to $ 3,1 billion in 2017 and remained at this level in 2018-2019.

Falling off the Forbes list will hit Trump hard, who cares about ratings such as public proof of his many successes.

“In May 1984, an official from the Trump Organization called me and told me how rich Donald Trump was. For the third year in a row, I've compiled Forbes 400, the annual ranking of America's richest people. We have estimated Trump's assets at $ 200 million, which is only one-fifth of what he claimed in the interview, ”said reporter Jonathan Greenberg.

You may be interested in: top New York news, stories of our immigrants and helpful tips about life in the Big Apple - read it all on ForumDaily New York

Trump's wealth, like the promise that he can make every American rich, was at the center of his 2016 campaign. In the same speech in which he declared that he was "really rich," Trump said: "I have assets - a large accounting firm, one of the most respected, and this is $ 9,24 billion. With the increase, it will reach $ 10 billion."

Trump's net worth, as documented by Forbes, has always been significantly less than he has publicly stated, although no one disputes that he is a wealthy man.

How rich Trump really is is more than just a matter of debate. As The New York Times documented after obtaining two decades of Trump's tax returns, the businessman has large debts that will come due in the next few years.

The Times wrote about Trump in September 2020: “It looks like he has not paid the principal on the Trump Tower mortgage, and the entire $ 100 million is due in 2022. And if he loses his tax refund dispute with the IRS, he owes the government more than $ 100 million. He appears to be responsible for loans totaling $ 421 million, most of which are due in four years. "

Trump's financial position may well be the deciding factor as he plans to run for president again in 2024.

Read also on ForumDaily:

Trump demands the withdrawal of the Pulitzer Prizes of the publications covering his connection with Russia

'Let's talk when they leave': former Trump spokesman claims he was harsh with Putin only on cameras

Twitter users will be able to receive bitcoins for tweets: how it works

Trump sues his niece over his tax disclosures

Together with Elon Musk and Biden: Navalny entered the list of the most influential people according to Time

Scandalous memoir: US general secretly took away the right to use nuclear weapons from Trump

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.