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Trump Drops Out of the Top 400 Richest People in the World for the First Time in 25 Years

The former president lost much of his wealth while he was in charge of running the White House in Washington

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Former President Donald Trump left, for the first time in the last 25 years, the list of the 400 largest fortunes in the world established by Forbes magazine, according to a statement from the magazine itself.

The tycoon’s fortune is now calculated at $2.5 billion, an amount approximately equal to that of a year ago, when he ranked 339th among the richest, but this year Trump’s main businesses, focused on real estate, have stagnated in the face of the push shown by cryptocurrencies and the technology sector, where he is absent.

Compared to the figures before the pandemic, Trump’s fortune has fallen 600 million, which Forbes attributes to not having diversified his fortune and reinvesting in new sectors, as his advisors advised him when he became president in 2016.

Forbes includes a graph with the evolution of Trump’s fortune since 1996, the year in which his most spectacular rise occurred and which made him approach the 100 richest people in the world; with some ups and downs, his fortune remained stable between 2000 and 2015, but from there began its fall.

During the years of his presidency, his fortune has not stopped falling. In 2016 he dropped out from the list of the 200 richest, in 2020 from the list of the 300 and finally this year dropping out the list of the 400.

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