Trump plummets 300 spots on Forbes billionaires list as former president’s fortunes continue to tankavril 6, 2021
Former President Donald Trump plummeted on the Forbes billionaire ranks published on Tuesday, as the magazine reported he could have been billions of dollars richer had he divested from his private businesses during his tenure in the Oval Office.
Falling 300 spots on the coveted list, the former president — who has long boasted about his status as a billionaire — Mr Trump qualified for No. 1,299 on this year’s Forbes billionaires list.
The former president’s tanking fortunes drew stark comparisons to the massive amount of wealth the world’s wealthiest individuals had accrued over the last few years, as Mr Trump delivered substantial tax cuts for corporations and the richest Americans in the country. His current net worth stands at $2.4 billion, Forbes reported.
Mr Trump’s network of hotels and golf courses faced financial hardship at several notable locations over the last several years, from his building on New York City’s iconic fifth avenue, which reportedly lost $217 million over his years in office, to his tower in the financial district, which lost an estimated $195 million.
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