Former U.S. President Donald Trump no longer meets the financial criteria for inclusion in Forbes magazine’s prestigious Forbes 400 list. Forbes now estimates his net worth at $2.6 billion, a decrease from the previous year’s estimate of $3.2 billion, which had secured his spot on the 2022 rich list.
Trump’s estimated net worth of $2.6 billion falls $300 million short of the threshold for entry into the Forbes 400 list.
At present, the wealthiest individual in America is Tesla CEO Elon Musk, boasting a net worth of $251 billion according to Forbes’ rankings. It’s worth noting that Forbes pointed out that the Forbes 400 has been an “annual benchmark that Trump has fixated on for decades, often providing inaccurate information to reporters in an attempt to elevate his standing on the list.”
Trump’s absence from the Forbes 400 coincides with his ongoing civil fraud trial in New York, where he faces allegations of significantly inflating his wealth and property values.
Trump’s omission from this year’s list is attributed to Forbes’ calculation that his net worth has decreased by $600 million compared to the previous year. This reduction is associated with Trump’s venture into the social media industry with Truth Social, a project that has not met his envisioned success. Forbes approximates that Truth Social has registered a mere 6.5 million users, which is approximately 1% of X’s (formerly known as Twitter) user base.
