Trump dropped from Forbes 400 list of wealthiest Americans during civil fraud trialBy Melissa Koenig
Published Oct. 4, 2023
Former President Donald Trump has fallen out of the Forbes 400 list of wealthiest Americans while his trial continues for allegedly overinflating the value of his many properties.
“With an estimated $2.6 billion fortune, he is $300 million shy of the cutoff” for the “annual measurement that Trump has obsessed over for decades, relentlessly lying to reporters to try to vault himself higher on the list,” the magazine said Tuesday.
His net worth is now down more than $600 million from the same time last year, Forbes reported as Trump returned to court for the second day.
The main reason for Trump’s financial decline is his stalled deal to merge his Truth Social platform with his other assets in a special purpose acquisition company, or SPAC, according to Forbes — something he announced he would do just weeks after previously falling off the list in 2021.
Only about 6.5 million people have signed up for Truth Social so far, Forbes reports, or about 1% of the total of X, the new name for Twitter.
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Source:
https://nypost.com/2023/10/04/trump-dropped-from-forbes-400-list-of-wealthiest-americans/
