Dubai, United Arab Emirates (CNN)– “I’m really rich,” Donald Trump said in his 2015 presidential proclamation speech. indeed! But according to a newly released Forbes ranking, Trump is no longer among the 400 richest people in America, leaving him off the list for the first time in more than twenty years.
Trump, who has a net worth of $2.5 billion, missed the list with a difference of about $400 million. His fortune remains similar to last year, but according to Forbes, it has fallen dramatically since the beginning of his presidency. In 2016, Trump’s fortune was $3.7 billion, according to the same magazine. But it fell to $3.1 billion in 2017 and stayed at that level in 2018 and 2019.
. Dan Alexander, an editor at Forbes, wrote: “If Trump wants to blame someone, start blaming himself. Five years ago, he had a golden opportunity to diversify his fortune. After the 2016 election, ethics officials urged Trump to give up his real estate assets. And he It would not have allowed him to reinvest the proceeds of those assets in commodity index funds and take a position free of any conflict of interest… but he decided to stick to these assets.”
Trump’s net worth, as documented by Forbes, has always been much lower than he publicly claims, and no one would argue that he is rich.
Contrary to tradition, Trump did not release any tax returns either during his presidential run or in office.
Here is a look at the infographic above on Trump’s ranking on the Forbes 400 list in the past years, in addition to the change in the size of his net worth