Former U.S. President Donald Trump was not included on the annual Forbes 400 ranking of the wealthiest Americans.
Forbes said Trump is now worth an estimated 2.5 billion dollars, leaving him $400 million short of the cutoff to make this year’s 400 list.
This is contained in a message on Forbes’ verified Instagram page on Tuesday night.
Forbes said the real estate mogul is just as wealthy as he was a year ago, when he stood at No. 339 on the ranking, but he is down 600 million dollars since the start of the pandemic.
It reported that technology stocks, cryptocurrencies and other assets have thrived in the COVID era.
But big-city properties which make up the bulk of Trump’s fortune had languished, knocking the former president out of the nation’s most exclusive club.
“The market’s wild swings and stunning rise since the early days of the COVID-19 pandemic had made many millennials avid investors, and nobody had benefited more from their obsession with meme stocks and cryptomania than a few of their young peers,” it reported.
In all, 15 members of The Forbes400 are under 40, up from 12 in 2020, with six of them appearing on the list for the first time.
News Update Canada has booked their place in the World Cup Round of 16 after…
THE governorship and National Assembly candidates of the All Progressives Congress in Gombe State on…
An Ondo State High Court sitting in Akure has sentenced a vulcaniser, Wasiu Ibrahim, to…
THE Independent National Electoral Commission (INEC) has shifted the date for the release of the…
News Update It was an inspiring moment at the just concluded 6th African Youth SDGs…
A top All Progressives Congress, APC, chieftain in Ifedore Local Government has petitioned the Ondo…