Explorer

Here is how much wealth Trump holds even as he falls on Forbes' list of wealthiest men

This year Amazon’s Jeff Bezos tops the Forbes list with a net worth of USD 160 billion, surpassing Bill Gates who held the rank one for 24 consecutive years

New Delhi: US President Donald Trump’s net value has seemingly hit the rut at USD 3.1 billion as he skids down in ranking of billionaires prepared by Forbes. Trump who was previously on spot number 248 in the 2017 list of Forbes’ wealthiest 400 billionaires, has now dropped to rank 259 on the list. The magazine believes that his Presidency is in a way proving detrimental for his Trump brand. At the time when Trump had announced his run for the presidency, his net worth on the Forbes list was USD 4.5 billion, which over the years of his presidency has witnessed a steep decline. As per the magazine Trump’s falling wealth can be attributed to factors like deeper reporting about his assets, a decline in brick-and-mortar retail, a slowdown in real estate and how being president affects the brand. As per the magazine’s investigation, Trump had built much of his fortune by lending his name to projects he does not own; the strategy is backfiring and is driving away partners and potential apartment buyers as his name is now synonymous to divisiveness. However, the magazine said that the value of property that Trump actually owns including his Trump Tower penthouse, his personal private jet and Mar-a-Lago estate in Florida, dubbed the Winter White House, has gained in value. As per the magazines’ calculations Trump would now be USD 500 million richer if he had liquidated, paid capital gains tax on his fortune and created a blind trust to invest everything in the booming stock market. This year Amazon’s Jeff Bezos tops the Forbes list with a net worth of USD 160 billion, surpassing Bill Gates who held the rank one for 24 consecutive years. Gates’ net worth was totalled to USD 97 billion.
View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

PM Modi Calls Congress A 'Bully' After Lawyers Write To CJI. Here's What He Said
PM Modi Calls Congress A 'Bully' After Lawyers Write To CJI. Here's What He Said
Actor Govinda Joins Eknath Shinde's Shiv Sena, Likely To Contest From Mumbai North West
Actor Govinda Joins Eknath Shinde's Shiv Sena, Likely To Contest From Mumbai North West
Sanjiv Bhatt Gets 20 Years In Jail Day After Conviction In 1996 Drug Seizure Case
Sanjiv Bhatt Gets 20 Years In Jail Day After Conviction In 1996 Drug Seizure Case
Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
Advertisement
for smartphones
and tablets

Videos

Bihar Lok Sabha Polls 2024: ABP Exclusive With Papu Yadav, MP No Longer Contesting From PurniaVarun Gandhi Pens Emotional Letter To Pilibhit After Being Denied, Says 'Mai Aapka Hu Aur Rahunga'Delhi Excise Policy Case: With CM Arvind Kejriwal's Arrest, Who Will Run The State | Watch ReportLok Sabha Elections 2024: 'BJP Just Wants To Break The Aam Aadmi Party' says Saurabh Bhardwaj

Photogallery

Embed widget