Former US President Donald Trump did not make it onto the “Forbes” list of the 400 richest Americans for the first time in a quarter of a century.
Although Trump’s fortune is estimated at 2.5 billion dollars, like last year, the business magazine reported on Tuesday. After 339th place in 2020, the fortune this year was no longer enough for the top 400 – he would have lacked $ 400 million.
Since the beginning of the pandemic, the fortune of the former construction mogul has decreased by an estimated $ 600 million, which is mainly due to the stagnating value of the real estate in metropolitan areas.
From 1997 to 2016, the year he took office, the ex-president was ranked in the top half of the Forbes 400. However, his fortune dwindled with each year he served as president, until he slid off the list this year.
Trump’s fortune is roughly the same as it was a year ago, when he was rated 339th on the list. However, since the pandemic began in April 2020, he has lost $600 million in value. This is due to the fact that Trump’s riches is mostly based on his real estate business, and big-city properties suffered during the pandemic.
Meanwhile, technology stocks and cryptocurrency have risen as a result of Covid-19. According to Forbes, Trump can begin by blaming himself for refusing to divest his real estate assets and reinvest in index funds that did not pose conflicts of interest while serving as president.
But, we are wrong here.
Actually, according to the Former President, “losers at Forbes” forgot to take into account the “secret rubles”.
He claimed that he has been “treated very unfairly”.
“Let’s say someone has been receiving payments of billions of rubles for four years, and they’re buried in a vault under the Kremlin,” Trump added.
“Those losers at Forbes wouldn’t begin to know how to count those kinds of rubles.”
“This should never be allowed to happen in our country.”
“If you count rubles, Trump is a triple Bezos,” he said as cited by the New Yorker.
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