New York: Former US President Donald Trump has been dropped off from the Forbes 400 list of America’s richest people for the first time in 25 years.
Forbes estimated Trump’s wealth to be at $2.5 billion, the same amount as he had a year ago. His rank had been dropping for five years since he won the US presidency, Forbes said.
The report said that Trump had the golden opportunity during the time of the US presidential polls. “Fresh off the 2016 election, federal ethics officials were pushing Trump to divest his real estate assets. That would have allowed him to reinvest the proceeds into broad-based index funds and assume office free of conflicts of interest,” Forbes report said.
However, the former US president had decided to hang onto his assets. “At the time, they were worth an estimated $3.5 billion, after subtracting debt.”