Trump drops in Forbes’ rich­est Amer­i­cans list

The Commercial Appeal - - Front Page -

USA TO­DAY

Pres­i­dent Don­ald Trump won the White House but lost in the an­nual Forbes mag­a­zine rank­ings of the wealth­i­est Amer­i­cans.

The for­tune of the na­tion’s com­man­der-in-chief shrank by $600 mil­lion, to $3.1 bil­lion, drop­ping him from 156th place to 248th place in the 2017 Forbes 400 rank­ing, the mag­a­zine re­ported Tues­day.

The de­cline means Trump is now tied with Snapchat cre­ator Evan Spiegel in the 2017 Forbes rank­ing.

A Trump Or­ga­ni­za­tion rep­re­sen­ta­tive did not re­spond to an email seek­ing com­ment.

A tough New York real es­tate mar­ket, a $25 mil­lion law­suit set­tle­ment and a costly pres­i­den­tial cam­paign all con­trib­uted to the de­cline, Forbes re­ported.

Mi­crosoft co-founder Bill Gates led the Forbes 400 rank­ing for the 24th year in a row, with an es­ti­mated net worth of $89 bil­lion. Ama­zon CEO Jeff Be­zos’ es­ti­mated $81.5 bil­lion for­tune kept him right be­hind Gates for the sec­ond con­sec­u­tive year. And famed fi­nan­cial in­vestor War­ren Buf­fett ranked third with an es­ti­mated $80.6 bil­lion for­tune.

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