Trump Drops Off Forbes 400 Richest Americans List as Truth Social Struggles

Donald Trump dropped off the Forbes 400 list of richest Americans for the first time since 2015, with his estimated net worth falling to $2.6 billion.
Forbes attributes the decline mainly to challenges facing Trump's social media platform Truth Social, which has stalled at around 6.5 million users.
The valuation of Truth Social's parent company plunged from $730 million last year to just $100 million now, per Forbes' estimate.
While his golf properties are doing well, the value of Trump's office buildings like 555 California Street in San Francisco has declined by $170 million.
Trump has appeared on and off the Forbes 400 list over the decades, sometimes inflating his net worth, but made it annually since 1996 until now.

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Posted 10/3/2023, 5:44:23 PM

Trump Drops Off Forbes 400 Richest Americans List as Truth Social Struggles

Donald Trump dropped off the Forbes 400 list of richest Americans for the first time since 2015, with his estimated net worth falling to $2.6 billion.
Forbes attributes the decline mainly to challenges facing Trump's social media platform Truth Social, which has stalled at around 6.5 million users.
The valuation of Truth Social's parent company plunged from $730 million last year to just $100 million now, per Forbes' estimate.
While his golf properties are doing well, the value of Trump's office buildings like 555 California Street in San Francisco has declined by $170 million.
Trump has appeared on and off the Forbes 400 list over the decades, sometimes inflating his net worth, but made it annually since 1996 until now.