Trump Drops Off Bloomberg Billionaires List as Truth Social Price Plummets

Trump removed from Bloomberg's list of top 500 billionaires after Truth Social stock price plummets over 50% from peak
Trump Media & Technology Group stock traded as high as $175/share, valuing company at $8B and Trump's stake at $6B
Stock now trading around $35/share after merger, wiping billions off valuation and Trump's net worth
Forbes still has Trump at #653 among world's billionaires with $4.8B net worth, but value likely to decline further
Experts say True Social likely only worth around $2/share, stock rise mostly speculative like GameStop; executives stand to cash out