While still very wealthy, with some $2.5 billion to his name, Trump was about $400 million away from making the cut.
Forbes drops Trump
While his wealth has not changed significantly since last year, others became wealthier from cryptocurrency and tech stock and surpassed him, the paper said. Also, the COVID-19 lockdowns that ravaged tourism cost Trump about $600 million, Marketwatch reported, since most of his wealth is in big, blue-city properties.
The magazine raised its threshold from $2.1 billion to $2.9 billion. One of Trump’s one-time friends, Oprah Winfrey, was among the 51 people who fell off the list.
The richest man in America is Jeff Bezos, followed by Elon Musk, Mark Zuckerberg, and Bill Gates. “Mini Mike” Bloomberg, whose presidential aspirations collapsed last year, was at number 10.
The news of Trump’s fall was trumpeted by the liberal media, with the likes of the Washington Post and CNN taking turns to mock Trump over the turn of events.
Trump leaned into his worldwide fame as a larger-than-life real estate developer to run against the political establishment as an outsider in 2016, and won the White House in a historic upset.
Trump’s out of the “club”
But there is no doubt that Trump’s controversial political career has come with great personal costs, solidifying his status as a martyr figure to his many supporters.
While most presidents tend to get richer after their time in office, Trump lost about $1 billion, and he is regarded by America’s political elite as a pariah.
Like no other conceivable figure in American history, Trump has been blacklisted from social media and has even been frozen out of some financial institutions, as Bloomberg previously reported, making his exclusion from the Forbes list for the first time in 25 years strangely appropriate.
Needless to say, the former celebrity and TV personality won’t be invited on Saturday Night Live anytime soon. He might be rich and successful still, but he’s definitely out of the “club” for good. It’s probably for the best.
Trump has already made his mark on history as an American president, something that the Bezos’s, Musk’s, and Bloomberg’s of the world will never be.