Former President Donald Trump is no longer wealthy enough to be included in the Forbes 400, an annual list of the wealthiest Americans.
Trump is still a billionaire, with Forbes estimating his net worth at $2.6 billion. But that's down from the magazine's estimate a year earlier that the real estate tycoonTrump's estimated net worth of $2.6 billion is $300 million short of the baseline to make the Forbes 400 list.
In another blow for Truth Social, a deal to take its parent company, Trump Media & Technology Group, public has "If Trump's platform were thriving, he would probably have no trouble finding alternate financing. But it's not, and there is little reason to be optimistic about Truth Social's future," Forbes noted.
Most of that stems from a San Francisco property, 555 California Street, which is 30%-owned by Trump, the magazine said. Leases that generate about half the building's rent are coming up for renewal, but the building is located in a"struggling" area of San Francisco. Neighboring buildings have sold for less than the building cost in 2005, which indicates that 555 California is worth less than it used to be.
In a Tuesday post to Truth Social, Trump said the judge in the case"has been given false and grossly misleading information about my Net Worth [sic]." Trump claimed that his Florida club and estate, Mar-a-Lago, is worth $1.5 billion, rather than the $18 millionWhat is Donald Trump's history with the Forbes 400 list?
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