Donald Trump Drops Off Forbes 400 List of Wealthiest People in the US

GUARDIAN EUROPE: He’s $300m shy of the cutoff, according to the magazine, though with an estimated $2.6bn he’s got plenty of pocket change

Inclusion on the Forbes list was mentioned at Trump’s civil fraud trial as a reason for inflating the values of his properties. Photograph: John Angelillo/UPI/Shutterstock
Donald Trump has dropped off the Forbes 400 ranking of the wealthiest people in the US for the second time in three years, the magazine announced on Wednesday as the former president’s business fraud trial continued in New York.

“Donald Trump is no longer rich enough for the country’s most exclusive club,” Forbes said.

“With an estimated $2.6bn fortune, he is $300m shy of the cutoff for the Forbes 400 ranking of America’s richest people, the annual measurement that Trump has obsessed over for decades, relentlessly lying to reporters to try to vault himself higher on the list.” » | Martin Pengelly in Washington | Wednesday, October 4, 2023

Heartbreaking. Truly heartbreaking! Will I be able to sleep tonight, I wonder? – Mark

Elon Musk, Jeff Bezos Top the Forbes List of Richest Americans

Oct 3, 2023 | It’s a good year to be a member of The Forbes 400. As a group, the richest people in America are $500 billion richer than a year ago, aided by rebounding stock markets and an AI-driven tech boom. They now hold $4.5 trillion in wealth, tying a record set in 2021.

It takes $2.9 billion to make the cut, up from $2.7 billion a year ago, also tying for the highest ever. Forbes calculated net worths using stock prices from September 8, 2023.

Elon Musk again tops the list, worth an estimated $251 billion—the exact same as last year, despite a wild 12 months that included him being forced to buy Twitter for far more than it was worth, watching Tesla stock crater, getting into internet spats with the likes of the Ukrainian president Volodymyr Zelensky and the foreign minister of Taiwan, challenging Mark Zuckerberg to a cage fight—then adding tens of billions to his fortune as Tesla stock came roaring back. Musk is $90 billion wealthier than No. 2 Jeff Bezos and $93 billion ahead of No. 3 Larry Ellison, who added more dollars to his net worth than anyone in America over the past year, some $57 billion, largely thanks to the generative artificial intelligence craze helping push up shares of his software firm, Oracle.