President Trump drops more than 200 spots to number 766 on the 2018 Forbes Billionaires list
The Forbes 2018 Billionaires List is out and President Trump has dropped more than 200 spots since last year to number 766 on the list, where he’s tied with more than 20 others.
The magazine estimates his net worth at $3.1 billion, down from $3.5 billion last year. Forbes said that Trump’s fortune fell in part due to declining Manhattan real estate values, as well as lower revenues at several Trump golf properties.
Amazon founder and CEO Jeff Bezos topped the list for the first time this year, according to Forbes. He’s currently worth an estimated $112 billion, up $39.2 billion from 2017. Forbes said that jump amounts to the biggest one-year gain ever.