Donald Trump‘s finances are falling.
The 77-year-old former President of the United States is on longer on the Forbes 400 Richest Americans list.
He was first removed from the list in 2021 following his exit from the White House, but returned to the list in 2022 at No. 343 with an estimated net worth of $3.2 billion amid real estate sales and various ventures.
Now in 2023, he has once more fallen off the 400 list with a current estimated net worth of $2.6 billion, a dip of 19% – or about $600 million.
Keep reading to find out more…
The drop off the list comes as he faces legal bills to fight civil and criminal charges, including an ongoing civil fraud trial in New York and multiple trials scheduled for 2024.
According to Forbes, via CNN, both his social media platform and office buildings have lost value.
Trump launched Truth Social in February 2022.
In the United States, Truth Social had about 738,000 monthly active users of its iOS and Android apps in August, down from almost 1.3 million in December, according to Similarweb. That’s less than 1% of the iOS and Android users that used X, formerly Twitter.
The estimated value of Trump’s 90% stake in Truth Social went from $730 million a year ago to less than $100 million now.
Forbes also estimates the value of Trump’s stake in 555 California Street, a 52-story skyscraper formerly known as Bank of America Center, has dropped by 30%, and his stake in 1290 Avenue of the Americas, a midtown Manhattan office building, has lost roughly $60 million in value.
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