TRUMP BUSINESS: “Former President Donald Trump is no longer rich enough to be included in the Forbes 400, an annual ranking of America’s wealthiest individuals, Forbes magazine said on Tuesday [October 4, 2023].

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 tycoon was valued at $3.2 billion, which earned him a place on the 2022 rich list.

Trump’s estimated net worth of $2.6 billion is $300 million short of the baseline to make the Forbes 400 list. The richest person in America is Tesla CEO Elon Musk, with a net worth of $251 billion, according to the ranking. Many of those on the rich list actually grew their wealth last year, helped by a soaring stock market and other assets that pushed up their combined wealth by $500 billion compared with a year earlier.”

-Aimee Picchi, “Donald Trump drops from the Forbes 400 list of richest Americans. Here’s what’s changed.,” cbsnews.com, October 4, 2023