Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Aviation Pro

(12,117 posts)
Wed Jan 19, 2022, 10:01 AM Jan 2022

Donald Trump Falls Off The Forbes 400 For First Time In 25 Years

This story warms my cockles. Soon, we can refer to Bloated Tick as a thousandaire.

https://www.forbes.com/sites/danalexander/2021/10/05/donald-trump-falls-off-the-forbes-400-for-first-time-in-25-years/?sh=49a30003f62b

Donald Trump is worth an estimated $2.5 billion, leaving him $400 million short of the cutoff to make this year’s Forbes 400 list of America’s richest people. The real estate mogul is just as wealthy as he was a year ago, when he stood at No. 339 on the ranking, but he is down $600 million since the start of the pandemic. Technology stocks, cryptocurrencies and other assets have thrived in the Covid era. But big-city properties—which make up the bulk of Trump’s fortune—have languished, knocking the former president out of the nation’s most exclusive club.

If Trump is looking for someone to blame, he can start with himself. Five years ago, he had a golden opportunity to diversify his fortune. Fresh off the 2016 election, federal ethics officials were pushing Trump to divest his real estate assets. That would have allowed him to reinvest the proceeds into broad-based index funds and assume office free of conflicts of interest.
10 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Donald Trump Falls Off The Forbes 400 For First Time In 25 Years (Original Post) Aviation Pro Jan 2022 OP
This is ironic. In the past, his "wealth" was all lies, and now he really is Scrivener7 Jan 2022 #1
Not filthy rich Zambero Jan 2022 #2
3...2...1... Lovie777 Jan 2022 #3
I had gotten tired of all the winning. Thank goodness THAT'S over. lindysalsagal Jan 2022 #4
That's going to hurt him more than the subpoenas. Baitball Blogger Jan 2022 #5
Trump and I have something in common Poiuyt Jan 2022 #6
This message was self-deleted by its author malaise Jan 2022 #7
The Party's Over malaise Jan 2022 #8
You should watch this show.......the rise and fall of tRump and onto him becoming POTUS...... a kennedy Jan 2022 #9
Trump properties might be worth 2.5 billion. What's the outgoing? 3.2 billion. sarcasmo Jan 2022 #10

Scrivener7

(50,901 posts)
1. This is ironic. In the past, his "wealth" was all lies, and now he really is
Wed Jan 19, 2022, 10:03 AM
Jan 2022

rich from all the money he grifted off us while he was President.

Response to Aviation Pro (Original post)

a kennedy

(29,606 posts)
9. You should watch this show.......the rise and fall of tRump and onto him becoming POTUS......
Wed Jan 19, 2022, 01:11 PM
Jan 2022

Empires of New York chronicles the meteoric rise of five icons – Ivan Boesky, Donald Trump, Leona Helmsley, Rudy Giuliani and John Gotti – who not only reshaped the city but contributed mightily to the world we live in today. Drawing on exclusive interviews, never-before-told stories, and secret tapes, the series follows titans of the era who shared a singular trait: the insatiable need to win at all costs. Seizing opportunity in an era jolted by one cultural upheaval after another – MTV and 24-hour news, hip hop, drugs, the onset of AIDS – they broke rules, flaunted their wealth, and delighted in the destruction of their enemies. And oddly, at times America came to love them for it.

https://www.cnbc.com/empires-of-new-york/

Latest Discussions»General Discussion»Donald Trump Falls Off Th...