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Donald Trump drops nearly 300 places on Forbes' billionaires list

2021-04-07T14:35:10.491Z


Former President Donald Trump has fallen 298 places on Forbes' billionaires list. His presidency and the corona crisis have damaged the entrepreneur financially.


Former President Donald Trump has fallen 298 places on Forbes' billionaires list.

His presidency and the corona crisis have damaged the entrepreneur financially.

Palm Beach - Former President Donald Trump is no longer doing so well financially.

In the list of billionaires in

Forbes magazine

, which was published on Tuesday, he has fallen by almost 300 places.

In 2020, Trump was still at number 1,001.

Today he is only number 1,299 on the annual list.

From moving into the White House in January 2017 until leaving a few months ago, Donald Trump's fortune fell by almost a third.

In 2017, his fortune was $ 3.5 billion and is now $ 2.4 billion, reports

Forbes magazine

.

Trump is

richer than he was a year

ago, according to

Forbes

, but he couldn't keep up with the other billionaires on the list, whose fortunes soared despite the corona pandemic.

There are more people on the rich list than ever before.

2755 people have more than a billion dollars.

Trump's commercial real estate business has been affected by the pandemic, impeachment controversy, the Capitol storm, and other political issues.

The real estate market has also generally suffered a blow from the Corona crisis.

According to

Bloomberg's Billionaires Index

, about 75 percent of its income comes from its commercial real estate assets, including income from resorts and golf clubs.

His real estate in Manhattan in particular brings him a large portion of his income.

That revenue has slumped due to the battered New York real estate market,

Business Insider

said

.

Donald Trump became the first billionaire in history to be elected President of the United States.

Last year, Trump also fell 77 places in Forbes' 400 richest Americans.

Forbes list: Germans get rich with supermarkets

On the Forbes list of billionaires there are also Germans who are well ahead of former President Donald Trump.

It is noticeable that the super-rich from Germany own all supermarkets or drugstores.

Beate Heister and Karl Albrecht jr.

are the wealthiest Germans.

You are the heirs and co-owners of Aldi Süd and have a fortune of $ 39.2 billion as determined by Forbes Magazine.

This puts them in 34th place worldwide. Also in 35th place is a German entrepreneur, Lidl founder Dieter Schwarz with a fortune of 36.9 billion dollars.

According to the rich list, there is also a German who is just 18 years old and has more money than Donald Trump.

The DM heir Kevin David Lehmann has a fortune of 3.3 billion dollars and is number 925 on the Forbes list.

In 2017, half of the drugstore chain was transferred to him, reports

Der Spiegel.

The individuals on

Forbes'

2021 Billionaires List have combined net worth of $ 13.1 trillion, with the majority being US residents.

Despite the Corona crisis,

Forbes

reported

that a new billionaire showed up on average every 14 hours over the past year.

(dp)

Source: merkur

All news articles on 2021-04-07

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