Donald Trump tumbles in Forbes rich list

20 October, 2017, 00:54 | Author: Chad Mckenzie
  • President Donald Trump speaks to the media with U.S. Senate Majority Leader Mitch Mc Connell at his side in the Rose Garden of the White House in Washington U.S

The combined wealth of those on the list, which was released Tuesday, rose 12.5 percent to $2.7 trillion, up from $2.4 trillion, largely because of a strong stock market. The combined worth of these 400 people who built their fortune in the U.S.is about $2.7 trillion, up from the $2.4 trillion amassed past year.

According to Forbes, it now requires $2 billion to make the list, a almost 18 percent jump from previous year.

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The core of Mr Trump's fortune is "tied up in a half-dozen buildings in and around midtown Manhattan in New York City where luxury real estate values have fallen recently". It had been $1.7 billion in 2016.

Trump has been watching his spot on the list for years.

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In answering another Twitter user who asked why Forbes had him listed as being worth $3 billion in 2013, Trump wrote: "They know nothing about me or my numbers".

Forbes ranked the first billionaire president as the 248th-wealthiest person in America and put his wealth at $3.1 billion. He was no. 156 previous year.

Tony Winner Roy Dotrice Passes Away at 94
Dotrice's wife died in 2007, but the actor is survived by three daughters and seven grandchildren, per The Guardian . He performed in various movies including Oscar-winning film Amadeus , in which he played the role of Leopold Mozart.

His highest net worth valuation by the magazine came in 2015 at $4.5 billion. The magazine attributes his "decline in wealth to challenging NY real estate market, a costly lawsuit and an expensive presidential campaign".

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