Donald Trump tumbles out of richest Americans list

New York, Agencies: Former President Donald Trump was noticeably absent from Forbes’ list of the nation’s richest 400 people, released Tuesday.

Standing trial in downtown Manhattan for inflating his net worth by billions in prior years to secure loans and financing, Trump is now worth $300 million less than the $2.9 billion required it make this year’s list, Forbes said Tuesday.

It’s the second time in three years that Trump has tumbled out of the club whose money he covets. His net worth dropped 19% from the previous year to $2.6 billion.

Trump snagged a spot on the 2022 list with a reported net worth of $3.2 billion. Truth Social, the indicted ex-president’s social media platform, contributed the most to the $600 million dip in his net worth from a year ago.

His office buildings have dropped in value by $170 million.