Former President Donald Trump has been booted off the country’s most exclusive club for rich people, Forbes reported.
From Forbes:
With an estimated $2.6 billion fortune, he is $300 million shy of the cutoff for The Forbes 400 ranking of America’s richest people, the annual measurement that Trump has obsessed over for decades, relentlessly lying to reporters to try to vault himself higher on the list.
His net worth is down more than $600 million from a year ago. The biggest reason: Truth Social, his social-media business.
Trump once envisioned a significant percentage of the country logging onto the platform. But that never happened. Roughly 6.5 million have signed up so far, about 1% of the total on X (né Twitter). Trump’s 90% stake in Truth Social’s parent company has plummeted in value from an estimated $730 million to less than $100 million.
Read the full article over at Forbes.
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