Former US President Donald Trump is no longer wealthy enough to be included in the Forbes 400 list, according to Forbes magazine.
His estimated net worth has dropped to $2.6 billion, down from $3.2 billion the previous year, which was enough to secure a place on the 2022 rich list.
However, Trump’s current net worth falls $300 million short of the baseline required to make the Forbes 400 list.
The richest person in America, according to Forbes, is Tesla CEO Elon Musk, with a net worth of $251 billion.
Forbes also noted that Trump has long been obsessed with the Forbes 400 list and has frequently made false claims to reporters in an attempt to rank higher.
Trump’s exclusion from the Forbes 400 list coincides with his ongoing civil fraud trial in New York, where he is accused of exaggerating his wealth and property values.
Forbes attributes his decline in net worth to his social media venture, Truth Social, which has struggled to gain traction and has far fewer users compared to other social media platforms like Twitter.