“$300 million shy of the cutoff:” Trump kicked off Forbes 400 list of wealthiest Americans for the second time in three years

Former President Trump has fallen off the Forbes 400 list of America’s richest people, the magazine confirmed, citing he is “$300 million shy of the cutoff.”

Forbes’ confirmation

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Illustration. Image credit: Shutterstock

Forbes wrote, “With an estimated $2.6 billion fortune, he is $300 million shy of the cutoff” for the “annual measurement that Trump has obsessed over for decades, relentlessly lying to reporters to try to vault himself higher on the list.”

Trump has been on the list since the beginning

(FILES) Former US President and Republican presidential hopeful Donald Trump speaks during the Pray Vote Stand summit at the Omni Shoreham hotel in Washington, DC on September 15, 2023. Former US president Donald Trump said he plans to appear in a New York court on October 2 for the opening of a trial in which he is accused of a years-long scheme to inflate the value of real estate and financial assets. (Photo by ANDREW CABALLERO-REYNOLDS / AFP)

According to the magazine, “Donald Trump appeared alongside his father Fred on the first-ever Forbes 400 list in 1982, with a combined net worth estimated at $200 million.”

Musk is the richest

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Illustration. Image credit: ODD ANDERSEN / AFP

According to the ranking, the Tesla CEO is worth $251 billion despite setting a Guinness World Record for losing the most wealth ever. Microsoft’s Bill Gates and Meta founder Mark Zuckerberg both made the top 10. Michael Jordan is the new addition, and he was ranked at number 379 with $3 billion.

Blaming Truth Social

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Illustration. Image credit: rokas91 via Depositphotos

Forbes calculates that Truth Social has signed up just 6.5 million users, which is about 1% of the users on X. But Trump’s social network’s bigger issue is that its parent company, Trump Media & Technology Group, has bogged down amid investigations by regulatory agencies.

Forbes blasted Truth Social

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Illustration. Image credit SHANNON STAPLETON / POOL / AFP

“If Trump’s platform were thriving, he would probably have no trouble finding alternate financing. But it’s not, and there is little reason to be optimistic about Truth Social’s future,” Forbes noted.

The news came after New York Judge’s ruling

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Illustration. Image credit: Depositphotos

The ranking comes just after a New York state judge ruled ahead of Trump’s civil fraud trial that he committed fraud by exaggerating his net worth on financial records.

The allegations

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In a court filing, New York Attorney General Letitia James alleged that Trump’s annual net worth was overstated by 17-39% or $812 million to $2.2 billion.

Trump’s previous fall was in 2021

US President Donald Trump hosts a roundtable discussion with Hispanic pastors at the White House on January 25, 2019, in Washington, DC. (Photo by Brendan Smialowski / AFP)
Illustration. Image credit: Brendan Smialowski / AFP

After 25 years, Trump fell off the Forbes list in 2021. The outlet reported he was worth $2.5 billion and was $400 million short to be included.

Trump’ is focused on the presidency

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Illustration. Image credit: Matthew Hatcher / AFP

The 45th president continued, “My sole focus is being president and, quite honestly, with actually making America great again. Because we are living in a country in decline, this is a country that is failing badly. We’re not respected in the world, interest rates are through the roof, taxes are through the roof, inflation is horrible.”

Greene is up for it

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Illustration. Image credit: Benjamin Hendren / ANADOLU AGENCY / Anadolu Agency via AFP

Marjorie Taylor Greene shared, “The only candidate for Speaker I am currently supporting is President Donald J. Trump. He will end the war in Ukraine. He will secure the border. He will end the politically weaponized government. He will make America energy independent again.”

Greene kept going

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US Republican. (Photo by Mandel NGAN / AFP)

The Georgia Republican continued, “He will pass my bill to stop transgender surgeries on kids and keep men out of women’s sports. He will support our military and police. And so much more!”

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