Trump drops 220 spots on the Forbes Billionaires List

[Cryptoad]

Source: cnn

President Donald Trump is the nation's first billionaire president -- but he's not as rich as he used to be, according to the Forbes 2017 Billionaires List published Monday.

The magazine put his net worth at $3.5 billion, down $1 billion from the rankings it issued a year ago.

As a result, his position on the Forbes' ranking dropped 220 spots, leaving him tied with 19 others as the 544th richest person in the world.

Forbes said that much of the decline in Trump's net worth is due to softness in the midtown Manhattan real estate market.

Read more: http://money.cnn.com/2017/03/20/news/companies/trump-forbes-net-worth/index.html

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By the time He leaves office, he will not be able to sell boiled peanuts on the roadside in Deep South Dumbfuckistan!

[infidelsavant]

1. If there is anything he cares about more anything else, it is his money.

This will certainly unhinge him further and perhaps beyond repair.

[JI7]

2. do they take into account debt when doing this ?

[zentrum]

3. Good question. nt

[Princess Turandot]

15. "Net Worth" is traditionally defined as the difference...

between total assets and total liabilities for a business or individual, which means that outstanding loans and other debt are taken into account.

That being said, all financial information for individuals will not be directly attainable from public sources. Wikipedia has a description of Forbes' methodology here: https://en.wikipedia.org/wiki/The_World%27s_Billionaires#Methodology

Trump has insisted in the past that he is worth more than what these surveys generally estimate, because he imputes a great financial value to the 'Trump Name', which Forbes of course does not include. Last year, he insisted that he was worth twice as much as Forbes estimated because of the 'name'.

[Kittycow]

4. He's doing his best to climb up the list via the office of presidency.

Slimy SOB.

[EarthFirst]

5. 554?!

554 doesn't even get you on the Christmas Card list among the Top 100 prior to becoming POTUS...

[Bernardo de La Paz]

6. Does it include the Rosneft deal? . . . nt

[turbinetree]

7. And just think for him to just make the list he used oligrapghy mafia money from Russia

and Communist money from China, and now other money from other despots and other ass****s

And now since he charges you and me to "flY" down to south Florida for fun in the sun, we get stiffed with a bill from him for over 3 million and his wife stiffs us for over 3 million in NYC , yep you got we to pay over 6 million just on the weekends, oh boy, and that doesn't include the weekly stay for his wife and kid in NYC costing over 1 million a day

https://www.theguardian.com/us-news/2017/feb/20/trump-family-security-new-york-palm-beach-taxes


Plutocracy at it s finest, and the public is left holding the bag of bills


He is not my president

[Angry Dragon]

8. pretty soon he is going to be quoting Nixon............ 'I am not a crook'

[ProudLib72]

9. The top 543

are all illegal aliens, so we shouldn't count them.

[riversedge]

10. Bill Gates leads the list for the fourth year in a row, with a fortune of $86 billion, $11 billion m

Trumpy has a LONGGGGGGGGGGGGGG way to go to catch up with Bill G.

..........Microsoft founder Bill Gates leads the list for the fourth year in a row, with a fortune of $86 billion, $11 billion more than last year. Investor Warren Buffett claimed the No. 2 spot, and Amazon chief executive Jeffrey P. Bezos was third (Bezos owns The Washington Post).

Link to tweet

[Cryptoad]

11. Fewer People want anything to do with this AssHole!

[PSPS]

12. The world would be a better place without apparently over 500 billionaires.

[dalton99a]

13. +1

[Raster]

16. +1000

'Cause typically that money comes from somewhere... usually from other people's pockets, their pensions, their savings accounts, their children's college funds, their retirement, etc.

[meadowlander]

17. Their paychecks, their inflated rent or mortgages, their inflated health care costs...

[NastyRiffraff]

14. Uh oh...incoming!

Beware of the Tweets!

[IronLionZion]

18. I bet his brand and reputation have gone down the shitter

Fewer people would want to work with such an irredeemable asshole

[Coventina]

19. Have his people contact me. I'll make an offer on one of his failing midtown properties.

[lunatica]

20. Loser

[Locutusofborg]

21. I've been looking at the list

I'm up to number 1,000 and the net worths are still in the $2.1 billion (that's 2001 million) range.
Number 1000 is Joseph Grendys, an American who's in the poultry business. I'm amazed at how many mainland Chinese there are on the list.
To put billionaires in perspective, Queen Elizabeth II has an estimated net worth of $550 million.
So the Queen is only halfway there.