• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Trump’s Name Has Been Removed from Forbes’ List of The Richest Americans

October 22, 2021 by Eddie Worrell Leave a Comment

Donald Trump is no longer included in Forbes’ list of the wealthiest Americans. It’s the first time that the ex-president has not made the cut in 25 years. As per Forbes, Trump is by no means impoverished, which presently values the real estate magnate at USD 2.5 billion. However, his estimated value plummeted by about USD 400 million, just shy of the top 400 thresholds. In 2020, he was ranked #339 on Forbes’ list. Trump, 75, is reported to be just as affluent as he was the year before, but the pandemic cost him over USD 600 million. According to Forbes, individuals who invested in technology companies and cryptocurrencies fared well as COVID-19 wreaked havoc across America, while the real estate landscape in big cities struggled. That is where a majority of Trump’s interests are vested.

According to Forbes, disobeying ethics authorities is not an option for most government employees, but the former commander-in-chief is immune to such legal repercussions. Before taking office, Trump told journalists at the Trump Tower that he didn’t “like the way” it would appear if he wore two crowns in the Oval Office, but that he was perfectly within his rights to do so. He retained his possessions. According to Forbes, in Trump’s situation, doing the ethical thing would have also meant choosing the better financial option.

The financial journal crunched the numbers and determined that the former “Apprentice” star would have been 80% richer when he left office if he had divested instead. Forbes analysts believe Trump’s USD 3.5 billion in assets would have taken an immediate hit. He might have been slapped with massive capital gains taxes, leaving him with roughly USD 2.4 billion at the time of his being sworn in. According to Forbes, if Trump had put his money into a fund that tracked the S&P 500, he would have earned more than USD 2 billion. That implies he’d have USD 4.5 billion in the bank to start his post-presidency in Mar-a-Lago, FL.

As per the financial journal, Trump may have avoided capital gains taxes, bringing his total estimated value to USD 7 billion today. Trump’s fortune has long been shrouded in mystery, due in part to his reluctance to reveal his tax returns while campaigning for and sitting as president. The New York Times released a thought-invoking piece in 2020, using financial documents it allegedly received, in which, it described Trump’s finances as a narrative of “chronic losses and years of tax evasion.” The former president was also said to be in debt to the tune of hundreds of millions of dollars after leaving office, as per the information released by the New York Times. Trump dismissed the claim, blaming it on the news publication company for issuing a write-up detailing his family’s taxes in 2018.

Eddie Worrell
Eddie Worrell

Related posts:

  1. Jeff Bezos To Step Down As Amazon CEO Later This Year, Andy Jassy His Successor
  2. Semiconductor Shortage Hits General Motors, Production Of Pickup Trucks To Be Slashed This Month
  3. Labor Shortages Might Lead to 70000 Pigs Meaninglessly Dying in The UK
  4. American Private Equity Group Wins Battle To Buy Morrisons For Almost USD 10 Billion

Filed Under: Business

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • An Alien-Like Fish With A See-Through Head And Green Eyes Lurks In The Ocean’s Dark Depths
  • Africa Wants To Change Misleading World Map, The “Wow!” Signal Was Likely From An Extraterrestrial Source, And Much More This Week
  • A “Good Death”: How Do Doctors Want To Die?
  • People Are Throwing Baby Puffins Off Cliffs In Iceland Again – But Why?
  • Yet Another Ancient Human Skull Turns Out To Be Denisovan
  • Gen Z Might Not Be On Course For A Midlife Crisis – Good News, Right? Wrong
  • Glowing Plants, Punk Ankylosaur, And Has The Wow! Signal Been Solved?
  • Pulsar Fleeing A Supernova Spotted Where Neither Of Them Should Be
  • 20 Years After Hurricane Katrina: Is It Time For A New Approach To Hurricane Classification?
  • Dog Named Scribble Replicates Quantum Factorization Records – So We Tried It Too
  • How Old Is The Solar System? (And How Can We Tell?)
  • Next Week, A Record-Breaking Over 7 Billion People Will See The Total Lunar Eclipse
  • The Goblin Shark Has The Fastest Jaws In The Ocean, Firing Like A Slingshot At Speeds Of 3.1-Meters-Per-Second
  • We Thought Geological Boundaries Were Random. Now, A New Study Has Identified Hidden Patterns
  • Do Fish Sleep?
  • The Biblical Flood Myth That Inspired Noah’s Ark Had A Sinister Twist
  • Massive Review Of 19 Autism Therapies Finds No Strong Evidence And Lack Of Safety Data
  • Giant City-Swallowing Cracks In Earth’s Surface Are A “New Geo-Hydrological Hazard”
  • Three Incredible Telescopes Looked At The Butterfly Nebula To Learn Where Earth Came From
  • The Pacific Ocean Is So Vast It Contains Its Own Antipodes
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version