Trump, the first US president to come solely from the private sector, is ranked 248 – sharing the spot with 27-year-old Snap co-founder and CEO Evan Spiegel, the youngest person on the list.
Forbes attributed Trump’s decline to a weakening New York retail and office real estate market, and new information about his assets. The Manhattan tycoon ranked 156 in 2016, the year he was elected to the White House.
Forbes said those on its 36th annual list of the 400 wealthiest Americans have a record-breaking, combined total net worth of $2.7 trillion, up from $2.4 trillion in 2016. Entrance to the exclusive club cost a record-breaking $2 billion.