Donald Trump drops off Forbes 400 list of richest Americans

Donald Trump has dropped off the Forbes 400 ranking of the wealthiest people in the US for the second time in three years, the magazine announced on Wednesday as the former president’s business fraud trial continued in New York.

“Donald Trump is no longer rich enough for the country’s most exclusive club,” Forbes said.

“With an estimated $2.6bn fortune, he is $300m shy of the cutoff for the Forbes 400 ranking of America’s richest people, the annual measurement that Trump has obsessed over for decades, relentlessly lying to reporters to try to vault himself higher on the list.”

According to Forbes, a drop of $600m in Trump’s net worth was mostly down to problems and plummeting value at Truth Social, the social media platform he set up after being ejected from Twitter and Facebook over the January 6 attack on Congress.