Former US President Donald Trump did not make the Forbes 400 list of America’s wealthiest people.
Mr Trump is now worth an estimated $2.5 billion, according to Forbes, leaving him $400 million short of making this year’s 400 list.
On Tuesday night, Forbes posted a statement on its verified Instagram profile.
According to Forbes, the real estate billionaire is just as affluent as he was a year before, when he was ranked 339th, but he has lost $600 million since the pandemic began.
It stated that in the COVID period, technology stocks, cryptocurrencies, and other assets had performed well.
However, the majority of Mr Trump’s income is made up of big-city properties, which has kept him out of the country’s most elite club.
“The market’s wild swings and stunning rise since the early days of the COVID-19 pandemic had made many millennials avid investors, and nobody had benefited more from their obsession with meme stocks and cryptomania than a few of their young peers,” it reported.
In total, 15 Forbes400 members are under the age of 40, up from 12 in 2020, with six newcomers to the list.
Among the 15, 29-year-old Sam Bankman-Fried has acquired a staggering $22.5 billion with his cryptocurrency exchange, FTX.
a battle of wills Brian Armstrong (38) and Fred Ehrsam (33) of Coinbase are worth $11.5 billion and $3.5 billion, respectively, while Robinhood Markets’ 37-year-old co-founder Baiju Bhatt is worth $2.9 billion.
Mark Zuckerberg (37), by far the wealthiest person in the group, has a $134.5 billion fortune.
Mark Zuckerberg (37), by far the richest member of the group, has a fortune of $134.5 billion.
