Donald Trump loses his place on the rich Forbes list for the first time in 25 years

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Forbes today released his rich annual list, Donald Trump is one of 51 people to be removed from the list, marking the first time in 25 years that the businessman has gone unlisted.

The pandemic appears to have rocked the list as familiar wealthy people including Oprah Winfrey and Boston Beer co-founder Jim Koch are no longer on the list.

The richest 400 people must now have a net worth of $ 2.9 billion, an increase of $ 800 million, to be on the list. The former president brought in $ 2.5 billion in 2021, according to Forbes. Mr. Trump now ranks 1299 on the wealthy list, having amassed his fortune through real estate.

The richest 400 people on the list, however, made money despite Covid-19, with their collective fortunes increasing by 40%, to a total of $ 4.5 trillion.

“Despite the uncertainty and the ever-changing market economy, the Forbes 400 2021 shows that America’s richest have become much richer,” said the deputy editor of Wealth at Forbes, Kerry A. Dolan. “The richest Americans collectively saw a 40% increase over last year and almost all are richer than they were last year.”

Newcomers to the list include bitcoin billionaires Cameron and Tyler Winklevoss, as well as Melinda French Gates, co-chair of the Bill & Melinda Gates Foundation.

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