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Trump drops off Forbes list of America’s richest people for the first time in 25 years

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Former President Donald Trump was not included on the annual Forbes 400 ranking of the wealthiest Americans – the first time he hasn’t made the cut in 25 years.

Forbes reported the former president is worth an estimated $2.5 billion, which is $400 million short of the cutoff to make this year’s list.

Trump’s wealth is down $600 million since the start of the pandemic, according to the outlet. The drop is largely due to big-city properties, which make up much of Trump’s fortune, taking a hit during the pandemic.

Trump ranked 339th on the list in 2020, down from 275th in 2019.

Trump previously made the list every year from 1996 to 2020. He also made the list every year from 1982 to 1989.

Individuals in technology sectors largely dominated the top rankings of Forbes’ 2021 list. Amazon founder Jeff Bezos, Trump’s frequent political target, was ranked first on the list with an estimated $201 billion net worth. Tesla and SpaceX’s Elon Musk was ranked second with an estimated net worth of $190.5 billion. Facebook founder Mark Zuckerberg and Microsoft founder Bill Gates followed their fellow billionaires.

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The former president isn’t alone in being knocked off the list, according to Forbes. Fifty-one people, including billionaires like Oprah Winfrey, also dropped off of the ranking after its cutoff increased from $2.1 billion last year to $2.9 billion this year.

Trump has challenged Forbes’ wealth estimates and rankings in the past.

Earlier this year, Forbes reported Trump dropped nearly 300 spots on their billionaire rankings during his presidency, with his wealth falling from $3.5 billion to $2.4 billion during his time in office.

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