WORLD
Donald Trump drops from the Forbes 400 list of richest Americans. Here's what's changed

Baku, October 5, AZERTAC
Former President Donald Trump is no longer rich enough to be included in the Forbes 400, an annual ranking of America's wealthiest individuals, CBS News reported citing Forbes magazine.
Trump is still a billionaire, with Forbes estimating his net worth at $2.6 billion. But that's down from the magazine's estimate a year earlier that the real estate tycoon was valued at $3.2 billion, which earned him a place on the 2022 rich list.
Trump's estimated net worth of $2.6 billion is $300 million short of the baseline to make the Forbes 400 list. The richest person in America is Tesla CEO Elon Musk, with a net worth of $251 billion, according to the ranking. Many of those on the rich list actually grew their wealth last year, helped by a soaring stock market and other assets that pushed up their combined wealth by $500 billion compared with a year earlier.
Tumbling from the Forbes 400 might seem like a minor problem for someone who is extremely wealthy and running a second time for the highest office in the U.S. But Forbes noted that the Forbes 400 is an "annual measurement that Trump has obsessed over for decades, relentlessly lying to reporters to try to vault himself higher on the list."
The exclusion also comes as Trump is facing a civil fraud trial in New York that accuses him of vastly overrepresenting his wealth and the values of many of his properties.
Trump wasn't the only person to drop off the Forbes 400 list this year. Among those who lost their ranking are Sam Bankman-Fried, co-founder of FTX, who is currently on trial facing federal fraud and money-laundering charges for his role in the cryptocurrency exchange's collapse; and Snapchat co-founders Evan Spiegel and Bobby Murphy, due to their company's stock slump.