Trump's net worth drops $600 million on Forbes' rich list, falls 92 spots

[underpants]

http://money.cnn.com/2017/10/17/news/trump-billionaires-forbes-richest-americans/index.html

The rich are getting richer. But not Donald Trump.

The Forbes list of 400 richest Americans shows that the billionaire-in-chief's fortune fell by $600 million to $3.1 billion. As a result he dropped to #248 on the list, after coming in at #156 last year.

The magazine attributed his decline in wealth to "a tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign." Trump reached a $25 million settlement in a suit that claims that his Trump University real estate seminars defrauded students.

Trump fared better in Forbes' ranking than he did on Bloomberg's worldwide billionaires list, which puts his net worth at $2.86 billion. That's not enough to make him on of the 500 richest people in the world.

[ProfessorGAC]

1. Still Overstated

The leverage is so well disguised that neither of these news outlets can possibly know the true extent or magnitude of the debt.

So, it's been overstated for a very long time and it still is.

[smirkymonkey]

9. I'm thinking that's true as well.

He's definitely hiding something.

[ProfessorGAC]

10. That's Why The Taxes Aren't Released

The damage to the "brand" would be enormous if people found out what the net worth really is. It would be clear that it's all junk bond stuff. Big number, worth nothing.

[FSogol]

2. He's damaging his brand. File under: Own worst enemy.

[Freethinker65]

3. And he will spin this as the sacrifice he is making to lead this country...

Nothing to do with financial ineptitude.

[imanamerican63]

4. Fake News?

[spanone]

5. i want to see him panhandling on the streets of NYC

[underpants]

6. Too much of a germaphobe

He'd have to... wait for it...launder all the money

[gratuitous]

7. Hurricanes? Floods? Wildfires? Dead soldiers? Shrug 'em all off

THIS, however, is sure to get and keep President Trump's attention.

[Gothmog]

8. Trump is not as rich as he claims