Donald Trump Falls Off Forbes 400 List Of Wealthiest Americans

As Donald Trump scrambles to defend his business empire in court, the former president has suffered another blow: dropping off The Forbes 400 list of the richest Americans.

Trump’s net worth tumbled by 19%, or $600 million, to an estimated $2.6 billion total. That left him $300 million shy of the Forbes cutoff when the magazine unveiled the list Tuesday.

That means that for the second time in three years, Trump did not make the cut for the annual rankings that he’s long seemed obsessed with and has even been accused of conning his way onto in the past.

Unlike the steady or growing fortunes of Forbes 400 leaders Elon Musk, Jeff Bezos and Larry Ellison, Trump’s net worth took a double-digit hit. This comes as he faces mounting legal bills to fight civil and criminal charges, including an ongoing civil fraud trial in New York and multiple trials scheduled for next year.

The drop in Trump’s net worth was driven by two central factors: Both his social media platform and office buildings have lost value, according to Forbes.