President Trump falls in Forbes 400 list of richest Americans

According to Forbes, the combined net worth of the 400 billionaires totaled a record-breaking 2.7 trillion dollars, up from 2.4 trillion dollars in 2016.

Trump's net worth, which is largely reliant on his vast property portfolio, dropped by $600m (£455m) to just $3.1bn.

Bill Gates, worth $89 billion, tops the list for the 24th consecutive year.

Trump said his net worth was more than $10 billion, but Forbes pegged that figure at $4.5 billion in September 2015. The resident of The Plains, Virginia is worth an estimated $25.5 billion, according to Forbes, coming in at No. 16 on the Forbes 400 list.

This is even as Forbes magazine's in its latest estimate cuts Trump's net worth by $600m in the NY property market.

The FCC chairman subtly shot down Trump's threat to revoke NBC's licenses
The agency does not issue similar licenses for cable networks such as CNN and MSNBC, or regulate internet news or other websites.

Forbes reports that Trump's most valuable assets remain New York City real estate holdings at $1.6 billion, followed by his golf course and resort properties valued at $570 million, and then non-New York real estate at $500 million.

Trump spent $US66 million on his presidential campaign and $US25 million to settle a lawsuit regarding his Trump University, which offered a course in real estate investing that NY state authorities alleged was fraudulent. Amazon's chief Jeff Bezos held on to the second position for the second consecutive year, with a net worth of $81.5 billion.

There were 169 billionaires who did not make the Forbes 400 due to how many Americans have reached the $1-billion mark.

Signaling an overall improvement in the fortunes of American entrepreneurs, 289 members of Forbes 400 witnessed an increase in their net worth, compared to 187 in 2016.

Related News:

  • Carney reveals United Kingdom  inflation expectations

    Carney reveals United Kingdom inflation expectations

    Many economists still remained confident that Carney and co would still hike rates at their coming meeting. She added that a premature rate hike could prove more costly to the economy than an early rate cut.
    It Looks Like Adolf Hitler Is In Wolfenstein II: The New Colossus

    It Looks Like Adolf Hitler Is In Wolfenstein II: The New Colossus

    If you're into first-person shooters with a litany of sci-fi weapons, this is probably right up your alley. Wolfenstein 2: The New Colossus releases on October 27, 2017 on Xbox One, Windows PC and PlayStation 4.
    Thousands still without power in wake of Storm Ophelia

    Thousands still without power in wake of Storm Ophelia

    Three people died when the ex-hurricane, the strongest storm to hit Ireland in nearly 60 years, battered the country yesterday. Earlier, a woman driver in her 50s died when a tree fell on her auto in strong winds near Aglish village in Co Waterford.
  • Sony to Publish Nintendo Switch and PC Games With New Label

    Sony to Publish Nintendo Switch and PC Games With New Label

    On Unties' page, they hint at 4 different games ranging from Advance Wars-like TINY METAL , to mobile-to-VR ported Deemo . Sony has announced it will be publishing indie games on the Switch and PC.
    Police round up unusual suspect: young bull on soccer field

    Police round up unusual suspect: young bull on soccer field

    The bull got loose from a slaughterhouse near 16th Street and 4th Avenue in Sunset Park, authorities said. That is likely what a New York City slaughterhouse is asking itself right now.

    Google's new Advanced Protection Program helps high-risk users

    To provide the strongest defense against phishing , Advanced Protection goes beyond traditional 2-Step Verification. For now, these will be limited to only Google apps, but Google expects to expand the number of apps in the future.
  • Carrie Fisher dealt with a predatory producer in the most badass way

    Carrie Fisher dealt with a predatory producer in the most badass way

    After he picked Ross up in his auto , the unnamed producer pulled over and held her down against the vehicle seat. Appalled that her friend had endured something so horrific, Fisher took matters into her own hands .
    United Kingdom  police numbers show surge in hate crime

    United Kingdom police numbers show surge in hate crime

    The offences are broken down into five categories: race, religion, sexual orientation, disability and transgender. Some crimes were recorded as having more than one motivating factor.

    Microsoft announces its new Hybrid Surface Book 2

    That's right; the firm had a surprise up its sleeve, announcing the Surface Book 2 , which now comes in 13- and 15-inch flavors. Previous-generation Surface Book models offered a 3:2 aspect ratio 3000 x 2000 PixelSense display at 267 pixels per inch (PPI).
  • Garmin Speak adds Amazon Alexa to your vehicle for $149

    Alexa responses, including calling up content such as music, news and traffic alerts, stream through the vehicle's stereo. For example, the Logitech Zerotouch hands-free auto mount offers Alexa's services for $24.99.
    United States  judge questions government on Trump's latest travel ban

    United States judge questions government on Trump's latest travel ban

    The US Supreme Court ruled that government was not required to court on travel bans , citing final regulation, while U.S. The newest version of the travel ban was due to go into effect on Wednesday.
    ISIS defeated in Raqqa as 'major military operations' declared over

    ISIS defeated in Raqqa as 'major military operations' declared over

    A clearing operation is now underway to uncover any possible IS sleeper cells, clear any landmines, and make the city safe. The spokesman for the USA -led coalition says pockets of Islamic State militants remain in the Syrian city of Raqqa.


Most liked

Florida Governor Declares State of Emergency For Richard Spencer Speech
They chanted, "We're going to talk with the president! It is our creation and our inheritance, and it belongs to us", he said. For example, agencies from multiple jurisdictions can be mobilized, if necessary, without bureaucratic delays.

"How many Jews were killed in the Holocaust?" — Scaramucci Twitter
GQ profiled him a year ago , crediting him for managing a Twitter account for Broadway and TV actor Taye Diggs. This poll was put up by @lancelaifer without consulting @Scaramucci who is traveling in London.

United States indicts two Chinese in major fentanyl trafficking case
Several deaths and serious illness have been tied directly to the alleged ring, USA authorities said. He faces up to life in prison and more than $12 million in fines, if convicted.

Gerard Butler opens up about 'painful' motorcycle crash, newfound appreciation for life
The 47-year-old actor added that when several bystanders rushed over to help, they were stunned to see who the crash victim was. Gerard Butler has realized how "precious" his life is after he was recently knocked off his bike.

Footage of plane landing in Dublin Airport amid Opehlia gales
Flights across the United Kingdom were cancelled and delayed, with some flights aborted due to "smoke smells" in the cockpits. Shannon Airport say their staff worked throughout the night to help airlines clear a backlog of flights delayed by Ophelia.

Transgender footballer Hannah Mouncey ineligible for AFL Women's draft
The AFL stated that the decision only referred to the 2018 draft and the 2018 AFLW competition. "They will use that". Earlier, AFL football boss Steve Hocking defended the league's handling of Mouncey's draft eligibility.

Sidewalk Labs to help build connected community on Toronto waterfront: Trudeau
Alphabet is also planning to relocate Google's Canadian headquarters to the Eastern waterfront to anchor the new community.

USTR's Lighthizer says White House not actively working to withdraw from NAFTA
Mexico's Economy Minister Ildefonso Guajardo, left, looks on as Canada's Foreign Minister Chrystia Freeland, center, and U.S. The Trump administration has proposed raising the threshold to 85 percent from the current 62 percent.

NFL owners and players meet today to discuss National Anthem protests
Last week, Goddell released a memo saying the league was working on a plan together, with players. An NFL spokesman has said the president may not see an outright ban on the act soon, if ever.

Morgan Stanley's earnings rise in Q3
The stock of Morgan Stanley (NYSE:MS) hit a new 52-week high and has $52.79 target or 7.00 % above today's $49.34 share price. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Amazon Studios Chief Roy Price Resigns Amid Sexual Harassment Allegations
A spokeswoman for Harvey Weinstein said: "Any allegations of non-consensual sex are unequivocally denied by Mr. In a statement last week, Amazon said it was reviewing options for projects it has with the Weinstein company.

'Nuclear war may break out any moment' - North Korea
The deputy ambassador further alleged that the USA plans to remove North Korea's "supreme leader" were even more unsafe . If elements within the Trump administration are at odds, the messages coming out of Europe are also confusing.

Amid backlash, Google Maps nixes short-lived calories-and-cupcakes counter
If you already have walking selected, the calories are shown in the step-by-step directions, but not the map. However, the app is not as widely used as Google Maps and doesn't include a cupcake comparison.

It's a 'Yes'! Joe Jonas and Sophie Turner Are Engaged
As Nicki Swift previously reported, Turner, 21, and Jonas, 28, announced their engagement on Instagram on October 15, 2017. HUGE CONGRATS! Sooooo happy for the both of you! And people I've met recently in my life have drawn me out of that.

Crew To Move To Austin Barring New Downtown Stadium
The newspaper, citing a source, said that the deal to host games at the University of Texas is "all but done" for 2019. BREAKING: Statement from @MayorAdler on reports of Columbus Crew considering move to Austin @KVUE .