Daily Management Review

Donald Trump lost $ 600 million during his presidency


The rich around the world are getting richer, but this does not apply to US President Donald Trump, CNNMoney writes.

Gage Skidmore
Gage Skidmore
The publication explained this decline in wealth by "the tough real estate market in New York, especially in the consumer plan, the costly legal process and the costly presidential campaign." Trump also reached an agreement on the payment of $ 25 million in a suit in which it is alleged that his real estate seminars at Trump University turned out to be false.

Bill Gates has topped the Forbes list for the 24th consecutive year with a net worth of $ 89 billion. Jeff Bezos, founder and CEO of Amazon, ranked second with $ 81.5 billion. Warren Buffett remains in third position with a fortune of $ 78 billion.

According to Forbes, Facebook founder Mark Zuckerberg increased his fortune by $ 15.5 billion to $ 71 billion, but this still left him on the fourth place on the list.

In general, the richest 400 Americans now own a fortune of $ 2.7 trillion, which corresponds to a record rating of the magazine, compared to $ 2.4 trillion in 2016. This represents an average net cost of capital of $ 6.75 billion for those who are part of the list.

27-year-old creator of Snapchat Evan Spiegel with a fortune estimated at $ 3.1 billion once again become the youngest billionaire in the list. This was enough to put him on the 248th place on the list. The oldest is the 94-year-old Alexander Spanos, one of the country's largest real estate owners and developer, as well as the owner of the San Diego Chargers football team, whose fortune is estimated at $ 2.4 billion.

source: money.cnn.com

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