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World President Trump Falls 200 Places on Forbes Richest List 2017


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American President Donald Trump has fallen 200 places in the list of richest people on the face of the earth.

According to Forbes’ 2017 billionaire list, the US President is now only 544th in the global ranking of the world’s super-rich.

This puts him 200 places below his rank in 2016, with an estimated wealth of $3.5bn compared to $3.7bn of last year and $4.5bn the year before.

According to Forbes, his fall is due to the state of the Manhattan real estate market in which he invested a disproportionate amount of his fortune.

“Forty per cent of Donald Trump’s fortune is tied up in Trump Tower and eight buildings within one mile of it,” Forbes said. “Lately, the neighbourhood has been struggling (relatively speaking)."
 

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