Donald Trump tumbles down billionaires’ rankings - plummeted nearly 300 places in the Forbes list

[SilentPanda]

Bezos was one of the biggest winners, topping the poll for the fourth consecutive year with a fortune of $177bn, while the Tesla boss, Elon Musk, zoomed into second place with a $151bn fortune, up $126.4bn from a year ago, when he ranked No 31 and was worth "just" $24.6bn.

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Together the plutocrats added $5tn to their wealth for a combined fortune of $13.1tn, up from $8tn on the 2020 list. A record 493 people joined the list this year – one new billionaire every 17 hours. The majority, 205, were in China. But the gains were widespread with gains across the world.

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Not everyone was a winner. According to the latest list, Donald Trump's standing among other billionaires has plummeted almost 300 places since 2020, down to No 1,299. The humiliating fall sits on Forbes' list next to a quote from the former president reading: "I took a lot of finance courses at Wharton. First they taught you all the rules and regulations. Then they taught you that those rules and regulations are really meant to be broken."

Trump has lost millions on his retail locations, hotels and golf resorts in the last few years. But it does seem that businesses who were distancing themselves from Trump after the Capitol attack, continue to lease his properties, helping him to rake in millions on some properties in the last year.

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"The very, very rich got very, very richer," Forbes' chief content officer, Randall Lane, said in an interview with Reuters Video News.

Meanwhile, the pandemic looks to increase the number of people living in extreme poverty by up to 150 million people this year – the first year that the number collated by the world bank has risen in 20 years.

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Value judgment: Donald Trump tumbles down billionaires’ rankings

While the richest got spectacularly richer during the pandemic, the ex-president plummeted nearly 300 places in the Forbes list

www.theguardian.com

Forbe list

Forbes Billionaires 2024

Forbes presents the 2024 World's Billionaires List. View the richest people in the world including the youngest billionaires, female billionaires and newest billionaires.

www.forbes.com

 

[B-Dubs]

Don't really need a thread for every random Trump factoid.