Trump slips over 200 places in Forbes billionaires list
U.S. President Donald Trump has tumbled down more than 200 places in the world's billionaire rankings after losing around $400 million in his net worth from last year.
The business tycoon, with $3.1 billion is now ranked 766th this year, down from a 544th ranking last year.
Forbes, the American magazine which compiles a list of the world's richest people annually, attributed his decline to "a tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign."
Also Read: US President Donald Trump imitates PM Narendra Modi's accent
Trump also lost out around a billion dollars in net worth in 2017.
According to Daily News, Trump Tower, the President's New York home, lost an estimated $41 million in value last year.
Another property on 57th St. is losing a longtime tenant in Nike.
Trump also shelled out $25 million in settling lawsuits that alleged his Trump University real estate courses defrauded students.
Also Read: US President Donald Trump paid USD 130k to adult star who claimed to have an affair with him: Lawyer
The billionaires list features Amazon chief Jeff Bezos at the numero-uno spot, with his combined wealth totaling to a mind-boggling $112 billion. At the second place is former world's richest man and Microsoft founder Bill Gates, with his wealth at $90 billion.
According to the magazine, the gulf between the first and second spot has never been this big.
![BJP's Kapil Mishra recreates Shankar Mahadevan’s ‘Breathless’ song to highlight Delhi pollution [WATCH]](http://images.catchnews.com/upload/2022/11/03/kapil-mishra_240884_300x172.png "BJP's Kapil Mishra recreates Shankar Mahadevan’s ‘Breathless’ song to highlight Delhi pollution [WATCH]")
![Anupam Kher shares pictures of his toned body on 67th birthday [MUST SEE]](http://images.catchnews.com/upload/2022/03/07/Anupam_kher_231145_300x172.jpg "Anupam Kher shares pictures of his toned body on 67th birthday [MUST SEE]")
