Forbes published their annual list of the richest people in the world — and Donald Trump is the 544th richest person, down 220 spots from last year. His net worth is estimated at $3.5 billion, 1 billion less than last year.
The reason why? Forbes says 40% of his net worth is tied to Trump Tower and eight buildings within one mile of it and the current real estate market there in midtown has declined slightly.
He also gave $66 million to his own presidential campaign and paid $25 million to settle a lawsuit against Trump University.
Trump is currently tied with 19 other people at 544th place.
The No. 1 richest person in the world is… Bill Gates. He is #1 for the fourth straight year with a net worth of $86 billion. No. 2 is investor Warren Buffett with $75.6 billion. No. 3 is Amazon founder Jeff Bezos with $72.8 billion.
Forbes estimates there are now 2,043 billionaires in the world with an average of $3.75 billion net worth.
But only one of them is sitting in the Oval Office.
CNN Money Article: http://cnnmon.ie/2nDOQ8h