Wednesday, 7 March 2018

Trump’s wealth shrinks by $400m

U.S President Donald Trump’s fortune had fallen for the second year running in annual ranking of the world’s wealthiest people.

Forbes said that Trump’s net worth had fallen by $400m (£287m) to $3.1bn over the past year.

“ It means the president has slipped more than 200 places in the billionaire rankings from 544th richest last year to 766th this year,’’ it said.

The magazine attributed Trump’s decline in wealth to “a tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign”.

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