According to Forbes, Trump is now worth an estimated 2.5 billion dollars, which puts him 400 million dollars short of making this year's 400 lists.
This was posted on Forbes' verified Instagram page on Tuesday night.
According to Forbes, the real estate mogul is just as wealthy as he was a year ago, when he was ranked 339th, but he has lost 600 million dollars since the pandemic began.
It stated that in the COVID era, technology stocks, cryptocurrencies, and other assets have thrived.
But the big-city properties that make up the majority of Trump's fortune had sat dormant, kicking the former president out of the country's most exclusive club.
“The market's wild swings and stunning rise since the early days of the COVID-19 pandemic had turned many millennials into avid investors, and no one had benefited more from their obsession with meme stocks and cryptomania than a few of their young peers,” it reported.
In total, 15 Forbes400 members are under the age of 40, up from 12 in 2020, with six making their debut on the list.
Among the 15 is 29-year-old Sam Bankman-Fried, who has amassed an incredible 22.5 billion dollars through his cryptocurrency exchange, FTX.
Exchange of rivals Coinbase co-founders Brian Armstrong (38) and Fred Ehrsam (33) are valued at $11.5 billion and $3.5 billion, respectively, while Robinhood Markets' 37-year-old co-founder Baiju Bhatt is valued at $2.9 billion.
With a fortune of 134.5 billion dollars, Mark Zuckerberg (37), by far the wealthiest person in this group.
Forbes is owned by Integrated Whale Media Investments and the Forbes family and publishes original articles on finance, business, investing, and marketing.
It also covers topics such as technology, communications, science, politics, and law.
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