Microsoft co-founder Bill Gates is sitting square on top of the Forbes magazine list of richest billionaires, while US President Donald Trump has slipped over 200 spots after his net worth took a haircut of $1 billion.
Gates was followed up by Warren Buffet of Berkshire Hathaway with an estimated value of $75.6 billion. The rest of the top ten were populated by a wide swath of American tech giants.
Jeff Bezos of Amazon hit number three with a net worth of $72.8 billion, Facebook’s Mark Zuckerberg was fifth with $56 billion and Oracle co-founder Larry Ellison spotted seventh with a value of $52.2 billion.
Rounding out the rest of the top ten were Amancio Ortega with $71.3 billion, Mexican telecommunications magnate Carlos Slim at $54.4 billion, Republican donors Charles and David Koch at eighth and ninth respectively at $48.3 billion and Michael Bloomberg brought it all home with a valuation of $47.5 billion.
Trump’s descent to number 544 on the list can be attributed to a slowing of the Manhattan real estate market. “Forty percent of Donald Trump’s fortune is tied up in Trump Tower and eight buildings within one mile of it,” Forbes reported.
Whether that’s the case or not, it can certainly be said that Trump has not been good for the Presidency and the Presidency has not been good for Trump.