Former United States President Donald Trump has dropped off the Forbes 400 list of the wealthiest Americans for the first time in 25 years, with the shortcoming majorly being attributed to the COVID-19 pandemic.
In 2020, Trump was seeded on the 339th spot on the top 400 list with an estimated net worth of $2.5 billion, however, Forbes suggests that he "is down $600 million since the start of the pandemic".
According to a report published by the magazine, the real estate sector, which makes up the major chunk of the business ventures owned by Trump, has taken a hit during the COVID-19 pandemic.
The top spots on the Forbes 400 list, however, have remained nearly consistent from last year. Amazon founder Jeff Bezos has secured the top spot for the fourth year in a row, a feat likely to be supported by his recent trip to space aboard a Blue Origin space vessel.
The second spot has been claimed by yet another space enthusiast, Elon Musk, who is also the leader of the automobile company Tesla and exploration organisation SpaceX.
The former United States President secured a spot in the top 400 list for the first time in 1996. However, Forbes said in a report that "things took a turn for the worse the year he won the presidency. After five years of dropping in the rankings, he's now off the list entirely."
Trump's financial stronghold over the next years is considered to be a major deciding factor in his run for the White House in the next Presidential elections. According to reports from CNN, if Trump's finances are perilous, his run may in be question.