India condoles death of 12 nationals in Ras Laffan gas facility explosion, US senators flag Pakistan’s history of harbouring terrorists, hiding bin Laden, India initiates anti-dumping probe against imports of electrical steel from China, 3 other nations,

Trump not found a place in Forbes list of 400 richest Americans

Former US president Donald Trump has not found a place in the Forbes list of the richest 400 Americans for the first time in 25 years. Although Trump is worth $2.5 billion, he fell $400 million short of the cutoff required to make it to this year’s Forbes 400 list of America's richest people. Trump’s stood at 339 on the ranking last year, but his personal net worth is down $600 million this year. The  real estate mogul’s real estate assets have faltered during the pandemic and this has led to his exit from the list. 

According to Forbes, Donald Trump had a good opportunity to diversify his fortune around five years ago. After the 2016 presidential election, federal ethics officials reportedly pushed Trump to divest his real estate assets. It would have allowed him to reinvest the proceeds into broad-based index funds besides allowing him to assume office without any conflict of interest. Trump’s refusal to divest his real estate assets, therefore, is likely to have cost him at least $2 billion.


Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Related Items

  1. US Senate votes to halt Iran war despite Trump’s push for peace deal

    Full Story

  1. Trump remarks halted Iran envoy's return to talks: Report

    Full Story

  1. Modi-Trump meeting helped easing trust deficit amid strained ties

    Full Story

My Cartoon


image1


Photos

Food & Lifestyle

Avocado: A heart-smart ingredient worth adding to your plate

Avocado is also an excellent source of dietary fiber. Including it in your meals can contribute significantly to your daily fiber intake. 

Read More

Crime

West Bengal: NIA arrests 2 prime accused in Amta bomb blast case

The NIa has arrested two key accused in connection with the 2022 bomb blast in West Bengal's Amta area that claimed one life and left three others injured.

Read More

Opinion

The unpaid internship Is breaking India’s middle-class promise

A statutory minimum stipend indexed to the city cost-of-living must be mandated for any internship exceeding four weeks.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.