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Former President Trump speaks at a rally on Sept. 25, 2021, in Georgia. Photo: Sean Rayford/Getty Images

Former President Trump has fallen off the Forbes 400 list of America's richest people for the first time in 25 years, Forbes reports.

Driving the news: Trump, worth an estimated $2.5 billion, was $400 million short of the cutoff to make this year's list.

  • Trump is just as wealthy as he was one year ago, when he came in at number 339 on the list, but he is down $600 million since the start of the pandemic as big-city properties have languished, per Forbes.

The big picture: Trump ranked in the top half of the Forbes 400 list from 1997 to 2016, but his positioning started to drop after he took office in 2017.

  • Amazon founder Jeff Bezos topped the list for the fourth year in a row, followed by Tesla CEO Elon Musk, per Forbes.

Go deeper: Trump nears deal for D.C. hotel

Go deeper

Felix Salmon, author of Capital
17 hours ago - Economy & Business

Tesla hits $1 trillion market cap after massive Hertz purchase

Expand chart
Data: YCharts; Chart: Kavya Beheraj/Axios

Tesla joined one of the most exclusive clubs in the world Monday when an announcement about Hertz buying its cars sent its market capitalization over the $1 trillion mark.

Why it matters: No matter how high it rises, Tesla stock always seems to be able to outperform expectations.

Updated 60 mins ago - World

Brazil senators vote to recommend criminal charges for Bolsonaro

Brazilian senators vote on probe into President Bolsonaro's handling of pandemic. Photo: Gustavo Minas/Bloomberg via Getty Images

A Brazilian Senate committee Tuesday voted to approve a report recommending President Jair Bolsonaro be charged with a raft of criminal indictments, including crimes against humanity over his response to the COVID-19 pandemic, per AP.

Why it matters: Bolsonaro has become the face of a right-wing approach to the pandemic that includes repudiating vaccines and masks and resisting lockdowns and other mitigation measures. The Senate report holds him personally responsible for half of the country's 600,000 deaths.

Former Georgetown tennis coach pleads guilty to accepting admissions bribes

Gordon Ernst (left) former head tennis coach at Georgetown, outside a courthouse in Boston in 2019. Photo: Jessica Rinaldi/The Boston Globe via Getty Images

A former Georgetown University head tennis coach has pleaded guilty Tuesday to bribery charges related to facilitating the admission of prospective applicants.

Why it matters: Gordon Ernst solicited and accepted bribes from William Singer, ringleader of the cheating scheme uncovered by Operation Varsity Blues, and families in exchange for helping prospective applicants get into Georgetown as student athletes, according to the Justice Department.