Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Photo: Alex Brandon / AP
President Trump's net worth has fallen by $600 million over the past year from $3.7 billion to $3.1 billion, according to Forbes' 400 list ranking the richest people in America. Trump, who last year was ranked as the 156th wealthiest person in the country, now falls to No. 248, tied with Snapchat founder Evan Spiegel and others.
"Most notable loser:" Forbes, which has tracked Trump's wealth since the list first debuted in 1982, called Trump this year's "most notable loser," and blamed his losses on "a tough New York real estate market...a costly lawsuit and an expensive presidential campaign."
Key quote: "Trump did not campaign with the magazine in an effort to boost his ranking as he's done in years past" Luisa Kroll, Forbes magazine senior wealth editor, told CNBC. "We'll see if he tweets today. I know he cares a lot."
The top 10 members of America's most exclusive club:
1. Microsoft's Bill Gates is ranked at the top for the 24th-consecutive year, with a net worth of $89 billion in 2017.2. Amazon's Jeff Bezos is second for the second-consecutive year, with a net worth of $81.5 billion in 2017.3. Berkshire Hathaway's Warren Buffett is third for the second year in a row, after dropping in 2016 from his 15-year hold on the second spot. His net worth is currently $78 billion.4. Facebook's Mark Zuckerberg was Forbes' "biggest gainer," with his net worth jumping $15.5 billion to $78 billion.5. Oracle's Larry Ellison has a net worth of $59 billion. 6 & 7. Koch Industries' Charles Koch and David Koch tied. The brothers have a net worth of $48.5 billion each.8. Bloomberg's Michael Bloomberg has a net worth of $46.8 billion. 9. Google's Larry Page shows a net worth of $44.6 billion. 10. Google's Sergey Brin has a net worth: $43.4 billion.