Donald Trump falls off Forbes 400 rich list for first time in 25 years

Los Angeles - He is down $600 million since the start of the Covid-19 pandemic

Former US President Donald Trump is a man of much wealth. And for the last 25 years, he has been a standard feature on the Forbes 400 list of richest men in the world.

Not so this year.

For the first time in the last couple of decades, the business magnate — whose net worth is an estimated $2.5 billion — fell short of the cutoff to make the list by about $400 million.

According to Forbes, the media personality is "just as wealthy as he was a year ago", when he stood at No. 339 on the ranking. However, he is down $600 million since the start of the Covid-19 pandemic — a fact that cost him a spot on the coveted rich list.

Of course, the real estate mogul has bigger things to worry about at the moment.

Earlier this week, a New York state judge gave Trump a December 23 deadline to undergo questioning in a defamation lawsuit filed by a former contestant on "The Apprentice" after he denied her sexual assault accusations.

(With inputs from Reuters)