Being president is bad for business.
According to the latest edition of the annual Forbes Billionaires List, President Trump has fallen more than 200 spots from his position last year.
Not that Mr. Trump is hurting. Forbes said his net worth in February 2018 came in at $3.1 billion versus $3.5 billion last year, still good for No. 766 on the Forbes 2018 list.
This year’s drop from is the second consecutive major slippage for Mr. Trump since he became president. In the 2017 list, his No. 544 placing was itself a 200-spot drop, as Forbes then estimated that his net worth had taken a $1 billion hit since 2016.
About half of Mr. Trump’s net worth ($1.5 billion) is in New York real estate, with the next largest share being golf clubs and resorts ($560 million).
Topping the list is Amazon CEO and founder Jeff Bezos — a man whom Mr. Trump regularly attacks over his ownership of the Washington Post — who was estimated to be worth $112 billion, making him the first man to break that 100-billion barrier. The entire U.S. GDP was less than that in 1939 ($94 billion).
Rounding out the Top 5, in order, are Microsoft founder Bill Gates, investor Warren Buffett, high-end retailer Bernard Arnault (the only non-American in the top five), and Facebook founder Mark Zuckerberg.
• Victor Morton can be reached at vmorton@washingtontimes.com.
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