Trump slips on the Forbes billionaire list

Donald Trump's fortune has shrunk by 800 million dollars to 3.7 billion dollars, according to the Forbes list of billionaires on Thursday.

The magazine's list ranks Trump 502nd out of total of 1,810 billionaires worldwide. In March the real estate magnate and current Republican presidential candidate was ranked 324th.

For decades Trump has disputed Forbes' estimates of his fortune. The 70-year-old tycoon has claimed his net worth to be in the range of 10 billion dollars.

According to Forbes, Trump's assets were affected by a downturn in the New York real estate market. The New Yorker's fortune has played a central role in the US election, as Trump has claimed his enormous wealth renders him independent.

Because the candidate has yet to make his tax returns public, Trump's exact worth remains a riddle. Forbes' figures are estimates based on public sources, and the magazine doesn't claim them to be definitive.

The individuals in this year's Forbes list have a combined worth of 6.5 trillion dollars. However, the list itself has shrunk from last year's record high of 1,826 billionaires.

Last update: Fri, 30/09/2016 - 07:21
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