Donald Trump’s Worst Nightmare (Not Making Forbes 400) Just Came True

Aside from the fact that he is somehow the front-runner for the GOP nomination and has an actual shot at being reelected president of the United States, the last few months have been pretty rough for Donald Trump. For one thing, a judge ruled last week that the ex-president had spent years committing massive fraud, and now he’s on trial against the New York attorney general, who is seeking to bar him from running a business in the state and to extract $250 million in damages. On top of that, there’s the $5 million (and counting) he owes writer E. Jean Carroll after a jury found him liable for sexual abuse and defamation. And, of course, there are those pesky four criminal indictments, which could potentially lead to time in prison.

These are all things that most people would be extremely upset about—and, despite what he has claimed, Trump reportedly is. But this week, he got a piece of news that presumably led to unhinged ire throughout Mar-a-Lago, and God only knows how much ketchup strewn across the walls: news that the former guy did not make the cut for the Forbes 400 this year.

Yes, as the outlet announced on Tuesday, using words that no doubt deeply stung, “Donald Trump is no longer rich enough for the country’s most exclusive club. With an estimated $2.6 billion fortune, he is $300 million shy of the cutoff for the Forbes 400 ranking of America’s richest people, the annual measurement that Trump has obsessed over for decades, relentlessly lying to reporters to try to vault himself higher on the list.”

According to reporter Dan Alexander, the ex-president’s net worth has dropped more than $600 million from a year ago, largely thanks to the social media network he founded after being kicked off* the one formerly known as Twitter for inciting an attack on the Capitol:

Trump once envisioned a significant percentage of the country logging onto the platform. But that never happened. Roughly 6.5 million have signed up so far, about 1% of the total on X (né Twitter). Trump’s 90% stake in Truth Social’s parent company has plummeted in value from an estimated $730 million to less than $100 million.

Also apparently not helping his bottom line are Trump’s office buildings, which Forbes reports “are down by an estimated $170 million.” A “bright spot” is said to be the former guy’s Miami golf club, Trump National Doral, which is reportedly now worth “an estimated $291 million, before subtracting its $125 million of debt.” After initially lying to sneak his way onto the inaugural list in 1982—by claiming, per Forbes, “that he held a larger percentage of [his father’s] fortune than he actually did”—and dropping off in 1990, Trump won a legitimate spot on the ranking in 1996 and remained there until 2021, when he fell off once again.

Obviously, with an estimated $2.6 billion in the bank, Trump is still an extremely rich man, though clearly the guy cares about money and his brand as a rich person more than most people. Speaking to MSNBC over the weekend, Trump’s former fixer Michael Cohen told Jen Psaki that the prospect of losing control of some of his real estate properties—which could happen if the New York attorney general case does not go his way—would be one of the worst things that could ever happen to Trump. “It is the death blow to Donald,” Cohen said. ”And I’ll tell you, during my tenure at the Trump Organization, I can tell you this has always been his biggest fear. That he would lose money, that he would lose all of his money, and that he would no longer be considered the mega-billionaire that he tried to portray himself as.”

*The ban was supposed to be permanent, but then you-know-who let him back on.