The former president of the United States, Donald Trump, has left the list of 400 Americans richest in Forbes magazine, since his fortune is estimated at 2.6 billion dollars, putting him 300 million below the threshold.

The magazine made this announcement on Tuesday, indicating in a articleIn a recent report, the Republican tycoon's net worth was reduced by 600 million dollars compared to last year, and the main reason is the dramatic loss of value of his social network Truth Social.

According to Lusa, Truth Social's parent company, of which Trump is the majority shareholder (90%), has fallen from an estimated value of 730 million dollars to less than 100 million dollars, reflecting its minority stake in a market dominated by X (formerly Twitter) and its complicated stock exchange presence, which has not prospered.

Losses in the value of its office buildings in San Francisco and New York also had an influence, due to the prospect of lower occupancy in the future, which together reduced the value by around 160 million dollars, Forbes reported.

The Forbes 400 list has been 'obsessed' for years with Trump, who "lied incessantly to [the magazine's] reporters in an attempt to position himself higher" in the 'ranking', according to the article, which indicates that the most powerful asset the former president now owns is money, around 426 million dollars.

The Republican favorite in the 2024 presidential race is currently facing a civil lawsuit in New York for fraud in the Trump Organization, which puts his businesses at risk and, in the initial allegations, the prosecution highlighted that in addition to lying to banks and insurance companies by inflating his figures, he misled Forbes.

Before the trial began, the businessman had already been found liable for corporate fraud by the judge, who also canceled his operating licenses in the state, and in the ongoing trial Trump faces a fine for damages of up to 250 million dollars and the possibility of having all business in the state vetoed.

It's not the first time that Trump has fallen off the list, which he joined in 1982, "by convincing a journalist that he had a larger percentage of Fred's [Trump's father] fortune" than he actually did, and which he left in 1990, when his debts were made public.

It was then on the list from 1996 to 2021, and came back after the announcement of Truth Social, which is now to blame for its fall.