Trump's assets evaporated by 1 billion USD

In the list of the world's richest people published by Forbes magazine on March 20, Donald Trump's assets evaporated by 1 billion USD, leaving him with only 3.5 billion USD. The richest person in the world is still billionaire Bill Gates.

Donald Trump waves at Trump Tower. Photo: Reuters

The main reason for President Donald Trump's sharp decline in assets is the decrease in office prices in Midtown Manhattan, where he owns many buildings.

Forbes wrote: "Forty percent of Donald Trump's fortune is tied to Trump Tower and eight other buildings within a mile. The area has recently lost some value."

With a fortune of only 3.5 billion USD, Mr. Trump fell 200 places in the list of the world's richest people, from 324th to 544th.

Although Mr. Trump's assets have decreased sharply, his election has helped the US stock market increase sharply, thereby increasing the number of billionaires. In this year's list, the US leads in the number of billionaires with 565 people; China is second, with 319 people, and Germany is third, with 114 billionaires.

The "population" of the USD billionaire list increased by 233 people, reaching 2,043 billionaires. This is also the largest increase in the 31-year history of the Forbes billionaire list. According to Kerry Dolan - co-editor of the Forbes billionaire list - the sharp increase in the number of billionaires is due to the rising stock market and rising oil prices.

The richest person in the world is still 61-year-old billionaire Bill Gates with assets of up to 86 billion USD, an increase of 11 billion USD. This is the fourth consecutive year that Bill Gates has held this position and the 18th time in the past 23 years.

The most successful person in the past year was 53-year-old billionaire Jeff Bezos, founder of Amazon, who earned an additional 27.6 billion USD, reaching 72.8 billion USD, climbing to third place for the first time.

Coming in second is 86-year-old investor Warren Buffet, with $75.6 billion. Facebook founder Mark Zuckerberg (32) also moved up in rank, entering the top 5 for the first time with a fortune of $56 billion. Zara owner Amancio Ortega (80) ranked fourth with $71.3 billion./.

According to Tuoi Tre