Donald Trump isn't as rich as he used to be, according to the Forbes Billionaires List published Monday.
Forbes' latest ranking estimates that Trump is $1 billion poorer since assuming the executive office.
Reportedly, his net worth has fallen from $4.5 billion last year to $3.5 billion today.
He dropped 208 spots.
220 if you note that he shares his spot with 19 others as the 544th richest person in the world. (One of whom is probably a smurf.)
Trump's tumble down the list isn't due to his businesses, even though he's since resigned from them.
He still owns them.
Trump's wealth is not what it used to be, Forbes notes, because roughly 40 percent of Trump's wealth is tied up in the midtown Manhattan real estate market.
"Forty percent of Donald Trump's fortune is tied up in Trump Tower and eight buildings within one mile of it," according to the magazine. "What happens in that micromarket does more to affect the net worth of Donald Trump than anything else in the world. Lately, the neighborhood has been struggling (relatively speaking)."
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