Trump's Forbes 400 ranking has taken a leap forward since he became president

If there is one thing that Donald Trump has established over the years, it is that he is incredibly wealthy. His name is inscribed on buildings around the world and his favorite color palette for interior decoration is a very shiny gold, as in Trump Tower and Mar-a-Lago. But since he's become president, Trump's Forbes 400 ranking has dropped, Forbes reported Tuesday, with its net worth decreasing by more than a billion dollars since the announcement of his candidacy for the presidency in 2015.

Forbes, known to follow America's richest figures, said his change in net worth had resulted in a steep drop of 138 spots on the latest list of The Forbes 400, which is expected to be released Wednesday. Trump appeared at number 248 last year and at number 35 the year before in 2016, The hill reported. according to ForbesTrump's net worth went from $ 4.5 billion in 2015 to $ 3.1 billion, a figure that has been fluctuating for two years.

Finance magazine attributed the net worth loss to a number of factors, including its divestment policy and unstable economic policy. The report says that Nike has abandoned its flagship store at Trump Tower earlier this year and that Ivanka Trump's accessories business has also closed.

Eric Trump, who co-manages the Trump organization, defended his father in a statement to Forbes, saying, "My father made a huge sacrifice in leaving a company that he built all his life to get into politics."

"Everything he does is in the interest of the American people, he has no involvement in the Trump Organization and, frankly, it is outrageous to suggest the opposite," added Eric.

Another reason for the fall of Trump's ranking is his time in the spotlight of the Oval Office. Earlier statements by the president about his net worth were examined and examined by journalists, who reported that the president allegedly lied about his fortune.

A previous journalist on the Forbes 400 list, Jonathan Greenberg, wrote a column for The Washington Post, noting that it took decades to unravel the "elaborate farce that Trump had adopted to project an image of one of the richest peoples of America". Greenberg said that in the inaugural list of Forbes in 1982, the point of sale had ranked Trump with a value of $ 100 million, but that was not true. Trump was actually worth about $ 5 million, which was later proved by several government reports. The Washington Post piece said the White House declined to comment on the subject.

The polarization of the country by the president has led to a polarization of its clientele. Forbes According to Trump, Trump has recorded a loss of about $ 200 million in his businesses as well as a 9% drop in his golf clubs in 2017.

The reality of the president's financial strategy probably does not resemble the presidential marketing strategy on which he seems to have worked for years. After all, it's Trump, 18 years ago, who told Fortune in 2000, "it is very possible that I am the first presidential candidate to run for office and make money".