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On Tuesday, Forbes Magazine announced that Donald Trump has been taken off of The Forbes 400 list of America’s wealthiest people. “With an estimated $2.6 billion fortune, he is $300 million shy of the cutoff” for the “annual measurement that Trump has been obsessed over for decades, relentlessly lying to reporters to try to vault himself higher on the list,” Forbes said in a statement. The magazine claimed that one factor in his fallout was Trump’s deal to merge his social media company, Truth Social, with special purpose acquisition company (SPAC) Digital World Acquisition Corp. “If Trump’s p...
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Los Angeles Laker superstar LeBron James may not be participating in the NBA Finals this year but he is still collecting accolades. The four-time NBA Champion has an evaluated net worth of one billion dollars. According to Forbes, James has been one of the top-earning athletes in the world over the last few years. His $121.1 million earned in the last year was second only to Lionel Messi. This was based on his $44.5 million salaries and money earned with off-court brand deals, endorsements, as well as James’ other ventures. Here’s where else James makes his earnings. Throughout his NBA career,...
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Former President Donald Trump‘s business debt from his Trump Organization has increased by $200 million since he exited the Oval Office, now totaling $1.3 billion, according to the Forbes‘ analysis released on Thursday. The business magazine also projected that the former president has over $700 million of debt due soon. “Trump has an estimated $738 million of debt coming due over the next three years,” Forbes projected. “If he is careful, he should be able to work his way through it.” The report further noted that Trump’s pending debt payment due could pressure him more as he is considering a...
uPolitics.com
Former President Donald Trump fell off the Forbes‘ annual report of the 400 wealthiest Americans, the first time he was excluded from the list in 25 years. According to the report, Trump’s worth was estimated at $2.5 billion, $400 million short of this year’s cutoff. Trump’s wealth decreased by about $600 million since the pandemic started in 2020. His properties and real estate from his Trump Organization are mostly in big cities or in the hospitality industry. “If Trump is looking for someone to blame, he can start with himself,” Forbes wrote Tuesday. “Five years ago, he had a golden opportu...
uPolitics.com
Washington (AFP) - Forbes, the media group known for its long-running business magazine, said Thursday it would become a publicly traded company after securing $400 million in financing. Forbes Global Media Holdings Inc. will become a listed company on the New York Stock Exchange under a deal with a special purpose acquisition company (SPAC) called Magnum Opus, sponsored by the private equity firm L2 Capital. The media group was sold in 2014 to Asia-based investment group Integrated Asset Management Limited, founded by Tak Cheung Yam. Forbes magazine was launched in 1917 by Scottish immigrant ...
AFP
Former President Donald Trump has fallen 300 spots on the Forbes billionaires list – going from No. 1,001 to No. 1,299 in just a year. Trump’s fortune has fallen by nearly a third since he first entered the Oval Office – dropping from $3.5 to $2.4 billion, a loss that can be attributed to his refusal to divest his assets. Had he taken a different route, the 74-year-old businessman would be about $1.6 billion richer than he is today. Nonetheless, Trump is still richer than he was at the start of the pandemic, with four of his properties reporting significant gains in the past year. However, a f...
uPolitics.com
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