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    HomePoliticsTrump Regains a Spot in 'Forbes 400' Wealth Ranking; Mark Zuckerberg Plummets...

    Trump Regains a Spot in ‘Forbes 400’ Wealth Ranking; Mark Zuckerberg Plummets Down List Thanks to Cataclysmic Losses

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    This year, a familiar name returned to the “Forbes 400,” while a long-standing name dropped off the list’s top spot.

    Elon Musk, CEO of Tesla, topped the list with an estimated net worth of $251 billion, making him not just the richest American but also the richest person on Forbes’ list of worldwide billionaires.

    Forbes listed former President Donald Trump as the 343rd wealthiest person in the United States.

    Forbes claimed that Trump, who had dropped off the 2021 list, had an estimated net worth of $3.2 billion.

    Trump’s comeback was precipitated by his founding of the Trump Media and Technology Group, the firm responsible for the social media site Truth Social.

    According to Forbes, Trump’s interest in this enterprise is valued at $730 million.

    As much as the technology sector gives, it also takes away.

    Forbes reports that Facebook creator Mark Zuckerberg fell off the list of America’s 10 richest persons for the first time since 2015.

    Forbes reported, “No one in America has lost as much money over the past year as Zuckerberg.”

    Forbes estimates that the 57 percent decline in the value of Meta’s shares contributed significantly to Zuckerberg’s $76.8 billion loss over the last year.

    More on this story via The Western Journal:

    Zuckerberg is a long way from the poorhouse, with an estimated net worth of $57.7 billion, which placed him 11th on the list. He was third on the list last year.

    A privacy policy update from Apple that limits tracking has caused ripples in the tech sector that led to Meta reporting its first-ever decline in advertising revenue this summer. CONTINUE READING…

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