Donald Trump’s net worth plummeted by a whopping $600 million to $3.1 billion, according to the Forbes list of the 400 richest Americans.

The 71-year-old billionaire-in-chief is now 248th on the roster — down 92 spots from 156 a year ago.

The magazine credits the drop to “a tough New York real estate market, particularly for retail locations” and “a costly lawsuit and an expensive presidential campaign.”

While Trump’s fortune fell, Bill Gates sits at the top spot for the 24th year in a row. Amazon owner Jeff Bezos stayed at number 2. Warren Buffett and Facebook founder Mark Zuckerberg held their respective third and fourth slots.

Categories: News