BEZOS TOPS FORBES RICHEST LIST; TRUMP LOSES $600M, DROPS TO NO. 352
Amazon Chief Executive Jeff Bezos topped Forbes’ list of richest Americans for the third year in a row, while US President Donald Trump’s ranking dropped from No. 275 to No. 352 as he lost $600 million for the year, Sheila Dang and Catherine Koppel reported for Reuters late on September 8, 2020..
The aggregate wealth of the Forbes 400 list rose to a record $3.2 trillion, as the richest Americans continued to do well even though the pandemic has devastated the economy and caused more than 1.8 million Americans to lose their jobs.
Eric Yuan, chief executive officer of Zoom Video Communications, which has become ubiquitous in the work-from-home era, was one of 18 newcomers on the list with a net worth of $11 billion.
Trump’s ranking dropped to No. 352 from 275 last year as his net worth fell to $2.5 billion from $3.1 billion, as office buildings, hotels and resorts, have suffered during the pandemic. His business, the Trump Organization, owns property in all three categories. Trump has long refused to release his tax records, and has been locked in a battle with Manhattan District Attorney Cyrus Vance, who subpoenaed Trump for eight years of personal and corporate returns.
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