President Trump is Still Rich, But Drops in Forbes Latest List

    (AP Photo/Manuel Balce Ceneta, File)

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    He won White House, but the President losing some of his wealth.

    FOX's Hilarie Barsky reports:

    The list is out of Forbes 400 Richest Americans and it shows that the commander in chief's wealth dropped by $600 million to $3.1 billion.

    As a result, President Trump's ranking is now at No. 248 on the list, after coming in at 156 last year. The magazine attributes his "decline in wealth to challenging New York real estate market, a costly lawsuit and an expensive presidential campaign."

    They say the rich get richer and it now takes a record $2 billion to make the cut on the Forbes list.

    For the 24th year, Microsoft founder Bill Gates topping the list with a net worth of around $89 billion, followed by Amazon founder and CEO Jeff Bezos and coming in third, 'The Oracle of Omaha,' billionaire investor Warren Buffet.

    Hilarie Barsky, FOX News.