"Relentlessly Lying": Trump drops off Forbes 400 list of wealthiest Americans

Mod: Another milestone in Donald's long fall from power.

Trump drops off Forbes 400 list of wealthiest Americans (Axios link): Former President Trump has dropped off the The Forbes 400 rich list of America's wealthiest people, the magazine announced Tuesday.

"With an estimated $2.6 billion fortune, he is $300 million shy of the cutoff" for the "annual measurement that Trump has obsessed over for decades, relentlessly lying to reporters to try to vault himself higher on the list," Forbes said.

A factor in Trump falling off the list of 400 richest Americans was that the deal to merge his social media company Truth Social with a SPAC remained in limbo.

"If Trump's platform were thriving, he would probably have no trouble finding alternate financing. But it's not, and there is little reason to be optimistic about Truth Social's future," according to Forbes.

The ranking comes a week after a New York state judge ruled ahead of Trump's civil fraud trial, which began this week, that he committed fraud by exaggerating his net worth on financial records.

N.Y. Attorney General Letitia James alleges in a court filing that Trump's annual net worth was exaggerated by 17-39%, or between $812 million and $2.2 billion, during the period 2011 to 2021.

Trump, the front-runner in the GOP presidential primary, denies any wrongdoing and insists the case is a witch-hunt and attempt to damage him so he doesn't "do as well as I'm doing in the election." Representatives for Trump did not immediately respond to Axios' request for comment.