10 People Who Are Richer Than Donald Trump
Billionaire Donald Trump is the wealthiest man to become president of the United States by a long shot, but he might not be quite as wealthy as you think he is. The current president and former reality TV star is worth about $3.1 billion, according to Forbes. That puts him at No. 248 on the magazine’s famous list of America’s richest people, a drop of 92 spots from 2016.
A net worth of more than $3 billion is nothing to sneeze at, but it’s clearly not enough to place Trump among the richest people in the U.S. On the 2017 Forbes 400 list, he came in behind both former presidential candidate H. Ross Perot (No. 167) and Michael Bloomberg (No. 8) another businessman-turned-politician.
What’s behind Trump’s declining wealth? According to Forbes, a tough real estate market in his hometown of New York, an expensive lawsuit, and cost of funding his presidential campaign are all to blame. And for what it’s worth, Trump’s been arguing with Forbes about how much he’s really worth for years. In the past, he’s said his real fortune is closer to $10 billion. The discrepancy boils down to a difference in how he and the magazine estimate a person’s fortune. Trump includes the value of his brand in his net-worth estimates; Forbes doesn’t.
Whether he’s worth $10 billion or $3.1 billion, there’s no question Trump’s fortune is dwarfed by that of Bill Gates, Warren Buffett, and Mark Zuckerberg. What might be surprising, though, are all the other people who are wealthier than Trump.
Some names won’t be familiar to most Americans. Blair Parry-Okedon (No. 39 on the Forbes 400) is heir to the Cox Enterprises fortune and so under-the-radar that the magazine didn’t even include her photo. But others are familiar names and faces. In fact, No. 4 on our list was an adviser to Trump (until he quit), while No. 3 has called Trump a conman.
Let’s take a look at 10 famous people you might not have realized are richer than Donald Trump, as well as their views and connections to the 45th president of the U.S.
10. George Lucas
Forbes 400 rank: 118
The man who created Star Wars has a net worth of $5 billion. George Lucas doesn’t appear to have publicly shared his views on Trump, though he did give former Sen. Bill Bradley the idea for an anti-Trump ad that aired in some states just before the election, Bloomberg reported.
9. Ralph Lauren
Forbes 400 rank: 91
Fashion industry titan Ralph Lauren is worth an estimated $5.8 billion. Melania Trump wore a custom Ralph Lauren outfit at her husband’s inauguration, which appeared to trigger a bump in his company’s stock price, Yahoo reported.
8. Robert Kraft
Forbes 400 rank: 83
The owner of the New England Patriots has a fortune of about $6.2 billion. Robert Kraft is a friend of Donald Trump, who he said reached out to support him after his wife’s death. Trump, for his part, likes to tout his connections to the Patriots (he’s also friendly with Tom Brady and Bill Belichick), the New York Times reported. But Kraft has since said he’s “disappointed” with the president’s comments on NFL players’ national anthem protests.
7. David Geffen
Forbes 400 rank: 63
Entertainment industry mogul David Geffen (he founded Dreamworks SKG, among other ventures) is worth $7.8 billion. He’s a well-known Democratic donor but also has ties to the Trump family.
6. Charles Schwab
Forbes 400 rank: 54
Charles Schwab isn’t just a brand name. The man who founded one of the largest brokerage firms in the U.S. has a fortune of roughly $8.4 billion. Barron’s predicts the company he founded might thrive during the Trump era because of reduced taxes and higher interest rates, which would be good for Schwab’s personal bottom line. Although he’s no longer the company’s CEO, he’s still its largest shareholder.
5. Rupert Murdoch
Forbes 400 rank: 39
4. Elon Musk
Forbes 400 rank: 21
Elon Musk, who co-founded Paypal, now runs Tesla Motors and SpaceX. He’s worth an estimated $20.8 billion. Although he criticized Trump during the campaign, he later became an adviser to the president. The alliance was short-lived, though. Musk quit after Trump withdrew from the Paris Climate Agreement.
3. George Soros
Forbes 400 rank: 20
Hedge fund investor George Soros is worth an estimated $23 billion. The well-known liberal (he has given away $12 billion of his fortune to “individuals and organizations across the globe fighting for freedom of expression, transparency, accountable government, and societies that promote justice and equality”) is a critic of Donald Trump. He recently called him a “conman … and a would-be dictator,” and predicted his presidency will fail, Fortune reported.
2. Michael Dell
Forbes 400 rank: 19
The man who founded Dell computers is worth an estimated $23.2 billion. Michael Dell has visited Trump at the White House. He has been less critical than some of his tech-industry counterparts of the president’s decision to temporarily bar people from seven majority-Muslim countries from entering the U.S., Forbes reported.
1. Phil Knight
Forbes 400 rank: 18
The Nike founder has a net worth of $25.2 billion. Although Phil Knight has retired from the company he co-founded, he said in an interview in May 2016 he wasn’t worried about the effect Donald Trump’s trade policies would have on Nike, which makes its shoes abroad.
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