Amazon's Bezos tops Forbes richest list, pandemic knocks Trump lower

[webfact]

Amazon's Bezos tops Forbes richest list, pandemic knocks Trump lower

By Sheila Dang and Catherine Koppel

 

FILE PHOTO: A combination photo shows Amazon CEO Jeff Bezos (L) in New York and U.S. President Donald Trump at the White House in Washington, DC, U.S. on December 14, 2016 and on December 20, 2017 respectively. REUTERS/Shannon Stapleton (L) Jonathan Ernst (R)/File Photo

 

(Reuters) - Amazon Chief Executive Jeff Bezos topped Forbes' list of richest Americans for the third year in a row, while U.S. President Donald Trump's ranking dropped as the coronavirus pandemic slammed his office buildings, hotels and resorts, the magazine said Tuesday.

 

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, which is short about 11 million jobs compared to where it was in February.

 

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.

 

Amazon CEO Jeff Bezos topped Forbes' list of richest Americans for the third year in a row, while U.S. President Donald Trump's ranking dropped as the pandemic slammed his office buildings, hotels and resorts, the magazine said Tuesday. Colette Luke has the latest.

Trump's ranking dropped to No. 352 from 275 last year and 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.

 

The annual list can serve as a way to track the wealthiest people in the country who hold the most power, said Kerry Dolan, assistant managing editor of wealth at Forbes, in an interview with Reuters TV.

 

"As a society, we all should know who is behind the biggest companies and what they're doing with their money," she said.

 

(Reporting by Sheila Dang and Catherine Koppel; Editing by David Gregorio)

 

-- © Copyright Reuters 2020-09-09

 

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[Tug]

Uh ho old donalds gonna have a tantrum I perdict a furious tweet storm and many attacks against Jeff lol after all Jeff is self made did it with smarts and timing donald got 400 million from dadda lol

[PatOngo]

1 hour ago, webfact said:

Trump's ranking dropped to No. 352 from 275 last year and 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.

No worries Donald, you are still the greatest BSer of all time...............Number 1! Nobody can take that title away from you!

[colinneil]

6 minutes ago, PatOngo said:

No worries Donald, you are still the greatest BSer of all time...............Number 1! Nobody can take that title away from you!

What a shocking thing to say, terrible you think like that, maybe if he reads your post he will be offended.????????

[Chomper Higgot]

Put a ‘yet to be confirmed’ alongside Trump’s net worth.

[PatOngo]

5 minutes ago, colinneil said:

What a shocking thing to say, terrible you think like that, maybe if he reads your post he will be offended.????????

  Maybe I should take back ALL those horrid, nasty things I said behind his back!...................Nah!

[mtls2005]

1 hour ago, Tug said:

Uh ho old donalds gonna have a tantrum I perdict a furious tweet storm and many attacks against Jeff lol after all Jeff is self made did it with smarts and timing donald got 400 million from dadda lol

 

He may be more furious to learn the Bezos' ex-wife, MacKenzie Scott is worth $ 60 billion? And that she has made some significant ($ 1.7 B this year) charitable donations. She is the second richest woman on the list.

 

https://www.bloomberg.com/billionaires/

 

Elon Musk is roaring up the list I see.

 

 

 

[Redline]

I’m curious how many other billionaires have gone bankrupt 5 times, as Trump has

[klauskunkel]

7 hours ago, webfact said:

Trump's net worth fell to $2.5 billion from $3.1 billion

Melania won't be happy about that

[Bender Rodriguez]

wait, did he not have to sell all HIS shares so owing nothing ?

[oobar]

Trump needs to apply to Putin to cough up the $100k bounty per US citizen that the Doofus Murderer has killed by his own (in)actions.  That would move him far up the money ranking list.  Of course, most of those he has put to death haven't been soldiers, but they're dead Americans all the same.  If Putin pressures him for a discount because the numbers are so huge, Doofus Donald can practice his fabled art of the deal on him.