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Trump Left Off Newest List of Richest Americans?

Meanwhile, the co-founders of Moderna have made the list for the first time.


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President Donald Trump appears to have been left off of the Forbes 400 for the first time in 25 years.

The annual list marks the 400 richest people in America every year.

President Trump, whose wealth stands currently at about $2.5 billion, is at roughly the same point that he was last year.

That is a far cry from many others who were already on the list, who only saw their wealth increase.

The current top five on the Forbes 400 are Jeff Bezos ($201 billion), Elon Musk ($190.5 billion), Mark Zuckerberg ($134.5 billion), Bill Gates ($134 billion), and Larry Page ($123 billion).

Meanwhile, the co-founders of Moderna have also made the list for the first time.

Co-founders Noubar Afeyan and Robert Langer both made the list with net worths estimated at $3.7 billion and $3.5 billion.

Another Moderna investor, Timothy Springer, also made the list with an estimated $4.4 billion.

CBS News has the latest on President Trump's omission from the Forbes 400:

Former President Donald Trump has fallen off the Forbes 400, the annual list of America's richest people, according to the financial magazine. It's the first time in 25 years that Trump hasn't been included on the list.

The former president's wealth stands at an estimated $2.5 billion, or about $400 million short of the amount he would have needed to be included in the latest rankings, Forbes said. Trump's wealth has remained steady from a year earlier, when he ranked as the 339th richest American, but he fell behind others whose wealth boomed amid a surge in tech stocks and cryptocurrencies during the pandemic, Forbes said.

The problem for Trump, the magazine said, is that his wealth is focused on big-city real estate holdings, ranging from hotels to condos. But the value of such properties have "languished" during the pandemic, it added.

If Trump had sold his real estate holdings when he was elected to the presidency in 2016 and socked away the after-tax proceeds into a simple S&P 500 index fund, his wealth today would have been valued at $4.5 billion, or about 80% more than he is worth now, the magazine estimated.

While many leftists are busy celebrating President Trump's removal from the list, they are missing the fact that the people getting richer are the ones banking off of the Covid-19 plandemic.

Look who just made their debut on the Forbes 400 this year...

The founders of Moderna!

The New York Post has more on their debuts:

The success of Moderna’s COVID-19 vaccine has minted three new billionaires who had early stakes in the biotech startup, leading to their debut on this year’s Forbes list of the 400 richest people in the US.

Moderna co-founder and chairman Noubar Afeyan along with fellow co-founder and Massachusetts Institute of Technology professor Robert Langer both made the list, with estimated net worths of $3.7 billion and $3.5 billion, respectively.

Timothy Springer, a Harvard Medical School professor and early Moderna investor, also debuted on the list with a net worth of $4.4 billion, according to Forbes.

Since Moderna became the second company to win an emergency use authorization for its COVID-19 vaccine, more than 152.3 million doses have been administered, according to data from the Centers for Disease Control and Prevention.

The company has previously said it expects to make at least $19.2 billion in sales of its COVID-19 vaccine.

Moderna’s successful development of the vaccine propelled it out of the world of biotech startup obscurity and landed huge gains for shareholders.

The stock has fallen off its peak in recent weeks, but it’s still up more than 189 percent since Jan. 1, and over 300 percent higher compared with a year ago.



 

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