The Forbes 400 list is an annual compilation of the richest Americans who own assets in the US and ranks them by their net worth. Mr Trump has obsessed over the annual index for decades, “relentlessly lying to reporters to try to vault himself higher on the list”, Forbes said. Mr Trump's defence relied on “bogus arguments” that lived in a “fantasy world, not the real world”, Judge Engoron said. Prosecutors have accused Mr Trump of exaggerating his net worth by as much as $3.6 billion. This is not the first time that Mr Trump has fallen out of the Forbes 400 list.

Source: Forbes October 04, 2023 13:06 UTC