According to the latest Forbes billionaire ranking, former President Donald Trump took a nosedive on the list this year -- falling 300 spots.
Trump is now number 1,299 on the list.
His current net worth stands at $2.4 billion, Forbes reported.
On Tuesday, the publication released its 35th annual list of world billionaires and noted a strong increase in the total number over the last year.
Forbes reports that this year’s total number of billionaires is up to 2,755, up about 30% from the 2020 list.
“The number of billionaires on Forbes’ 35th annual list of the world’s wealthiest exploded to an unprecedented 2,755—660 more than a year ago,” the outlet explained. “Altogether they are worth $13.1 trillion, up from $8 trillion on the 2020 list.”
Forbes cited several factors that may have caused this uptick, including “rapid-fire public offerings, surging cryptocurrencies and skyrocketing stock prices.”
Trump’s holdings have been hard over the last few years. From his building on New York City’s legendary fifth avenue, which reportedly lost $217 million to his tower in the financial district, which lost an estimated $195 million.