The cost of being president: Forbes 400 shows Donald Trump's wealth drops [FOX Business Network]
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Source: FOX Business Network
Forbes has released its 36th annual Forbes 400 list ranking the richest Americans, and U.S. President Donald Trump has moved down to number 248 after his wealth decreased by $600 million to $3.1 billion from 2016. Last year, Trump was ranked No. 156. Continue Reading Below Forbes attributed Trump’s loss to a “weakening New York City real estate market, as well as new information.” According to a November 2016 feature in Forbes, a costly lawsuit and an expensive presidential campaign also contributed to his drop in wealth. According to Federal Election Commission filings, Trump spent $66 million of his own money on his presidential campaign. By order of a federal judge, he also spent $25 million reimbursing 6,000 Trump University real estate seminar students who called the courses “worthless.” Trump tied with the youngest Forbes 400 member: 27-year-old Snap Inc. ( SNAP ) co-founder and CEO Evan Spiegel. More from FOX Business Also to note, it was
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News
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- Snap Inc. (NYSE: SNAP) had its "neutral" rating re-affirmed by analysts at Roth Mkm. They now have a $14.00 price target on the stock.MarketBeat
- FIFTH WALL NAMES JEREMY FOX & G.M. NICHOLAS VIK CO-PRESIDENTS [Yahoo! Finance]Yahoo! Finance
- Bump Raises $3M in Seed Funding to Help Creators Maximize Their Wealth-Creating OpportunitiesPR Web
SNAP
Earnings
- 2/6/24 - Beat
SNAP
Sec Filings
- 4/18/24 - Form 4
- 4/18/24 - Form 10-Q
- 4/18/24 - Form 8-K
- SNAP's page on the SEC website