President Trump's Net Worth Tumbled Last Year. Here's Why

President Donald Trump's net worth took another substantial hit over the last last year, dropping around $400 million since he took office, according to Forbes.

The 71-year-old president, who became the first billionaire to serve in the Oval Office when he was inaugurated in January 2017, has a net worth of $3.1 billion, according to new estimates from Forbes. Trump dropped more than 200 spots from 544th richest in 2017 to 766th in 2018 on the magazine's annual Billionaires List as a result.