The president's fortune has dropped by approximately $1 billion since last year (roughly the price of one election), which caused him to sink DEEP in Forbes' latest ranking of the world's billionaires!
Last year, the real estate mogul landed at the No. 324 spot, but now comes in as the world's 544th richest person.
While Trump's actual net worth is unknown due to his notorious refusal to reveal his tax returns, but has claimed it's "in excess" of $10 billion.
The decline in the Big Cheeto's net worth is due, according to Forbes, to a drop in the value of office space in Midtown Manhattan — and we're sure letting his sons Harry and LloydDonald Jr. and Eric run the "show" at Trump Tower isn't helping.
The rest of the list is pretty typical: Bill Gates once again tops the financial titans with a fortune of
Fans are labeling the Put It On Me singer's Fyre Festival a total hoax as the "luxurious" getaway in the Bahamas is not living up to expectations. Reports of chaos at the fest began trickling in on Thursday, when ticket-holders arrived at (what appeared to be) an unfinished campsite. Apparently, the upscale "cabanas" promised to the attendees were actually just disaster relief tents.