A record 994 individuals on Forbes' latest World's Billionaires list are worth less this year than last year. Gucci’s lease at Trump Tower expires in seven years, according to a document obtained by Forbes. Patrick Birney, an assistant vice president at the Trump Organization, told Forbes the “debt was satisfied” last year—suggesting Trump paid it off. Trump sold an estimated $35 million of real estate in 2018, according to a Forbes analysis of local property records and federal filings. Trump may be climbing up the ranks on the billionaires list, but he is no longer the richest elected official in America.

Source: Forbes March 05, 2019 13:41 UTC