Bezos Tops Forbes Richest List, Pandemic Knocks Trump Lower

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Jeff Bezos, chief executive officer of Amazon.com and founder of Blue Origin. at the unveiling of the Blue Origin New Shepard system during the Space Symposium in Colorado Springs, Colorado, on April 5, 2017. MUST CREDIT: Bloomberg photo by Matthew Staver.

Amazon Chief Executive Jeff Bezos topped Forbes’ list of richest Americans for the third year in a row, while U.S. President Donald Trump’s ranking dropped as the coronavirus pandemic slammed his office buildings, hotels and resorts, the magazine said Tuesday.

The aggregate wealth of the Forbes 400 list rose to a record $3.2 trillion, as the richest Americans continued to do well even though the pandemic has devastated the economy and caused more than 1.8 million Americans to lose their jobs.

Eric Yuan, chief executive officer of Zoom Video Communications, which has become ubiquitous in the work-from-home era, was one of 18 newcomers on the list with a net worth of $11 billion.

Trump’s ranking dropped to No. 352 from 275 last year as his net worth fell to $2.5 billion from $3.1 billion, as office buildings, hotels and resorts, have suffered during the pandemic. His business, the Trump Organization, owns property in all three categories.

Read more at NEWSMAX.

{Matzav.com}

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