Trump’s wealth shrinks by $400m

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U.S President Donald Trump’s fortune had fallen for the second year running in annual ranking of the world’s wealthiest people.

Forbes said that Trump’s net worth had fallen by $400m (£287m) to $3.1bn over the past year.

The magazine attributed Trump’s decline in wealth to “a tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign”.

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