Following a tough year for his social media and real estate holdings, Donald Trump is no longer a member of the Forbes 400.

In a moment, we'll talk with Dan Alexander about the former president's falling network and what it could mean for his

2024 ambitions.

Hi everybody I'm Britain Lewis with Forbes breaking news.

Joining me now is my colleague, Forbes Senior Editor, Dan, thanks for coming on.

Hey, thank you for having it.

First of all, I want to extend a big congrats, the Forbes 400, the list of the wealthiest Americans has just dropped.

But someone who did not make the list this year is former President Donald Trump.

So first, can you tell us why?

How much did his net worth decrease since last year and what caused the drop?

Yes, we have Donald Trump at 2.6 billion dollars.

Obviously that's a lot of money but not quite enough money to make the Forbes 400.

The cutoff for this year was $2.9 billion.

Last year we had Trump at $3.2 billion.

The biggest reason for that $600 million decline

is what's happened to true social and social media platform.

Basically a year ago, people could still hold out hope that there were going to be hordes of people

joining this thing and that, you know, Trump would therefore become very rich because they get a lot

of advertising dollars. Hasn't happened. You know, people just never really showed up. Right now it looks

like they have about six and a half million accounts. That's about 1% of the

number of accounts that are on Twitter and obviously Twitter itself

is struggling so all of that's been very painful for Trump's sort of nascent

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