Every year Forbes releases a list of powerful leaders and some or the other businessmen or leading personality make their way to the list. Recently, Amazon Chief Executive Jeff Bezos topped Forbes' list of richest Americans for the third year in a row, while US President Donald Trump's ranking dropped as the coronavirus pandemic slammed his office buildings, hotels and resorts, the magazine said on 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 destroyed the economy, which is short about 11 million jobs opposed to where it was in February.
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Eric Yuan, chief executive officer of Zoom Video Communications, which has become universal in the work-from-home era, was one of 18 newcomers on the list with a net worth of $11 billion. Trump's ranking dwindled to No. 352 from 275 last year and 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.
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Trump has long refused to release his tax records and has been locked in a battle with Manhattan District Attorney Cyrus Vance, who cited Trump for eight years of personal and corporate returns. 'The annual list can serve as a way to track the wealthiest people in the country who hold the most power,' said Kerry Dolan, assistant managing editor of wealth at Forbes, in an interview with a leading daily. She further added, "As a society, we all should know who is behind the biggest companies and what they're doing with their money."
