Skip to main content
Open this photo in gallery:

President Donald Trump listens to a reporter's question during a news conference at the White House on Sept. 7, 2020.The Associated Press

Amazon.com Inc. chief executive Jeff Bezos topped Forbes’s 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 US$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, CEO of Zoom Video Communications Inc., which has become ubiquitous in the work-from-home era, was one of 18 newcomers on the list with a net worth of US$11-billion.

Mr. Trump’s ranking dropped to No. 352 from 275 last year as his net worth fell to US$2.5-billion from US$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.

Mr. Trump has long refused to release his tax records, and has been locked in a battle with Manhattan District Attorney Cyrus Vance, who subpoenaed Mr. 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 Reuters TV.

“As a society, we all should know who is behind the biggest companies and what they’re doing with their money,” she said.

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.

Report an editorial error

Report a technical issue

Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 16/04/24 2:18pm EDT.

SymbolName% changeLast
AMZN-Q
Amazon.com Inc
+0.15%183.89
ZM-Q
Zoom Video Communications Cl A
-0.93%59.68

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe