Donald Trump drops from the Forbes 400 list of richest Americans. Here's what changed.

Former President Donald Trump is no longer rich enough to be included in the Forbes 400, an annual ranking of America's wealthiest individuals, Forbes magazine said on Tuesday. 

Trump is still a billionaire, with Forbes estimating his net worth at $2.6 billion. But that's down from the magazine's estimate a year earlier that the real estate tycoon was valued at $3.2 billion, which earned him a place on the 2022 rich list. 

Trump's estimated net worth of $2.6 billion is $300 million short of the baseline to make the Forbes 400 list. The richest person in America is Tesla CEO Elon Musk, with a net worth of $251 billion, according to the ranking.