Donald Trump Is Not on 'Forbes' ' 400 Richest Americans List for the First Time in 25 Years

President Donald Trump.Photo: D Dipasupil/Getty Images

For the first time in 25 years,Donald Trump’s name does not appear amongForbes’annual listof the 400 richest Americans.

The magazine reports that the real estate magnate’s net worth — an estimated $2.5 billion — leaves him $400 million short of the cutoff to make this year’s list.

WhileForbessays that the former president’s net worth remains roughly the same as it was when he stood at No. 339 on last year’s ranking, he is “down $600 million since the start of thepandemic.”

Trump’s ranking had been steadily decreasing in the five years since he won the presidency, according toForbes.

A representative for him did not immediately respond to PEOPLE’s request for comment regarding the list.

Eric Trump— former President Trump’s second-oldest son, who took over operations for the Trump Organization alongside older brotherDonald Trump Jr.— shot back at Bloomberg in a statement to PEOPLE at the time.

“Bloomberg’s valuation is a joke,” Eric, 37, said. “We have the best assets in the world, have extremely low debt relative to our holdings and have [an] incredible strong cash flow.”

The Manhattan District Attorney’s office is currently probing whether the Trump Organization misled lenders and insurance companies about the value of its properties and if it paid the appropriate amount in taxes.

In May, New York Attorney General Letitia James announced thather office had joinedthat criminal investigation into the former president’s company, and would also continue continue to pursue a civil investigation into the Trump Organization.

He has denied wrongdoing.

source: people.com