Trump's fortune slides by $600m on Forbes list!

• Microsoft co-founder Bill Gates topped the list for a 24th consecutive year on a net worth of $89 billion.

America's richest may be getting richer but President Donald Trump's fortune has slid by $600 million to $3.1 billion, according to a list of 400 billionaires released by Forbes magazine on Tuesday.

Microsoft co-founder Bill Gates topped the list for a 24th consecutive year on a net worth of $89 billion with Amazon's Jeff Bezos, worth $81.5 billion, number two.

But Trump, the first US president to come solely from the private sector, is ranked 248 - sharing the spot with 27-year-old Snap co-founder and CEO Evan Spiegel, the youngest person on the list.

Forbes attributed Trump's decline to a weakening New York retail and office real estate market, and new information about his assets. The Manhattan tycoon ranked 156 in 2016, the year he was elected to the White House.