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Trump drops 220 spots on the Forbes Billionaires List

President Donald Trump is the nation's first billionaire president -- but he's not as rich as he used to be, according to the Forbes 2017 Billionaires List published Monday.

The magazine put his net worth at $3.5 billion, down $1 billion from the rankings it issued a year ago.

As a result, his position on the Forbes' ranking dropped 220 spots, leaving him tied with 19 others as the 544th richest person in the world.

Forbes said that much of the decline in Trump's net worth is d

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