Trump drops 92 spots on Forbes richest list after losing $600 million
Donald Trump greets supporters and tourists at the Trump Tower on July 22, 2015 in New York City

President Donald Trump reportedly lost $600 million last year, causing him to drop 92 spots on the Forbes list of richest people.

CNN reported on Tuesday that Trump dropped to the number 248 spot on the list of the richest 400 Americans after becoming president.

Forbes cited a tough real estate market and the cost of Trump's presidential race for the decline in his net worth.