"Trump's Truth Social Stock Plunge Removes Him from Bloomberg Billionaires Index"
Donald Trump has dropped off Bloomberg's list of the world's 500 wealthiest people as the value of his meme stock, TMTG, plummeted, causing his net worth to fall below the required threshold. Trump's wealth surged earlier this year due to his stake in Trump Media & Technology Group, but the stock's 53% decline in two weeks has led to a significant decrease in his net worth. This comes as Trump faces a $454 million judgment in a New York fraud case and a $175 million bond demand while he appeals the decision.