Donald Trump’s polls numbers are dropping, and so is his place on Forbes’ Annual Billionaire List.

That’s right, President Trump went from the 324th richest person in the world to the 544th.

Quite a fall in the numbers… but still not too bad overall.

Forbes cites his decline on the list as the result of a slip in the value of the Midtown Manhattan real estate market… which is responsible for a disproportionate amount of his wealth.

Trump’s estimated worth is around 3.5 billion dollars, but he went on record during the campaign trail to say that it was around 10 billion. When Forbes estimated his fortune at 4.5 billion in 2015, Trump complained that he’s running for President and he worth much more than they had him down for.

Forbes also wrote that no other mogul featured on their annual rich list has been more fixated with his or her net worth estimate on a year-in, year-out basis than Donald J. Trump.