President Trump ranks 12th among the country's richest real estate moguls. Meet the other billionaires in his industry.

What happened: Forbes' 2026 ranking of America's richest real estate moguls places President Donald Trump 12th, with much of his fortune still tied to real estate including golf clubs, resorts, and commercial skyscrapers. Key numbers: Trump net worth $7 billion. Ranking based on Forbes 400 as of September 4. Top: Stephen Ross $21.5 billion, Donald Bren $19.8 billion. Why it matters: The ranking shows Trump trailing other property billionaires despite his portfolio, while Forbes attributes billions of his recent gains largely to crypto rather than real estate.

Forbes' 2026 ranking of America's richest real estate moguls places President Donald Trump 12th, with much of his fortune still tied to real estate including golf clubs, resorts, and commercial skyscrapers.

The ranking shows Trump trailing other property billionaires despite his portfolio, while Forbes attributes billions of his recent gains largely to crypto rather than real estate.