The president’s net worth plummeted by more than $600 million in the past year, according to the Forbes 400 List of the wealthiest people in America.

And the magazine reported Wednesday that a big reason Trump’s real estate holdings had slumped was because retail values were struggling in response to Amazon’s gains.

Forbes said the president is worth $3.1 billion, down from $3.7 billion a year ago — a loss that dropped him from 156th on the list to 248th.