Bill Gates again tops Forbes rich list; Trump slips 220 spots

Amazon founder Jeff Bezos ranks third on Forbes' richest billionaires list.

According to the United States publication's latest global rich list, Gates grew his wealth by US$11 billion during 2016 to US$86 billion, ranking as the richest person in the world for 18 of the past 23 years. Bezos added $27.6 billion to his fortune to reach $72.8 billion and move into the top three for the first time.

Alhough famed Silicon Valley executives Mark Zuckerberg and Larry Ellison are in the top 10 with $56 billion and $52.2 billion, respectively, the technology industry did not dominate the front end of the list.

The list includes 2,043 people, a 13 percent increase from past year and the highest total ever recorded. That would be Bill Gates, who is worth $86 billion.

The 31st annual list, released by Forbes on Monday, has a record 2,043 billionaires.

Due to his taking a civil service job that pays about $500,000 per year - and distancing himself from his corporate empire - U.S. President Donald Trump remained on the list and became the first sitting president to appear on it.

While Trump's fortune is estimated to be down, Forbes said the average billionaire's fortune has grown by 16 per cent since the publication of the last edition of the rich list.

Longtime investor and philanthropist Warren Buffett, the "Oracle of Omaha", was listed at No. 2 with a fortune of almost $77 billion. The combined fortunes of this year's billionaires totaled to $7.67 trillion, up from $6.48 trillion in 2016. The one exception is Mexican billionaire Carlos Slim, who ranks sixth on the list.

Others are, Yoshiko Shinohara of Japan, who began a staffing firm to help women get into the workforce, Manny Stul of Australia, whose toy company created the Shopkins collectibles, American Yvon Chouinard, the founder of Patagonia, and Juan Francisco Vidal of Mexico, who's the chairman of tequila giant Jose Cuervo.

  • Zachary Reyes