Microsoft Co-Founder Bill Gates Tops World's Richest List Again
- Author: Zachary Reyes Mar 21, 2017,
Mar 21, 2017, 7:49
While Gates' pal Warren Buffett took over the No. 2 spot at $75.6 billion, it was Amazon founder and CEO Jeff Bezos who had the best year of anyone.
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.
It was a record year for the wealthy with a large jump in the number of billionaires on the planet.
The 31st annual billionaires list notes 233 more billionaires (13 percent) than were included on the 2016 roundup. The total net worth of the billionaires on the list is $7.67 trillion, Forbes reported.
Meanwhile, property mogul turned president Donald Trump took a dive in the ranking, slipping 220 spots to number 544 with an estimated $3.5 billion-$1 billion down from past year.
It was followed by 319 in China, 114 in Germany and 101 in India.
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.
"Midtown Manhattan real estate is down; therefore, so is Donald Trump's fortune", the business magazine said in a statement. "Profits are down at Trump Tower, and the overall neighborhood surrounding has been struggling over the a year ago".
Trump claimed he was worth "in excess" of $10 billion in a Personal Financial Disclosure filed during his presidential campaign last May. Fortune and Bloomberg have previously offered their own lower estimates.
Rounding out the Forbes top 10, Amancio Ortega of Spanish apparel chain Zara was fourth; Mexican telecom tycoon Carlos Slim was sixth; the Koch brothers, U.S. conservative political activists Charles and David, were eighth and ninth; and former New York City mayor and Bloomberg News founder Michael Bloomberg was 10th.
Microsoft co-founder Bill Gates ranks at No.1 on Forbes' richest billionaires.
Politically Donald Trump may be at the height of his career, but his personal fortune has taken a battering over the previous year. But the list also contained 15 new "self-made" women, mostly from Asian countries, including Vietnam's Nguyen Thi Phuong Thao of budget airline VietJet air.