M'sians in Forbes' latest annual ranking of billionaires

The change in the total of billionaires saw a spike of 233 since last year, the largest increase in 31 years, according to Forbes.

The Microsoft co-founder met with the president to "discuss the tremendous progress made to-date in these areas and the critical and indispensable role that the United States has played in achieving these gains", Sarah Logan, a spokeswoman for the Bill and Melinda Gates Foundation, said in a statement.

This year saw 15 new self-made women join the list, 14 from Asia pacific and one woman, Thai Lee, who was born in Thailand, but moved to the USA as a child.

The list includes only four women billionaires from India, led by Savitri Jindal and her family at the 303rd position with a net worth of $5.2 billion.

This puts him 200 places below his rank in 2016, with an estimated wealth of $3.5bn compared to $3.7bn of last year and $4.5bn the year before.

That's despite the fact that Trump had claimed during his election campaign that he was worth "in excess of $10 billion". While we as a nation continue to try and dig into how many conflict of interests deals our President has going on, we at least know that his business empire took a bit of a loss previous year.

Trump slipped 220 spots on the list to 544 with an estimated $3.5 billion (roughly Rs. 22,889 crores), a decline of $1 billion from past year.

Their combined net worth rose by 18 per cent to $7.67 trillion- also representing a new record. Amazon founder Jeff Bezos ($72.8B), European businessman Amancia Ortega ($71.3B), and Facebook founder Mark Zuckerberg ($56B) round out the top five.

See the complete 2017 Forbes Billionaires List here.

The world's richest woman is Liliane Bettencourt.

The richest woman, makeup magnate Liliane Bettencourt, ranked 14th with a worth of almost $40 billion. It was followed by 319 in China, 114 in Germany and 101 in India.

Asia-Pacific boasts the most number of billionaires at 720, followed by the USA with 565 and Europe with 530. "Since Trump owns so many buildings in such a small area - including Trump Tower, Trump International Hotel and Tower, NikeTown and 1290 Avenue of the Americas -the softening of the market has impacted his net worth more than anything else over the previous year".

  • Zachary Reyes