(FILES) This file photo taken on February 18, 2017 shows Microsoft founder Bill Gates  during the second day of the 53rd Munich Security Conference (MSC) at the Bayerischer Hof hotel in Munich, southern Germany. Microsoft co-founder Bill Gates once again topped the Forbes magazine list of the world's richest billionaires, while US President Donald Trump slipped more than 200 spots, the magazine said March 20, 2017. Gates, whose wealth is estimated at $86 billion, led the list for the fourth straight year.  / AFP PHOTO / Christof STACHE
(FILES) This file photograph taken on February 18, 2017 reveals Microsoft founder Bill Gates through the second day of the 53rd Munich Security Conference (MSC) on the Bayerischer Hof resort in Munich, southern Germany.
Microsoft co-founder Bill Gates as soon as again topped the Forbes journal checklist of the world’s richest billionaires, whereas US President Donald Trump slipped greater than 200 spots, the journal stated March 20, 2017. Gates, whose wealth is estimated at $86 billion, led the checklist for the fourth straight yr./ AFP PHOTO / 

by John BIERS
Agence France Presse

NEW YORK, United States (AFP) — Microsoft co-founder Bill Gates as soon as again topped the Forbes journal checklist of the world’s greater than 2,000 billionaires, whereas US President Donald Trump slipped greater than 200 spots, the journal stated Monday.

Gates, whose wealth is estimated at $86 billion, led the checklist for the fourth straight yr, and has been ranked because the richest particular person on the earth for 18 of the previous 23 years.

Among the highest 10 billionaires, a bunch closely dominated by Americans, many from the expertise sector, Gates was adopted by Berkshire Hathaway chief Warren Buffett, with wealth was estimated at $75.6 billion, a $14.eight billion bounce from the 2016 checklist, regardless of his pledge to present away 99 p.c of his wealth.

Others within the prime 10 included Amazon founder Jeff Bezos who moved as much as quantity three with the most important acquire of any particular person on the planet, a $27.6 billion enhance to his fortune of $72.eight billion. Facebook creator Mark Zuckerberg was quantity 5 and Oracle co-founder Larry Ellison was quantity seven.

There are 183 tech billionaires in all with a mixed $1 trillion in wealth, Forbes stated.

The international inhabitants of billionaires jumped 13 p.c from final yr to a document 2,043, the most important annual enhance within the 31 years because the journal started compiling the checklist, Forbes stated.

The US had probably the most billionaires with 565, a product of the swelling worth of the American inventory market since Trump’s November 2016 election.

China was second with 319 billionaires, and Germany was third with 114.

Partial Trump stoop

Trump slipped 220 spots on the checklist to 544 with an estimated $three.5 billion, a decline of $1 billion from final yr. Forbes attributed Trump’s drop to sluggishness within the midtown Manhattan actual property market which is accountable for a disproportionate quantity of his wealth.

“Forty percent of Donald Trump’s fortune is tied up in Trump Tower and eight buildings within one mile of it,” Forbes stated. “Lately, the neighborhood has been struggling (relatively speaking).”

Forbes additionally stated Trump’s wealth was hit by $66 million in political spending on his profitable presidential marketing campaign, in addition to $25 million to settle litigation he allegedly ripped off college students at Trump University.

The US president additionally would have missed the large inventory market rally following his election, “assuming Trump sold off all of his stocks during last year’s campaign, as he has claimed,” the journal stated.

But not all the developments had been destructive for Trump.

The journal estimated the value of the Mar-a-Lago resort in Florida rose $25 million attributable to post-election publicity. Trump additionally obtained a lift from a rise in land values in decrease Manhattan the place he holds the 40 Wall Street tower.

More self-made girls

Rounding out the Forbes prime 10, Amancio Ortega of Spanish attire chain Zara was fourth; Mexican telecom tycoon Carlos Slim was sixth; the Koch brothers, US conservative political activists Charles and David, had been eighth and ninth; and former New York City mayor and Bloomberg News founder Michael Bloomberg was 10th.

The highest rating lady on the checklist was L’Oreal cosmetics shareholder Liliane Bettencourt, who was 14th with $39.5 billion. The solely different lady within the prime 20 was Alice Walton, solely daughter of Wal-Mart Stores founder Sam Walton.

Overall, there have been 227 girls billionaires, nearly all of whom inherited their wealth. But the checklist additionally contained 15 new “self-made” girls, largely from Asian international locations, together with Vietnam’s Nguyen Thi Phuong Thao of finances airline VietJet air.

Among different luminaries on the checklist, Alibaba founder Jack Ma was 23rd with $28.three billion; activist investor and Trump deregulation adviser Carl Icahn was 55th with $16.6 billion; clothier Giorgio Armani was tied for 215th with $6.6 billion; Hollywood director Steven Spielberg was tied for 501st with $three.7 billion; and leisure big Oprah Winfrey was tied for 660th with $three billion.

© Agence France-Presse

Source: eaglenewsph

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