March 23, 2017

Bill Gates again world's richest man; Trump slips

21 March 2017, 12:30 | Darnell Patrick

Jeff Bezos net worth rose more than any other billionaire on Forbes 2017 Billionaires List

Jeff Bezos net worth rose more than any other billionaire on Forbes 2017 Billionaires List

The number of people with ten-figure fortunes now stands at 2,043, which is 233 more than previous year. Bill Gates has topped the Forbes list for 18 out of the past 23 years.

Forbes said's Jeff Bezos had the biggest monetary increase on the list, with his fortune surging by $27.6 billion to $72.8 billion.

Read the full story on GeekWire.

"We do not give any credit for "brand value" to Trump or Oprah or any other person on our list", Forbes editor Randall Lane told the Washington Post.

The change in the total of billionaires saw a spike of 233 since last year, the largest increase in 31 years, according to Forbes. He dropped 220 spots for losing about $1 billion of his 2016 net worth ($4.5B), though.

The "Oracle of Omaha", Warren Buffett, reclaimed the second spot on the list, after a two-year hiatus, as his net worth rose to $75.6 billion, up from $60.8 billion in 2016.

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"Forty percent of Donald Trump's fortune is tied up in Trump Tower and eight buildings within one mile of it", Forbes said.

Forbes notes that Trump is the first billionaire president in US history and said " the business that made him rich remains intact". In an even bigger eye sore for the thin-skinned commander-in-chief, Forbes says The Donald is only the 544 richest person on the planet. A year ago the Amazon founder was ranked fifth.

The richest woman, makeup magnate Liliane Bettencourt, ranked 14th with a worth of almost $40 billion.

Gates, whose wealth is estimated at US$86bil (RM380.4bil), led the list for the fourth straight year.

As for United States president Donald Trump, he still made it into the world's billionaire's ranks with a net worth of US$3.5 billion, down by about US$1 billion compared to the past year. "Lately, the neighbourhood has been struggling". According to Forbes' report, there are more billionaires worldwide this year than there was last year.

The highest ranking woman on the list was L'Oreal cosmetics shareholder Liliane Bettencourt, who was 14th with $39.5 billion (roughly Rs. 2,58,318 crores).

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