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Filipino tycoons included in Forbes' list of world's richest

21 March 2017, 01:41 | Austin Hogan

Filipino tycoons included in Forbes' list of world's richest

Filipino tycoons included in Forbes' list of world's richest

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

The number of people with ten-figure fortunes now stands at 2,043, which is 233 more than past year.

Now worth an estimated US$3.5 billion, according to Forbes, Trump lost a significant amount of wealth due to contractions in the New York City real estate market. The same billionaires from last year's list have secured the top 10 places, with a few shuffling in order.

Amazon's Jeff Bezos had the best year of any person on the planet, adding USD27.6 billion to his fortune; now worth USD72.8 billion, he moved into the top three in the world for the first time, up from number five a year ago.

Fast-fashion magnate Amancio Ortega, who owns the Zara chain, is No. 4 with a net worth of $71.3 billion, while Facebook founder Mark Zuckerberg rounds out the top five with a net worth of $56 billion.

But none cracks the top 50 in Forbes' 31st billionaires list: 2,043 people with an average net worth of $3.75 billion.

There are 2,043 billionaires in the world, led by the United States with 565, followed by China with 319 billionaires, and Germany with 114. Activist investor Warren Buffett came in second place with US$75.6 billion.

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Ten Indians have also made it to the list of Forbes' 500 richest people in the world.

In his presidential campaign, Trump acclaimed that he was worth 8.7 billion dollars, then "in excess" of 10 billion dollars in a personal financial disclosure form.

Bill Gates has claimed this title 18 out of the past 23 years with a current fortune of $86bn. The richest female billionaire with a tech fortune is Laurene Powell Jobs, wife of the late Apple founder Steve Jobs.

Goodnight ranks No. 137 on the new list.

The highest ranking woman on the list was L'Oreal cosmetics shareholder Liliane Bettencourt, who was 14th with US$39.5 billion.

Trump saw his net worth fall from $4.5 billion a year ago to $3.5 billion Monday, the day the newest ranking was published.

According to the list published on Monday, his current position leaves him tied with 19 others as the 544th richest person in the world, CNN reported.



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