Trump drops 220 spots on Forbes list of billionaires

21 March, 2017, 00:25 | Author: Alicia Barber
  • Jeff Bezos net worth rose more than any other billionaire on Forbes 2017 Billionaires List

Investor Warren Buffett was in second place with a fortune of $75.6bn, a $14,8bn jump on a year ago.

Other notable newcomers to the list include: Australian Manny Stul, whose toy company created the popular Shopkins collectibles; American Yvon Chouinard, the founder of outdoor gear maker Patagonia; and Juan Francisco Beckmann Vidal of Mexico, who is chairman of tequila maker Jose Cuervo.

Khan, 66, ranked No. 158 on the magazine's 2017 billionaires list.

Mr Gates' fortune was estimated at $75bn previous year.

In Connecticut, Ray Dalio, the founder, chairman and chief investment officer of Westport hedge fund Bridgewater Associates, is worth the most, with a net worth of $16.8 billion.

Gates' $86 billion in wealth tops 2,043 other billionaires - a number that jumped 13 percent from 1,810 past year.

But not all of the trends were negative for Trump. Peterffy is worth $13.8 billion, coming in at No. 82 on the Forbes' list.

Facebook founder Mark Zuckerberg moved up to number five for the first time, after his fortune rose $11.4 billion in 12 months.

Little Mix deny they are splitting up
Little Mix fans who were losing sleep over the supposed feud between Jesy Nelson and Perrie Edwards can rest easy tonight. The snap, shared with Jesy's 2.6 million Instagram fans sees her sat on top of her new beau's lap.

Richard Chandler is worth US$1.91b - down from US$2.45b in 2016.

The decline in Trump's net worth is due to a drop in the value of office space in Midtown Manhattan, according to the Guardian.

How long until Donald Trump, 70, blasts Forbes' Billionaires list as "fake"?

Neither the White House nor the Trump Organization, which Mr. Trump's sons have run since their father's inauguration, immediately responded to a request for comment on the Forbes list.

With a current market cap of $390 billion, the Seattle-based retail giant is now worth more than the top eight traditional brick-and-mortar retailers combined, as Credit Suisse analysts led by Eugene Klerk mentioned in a recent note, Yahoo Finance reported.

Notable newcomers included Vietnam's first self-made woman billionaire, Nguyen Thi Phuong Thao, who took her budget airline, VietJet Air, public in February 2017. Bill Gates has topped the Forbes list for 18 out of the past 23 years.

Indiana's richest man got much wealthier over the past year, according to calculations released Monday by Forbes magazine.

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