World News: 12:37 GMT Monday 20th March 2017. [Forbes via Businesswire via SPi World News]
A record 2,043 billionaires made Forbes’ 31st annual ranking of the world’s billionaires, as featured in the March 28, 2017 issue of Forbes magazine. To view the list, visit www.forbes.com/billionaires.
“Booming stock markets, higher commodities prices and plain old-fashioned entrepreneurship helped make this a record year in terms of wealth creation around the globe,” said Luisa Kroll and Kerry Dolan, Assistant Managing Editors of Wealth at Forbes Media.
Bill Gates remains in the top spot for the fourth year in a row and has been the richest person in the world for 18 out of the past 23 years. Gates has a fortune of $86 billion, up from $75 billion last year. Warren Buffett, worth $75.6 billion, up from $60.8 billion in 2016, reclaimed the No. 2 slot, after a two-year hiatus. The biggest gainer on the 2017 list is Jeff Bezos (No. 3), whose fortune increased by $27.6 billion for a total net worth of $72.8 billion. This is Bezos’ first time in the top three. Spanish clothing retailer Amancio Ortega (best known for the Zara fashion chain) drops to No. 4, despite his net worth increasing to $71.3 billion. Rounding out the top five is Facebook’s Mark Zuckerberg, worth $56 billion.
How Much is President Trump Worth Now?
Forbes also released today a detailed analysis of how much President Trump is currently worth. He ranks No. 544 on the list, worth $3.5 billion. Midtown Manhattan real estate is down; therefore, so is Donald Trump’s fortune. In October 2016, at the time of the release of the 2016 Forbes 400 list of wealthiest Americans, Forbes valued Trump’s net worth at $3.7 billion.
In the feature package “In Trump They Trust,” Forbes provides an exclusive look into the global web of partners who are cashing in on the 45th president. A previously little-known batch of billionaires and multimillionaires from around the world suddenly find themselves in an unprecedented position: How do you cash in on a partnership with the President of the United States?
Key Highlights from Forbes’ 2017 World’s Billionaires list:
The Top 20 billionaires have a combined net worth of $938.4 billion, up from $826.5 billion in 2016.
|ORIGIN OF WEALTH|
|1||Bill Gates||$86||Up||United States||Microsoft|
|2||Warren Buffett||75.6||Up||United States||Berkshire Hathaway|
|3||Jeff Bezos||72.8||Up||United States||Amazon.com|
|5||Mark Zuckerberg||56||Up||United States|
|6||Carlos Slim Helu & family||54.5||Up||Mexico||telecom|
|7||Larry Ellison||52.2||Up||United States||software|
|8||Charles Koch||48.3||Up||United States||diversified|
|8||David Koch||48.3||Up||United States||diversified|
|10||Michael Bloomberg||47.5||Up||United States||Bloomberg LP|
|11||Bernard Arnault & family||41.5||Up||France||LVMH|
|12||Larry Page||40.7||Up||United States|
|13||Sergey Brin||39.8||Up||United States|
|14||Liliane Bettencourt & family||39.5||Up||France||L'Oreal|
|15||S. Robson Walton||34.1||Up||United States||Wal-Mart|
|16||Jim Walton||34||Up||United States||Wal-Mart|
|17||Alice Walton||33.8||Up||United States||Wal-Mart|
|18||Wang Jianlin||31.3||Up||China||real estate|
|19||Li Ka-shing||31.2||Up||Hong Kong||diversified|
|20||Sheldon Adelson||30.4||Up||United States||casinos|
Forbes’ World’s Billionaires list is a snapshot of wealth taken on February 17, 2017, when stock prices and exchange rates were locked in from around the world. The list features individuals rather than multigenerational families who share large fortunes. In some cases, siblings and couples are listed together if the ownership breakdown among them isn’t clear; however, they still must be worth on average a minimum of $1 billion apiece to make the cut.
For the full list, videos and more, visit www.forbes.com/billionaires.
Business Wire: 12:37 GMT Monday 20th March 2017
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