Bill Gates Tops World Rich List Again While Trump Falls 220 Spots

21 March, 2017, 13:45 | Author: Leticia Walters
  • Bill Gates

Bill Gates remains on top of the elite list with a fortune worth USD86 billion.

Hart - a tow-truck driver turned investor - is worth US$9.5 ($NZ13.5b), and climbed the ranks from being the world's 178th richest person a year ago.

The total combined net worth of this year's billionaires was US$7.67 trillion (as of Feb 17), up 18.4% from US$6.48 trillion last year.

This annual increase is at an all-time high in the 31-year history of the list, Forbes said.

The creative engine behind the Windows operating system is the richest person in the world for the fourth consecutive year, and Gates has occupied the top spot 18 times since 1994. He's joined by Warren Buffett, Jeff Bezos, Amancio Ortega and Mark Zuckerberg in the top five.

Trump's dwindling net worth is going the other direction from many other billionaires during the past 12 months, who collectively saw their ranks swell to 2,043 worldwide with the addition of 233 newly minted billionaires, according to Forbes.

"Midtown Manhattan real estate is down; therefore, so is Donald Trump's fortune", the magazine said in a statement.

The US had the most billionaires with 565, while China was second with 319, and Germany was in the third spot with 114.

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

Tech billionaire Bill Gates met with President Donald Trump to discuss progress in programs for global health and development as well as domestic education. "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", Forbes said. "Gainers since last year's list outnumbered losers by more than three to one".

Goodnight ranks No. 137 on the new list.

U.S. president, Donald Trump dropped down the list 200 spots to 544th as his fortune nosedived to $3.5bn from $3.7bn the previous year.

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.

Recommended:

  • Hardline priest sworn in as head of India's Uttar Pradesh state

    Hardline priest sworn in as head of India's Uttar Pradesh state

    The BJP swept to power in the Uttar Pradesh assembly election, decimating the opposition and winning 312 of the 403 seats. The BJP-led government yesterday won the floor test in Manipur Assembly with a voice vote.
    Theresa May Speaks Out About Her First Meeting with President Trump

    Theresa May Speaks Out About Her First Meeting with President Trump

    On whether she confronted Trump about the comments, she recalled: "Well, I don't". "I think what's important is for people to feel that I'm delivering for them".
    Vietnam seeks South Korean support in South China Sea

    Vietnam seeks South Korean support in South China Sea

    Chinese authorities have also closed almost two dozen retail stores of South Korea's Lotte Group, citing safety concerns. The first step would be to formally "request consultations" with China.
  • Wizards, Celtics set to renew feisty rivalry

    Wizards, Celtics set to renew feisty rivalry

    This is most certainly going to be a game that the Wizards want to get up for, so we'll see if that leads to a more complete game. A Rookie of the Year award for Dario Saric would be another concrete example that points to a bright future for the Sixers.
    Gionee A1 with 16MP Selfie Camera Announced in India

    Gionee A1 with 16MP Selfie Camera Announced in India

    Being the first ever A series smartphone, the key focus of the Gionee A1 is its front - selfie - camera and long battery life. The Gionee A1 has been officially announced for the Indian markets today, however, the price of the phone is not unveiled.
    Germany's Factory Orders Fall Most Since 2009

    Germany's Factory Orders Fall Most Since 2009

    Industrial orders from the 19-member eurozone contracted faster then those from nations outside the single currency area. Domestic orders logged a double-digit fall of 10.5 percent and foreign orders decreased 4.9 percent in January.
  • 1 to done: Duke looks to who stays, who leaves

    1 to done: Duke looks to who stays, who leaves

    What channel is the Baylor-South Carolina on? Brunner had the highest-scoring game of her NCAA Tournament career with 20 points. Welcome to the lone topsy-turvy bracket after losses by No. 1 overall seed Villanova and No. 2 seed Duke.
    This emerging country ranks very, very low on the global happiness index

    This emerging country ranks very, very low on the global happiness index

    Central African Republic fell to last on the happiness list and is joined at the bottom by Burundi, Tanzania, Syria and Rwanda. Pakistan also ranks ahead of several countries that are much more technologically advanced, including Greece and South Africa.
    United Kingdom  inflation breaches BoE target as it hits 2.3%

    United Kingdom inflation breaches BoE target as it hits 2.3%

    The jump in the consumer prices index takes inflation above the Bank of England's 2% target and is above the 2.1% reading investors had been expecting.
  • Mr Bean returns in new film - but it's only released in China

    Mr Bean returns in new film - but it's only released in China

    The entertainment icon was a victim of a similar death hoax past year when claims he had committed suicide swept the web. Mr Bean is a standout amongst the most adored, clumsy, senseless, amusing characters in all of TV and silver screen.
    CPS on track to pay out social grants on April 1

    CPS on track to pay out social grants on April 1

    Cash Paymaster Service (CPS), performing as an organ of the state, will continue to pay social grants for the next 12 months.
    Duterte meets Myanmar's leaders in Nay Pyi Taw

    Duterte meets Myanmar's leaders in Nay Pyi Taw

    Duterte has also been condemned for the several thousand deaths caused by the surge of extrajudicial killings in his war on drugs. Duterte sought and received the support of Myanmar's president and state counselor for the Philippines' chairmanship.


Popular

Trump Can't Win by Punishing Germany on Defense
Washington overall contributes almost 70 percent of the alliance's defense spending. The instruction was non-binding, and some members - including Germany - ignored it.

'Rahul Gandhi is Bhasmasura, will reduce allies to ashes'
Rahul Gandhi had talked of structural and organisational changes after the result of assembly polls to five states. However, it is yet to be clarified whether the USA based record book will entertain such type of request or not.

Premier of China's visit to Australia
Li, the first premier to visit Australia in 11 years, will arrive on Wednesday for five days before traveling to New Zealand. Australia is also a staunch U.S. ally, despite discord between Canberra and the new administration of U.S.

The Forbes billionaires list features a number of wealthy locals
Forbes said that much of the decline in Trump's net worth is due to softness in the midtown Manhattan real estate market. Following Sy in the list is JG Summit founder, John Gokongwei Jr. whose ranking went up to 250 from last year's 270.

Flight Attendant Re-Creates Britney Spears' 'Toxic' on Empty Plane, Completely Nails It
The video has gone viral on Twitter , but Nasir may now be experiencing some unexpected turbulence. Mr Nasir, from Kuala Lumpur , was filmed by fellow flight attendant Farhan Rzman this weekend.