Forbes' Billionaires List: Amazon CEO Bezos Is Biggest Gainer, Cracks Top 3

21 March, 2017, 09:11 | Author: Valerie Burke

His net worth was listed at $47.5 billion.

Forbes said that much of the decline in Trump's net worth is due to softness in the midtown Manhattan real estate market.

The CEO of an IN company is ranked as one of the richest people IN the world, according to a Forbes ranking of billionaires released Monday.

For the fourth consecutive year, Microsoft co-founder and philanthropist Bill Gates topped this year's rich with an estimated fortune of around $86bn.

"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.

President Trump slipped 220 spots on the list to number 544 with an estimated worth of $3.5 billion.

Amazon CEO Jeff Bezos is the biggest dollar gainer on Forbes' 2017 World's Billionaires List, in a year when 56 percent of billionaires saw their fortunes increase. For 2017, Michael Bloomberg ranked number 10 and the Koch brothers both shared the eighth spot.

Jeremy Jacobs, Sr., the owner of the Boston Bruins, was 402nd on the list with a fortune of $4.3 billion. He has a fortune of $86 billion, up from $75 billion previous year, while Warren Buffett ranks No. 2 with $75.6 billion.

Second on the list is USA investor Warren Buffett, whose fortune increased by $14.8 billion over a year ago to $75.6 billion. This year Forbes ranked a record 2,043 billionaires.

It said that the number of billionaires lifted by 13% to 2,043, the first time it has unearthed more than 2,000 super wealthy in the list's 31-year history.

Forbes said the £1bn fall in his wealth was due to the slow United States property market.

While Gates didn't endorse a candidate in the 2016 presidential election, he did call Trump "very sophisticated" in an interview past year after the election, likening him to President John Kennedy.

Mark Zuckerberg: Facebook's co-founder, CEO and chairman holds a current net worth of $58.6 billion.

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