Again Illinois' richest person, Ken Griffin increases fortune by $1 billion

17 October, 2017, 19:25 | Author: Leticia Walters
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Trump fared better in Forbes' ranking than he did on Bloomberg's worldwide billionaires list, which puts his net worth at $2.86 billion. Rounding out the top 5 is Larry Ellison (No. 5), worth $59 billion, up $9.7 billion from previous year. Trump reached a $25 million settlement in a suit that claims that his Trump University real estate seminars defrauded students.

Forbes features Trump on the cover of its special "400 riches people in America" issue. Amazon's Jeff Bezos, who also owns The Washington Post, took the second spot for the second year, with a fortune of $81.5 billion. The other billionaires that constitute the top five in this list include Berkshire Hathaway's Warren Buffett ($78 billion), Facebook founder Mark Zuckerberg ($71 billion) and Oracle's Larry Ellison ($59 billion).

This year's Forbes 400 broke records, with the combined net worth of billionaires on the list totaling $2.7 trillion, up from $2.4 trillion in 2016.

Shah's net worth is estimated at $3.6 billion, placing him 206th overall.

But overall the richest Americans are richer than they were a year ago. The minimum net worth required to be among the richest in the country increased to $2 billion, up from $1.7 billion.

Trump's, whose wealth has been tracked by Forbes since 1982, shares his spot on the list with the 27-year-old Evan Spiegel, co-founder and CEO of the parent of Snapchat, and the youngest person included.

Several people with ties to MI are on Forbes' list of the most wealthiest people in America.

The Trump Organisation did not respond to a request for comment by time of publication.

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