Trump loses $1bn, now 544th on Forbes billionaires list

Trump loses $1bn, now 544th on Forbes billionaires list

Trump loses $1bn, now 544th on Forbes billionaires list

Simon, 82, the co-founder of Simon Property Group, has a net worth estimated at $2.8 billion, the same as past year, Forbes said.

Gates, whose wealth is estimated at $86 billion, led the list for the fourth straight year.

Property developer Harry Triguboff was Australia's second highest ranked billionaire at number 153 with a net worth of $11 billion. His wealth jumped to $72.8 billion, a gain of $27.6 billion from a year ago, Forbes said.

The change in the total number of billionaires - up 233 since last year - was the biggest increase in 31 years.

Bill Gates, the richest man on the planet, doesn't agree with President Donald Trump's plan to cut aid for the world's poorest.

Amancio Ortega: Ortega co-founded the hugely successful high street Spanish retail chain Zara, and now boasts a net worth of $74 billion.

Last year, Trump ranked at No. 324 with $4.5 billion.

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Others in the top 10 included Amazon founder Jeff Bezos at No.3, Facebook creator Mark Zuckerberg at No.5 and Oracle co-founder Larry Ellison at No.7.

The developer-turned-politician, who ranked No. 336 past year, fell further behind to Bill Gates, the list's perennial leader.

The magazine said Ms Rinehart was the female billionaire who had the "best year" but noted that with Ms Rinehart's wealth built on iron one, "her fortune can either jump or plummet depending on the price of the commodity".

The founder of the Australian software firm Atlassian debuted as the youngest on the Billionaires List.

Notable newbies include Patagonia sportswear founder Yvon Chouinard; Viking Cruises founder Torstein Hagen of Norway; US hedge fund tycoon Cliff Asness and two of his partners; and John and Patrick Collison, Irish citizens who cofounded San Francisco-based Stripe, which enables online payments.

As an example, he cited a USA program started under President George W. Bush that has provided more than $70 billion in funding to, among other initiatives, treat more than 11 million people living with HIV and AIDS. But the list also contained 15 new "self-made" women, mostly from Asian countries, including Vietnam's Nguyen Thi Phuong Thao of budget airline VietJet air.

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