Bill Gates Keeps Top Spot on Forbes' Billionaires List

Bill Gates Keeps Top Spot on Forbes' Billionaires List

Bill Gates Keeps Top Spot on Forbes' Billionaires List

Forbes attributed Trump's drop to sluggishness in the midtown Manhattan real estate market which is responsible for a disproportionate amount of his wealth.

While campaigning for the Republican presidential nomination in May, Trump's team filed a personal financial disclosure form that said his net worth was more than $10 billion.

"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", Forbes editors Luisa Kroll and Kerry Dolan said.

Trailing Sy is John Gokongwei Jr. founder of JG Summit, whose ranking went up to 250 from last year's 270 along with his net worth estimated at $5.8 billion.

China accounted for the largest number of new entrants on the Forbes list, with 76 mainland billionaires listed for the first time.

Gates, the philanthropic co-founder of Microsoft Corp, was followed this year by Berkshire Hathaway Inc Chairman Warren Buffett at No. 2 and Amazon.com Inc founder Jeff Bezos at No. 3.

The number of women on the list rose to 227 from 202, giving them a collective net worth of $852.8bn.

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Internationally known Forbes Magazine has published its coveted list of billionaires for 2017, and Binod Chaudhary, the lone Nepali to feature on the list has been listed as the 1563rd richest man in the world. Amazon founder Jeff Bezos rose to No. 3 on the list for the first time, thanks to the jump in in Amazon shares, which boosted his net worth to $72.8 billion.

Other fun trivia include the fact that there are 56 billionaires under age 40, down from 66 previous year, after some aged out and others dropped below the US$1 billion mark.

Check out the top ten below, then head over to Forbes for the full list.

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

There were 183 tech billionaires with a combined wealth of $1 trillion.

Most of the richest women inherited their fortune, Forbes said. For the 2nd year running France's Liliane Bettencourt, the L'Oreal cosmetic heiress, was the world's most affluent girl using a $39.5bn net worth. "Lately, the neighbourhood has been struggling (relatively speaking)", it added.

Among other luminaries on the list, Alibaba founder Jack Ma was 23rd with $28.3 billion; activist investor and Trump deregulation adviser Carl Icahn was 55th with $16.6 billion; fashion designer Giorgio Armani was tied for 215th with $6.6 billion; Hollywood director Steven Spielberg was tied for 501st with $3.7 billion; and entertainment giant Oprah Winfrey was tied for 660th with $3 billion.

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