For the fourth time in a row, Bill Gates was named as the richest man in the world, with an estimated fortune of $86bn, while Warren Buffett came in at second place with a net worth of $75.6bn.
"ORCRP016911-topic.html" class="local_link" >WWE and husband of Linda McMahon, President Donald Trump's new Small Business Administration chief, rejoins the Forbes list of the world's billionaires. Gates has a fortune of United States dollars 86 billion, up from USD 75 billion a year ago, followed by Berkshire Hathaway chief Warren Buffet with a new worth of USD 75.6 billion. The president landed at No. 544 on the list, slipping 220 spots from 2016, which the mag attributes to a massive decline in NYC's real estate market.
The global billionaire population jumped 13 per cent from last year to 2,043, the biggest annual increase in the 31 years since the magazine began compiling the list, said Forbes.
Along with those four, all 13 of the CT billionaires listed in 2016 made the Forbes list again, including hedge fund magnate Paul Tudor Jones II - who was reported to have exited Greenwich previous year in favor of a Palm Beach residence.
The biggest gainer on the 2017 list is Amazon's CEO Jeff Bezos (No. 3), whose fortune increased by $27.6 billion for a total net worth of $72.8 billion.
The richest person in the world as well as from the IT industry is none other than Microsoft cofounder Bill Gates. Dean White, who made his fortune in billboards and hotels, died past year.
Forbes released its 2017 list of billionaires Monday and there are several Central Texans who have made the list.
The personal fortune of US President Donald Trump has significantly nosedived over the past year. His net worth went up, but not as fast as his peers.
The rich are getting richer, and if you don't believe us just check out Forbes.com's new list of the world's billionaires. India is home to 101 billionaires, the first time it has has more than 100 super rich individuals.
Few financial lists generate as much excitement as Forbes' annual Billionaires List, which ranks the world's richest people. That would be Bill Gates, who is worth $86 billion.
According to its methodology, Forbes bases its billionaires list on a "snapshot of wealth" taken on February 17 by valuing assets using stock prices and worldwide exchange rates.
Overall, there were 227 women billionaires, the majority of whom inherited their wealth.