Trump's wealth dwindled to $3.5b

Posted March 21, 2017

Although his global ranking dropped by three places in 2017, Sy still remains the richest man in the Philippines.

Goodnight's personal fortune soared to $9.4 billion as of March 20, Forbes reported Monday morning as part of its annual "World's Billionaires' list". His net worth went up, but not as fast as his peers.

Joining Gates on top is the investor and philanthropist, Warren Buffet, with a fortune worth $75.6 billion, up from $60.8 billion previous year.

Longtime investor and philanthropist Warren Buffett, the "Oracle of Omaha", was listed at No. 2 with a fortune of almost $77 billion.

David Booth, 71, of Austin, is ranked at No. 1,290 with $1.6 billion. During the campaign he said that he was worth $8.7 billion and said a year ago in a personal financial disclosure form filed with the federal government that his net worth was "in excess of $10 billion". The richest female billionaire with a tech fortune is Laurene Powell Jobs, wife of the late Apple founder Steve Jobs.

Meanwhile Microsoft founder Bill Gates kept his top spot on the Forbes list, with a fortune of US$86bil (up from US$75bil in 2016) for the fourth year running.

Jeff Bezos: The CEO and founder of e-commerce giant Amazon, Bezos' current net worth is $73.8 billion.

A familiar face fills the number five spot this year as Facebook's Mark Zuckerberg slotted in there with a fortune of €11.4bn and sixth place went to Carlos Slim Helu of Mexico who has been ranked outside the top five for the first time in over 12 years. Buffett's wealth was estimated at USA $ 75.6 billion.

According to Forbes, the change in the total number of billionaires - up 233 since last year - was the biggest increase in 31 years. "In October 2016, at the time of the release of the 2016 Forbes 400 list of wealthiest Americans, Forbes valued Trump's net worth at $3.7 billion", Forbes said.

It was followed by 319 in China, 114 in Germany and 101 in India.

Rounding out the Forbes top 10, Amancio Ortega of Spanish apparel chain Zara was fourth; Mexican telecom tycoon Carlos Slim was sixth; the Koch brothers, United States conservative political activists Charles and David, were eighth and ninth; and former New York City mayor and Bloomberg News founder Michael Bloomberg was 10th.

Bill Gates topped the list at $86 billion.