Bill Gates tops Forbes' rich list but Trump's wealth slips

Phillip Butler
March 21, 2017

The total worth of people on the list amount to a huge £6.18 trillion - more than double the UK's annual gross domestic product.

President Trump's fortune has dropped by roughly $1 billion since previous year, according to Forbes magazine's latest ranking of the world's billionaires.

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

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

Irsay, 57, saw his net worth rise from $2.3 billion to $2.5 billion, but his position on the list dropped from 771st to 814th. Buffett's wealth was estimated at $75.6 billion.

U.S. president, Donald Trump dropped down the list 200 spots to 544th as his fortune nosedived to $3.5bn from $3.7bn the previous year.

Trump slipped 220 spots on the list to 544 with an estimated $3.5 billion, a decline of $1 billion from past year. Bill Gates has topped the Forbes list for 18 out of the past 23 years. 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. Facebook creator Mark Zuckerberg was number five and Oracle co-founder Larry Ellison was number seven.

China was second with 319 billionaires, and Germany was third with 114. "Bill will meet with members of the administration and congressional leaders to discuss the tremendous progress made to-date in these areas and the critical and indispensable role that the United States has played in achieving these gains". Gates' net worth was estimated at $86 billion, up from $75 billion in 2016, Forbes said in a statement. The list is dominated by USA billionaires. Last year Ms Rinehart praised Mr Trump's election and called for a replica of his policies in Australia, in a speech delivered on her behalf by the former Liberal MP Sophie Mirabella.

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.

Other reports by Ligue1talk

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