Bill Gates again tops Forbes rich list; Trump slips 220 spots

Henry Sy. ABS-CBN News  File

Microsoft co-founder and philanthropist Bill Gates topped this year's rich list for a fourth consecutive year, with an estimated fortune of around $86bn. Forbes said about 40 per cent of the president's fortune is linked to Trump Tower and other Trump-owned properties near to it.

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.

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

Forbes reported Donald Trump's wealth dropped by about US$1b to US$3.5b over the past year.

Forbes released its 2017 list of billionaires Monday and there are several Central Texans who have made the list.

In the United States, Carl Cook trails just behind Stan Kroenke, who grew famous previous year for becoming St. Louis' favorite villain by moving the Rams football team to Los Angeles. His total net worth likewise increased, estimated at $5.8 billion.

According to the USA publication's latest global rich list, Gates grew his wealth by US$11 billion during 2016 to US$86 billion, ranking as the richest person in the world for 18 of the past 23 years.

Jeff Bezos: The CEO and founder of e-commerce giant Amazon, Bezos' current net worth is $73.8 billion. Buffett's wealth was estimated at U.S. $ 75.6 billion.

Northern Ireland leader Martin McGuinness dead at 66
He also played a key role in forging the 1998 Good Friday peace agreement that largely ended the conflict. He wished the monarch well in Irish, in a phrase that translates as: "Goodbye and God bless".

The magazine also noted that he gave $66 million to his presidential campaign and paid $25 million to settle a lawsuit related to Trump University.

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

Facebook creator Mark Zuckerberg came fifth.

Galen Weston and family, who rank 133rd with a fortune estimated at $9.5 billion US.

Billionaire's across the globe saw their net worth jump by 18% to $7.7trn (£6.2trn) over the a year ago, according to Forbes 2017 billionaires list.

Donald Trump is $1 billion poorer since becoming president, according to Forbes latest list of the world's billionaires.

The 31st annual billionaires list notes 233 more billionaires (13 percent) than were included on the 2016 roundup.

HollywoodLifers, are you surprised Trump plummeted down so low on the list? 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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