The Forbes billionaires list features a number of wealthy locals

Trump-Bill Gates

Reliance Industries chairman Mukesh Ambani has once again topped India's 100 Richest People list with a net worth of $22.7 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", said Luisa Kroll and Kerry Dolan, Assistant Managing Editors of Wealth at Forbes Media, said in a press release announcing the list.

The Microsoft founder's net worth is $86 billion, up from $75 billion previous year.

His wealth grew a bit from 2016, when Forbes had his net worth at $1.2 billion. Previous year the Amazon founder was ranked fifth.

While Gates' pal Warren Buffett took over the No. 2 spot at $75.6 billion, it was Amazon founder and CEO Jeff Bezos who had the best year of anyone.

Trump tumbled more than 100 spots to No. 544 on the magazine's 31st annual list, largely because of the impact of the slumping NY real estate market on his holdings.

Forbes found 2,043 people around the world were billionaires, with 233 becoming billionaires just within the past year.

USA military confirms Idlib bombing; denies mosque was hit
A powerful Syrian opposition group and other opposition activists blamed the US -led coalition for the airstrike. It's now unclear who carried out the airstrike, though local reports allege USA involvement.

Gates' $86 billion in wealth tops 2,043 other billionaires - a number that jumped 13 percent from 1,810 previous year.

Forbes notes that Trump is the first billionaire president in US history and said " the business that made him rich remains intact".

The Asia-Pacific claimed the most billionaires with 720, followed by the USA with 565 and Europe with 530.

Alhough famed Silicon Valley executives Mark Zuckerberg and Larry Ellison are in the top 10 with $56 billion and $52.2 billion, respectively, the technology industry did not dominate the front end of the list.

Donald Trump may have won the top political job in the United States, taking the presidency in a hard-fought struggle against Hillary Clinton, but the people at Forbes magazine say Trump's financial status hasn't fared as well. Microsoft stock is 27% more valuable than a year ago, but nowadays his Microsoft stock accounts for just 13% of Gates' fortune. She is worth $7.4 billion. At 32, Zuckerberg is the richest tech billionaire under age 40.

Overall, there were 227 women billionaires, the majority of whom inherited their wealth. China added 76 billionaires to the list.

Founder of Chinese internet giant Alibaba Group Holding Jack Ma Yun was the third richest man in Asia, at No.23 and worth $28.3 billion.

Related News:

  • SC notice to Centre, RBI over plea on depositing old notes

    SC notice to Centre, RBI over plea on depositing old notes

    The petitioners were also asked to show the documents whether they had gone to banks to deposit the old currency notes or not. The pPrime minister's speech gave hope to those in difficulty to deposit demonetised currency by March 31.
    Iniesta will stay - Fernandez

    Iniesta will stay - Fernandez

    Meanwhile, he also went on to discuss the search for a replacement for coach Luis Enrique who will step down from his position at the end of this season.

    LeBron James Speaks On NBA Coaches' Choices To Bench Key Players

    I hate it for the fans. "Hopefully we can spread (the schedule) out a little bit more and get guys a little bit more rest. On the night, the four-time MVP was 13-for-22 from the floor, adding a team-high seven assists, six boards and a steal.
  • 'GTA 6' release date, rumors: Will Rockstar drop its third-person mode?

    'GTA 6' release date, rumors: Will Rockstar drop its third-person mode?

    Red Dead Redemption's overarching theme was that the time of the Old West is ending, and the next era is pushing in. Called Red Dead Redemption V , this mod takes the map from Red Dead Redemption and brings it to the GTA V engine.
    Underwood leaves Oklahoma State for IL

    Underwood leaves Oklahoma State for IL

    Forward Jeremiah Tilmon and point guard Trent Frazier headline the class, which now has four commits. The Pokes played an exciting brand of hoops, ranking eighth in the nation in scoring (85.7 ppg).
    Natalie Portman Stars in James Blake's

    Natalie Portman Stars in James Blake's "My Willing Heart" Music Video

    When she isn't delicately floating in the pool, the Academy Award-winning actress peacefully lies around, rubbing her belly. In a very sweet moment, Natalie holds her stomach as Amalia flutters and then kicks, while she floats in the water.
  • Turkey 'Hears Footsteps of Fascism' Reviving in Germany - Deputy Prime Minister

    Turkey 'Hears Footsteps of Fascism' Reviving in Germany - Deputy Prime Minister

    Turkish politicians have repeatedly slammed Germany for turning a blind eye to terrorist organizations such as the PKK. They rally together in solidarity.
    25 passengers, crew rescued from vessel near San Clemente Island

    25 passengers, crew rescued from vessel near San Clemente Island

    The Navy crew arrived at 4:30 a.m. and began removing water from the fishing vessel, then turned the task over to the Sockeye . Truline made it to the Newport Beach (Calif.) Shipyard hours later. "We were able to keep up with the flooding", Simpson said.
    Uttar Pradesh gets Hindu firebrand leader

    Uttar Pradesh gets Hindu firebrand leader

    Given his following among a large section of Hindus as the "saviour" of the religion, Yogi would suit the RSS more than Modi. The party is back in the state after 15-years by winning 312 seats in the recently held assembly elections.
  • Square Enix teases the first Super Nintendo game on the Nintendo Switch

    Square Enix teases the first Super Nintendo game on the Nintendo Switch

    No word yet about an global release, but if it does get one, it will be the first localized release of Seiken Densetsu 3 , a game that has been Japan only.
    Britain to trigger Brexit March 29

    Britain to trigger Brexit March 29

    Sinn Féin leader Mr Adams said Mr Kenny must work to secure special designated status for Northern Ireland within the EU. Next Wednesday, the Government will deliver on that decision and formally start the process by triggering Article 50.
    Vardy reveals his safety fears over death threats

    Vardy reveals his safety fears over death threats

    TMW have reported on comments Prandelli made when he confirmed that an approach was made by the Premier League side. It was 24 hours before I did it but we had just got back from Seville.


Most liked

ARM DynamIQ microarchitecture takes aim at AI and machine learning
This will help ARM move into markets beyond mobile, Nayampally explained, particularly as the demand for compute speeds up.

Rowan Atkinson's 'Mr. Bean' Cameo in 'Funny Comedian' Released
The entertainment icon was a victim of a similar death hoax past year when claims he had committed suicide swept the web. The character, conceived as "the world's most annoying man", works well in context, as most of Atkinson's work is mimed.

The Summit Global Investments Purchases Shares of 86160 General Mills, Inc. (GIS)
The Firm is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. Following the sale, the director now directly owns 54,676 shares of the company's stock, valued at approximately $3,325,941.08.

A Guinness World Record For Rahul Gandhi?
It was quite unfortunate that the Congress in Kerala was without a president for the last two weeks, he added. The proposal came soon after Gandhi lost four of the five assembly elections held in five states.

FT Roundup: Gamecocks Chop Down Duke
If we lose, it won't be because we couldn't - because they had more people here than we did. "That's how hard they played". And the South Region's No. 1 seed was fortunate to survive a second-round game against Arkansas to get there.

White House says underfire Trump campaign chair had very limited role
Spicer was asked Monday at a White House press conference how Trump's golf playing is "any different", from Obama's. Andrew Napolitano has been pulled from the Fox News Channel, a source at the organisation said .

Death toll from Damascus bombing climbs to 74
Twin suicide bombings in the high-security Kafr Sousa district of the capital in January killed 10 people, eight of them soldiers. Iraq's Foreign Ministry said in a statement that at least 40 of those killed were Iraqi, as well as 120 more wounded.

AFC Energy plc (AFC) to Release Quarterly Earnings on Wednesday
HSBC Holdings plc's price objective suggests a potential upside of 6.89% from the company's current price. SYMC's profit will be $123.65 million for 38.38 P/E if the $0.20 EPS becomes a reality.

Oil Drops as US Drilling Growth Threatens to Counter OPEC Cuts
USA drillers boosted the rig count for a 9 straight week by 14 to 631 last week, data from Baker Hughes showed on Friday. That said, it appears that there are still opportunities left in the best parts of the US shale oil patch.

Proposed USDA cuts worry Iowa lawmakers
Specific USDA areas targeted for cuts include its statistical capabilities and staffing at its county-level service centers. Hladik says many parts of rural America did not recover fully from the Great Recession that started almost a decade ago.

Iraqi troops fighting ISIS storm Mosul government complex, then pull back
Prime Minister Haider al-Abadi arrived in Mosul on Tuesday morning to visit Iraqi forces, accord to his office. Iraqi security forces fighting against Islamic State militants in western Mosul, Iraq , March 6, 2017.

Airtel's claim of fastest network under doubt after Speedtest flaw emerges
The company has asked ASCI to withdraw Airtel's advertisements that claim to be India's fastest mobile telecommunication network. Airtel, along with Vodafone, Idea and others, has objected to Jo providing its services for free, calling the move predatory.

Bill Gates again tops Forbes rich list; Trump slips 220 spots
Forbes said about 40 per cent of the president's fortune is linked to Trump Tower and other Trump-owned properties near to it. Donald Trump is $1 billion poorer since becoming president, according to Forbes latest list of the world's billionaires .

Trump Trashes 'Fake Media' For Falsely Reporting On American Health Care Act
Brian Fitzpatrick, R-Pa., said he couldn't vote for the bill, stressing a need "to take our time and to get this right". The GOP plan promotes health savings accounts for the affluent and encourages catastrophic insurance deductibles.

Trump, critic of Obama's golfing, regularly hits the links
Britain is said to be ready to forget the spat after the United States agreed not to repeat claims GCHQ wiretapped Mr Trump. Among his other playing partners have been company executives and pro golfers like Rory McIlroy, Tiger Woods and Ernie Els.