Villar leads other Philippine billionaires on Forbes' richest list

Chelsea owner and Israeli billionaire Roman Abramovich 2018. Credit Chelsea FC

Malaysia's second richest man is Quek Leng Chan, one of the co-founders of the Hong Leong banking group, whose fortune is estimated to come in at US$9.4 billion.

Paint tycoon Goh Cheng Liang followed in 203rd place with US$7.2 billion, while hotpot chain Haidilao's founder Zhang Yong came in next at 224th with US$6.8 billion. Other Filipino taipans who made it to the Forbes world's richest list were San Miguel president Ramon Ang with a net worth of $2.9 billion; and Alliance Global Group chairman Andrew Tan with a net worth of $2.7 billion. ($1.2 billion) and Roberto Ongpin ($1.1 billion).

Others well-known among the uber-rich class with local connections include Detroit native and University of MI mega-donor Stephen Ross ($7.7 billion), Detroit real estate mogul Dan Gilbert ($6.7 billion), Detroit Red Wings owner Marian Ilitch ($4.1 billion) and Penske Corp. founder Roger Penske ($1.5 billion).

The 33rd annual ranking has 2,153 billionaires on the 2019 list, down from 2,208 in 2018. Of those, a record 994, or 46 per cent, are poorer (relatively speaking) than they were past year.

All together, the ultra-rich are worth $8.7 trillion, down $400 billion from 2018, and 247 people dropped out of the ranking - the most since 2009 at the height of the global financial crisis, Forbes reported.

Asia-Pacific had the biggest drop in its billionaire population, with 60 fewer holding 10-figure fortunes. There are now a record 609 in the U.S., including 14 of the world's 20 richest.

In a blow to Trump, America’s trade deficit hit record US$891b
The annual deficit in goods and services increased by US$68.8 billion, or 12.5 percent, Commerce Department data showed Wednesday. The trade deficit increased by almost 19 per cent in December, leading to a $US621 billion gap for 2018 - the largest since 2008.

Meanwhile, Amazon CEO Jeff Bezos remains the world's richest for the second consecutive year, with a US$131 billion fortune, up by US$19 billion from the previous year.

Facebook founder Mark Zuckerberg and former New York City mayor Michael Bloomberg are also among the top 10 richest people on the list.

Ambani, 61, saw wealth soar from $40.1 billion in 2018 when he was placed 19th richest in the world, to $50 billion to be rank at 13th in 2019.

Of the 2,153 global billionaires, 21 are Israelis, according to the 2019 Forbes World Billionaires list.

China's Mr Ma Huateng, head of Internet giant Tencent, at No. 20 with US$38.8 billion, pipped Alibaba's Mr Jack Ma at No. 21 with US$37.3 billion.

There are now 2153 billionaires around the world, the magazine says, down 55 from a year ago.

Related News:

  • Kate Beckinsale's Ex Throws Massive Shade with Advice for Pete Davidson: 'Run'

    Kate Beckinsale's Ex Throws Massive Shade with Advice for Pete Davidson: 'Run'

    Commenting on the meme, Kate wrote alongside the image: "Antoni is gay, if that helps clarify at all #queereye". Enjoy it while you can - I hope they're both happy and can build to where it's an established relationship".
    Porto beat Roma with extra-time VAR penalty

    Porto beat Roma with extra-time VAR penalty

    Alex Telles scored an extra-time penalty following a VAR review to send Porto through to the Champions League quarter-finals at the expense of Roma .
    China increases defence budget by 7.5% to $177.61 billion

    China increases defence budget by 7.5% to $177.61 billion

    Li also mentioned that, over the period of two years, China is to reduce or lower some charges for railway and ports. According to Li, these policies will cut costs for businesses by almost RMB 2 trillion (US$298.3 billion).
  • FDA says asbestos found in cosmetics at teen chain Claire's

    FDA says asbestos found in cosmetics at teen chain Claire's

    The FDA also detected asbestos in a product by pre-teen retailer Justice, which had already been recalled in 2017. The regulator warned consumers not to use the products, although Claire's disputed the findings.
    President Donald Trump calls Tim Cook ‘Tim Apple’

    President Donald Trump calls Tim Cook ‘Tim Apple’

    The pair were meeting to discuss eduction and jobs in tech as part of the American Workforce Policy Advisory Board . Trump has a habit of fluffing names" he called Nepal "Nipple", Bhutan "Button" and Namibia "Nambia' .
    One killed, 30 injured in Jammu grenade attack

    One killed, 30 injured in Jammu grenade attack

    Police have launched a massive hunting operation, with sniffer dogs and forensic experts rushing to the spot. The area was cordoned off after the explosion but the militant merged into the crowd and escaped.
  • Volvo's Polestar 2 picks a fight with Tesla's Model 3

    Volvo's Polestar 2 picks a fight with Tesla's Model 3

    Polestar will make its formal public debut at the Geneva Motor Show next month, with production set to begin in early 2020. Volvo is putting the Tesla Model 3 on notice, and is doing so with the reveal of its new Polestar 2 electric vehicle .
    Manchester United stars separated after dramatic bust-up

    Manchester United stars separated after dramatic bust-up

    Lukaku has scored 40 goals and registered 13 assists in 87 games for The Red Devils since his €85m transfer from Everton in July 2017.
    China’s Huawei launches court challenge to US security law

    China’s Huawei launches court challenge to US security law

    Huawei said it hopes the USA removes this section so it can work with the US and President Donald Trump . "We are compelled to take this legal action as a proper and last resort", Mr Ping said in a statement .
  • Kraft's arraignment set for March 28

    Kraft's arraignment set for March 28

    Bush White House and helped review the documents related to Judge Brett Kavanaugh's Supreme Court nomination hearing. Many legal experts have theorized he'd never have to appear in person in court, thus avoiding the public spectacle.
    There's so much to love in Captain Marvel, especially Captain Marvel

    There's so much to love in Captain Marvel, especially Captain Marvel

    There's fun to be had here with the banter and physical interactions, but the film stumbles with its fight/action sequences. After a mission goes wrong, Carol is captured by Skrulls, green shape-shifting aliens who are the Krees' detested enemies.
    London Patient Cured Of HIV/AIDS

    London Patient Cured Of HIV/AIDS

    For others, the technique simply didn't work, leading some to question whether the Berlin patient's success was simply an anomaly. Gupta noted that the man's HIV viral load could still rebound. 20 years ago, times were bleak for those diagnosed with the virus.


Most liked

Trudeau says there’s been ‘erosion of trust’ between PMO, Wilson-Raybould
Jody Wilson-Raybould says she was pressured in the criminal prosecution of engineering giant SNC-Lavalin. But he also added, Wilson-Raybould also should have been more forthcoming with her concerns.

Alabama man sues abortion clinic after girlfriend terminates fetus
A teenager is suing an abortion clinic on behalf of his unborn child who he said was terminated against his wishes. Adrienne Kimmell, NARAL Pro-Choice America vice president, called such efforts "chilling" to women's rights.

Walton salutes LeBron 'greatness' after eclipsing Jordan's tally
LeBron James has added another feather in his cap in terms of the ongoing debate between himself and Michael Jordan . James needs to score 6,077 points to set a new scoring record, which will likely take at least four seasons.

Jungle Boy Releases Statement On The Passing Of His Father Luke Perry
Riverdale airs Wednesdays at 8/7 on The CW . "Our thoughts and prayers are with him and his family at this time". Riverdale executive producers Aguirre-Sacasa, Greg Berlanti, Sarah Schechter, Jon Goldwater, Warner Bros.

Woman, homeless man in GoFundMe scheme plead guilty
Bobbitt's sentencing has yet to be scheduled, but he is expected to appear in Drug Court in Burlington County Friday. But the story wasn't true, authorities said, as McClure and Bobbitt pleaded guilty Wednesday to federal charges.

PlayStation 4 Remote Play Arrives On iOS Devices With Firmware Update 6.50
With an iPhone and iPad, Sony notes that it is now limited to WiFi connections and that it will not work over mobile networks. That's the biggest new addition, though there are a couple of other interesting changes for players in certain regions.

Mario Batali Sells All Restaurants One Year After Multiple Misconduct Allegations Surfaced
Mario Batali is finally divesting from all of his restaurants - eight months later than the originally announced July date . A spokesperson for the siblings said they had been working to remove Batali since the allegations emerged.

Maleficent 2 Gets New Poster, Title, And 2019 Release Date
We have just over seven months left until the film hits, so we won't have to wait long until we find out the overall premise. Movies like Ever After and Maleficent work because they take enough creative leaps to create something different.

Seven members of one family killed in deadly Alabama tornadoes
The tornado swept up and scattered the debris so widely that the metal frames of two of those homes could not even be located. Sheriff Jay Jones said at a news conference Monday morning that he anticipated that the death toll would rise.

Nintendo Labo VR Kit Announced for Switch
The VR Starter Set, meanwhile, includes the Switch software, but only the materials needed to build the VR Goggles and Blaster. The Nintendo Labo: VR Kit - Starter Set + Blaster and complete Nintendo Labo: VR Kit will be available in stores on 12 April.

Several buildings in separate cities evacuated over suspicious packages
The packages - A4-sized white envelopes - had Irish stamps on them and contained small improvised explosives devices . Other sites closed are the Isabella Elder Building, James McCune Smith Learning Hub and the Joseph Black Building.

Jared Leto Reveals First on-Set Photo of Morbius
The versatile artist will portray Michael Morbius in Sony's live-action film adaptation of Marvel's Morbius the Living Vampire . The film is officially in motion with the announcement that Fast and the Furios star, Tyrese Gibson will join the cast.

DNC ditches Fox News as 2020 primary debate host
It is usually the most-watched network on cable television, yet many of those viewers are avid Trump fans. The New Yorker report alleged that Fox News is no longer a news outlet but a propaganda outlet.

Child star from 'School of Rock' caught stealing Florida guitars
Back in 2003, the world of music was delighted to see the premiere of Richard Linklater's musical comedy, School Of Rock . NBC News reports that Gaydos then stole a $1,900 guitar from Sam Ash Music Store on February 11.

New Zealand and Canadian radio bans Michael Jackson
"We're just merely trying to make sure that our radio stations are going to play the music that people want to hear". At this stage, no USA or United Kingdom radio stations have confirmed their intention to do so.