Bill Gates named world's richest man on Forbes for the fourth straight year; Trump slips 200 spots
Bill Gates, whose wealth is estimated at USD 86 billion, led the list for the fourth straight year.
Microsoft co-founder Bill Gate once again topped the Forbes magazine list of the world's richest billionaires, while US President Donald Trump slipped more than 200 spots.
Gates, whose wealth was estimated at USD 86 billion, led the list for the fourth straight year. He was followed by Berkshire Hathaway chief Warren Buffett among the top 10 billionaires, a group heavily dominated by Americans, many of whom work in the technology sector.
Buffett's wealth was estimated at USD 75.6 billion. Others in the top 10 included Amazon founder Jeff Bezos at number three, Facebook creator Mark Zuckerberg at number five and Oracle co-founder Larry Ellison at number seven.
The global billionaire population jumped 13 percent from last year to 2,043, the biggest annual increase in the 31 years since the magazine began compiling the list, Forbes said.
Trump himself slipped 220 spots on the list to number 544 with an estimated USD 3.5 billion. Forbes attributed Trump's drop to sluggishness in the Manhattan real estate market which is responsible for a disproportionate amount of his wealth.
"Forty percent of Donald Trump's fortune is tied up in Trump Tower and eight buildings within one mile of it," Forbes said. "Lately, the neighborhood has been struggling (relatively speaking)."
This year it took at least USD 3.7 billion in wealth to make it onto the list, but only in a tie for 501th place, a group that included Hollywood director Steven Spielberg.
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