Bill Gates tops billionaires list again

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For the fourth straight year, Microsoft co-founder Bill Gates whose wealth is estimated at $86 billion led the Forbes Magazine list of the world’s richest 2,000 billionaires, while US President Donald Trump slipped more than 200 spots, the magazine said on Monday.

Gates has been ranked as the richest person in the world for 18 of the past 23 years.
In second place is Berkshire Hathaway chief Warren Buffett whose wealth is estimated at $75.6 billion and is among the top 10 billionaires, a group heavily dominated by Americans, many of whom work in the technology sector.

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Others in the top 10 included Amazon founder Jeff Bezos who moved up to number three with the biggest gain of any person on the planet, a $27.6 billion increase to his fortune of $72.8 billion. Facebook creator Mark Zuckerberg was number five and Oracle co-founder Larry Ellison was 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. There are 183 tech billionaires in all with a combined $1 trillion in wealth, Forbes said.

The US had the most billionaires with 565. China was second with 319 billionaires, and Germany was third with 114.
The highest ranking woman on the Forbes list is L’Oreal cosmetics owner Liliane Bettencourt. She is in 14th position with $39.5 billion. The only woman in the top 20 is Alice Walton, daughter of Wal-Mart Stores founder Sam Walton.

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Overall, there were 227 women billionaires, the majority of whom inherited their wealth. 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. Entertainment giant Oprah Winfrey was tied for 660th with $3 billion.

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