Published: Tue, March 21, 2017
Tech | By Constance Martin

Trump drops 220 spots on Forbes Billionaires List

Trump drops 220 spots on Forbes Billionaires List

The change in the number of billionaires - up 233 since the 2016 list - was the biggest jump in the list's more than three decade history and Forbes said that gainers since last year's list outnumbered losers by more than three to one. "Lately, the neighborhood has been struggling (relatively speaking)". He has famously refused to reveal his tax returns that would identify his actual net worth, but has claimed it's "in excess" of $10 billion.

New Zealand's richest man has climbed the rankings of Forbes magazine's richest people in the world, accumulating an estimated $4.5 billion of wealth in the past year.

There are 183 tech billionaires in all with a combined $1 trillion in wealth, Forbes said.

The United States has the most billionaires on the list (565), with China and Germany following, boasting 319 and 114 billionaires, respectively. Joining them in the top five were Berkshire Hathaway founder Warren Buffet ($75.6 billion), Amazon head honcho Jeff Bezos ($72.8 billion), and Spanish business tycoon Amancio Ortega ($71.3 billion).

The list, published Monday, tracked the mind-boggling fortunes of the world's elite and assesses the overall financial trends of the world's richest people. His net worth surged to $75.6 billion from $60.8 billion. Comey also dismissed the president's claim that President Barack Obama a year ago ordered that Mr. Trump be wiretapped.

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The magazine estimated the worth of the Mar-a-Lago resort in Florida rose $25m due to post-election exposure. Trump also got a boost from an increase in land values in lower Manhattan where he holds the 40 Wall Street tower.

The highest ranking woman on the list was L'Oreal cosmetics shareholder Liliane Bettencourt, who was 14th with $39.5 billion. With his wealth estimated at $86 million, the Microsoft co-founder is in a league totally of his own.

Overall, there were 227 women billionaires, the majority of whom inherited their wealth.

2,043 billionaires (up from 1,810 in 2016) made the list, with an average net worth of $3.75 billion.

Notable newcomers included Vietnam's first self-made woman billionaire, Nguyen Thi Phuong Thao, who took her budget airline, VietJet Air, public in February 2017.

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