Bill Gates again world's richest man; Trump slips


Bill Gates again world's richest man; Trump slips
  1. Bill Gates again world's richest man; Trump slips
    china.org.cn
    Microsoft co-founder Bill Gates once again topped the Forbes magazine list of the world's more than 2,000 billionaires, while U.S. President Donald Trump slipped more than 200 spots, the magazine said…
    World

U.S. President Donald Trump and Microsoft co-founder Bill Gates [File photo]

U.S. President Donald Trump and Microsoft co-founder Bill Gates [File photo]

Microsoft co-founder Bill Gates once again topped the Forbes magazine list of the world's more than 2,000 billionaires, while U.S. President Donald Trump slipped more than 200 spots, the magazine said Monday.

Gates, whose wealth is estimated at US$86 billion, led the list for the fourth straight year, and has been ranked as the richest person in the world for 18 of the past 23 years.

Among the top 10 billionaires, a group heavily dominated by Americans, many from the technology sector, Gates was followed by Berkshire Hathaway chief Warren Buffett, with wealth was estimated at US$75.6 billion, a US$14.8 billion jump from the 2016 list, despite his pledge to give away 99 percent of his wealth.

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 US$27.6 billion increase to his fortune of US$72.8 billion. Facebook creator Mark Zuckerberg was number five and Oracle co-founder Larry Ellison was number seven.

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

The global population of billionaires jumped 13 percent from last year to a record 2,043, the biggest annual increase in the 31 years since the magazine began compiling the list, Forbes said.

The US had the most billionaires with 565, a product of the swelling value of the American stock market since Trump's November 2016 election.

China was second with 319 billionaires, and Germany was third with 114.

Partial Trump slump

Trump slipped 220 spots on the list to 544 with an estimated US$3.5 billion, a decline of US$1 billion from last year. Forbes attributed Trump's drop to sluggishness in the midtown 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)."

Forbes also said Trump's wealth was hit by US$66 million in political spending on his successful presidential campaign, as well as US$25 million to settle litigation he allegedly ripped off students at Trump University.

The US president also would have missed the big stock market rally following his election, "assuming Trump sold off all of his stocks during last year's campaign, as he has claimed," the magazine said.

But not all of the trends were negative for Trump.

The magazine estimated the worth of the Mar-a-Lago resort in Florida rose US$25 million 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.

More self-made women

Rounding out the Forbes top…

  1. France's Le Pen, on Russia visit, heads to Kremlin for exhibition

    Channelnewsasia.com - World
    03.24 / 10:36 www.channelnewsasia.com
    French far-right presidential candidate Marine Le Pen set off for the Kremlin on Friday to visit an exhibition of French gothic art, Vyacheslav Volodin, the speaker of the State Duma, Russia's lower house of parliament, told…
  2. Using GPS switches off parts of brain, scientists find

    Channelnewsasia.com - World
    03.24 / 10:16 www.channelnewsasia.com
    Scientists studying what satnavs (GPS systems) do to the brain have found that people using them effectively switch off parts of the brain that would otherwise be utilised to simulate different routes and boost navigational…
  3. Commentary: The 3 types of jihadist attacks in the West

    Channelnewsasia.com - World
    03.24 / 10:16 www.channelnewsasia.com
    A terrorism expert reflects on a decade of research to identify and explain the three categories into which the recent London parliament attack is likely to…
  4. Brazil Official Statement After Several Countries Have Banned Imports of Meat

    Novinite.com - World
    03.24 / 09:59 novinite.com
    On Wednesday several countries have banned imports of Brazilian meat after police raided several meat producers last Friday for allegedly doling out bribes to inspectors to certify meat that was either rotten or tainted with salmonella. ''Brazil ranks among the biggest animal protein exporters in the world, and the standards of excellence of our products rate among the best of the world. High quality Brazilian meat and meat products are exported to more than 150 countries '', is said in…
  5. Trump ultimatum: Pass health bill or he'll move on

    Panarmenian.net - World
    03.24 / 08:59 panarmenian.net
    Trump himself set the stage, dispatching an aide to a closed-door meeting of Republican lawmakers to demand a…
  6. Hong Kong may choose Beijing's pick for leader amid tension

    Panarmenian.net - World
    03.24 / 08:48 panarmenian.net
    John Tsang, more popular with the densely populated city's 7.3 million people, is expected to get around a quarter of the…
  7. Westminster attack: 2 more arrested overnight

    Channelnewsasia.com - World
    03.24 / 08:44 www.channelnewsasia.com
    Two more people have been arrested after a British man went on a rampage outside…
  8. Most mutations in cancer are random cell division mistakes: study

    Panarmenian.net - World
    03.24 / 08:32 panarmenian.net
    The report was authored by the same team that led a controversial study in January 2015 that said random DNA mutations is often to blame for…
  9. Trump preparing orders to review trade deals, procurement: Officials

    Channelnewsasia.com - World
    03.24 / 08:24 www.channelnewsasia.com
    The Trump administration is preparing new executive orders to re-examine all 14 U.S. free trade agreements and review government procurement policies to aid American companies, two administration officials…
  10. Russia continued supplying T-90 tanks to Azerbaijan in 2016

    Panarmenian.net - World
    03.24 / 08:16 panarmenian.net
    The publication based the report on remarks by Russian President Vladimir Putin who was summing up the results of arms…
  11. French Defence Minister sees Raqqa battle starting in coming days

    Channelnewsasia.com - World
    03.24 / 08:07 www.channelnewsasia.com
    A battle against Islamic State to recapture the Syrian city of Raqqa is likely to start in the coming days, French Defence Minister Jean-Yves Le Drian said on…
  12. Russia says six of its soldiers killed in Chechnya base attack

    Channelnewsasia.com - World
    03.24 / 08:07 www.channelnewsasia.com
    Russia said on Friday that six of its soldiers had been killed while successfully repelling a militant assault on a military facility in…
  13. Donald Trump issues ultimatum on new healthcare act, asks Republicans to pass it by Friday

    India.com - World
    03.24 / 07:59 www.india.com
    Mick Mulvaney said, he will move to other priorities, if the President doesn't get the required vote on Obamacare to repeal and replace…
  14. Mosul air strike: Over 200 killed, buried in rubble, say Iraqi officials, residents (Watch Video)

    India.com - World
    03.24 / 07:54 www.india.com
    The air strike triggered a massive explosion in the city last week and as per the reports, the civil defence agency officials and locals are still recovering…
  15. London attacker was a criminal with militant links

    Panarmenian.net - World
    03.24 / 07:50 panarmenian.net
    Masood had shown up on the periphery of previous terrorism investigations that brought him to the attention of Britain's MI5 spy…
  16. Indian woman, son strangulated to death in New Jersey

    India.com - World
    03.24 / 07:33 www.india.com
    "Pained to hear about the killing of Sasikala & son Sai in New Jersey, US. My condolences to the family members, " Andhra Pradesh CM…
  17. South China Sea installations ‘primarily’ civilian: Li Keqiang

    India.com - World
    03.24 / 07:23 www.india.com
    The sea is a source of growing regional tension, with Beijing insisting it has sovereignty over virtually all the resource-rich waters, which are also claimed in part by several other countries, and deemed international waters by most of the…
  18. Erdogan Says Turkey will Review EU Ties ‘From A to Z’

    Novinite.com - World
    03.24 / 07:15 novinite.com
    Turkey’s president Recep Tayyip Erdoğan has once again vowed to re-examine all political and administrative ties with the EU, after a constitutional referendum in April. He warned that any review of Ankara’s relations with Europe would include a deal to curb illegal migration to the bloc. “We can continue our economic relations with the European Union, Erdoğan said, but we may need to review our political and administrative ties. We will sit down and talk with our government and review ev…
  19. China says not militarizing South China Sea

    Panarmenian.net - World
    03.24 / 07:00 panarmenian.net
    "Even if there is a certain amount of defense equipment or facilities, it is for maintaining the freedom of navigation," Premier Li…
  20. Greece says to support Rome declaration, calls for EU backing on labour reforms

    Channelnewsasia.com - World
    03.24 / 06:52 www.channelnewsasia.com
    Greece will support a declaration marking the European Union's 60th birthday but needs the bloc's backing against International Monetary Fund demands on labour reforms, Greek Prime Minister Alexis Tsipras said ahead of a Summit in Rome on…