Sci-tech

Amazon CEO Bezos Is Biggest Gainer, Cracks Top 3 — Forbes' Billionaires List

Amazon CEO Bezos Is Biggest Gainer, Cracks Top 3 — Forbes' Billionaires List

Overall, the survey shows that the number of billionaires jumped 13 per cent to a new high of 2,043 from 1,810 previous year, as their total net worth rose by 18 per cent to $7.67 trillion, also a record.

Microsoft co-founder and philanthropist Bill Gates has defended his title as richest man in the world yet again, meaning that he has now taken the Forbes' top spot for four consecutive years. Gates retained his top spot for the fourth year in a row and has been the richest person in the world for 18 out of the past 23 years.

O'Brien saw his fortune fall by $1 billion from March 2016, while Desmond's fortune rose by €100 million, as did Naughton's.

A record 2,034 billionaires made this year's list, with a collective net worth of $7.67 trillion.

Co-editor of the billionaires list, Kerry Dolan, revealed that gains are mostly the result of rising price of oil over the past 12 months and the booming stock market. But Mr Bezos' $27.6bn increase on last year's figure marked the largest increase of anyone on the list. Joining Gates in the top three is investor/philanthropist Warren Buffet, with a net worth of $75.6 billion and Amazon CEO Jeff Bezos, the biggest gainer on the list, with a net worth of $72.8 billion.

Amancio Ortega, the Spanish business tycoon best known for owning the Zara fashion label, came in fourth, making him the highest ranking non-American with an estimated fortunate of $71.3bn.

Whilst the US President has refused to publish any of his tax returns to show the true scale of his wealth, during his Presidential campaign he claimed he was worth "an excess of $10 billion".

According to Forbes, the change in the total number of billionaires - up 233 since last year - was the biggest increase in 31 years.

Billionaire's across the globe saw their net worth jump by 18% to $7.7trn (£6.2trn) over the previous year, according to Forbes 2017 billionaires list. 238 inherited their wealth; another 434 inherited at least a portion but are still growing it. For the second year running, France's Liliane Bettencourt is the world's wealthiest woman with a $39.5 billion net worth. "In October 2016, at the time of the release of the 2016 Forbes 400 list of wealthiest Americans, Forbes valued Trump's net worth at $3.7 billion", Forbes said.

Southeast Asia was home to the most billionaires at 720, Forbes said.


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