Bill Gates Tops Forbes’ Rich List Again While Trump Falls 220 Spots
Tech pioneer Bill Gates has kept his crown as the world’s richest person, while U.S. President Donald Trump dropped more than 200 spots on the list of the world’s richest billionaires compiled by Forbes magazine.
With an estimated $86 billion wealth, the Microsoft (MSFT) co-founder and philanthropist has held the top spot for four consecutive years, Forbes reports. Though he pledged to give away 99% of his wealth, Berkshire Hathaway (BRK-A) chief Warren Buffett followed close on his heels with an estimated fortune of $75.6 billion.
The top ten, dominated by Americans in the tech industry, also included Amazon founder Jeff Bezos in third, Facebook’s (FB) Mark Zuckerberg at the fifth spot and Oracle (OCLCF) co-founder Larry Ellison at number seven.
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Meanwhile, property mogul-turned-President Donald Trump took a dive in the ranking, slipping 220 spots to number 544 with an estimated $3.5 billion—$1 billion down from last year. Forbes blamed the losses on sluggishness in the Manhattan real estate market.
The United States boasted the most billionaires on the list with 565, beating China’s 319 and Germany’s 114.