A Lot of People Became Billionaires Last Year

Bill Gates is the richest person in tech

As the New York's real estate market has slowed, Forbes began downgrading Trump's net value a year ago, saying in October that his net worth was down to $3.7 billion. His fortune rose to $86bn, from $75bn previous year.

Warren Buffett was second after his net worth rose by almost $15 billion, to $75.6 billion.

Compared to the guy at the top of the list, Bill Gates, though, it's chump change - he is estimated at $86 billion, and finds himself in the No. 1 spot for the fourth year in a row. Vince McMahon, whose wealth is listed separately from Linda's, was on the list in 2015, then fell off previous year as the WWE stock took a body blow. He was in the third position past year with $60.8 billion.

Billionaire's across the globe saw their net worth jump by 18% to $7.7trn (£6.2trn) over the past year, according to Forbes 2017 billionaires list. Eleven million people with HIV are alive because of the program, Gates said, and "many more never got the virus in the first place because of the prevention efforts supported by PEPFAR". China is next after the United States with 47. Besoz showed the biggest increase, with his net worth shooting up from $27.6 billion from previous year.

"Although Donald Trump's name is plastered on buildings all around the world, his core assets are still located in a small part of New York City", Forbes associate editor Dan Alexander said about Trump's ranking the publication's famous annual listing.

More news: Today's Brokerage Rating: Viavi Solutions Inc. (VIAV), PulteGroup, Inc. (PHM)

"We list individuals rather than multigenerational families who share large fortunes, though we include wealth belonging to a billionaire's spouse and children if that person is the founder of the fortune", the magazine says.

Last year's second richest person in the world, Spanish clothing chain Zara owner Amancio Ortega fell to forth place, despite gaining $4.3bn to his fortune this year.

Two hundred and twenty-seven women make the current list, up from 202 a year earlier. He's worth $7.2 billion.

While our Malaysian billionaires are nowhere near the likes of Bill Gates and Warren Buffet, it is notable that 12 of them were named in Forbes 2017 Billionaires List. Peterffy is worth $13.8 billion, coming in at No. 82 on the Forbes' list. At 32, Zuckerberg is the richest tech billionaire under age 40.

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