emfizz.com March 23, 2017

A Lot of People Became Billionaires Last Year

21 March 2017, 12:28 | Terri Saunders

JOE SKIPPER REUTERS Trump Towers in Florida are part of Trump's real estate portfolio outside New York valued at US$630 million

Trump Towers in Florida are part of Trump's real estate portfolio outside New York valued at US$630 million

It was the first time ever that Forbes pinned down more than 2000 ten-figure-fortunes of the billionaires. He's followed by his good friend and investment guru Warren Buffett (US$75.6b), and Amazon founder Jeff Bezos (US$72.8b). Kraft finished at the top of the rankings among Boston sports owners, beating Bruins owner Jeremy Jacobs ($4.3 billion, 402nd) and Red Sox owner (as well as owner and publisher of Boston Globe Media, the parent company of Boston.com) John Henry, who ranked 814th with a net worth of 2.5 billion.

South Florida is home to some very rich people, including Carnival Corp. chairman Micky Arison of Miami and the new U.S. Secretary of Commerce Wilbur Ross Jr. of Palm Beach. That was enough to move Bezos to third on the list from fifth previous year.

The yacht features a pool and jacuzzi on the deck, restaurant-quality dining, a gym, a movie room, pool table and all the necessary watersports equipment.

Buffett now holds a net worth of $77.3 billion and made this year's list at No.2.

New Zealand's second richest man, Richard Chandler, was ranked at No 1098. And unlike Trump, Gates says his goal is to give every last dollar of that away to charitable causes through the Bill and Melinda Gates Foundation.

The 31st annual list, released by Forbes on Monday, has a record 2,043 billionaires.

SAS revenues, meanwhile, grew 1.2 percent to $3.2 billion in 2016.

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While Trump's fortune is estimated to be down, Forbes said the average billionaire's fortune has grown by 16 per cent since the publication of the last edition of the rich list.

The two also spoke at Trump Tower in December as the then president-elect was selecting members of his cabinet. "Lately, the neighbourhood has been struggling (relatively speaking)", it added.

Microsoft co-founder and philanthropist Bill Gates topped this year's rich list for a fourth consecutive year, with an estimated fortune of around $86bn.

Rising oil prices are also cited another key reason for the rise in the fortunes of some other of the wealthy people on the Forbes list.

While Gates didn't endorse a candidate in the 2016 presidential election, his foundation was one of the largest donors to the Clinton Foundation, giving more than US$25 million to the charity run by Bill, Hillary and Chelsea Clinton.

Gina Rinehart is the daughter of late iron-ore developer Lang Hancock.

Forbes attributed Trump's drop to sluggishness in the midtown Manhattan real estate market which is responsible for a disproportionate amount of his wealth.

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