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21 March 2017, 12:46 | Bernard Bryant
The hotel at the Trump Turnberry golf resort in Turnberry Scotland. Trump's golf clubs are worth US$620m according to Forbes
The new Forbes 2017 Billionaires List suggests that there are more tech billionaires than ever before this year and together they own $1 trillion of the world's wealth.
According to Forbes, the change in the total number of billionaires - up 233 since last year - was the biggest increase in 31 years.
El Paso businessman Paul Foster moved up eight spots to No. 1,468 on the latest Forbes magazine list of the world's billionaires.
"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.
The rest of the list is pretty typical: Bill Gates once again tops the financial titans with a fortune of $86 billion.
Warren Buffett was second after his net worth rose by almost $15 billion, to $75.6 billion. Regionally, Asia-Pacific boasted the most billionaires, with 720 billionaires, followed by the United States with 565 and Europe with 530.
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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. Last year's list had 1,810 billionaires. "Lately, the neighbourhood has been struggling (relatively speaking)", it added.
The magazine also noted that he gave $66 million to his presidential campaign and paid $25 million to settle a lawsuit related to Trump University.
Forbes attributed the drop in Trump's fortune to a slowdown in the midtown Manhattan real estate market.
The highest ranking woman on the list was L'Oreal cosmetics shareholder Liliane Bettencourt, who was 14th with $39.5 billion (roughly Rs. 2,58,318 crores).
Fast-fashion magnate Amancio Ortega, who owns the Zara chain, is No. 4 with a net worth of $71.3 billion, while Facebook founder Mark Zuckerberg rounds out the top five with a net worth of $56 billion. The English edition of his autobiography, Making it Big, was published a year ago. But the list also contained 15 new "self-made" women, mostly from Asian countries, including Vietnam's Nguyen Thi Phuong Thao of budget airline VietJet air.
For the fourth time in a row, Bill Gates was named as the richest man in the world, with an estimated fortune of US$86b ($122b), while Warren Buffett came in at second place with a net worth of US$75.6b ($107b).
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