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21 March 2017, 11:00 | Gladys Abbott
101 Indian billionaires on Forbes's list of world's richest people
As for U.S. president Donald Trump, he still made it into the world's billionaire's ranks with a net worth of US$3.5 billion, down by about US$1 billion compared to the past year.
President Donald Trump comes in on the list at No. 544, with a net worth of $3.5 billion.
Trump's dwindling net worth is going the other direction from many other billionaires during the past 12 months, who collectively saw their ranks swell to 2,043 worldwide with the addition of 233 newly minted billionaires, according to Forbes.
Jim Davis, the CEO of the Boston-based New Balance, finished in a tie for 315th place with a net worth of $7.1 billion. During the campaign he said that he was worth $8.7 billion and said a year ago in a personal financial disclosure form filed with the federal government that his net worth was "in excess of $10 billion". Three of the world's five richest people earned their fortunes in tech. His net worth was listed at $47.5 billion.
Robert Kraft, the owner of the New England Patriots, was 315th on the list, with a net worth of $5.1 billion. This is a slight drop from the 2016 list where Trump's fortune was listed at $3.7 billion. The combination of the two companies created a $74 billion company.
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Forbes' attributed his fall to the state of the Manhattan real estate market in which Mr Trump has invested a disproportionate amount of his fortune.
El Paso businessman Paul Foster moved up eight spots to No. 1,468 on the latest Forbes magazine list of the world's billionaires.
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. 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. Peterffly also topped the Florida billionaires' list in 2016.
Mr Gates' fortune was estimated at $75bn a year ago.
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Donald Trump drops on the Forbes Billionaires List
Warren Buffett had the second-best year, and the biggest gain since Donald Trump was elected president in November 2016. The Asia-Pacific claimed the most billionaires with 720, followed by the USA with 565 and Europe with 530.