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emfizz.com March 23, 2017


The Forbes billionaires list features a number of wealthy locals

21 March 2017, 11:09 | Jan Cross

Reliance Industries Ltd chairman Mukesh Ambani

Reliance Industries Ltd chairman Mukesh Ambani

Forbes has tracked Trump's net worth since 1982, and previous year he attained a personal high on the list with a ranking of 121.

Forbes has just released its latest report on the world's billionaires and it might surprise you to know that 12 Malaysians have made it on that exclusive list.

Also on the list are 15 new self-made women, all but one of whom are from Asia-Pacific, Forbes said.

Also on the list is veteran banker Wee Cho Yaw, who has a net worth of US$5 billion, as well as Hong Leong Group chairman Kwek Leng Beng, with a net worth of US$2.7 billion.

Mr Gates, whose wealth is estimated to be around $86bn, beat second-placed Berkshire Hathaway chief executive Warren Buffett, whose fortune was cited to be around $75.6bn.

Spanish clothing retailer Amancio Ortega (the founder of the Zara fashion chain) dropped to No. 4, despite his net worth increasing to $71.3 billion.

With the continuous growth of DoubleDragon Properties, Edgar Sia became the youngest Filipino to be included in this year's list, landing at the 1940 place with a net worth of $1 billion.

He ranked No. 1,476 in last year's list.

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India is home to 101 billionaires, the first time it has has more than 100 super rich individuals.

Forbes ranks Trump as the world's 544th richest person, after coming in at No. 324 past year.

The list, published Monday, tracked the mind-boggling fortunes of the world's elite and assesses the overall financial trends of the world's richest people. His younger brother Anil is ranked 745th with a net worth of $2.7 billion.

The 2017 list of the world's richest people as compiled by Forbes is out, with 233 new billionaires among 2,043 listed by the magazine.

Central Texas' own tech giant, Michael Dell, 52, is the richest person in the Austin-area, coming in at No. 38 with a net worth of $20.4 billion.

The biggest gainer on the 2017 list is Amazon's CEO Jeff Bezos (No. 3), whose fortune increased by $27.6 billion for a total net worth of $72.8 billion. It was followed by 319 in China, 114 in Germany and 101 in India.

Trump has disputed Forbes' estimates in the past, particularly regarding the worth of his brand which - unlike real estate - is more hard to value.



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