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A Lot of People Became Billionaires Last Year

21 March 2017

The president's fortune has dropped by approximately $1 billion since past year (roughly the price of one election), which caused him to sink DEEP in Forbes' latest ranking of the world's billionaires!

"The change in the number of billionaires - up 233 since the 2016 list - was the biggest in the 31 years that Forbes has been tracking billionaires globally".

Forbes said on Monday that the number of billionaires had jumped 13 per cent to 2,043 from 1,810 past year.

Alhough famed Silicon Valley executives Mark Zuckerberg and Larry Ellison are in the top 10 with $56 billion and $52.2 billion, respectively, the technology industry did not dominate the front end of the list. Gates' net worth was estimated at $86 billion, up from $75 billion in 2016, Forbes said in a statement.

The Microsoft co-founder has been named the richest person in the world 18 out of the past 23 years.

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Second on the list is US investor Warren Buffett, whose fortune increased by $14.8 billion over a year ago to $75.6 billion. For 2017, Michael Bloomberg ranked number 10 and the Koch brothers both shared the eighth spot.

The richest United Kingdom residents are the banking-to-cable television Hinduja family with a combined wealth of $15.4bn.

The US had the most billionaires with 565, while China was second with 319, and Germany was in the third spot with 114.

The majority of the world's billionaires are American, although the founder of Spanish clothing chain Zara, Amancio Ortega, was fourth with $71.3 billion.

Hart - a tow-truck driver turned investor - is worth US$9.5 ($NZ13.5b), and climbed the ranks from being the world's 178th richest person past year.

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The Asia-Pacific accounts for the most billionaires as a region - 720 of them.

Jeremy Jacobs, Sr., the owner of the Boston Bruins, was 402nd on the list with a fortune of $4.3 billion.

"Forbes' World's Billionaires list is a snapshot of wealth taken on February 17, 2017, when stock prices and exchange rates were locked in from around the world". His net worth jumped to $86 billion from $75 billion previous year.

Forbes attributed the drop in Trump's fortune to a slowdown in the midtown Manhattan real estate market.

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A Lot of People Became Billionaires Last Year