Bill Gates again tops Forbes rich list; Trump slips 220 spots

Forbes said there were 195 new billionaires, adding that Mainland China had the most of that number with 76.

Goh Cheng Liang, who holds a 39 per cent stake in Japan’s Nippon Paint holdings, remains Singapore’s richest man with a net worth of US$6.5 billion and a ranking of 219 on the Forbes list.

“Bezos boasted at the 2016 shareholders meeting that Amazon is the fastest company ever to reach $100 billion in annual sales, which it cleared in 2015”, wrote Forbes.

Forbes released its annual list of the world’s billionaires Monday, and plenty of high earners with local connections made the list.

The meeting comes at a time of acute tension in the approaches of the U.S. President and the world’s richest man to worldwide development.

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.

The image from the brochure advertising Graeme Hart’s 107 metre superyacht, Ulysses. CEO from Dorchester, earned the 20th position with a net worth of $30.4 billion.

According to the Forbes billionaires list’s co-editor, Kerry Dolan, the increased profits are explained by the booming stock markets and rising oil prices.

Chandler is worth US$1.91b ($2.7b), a drop from US$2.45b ($3.5b) in 2016. Hank and Doug Meijer are the richest among them, with a combined net worth of $7.2 billion, according to Forbes.

US President Donald Trump fell from the world’s 324th richest person to 544th.

Rather, Trump’s net worth is down because about 40 percent of his wealth comes from real estate he owns in midtown Manhattan, including Trump Tower and eight other buildings within about a mile. “Lately, the neighborhood has been struggling (relatively speaking)”, Forbes explained.

Gates, the philanthropic co-founder of Microsoft Corp., was followed this year by Berkshire Hathaway Inc. There’s never been more and the group has never had so much wealth before.

Filipino banker and magnate George Ty and family came in 544th place while port and gaming mogul Enrique Razon Jr. and Jollibee’s Tony Tan Caktiong were tied at 564th spot.

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

US President Donald Trump saw his rank slide 220 spots on the list to 544, with his wealth now estimated at US$3.5 billion, a decline of US$1 billion from past year.