m3n4.net March 20, 2018

Richest People in the World

07 March 2018, 07:25 | Tara Lloyd

President Trump's worth has fallen by $400 million since taking over the White House according to Forbes


According to the Forbes 2018 Billionaires List, Kuok's fortune previous year was rated at US$14.5 billion (RM56.5 billion), although he is now worth US$15.4 billion at present market value.

Bezos knocked Microsoft founder Bill Gates to the No. 2 spot, after Gates spent four straight years on top.

Half of 10 richest people in the Fortune's list came from technology companies, while seven of them were from the US -based companies.

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Trump's estimated $3.1 billion is a far cry from Amazon CEO Jeff Bezos $112 billion

Forbes adds while Trump's $3.1 billion fortune is "a far cry" from the $10 billion-plus he once claimed, it still makes him the richest president in USA history. The 20 richest people on the planet are worth a staggering $1.2 trillion, a sum roughly equivalent to the annual economic output of Mexico.

Bezos, who also owns The Washington Post newspaper, is the first person to cross the $100 billion mark in assets, Forbes said.

Tesla Motors' CEO Elon Musk ranked 54th in the list with $19.9 billion.

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Americans lead the way with 585 billionaires, followed by mainland China with 373.

This year's list contains billionaires from 72 different countries and territories, with moguls from Zimbabwe and Hungary appearing on the ranking for the first time.

Turkey's business circle was represented with 36 people that are worth a record $64.7 billion.

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Other South Florida billionaires that made the top 10 are: Dirk Ziff of North Palm Beach, with $4.8 billion; and J. Christopher Reyes and Judith Reyes of Hobe Sound, with $4.7 billion each.

Forbes calculated that Bezos's fortune, which is mostly held in Amazon shares, increased by $39.2bn over the past year, the biggest ever one-year gain.

The Bezos milestone, revealed in Tuesday's release of Forbes' closely watched list, underscores the growing clout of both Bezos and the company that he founded in 1994 as an online bookstore.

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Mr Trump, the first billionaire president, stepped away from his businesses when he entered the White House, handing control to his two eldest sons, Don Jr. and Eric.

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