Saturday, 20 October, 2018

Illinoisans on Forbes list of world's billionaires

Trump's fortune has dropped by $400m according to Forbes Trump's fortune has dropped by $400m according to Forbes
Andrew Cummings | 07 March, 2018, 11:48

The combined wealth of the world's billionaires stands at $9.1 trillion, up 18% from past year, while the average net worth is also a record $4.1 billion.

Unlike Forbes, which made its calculations based partly on stock wealth on February 9 this year, Bloomberg updates its billionaires list every day.

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

"The last time Trump's net worth was this low on the global billionaires' list was in 2012, when we put his net worth at $2.9 billion", Alexander said.

Tycoon John Gokongwei of the JG Summit group and family ranked second in the Philippines and 305th worldwide with $5.8 billion.

Chinese gains: The top 20 included two new entries from China: Alibaba founder Jack Ma and the richest person in Asia, Ma Huateng, who is CEO of the Chinese internet company Tencent.

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Liverpool up to second, Son rises as Spurs cruise
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He told Marr: "What Theresa May is doing is trying to dance on the head of a pin that simply doesn't exist". The issue is holding up agreement on Britain's exit terms and a transition deal.

Among the Indian women on the list, Savitri Jindal and family is the richest with a fortune of United States dollars 8.8 billion. The combined net worth of this elite group is a whopping $9.1 trillion, up 18 per cent since previous year.

Reliance Industries chairman Mukesh Ambani is featured in the Forbes list at 19th place with assets valued at $ 40.1 billion. (NASDAQ:AMZN) CEO now has a net worth of $112 billion and is from the U.S.

You got your Bezos, Buffett, Bloomberg, and Brin, as well as the Koch Brothers, Bill Gates, Larry Ellison, and Mark Zuckerberg. In fact, all of the top ten billionaires were men. The U.A.E. with 7 entries, has the highest number of billionaires from any country, followed by Egypt with six billionaires.

The 10 richest Indians include Kumar Birla, ranked 127th overall with a fortune of $ 11.8 billion, Uday Kotak (143, $10.7 billion), Radhakishan Damani (151, $10 billion), Gautam Adani (154, $9.7 billion) and Cyrus Poonawalla (170, $9.1 billion).

Forbes says Mr Bezos has seen his fortune climb to more than $112bn in the a year ago, but Donald Trump's wealth has decreased.

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