Billionaire Gates meets with Trump to talk foreign aid

Posted April 01, 2017

The magazine also notes that he gave $66 million to his presidential campaign and paid $25 million to settle a lawsuit related to Trump University.

Microsoft co-founder Bill Gates once again topped the Forbes magazine list of the world's more than 2,000 billionaires, while U.S. President Donald Trump slipped more than 200 spots, the magazine said on Monday.

Forbes said most of the richest women inherited their fortune.

"Booming stock markets, higher commodities prices and plain old-fashioned entrepreneurship helped make this a record year in terms of wealth creation around the globe", Forbes editors Luisa Kroll and Kerry Dolan said.

This year it took at least United States dollars 3.7 billion in wealth to make it onto the list, but only in a tie for 501th place, a group that included Hollywood director Steven Spielberg.

And finally, coming in at number one, with a net worth of $86 billion, is Microsoft founder Bill Gates.

How many girls on the list increased to 227 from 202, giving them a combined net worth of $852.8bn.

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Others in the top 10 included Amazon founder Jeff Bezos, who moved up to number three with the biggest gain of any person on the planet, a $27.6 billion rise in his fortune of $72.8 billion.

The list, once again dominated by U.S. billionaires, wasn't good news for everybody.

"Midtown Manhattan real estate is down; therefore, so is Donald Trump's fortune", Forbes said.

Others in the top ten, which is heavily dominated by Americans in the technology sector, were Facebook founder Mark Zuckerberg, at number five, Oracle co-founder Larry Ellison at number seven and Amazon's founder Jeff Bezos.

- The change in the total number of billionaires - up 233 since last year - was the biggest increase in 31 years. "Lately, the neighbourhood has been struggling". He ranked No. 501 in the Forbes' list. For the 2nd year running France's Liliane Bettencourt, the L'Oreal cosmetic heiress, was the world's most affluent girl using a $39.5bn net worth. The 93-year-old billionaire is has a net worth of US$11.4 billion.

The US president also would have missed the big stock market rally following his election, "assuming Trump sold off all of his stocks during last year's campaign, as he has claimed", the magazine said. The only other woman in the top 20 was Alice Walton, only daughter of Wal-Mart Stores founder Sam Walton. This year's list saw 15 new self-made women billionaires, including 10 from China and the first ever from Vietnam, Nguyen Thi Phuong Thao, who took her budget airline, VietJet Air, public in February 2017, the Forbes report noted.