Thursday, 27 April, 2017

Shad Khan makes Forbes list of richest people on planet

Lots to discuss. Lots Lots to discuss. Lots
Lucas Bell | 21 March, 2017, 00:25

Bill Gates remains atop the list of the world's richest individuals with a personal fortune of $86 billion following the unveiling of Forbes 31st annual rankings of the globe's billionaires.

In Connecticut, Ray Dalio, the founder, chairman and chief investment officer of Westport hedge fund Bridgewater Associates, is worth the most, with a net worth of $16.8 billion.

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 $27.6bn rise in his fortune of $72.8bn.

Forbes said the $1bn fall in his wealth was due to the slow United States property market. Forbes ranks Trump as the world's 544th richest person, after coming in at No. 324 past year. Jim Davis, the CEO of the Boston-based New Balance, finished in a tie for 315th place with a net worth of $7.1 billion.

A familiar face fills the number five spot this year as Facebook's Mark Zuckerberg slotted in there with a fortune of €11.4bn and sixth place went to Carlos Slim Helu of Mexico who has been ranked outside the top five for the first time in over 12 years.

US President Donald Trump dropped dramatically to 544th spot, according to Forbes. "Lately, the neighbourhood has been struggling (relatively speaking)", it added.

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Forbes also said Trump's wealth was hit by $66 million in political spending on his successful presidential campaign, as well as $25 million to settle litigation he allegedly ripped off students at Trump University. Comey also dismissed the president's claim that President Barack Obama past year ordered that Mr. Trump be wiretapped.

The list, published Monday, tracked the mind-boggling fortunes of the world's elite and assesses the overall financial trends of the world's richest people.

The magazine estimated the worth of the Mar-a-Lago resort in Florida rose $25m due to post-election exposure.

HollywoodLifers, are you surprised Trump plummeted down so low on the list?

Amancio Ortega, the Spanish business tycoon best known for owning the Zara fashion label, came in fourth, making him the highest ranking non-American with an estimated fortunate of $71.3bn.

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