Trump slips in billionaire ranking in turbulent year

New York - Donald Trump may be the Republican frontrunner for the White House, but he is slipping behind in the world billionaires race, Forbes magazine's new list of the planet's richest people shows.

Trump, who has made his enormous wealth a key selling point in his presidential bid, came in 324th in the magazine's 2016 ranking of the world's billionaires, which was published Tuesday.

That means that more than 200 billionaires have jumped ahead of the ever competitive real estate mogul since 2015 when he placed 121st on the annual list.

The magazine put Trump's net worth at an above average US$4.5 billion (S$6.31 billion), the same as last year but about half the US$10 billion fortune candidate Trump often claims to have amassed.

In other highlights, Microsoft co-founder Bill Gates is still ranked the world's richest person with an estimated net worth of US$75 billion, US$4.2 billion less than last year.

Among Asian billionaires, real estate tycoon Wang Jianlin was the highest-ranked at 18th, with a net worth of US$28.7 billion. He was just ahead of Hong Kong business magnate Li Ka-shing, who was 20th, while Alibaba founder Jack Ma was 33rd on the list.

Brothers Phillip and Robert Ng, whose family controls the Far East Organisation, were the top-ranked Singapore billionaires at number 151. However, their combined net worth of US$7.6 billion was lower than the US$8.7 billion last year.

Meanwhile, property tycoon Robert Kuok was Malaysia's richest, coming in at 103 on the list with a net worth of US$10 billion.

Forbes' 2017 world billionaires ranking

Facebook chief executive Mark Zuckerberg had the best year of all, adding US$11.2 billion to his fortune.

Forbes put the 31-year-old's net worth at US$44.6 billion, ranking him number six, just behind Amazon's Jeff Bezos (US$45.2 billion). It was the first time either of them made the top ten.

It hasn't been a banner year for billionaires, however.

According to Forbes, their number has slipped to 1,810, 16 fewer than last year, and their aggregate net worth shrank by US$570 billion to $6.48 trillion.

This is also the first year since 2010 that the average individual billionaire's fortune has dropped, settling at US$3.6 billion, US$300 million less than last year, it said.

A volatile stock market, cratering oil prices and the strong dollar have reshuffled the ranks of billionaires, the magazine said.

Only two held on to their previous year's rank - Gates, who has been number one for three straight years, and investor Warren Buffet, whose US$60.8 billion fortune put him in third place.

Mexico's telecoms magnate Carlos Slim slipped to fourth place, giving up second to retailer Amancio Ortega of Spain ($67 billion). Slim's fortune plunged from US$77.1 to US$50 billion.

Forbes said 221 people fell off the list altogether, replaced by 198 newcomers.

The youngest billionaire was 19-year-old Danish heiress Alexandra Andresen. Her 20-year-old sister Katharina is the second youngest on the list.

In all, 66 billionaires are under 40 years of age. The richest of the 190 women on the list was Liliane Bettencourt of France who was ranked 11th with US$36.1 billion, down from US$40.1 billion last year.

The United States is still the country with the most billionaires (540), followed by mainland China (251) and Germany (120).

Russia has 77 billionaires, Hong Kong 69, and Brazil 23, down from 31 last year.

50 richest people on the planet in 2016: Wealth-X

  • 50) Aliko Dangote

    Net worth: US$14.3 billion

    Age: 58

    Country: Nigeria

    Industry: Diversified investments

    Source of wealth: Self-made; Dangote Group

  • 49) James Simons

    Net worth: US$14.3 billion

    Age: 77

    Country: US

    Industry: Hedge funds

    Source of wealth: Self-made; Renaissance Technologies

  • 48) Laurene Powell Jobs

    Net worth: US$14.4 billion

    Age: 52

    Country: US

    Industry: Media

    Source of wealth: Inheritance; Disney

  • 47) Lei Jun

    Net worth: US$14.4 billion

    Age: 45

    Country: China

    Industry: Tech

    Source of wealth: Self-made; Xiaomi

  • 46) Charlie Ergen

    Net worth: US$14.5 billion

    Age: 62

    Country: US

    Industry: Media

    Source of wealth: Self-made; Dish Network

  • 45) Ray Dalio

    Net worth: US$16.3 billion

    Age: 66

    Country: US

    Industry: Hedge funds

    Source of wealth: Self-made; Bridgewater Associates

  • 44) Dilip Shanghvi

    Net worth: US$16.4 billion

    Age: 60

    Country: India

    Industry: Pharmaceuticals

    Source of wealth: Self-made; Sun Pharmaceutical Industries

  • 43) Azim Premji

    Net worth: US$16.5 billion

    Age: 70

    Country: India

    Industry: Technology

    Source of wealth: Inheritance/self-made; Wipro

  • 42) Len Blavatnik

    Net worth: US$16.7 billion

    Age: 58

    Country: US

    Industry: Diversified investments

    Source of wealth: Self-made; Access Industries

  • 41) Donald Bren

    Net worth: US$17 billion

    Age: 83

    Country: US

    Industry: Real estate

    Source of wealth: Self-made; Irvine Company

  • 40) Ma Huateng

    Net worth: US$17.1 billion

    Age: 44

    Country: China

    Industry: Technology

    Source of wealth: Self-made; Tencent Holdings

  • 39) Paul Allen Net worth: US$18.3 billion Age: 62 Country: US Industry: Diversified investments Source of wealth: Self-made; Microsoft
  • 38) Lee Shau Kee

    Net worth: US$18.5 billion

    Age: 87

    Country: Hong Kong

    Industry: Real estate

    Source of wealth: Self-made; Henderson Land Development

  • 37) Carl Icahn

    Net worth: US$18.7 billion

    Age: 79

    Country: US

    Industry: Diversified investments

    Source of wealth: Self-made; Icahn Enterprises

  • 36) Michael Dell

    Net worth: US$18.9 billion

    Age: 50

    Country: US

    Industry: Technology

    Source of wealth: Self-made; Dell

  • 35) Li Ka-shing

    Net worth: US$19.5 billion

    Age: 87

    Country: Hong Kong

    Industry: Diversified investments

    Source of wealth: Self-made; CK Hutchison Holdings

  • 34) Leonardo Del Vecchio Net worth: US$19.7 billion Age: 80 Country: Italy Industry: Eyewear Source of wealth: Self-made; Luxottica Group
  • 33) Dieter Schwarz

    Net worth: US$20.9 billion

    Age: 76

    Country: Germany

    Industry: Retail

    Source of wealth: Inheritance/self-made; Schwarz Gruppe

  • 32) George Soros

    Net worth: US$21.7 billion

    Age: 85

    Country: US

    Industry: Hedge funds

    Source of wealth: Self-made; Soros Fund Management

  • 31) Georg Schaeffler (left) Net worth: US$22.2 billion Age: 51 Country: Germany Industry: Manufacturing Source of wealth: Inheritance/self-made; Schaeffler Group
  • 30) Alwaleed bin Talal bin Abdul Aziz al Saud

    Net worth: US$22.5 billion

    Age: 60

    Country: Saudi Arabia

    Industry: Diversified investments

    Source of wealth: Inheritance/self-made; Kingdom Holding Company

  • 29) Sheldon Adelson

    Net worth: US$23 billion

    Age: 82

    Country: US

    Industry: Real estate

    Source of wealth: Self-made; Las Vegas Sands

  • 28) Carlos Slim Helù

    Net worth: US$23.5 billion

    Age: 75

    Country: Mexico

    Industry: Telecom

    Source of wealth: Self-made; Grupo Carso

  • 27) Mukesh Ambani

    Net worth: US$24.8 billion

    Age: 58

    Country: India

    Industry: Petrochemicals, oil, and gas

    Source of wealth: Inheritance/self-made; Reliance Industries

  • 26) Jorge Lemann

    Net worth: US$25 billion

    Age: 76

    Country: Brazil

    Industry: Diversified investments

    Source of wealth: Self-made; 3G Capital

  • 25) Phil Knight

    Net worth: US$25.7 billion

    Age: 77

    Country: US

    Industry: Retail

    Source of wealth: Self-made; Nike

  • 24) Steve Ballmer

    Net worth: US$25.3 billion

    Age: 59

    Country: US

    Industry: Tech

    Source of wealth: Self-made; Microsoft

  • 23) Jack Ma

    Net worth: US$26.5 billion

    Age: 51

    Country: China

    Industry: Technology

    Source of wealth: Self-made; Alibaba

  • 22) Stefan Persson

    Net worth: US$26.7 billion

    Age: 68

    Country: Sweden

    Industry: Retail

    Source of wealth: Self-made; H&M

  • 29) John Mars

    Net worth: US$28.6 billion

    Age: 80

    Country: US

    Industry: Candy

    Source of wealth: Inheritance; Mars Inc.

  • 29) Jacqueline Mars

    Net worth: US$28.6 billion

    Age: 76

    Country: US

    Industry: Candy

    Source of wealth: Inheritance; Mars Inc.

  • 29) Forrest Mars

    Net worth: US$28.6 billion

    Age: 84

    Country: US

    Industry: Candy

    Source of wealth: Inheritance; Mars Inc.

  • 18) Bernard Arnault

    Net worth: US$28.9 billion

    Age: 66

    Country: France

    Industry: Luxury goods

    Source of wealth: Inheritance/self-made; LVMH

  • 17) Liliane Bettencourt

    Net worth: US$29 billion

    Age: 93

    Country: France

    Industry: Cosmetics

    Source of wealth: Inheritance/self-made; L'Oreal Group

  • 16) Wang Jianlin

    Net worth: US$29.2 billion

    Age: 61

    Country: China

    Industry: Real estate

    Source of wealth: Self-made; Dalian Wanda Group

  • 15) Alice Walton

    Net worth: US$33.2 billion

    Age: 66

    Country: US

    Industry: Retail

    Source of wealth: Inheritance; Walmart

  • 14) Rob Walton

    Net worth: US$33.5 billion

    Age: 71

    Country: US

    Industry: Retail

    Source of wealth: Inheritance; Walmar

  • 13) Jim Walton

    Net worth: US$34.8 billion

    Age: 67

    Country: US

    Industry: Retail

    Source of wealth: Inheritance; Walmart

  • 12) Sergey Brin

    Net worth: US$37 billion

    Age: 42

    Country: US

    Industry: Technology

    Source of wealth: Self-made; Google

  • 11) Larry Page

    Net worth: U$38.5 billion

    Age: 42

    Country: US

    Industry: Technology

    Source of wealth: Self-made; Google

  • 10) Ingvar Kamprad

    Net worth: US$39.3 billion

    Age: 89

    Country: Sweden

    Industry: Retail

    Source of wealth: Self-made; IKEA

  • 9) Michael Bloomberg

    Net worth: US$42.1 billion

    Age: 73

    Country: US

    Industry: Financial services

    Source of wealth: Self-made; Bloomberg LP

  • 8) Mark Zuckerberg

    Net worth: US$42.8 billion

    Age: 31

    Country: US

    Industry: Technology

    Source of wealth: Self-made; Facebook

  • 7) Larry Ellison

    Net worth: US$45.3 billion

    Age: 71

    Country: US

    Industry: Tech

    Source of wealth: Self-made; Oracle

  • 6) Charles Koch

    Net worth: US$46.8 billion

    Age: 80

    Country: US

    Industry: Diversified investments

    Source of wealth: Inheritance/self-made; Koch Industries

  • 5) David Koch

    Net worth: US$47.4 billion

    Age: 75

    Country: US

    Industry: Diversified investments

    Source of wealth: Inheritance/self-made; Koch Industries

  • 4) Jeff Bezos

    Net worth: US$56.6 billion

    Age: 51

    Country: US

    Industry: Tech

    Source of wealth: Self-made; Amazon.com

  • 3) Warren Buffett

    Net worth: US$60.7 billion

    Age: 85

    Country: US

    Industry: Diversified investments

    Source of wealth: Self-made; Berkshire Hathaway

  • 2) Amancio Ortega

    Net worth: US$66.8 billion

    Age: 79

    Country: Spain

    Industry: Retail

    Source of wealth: Self-made; Inditex

  • 1) Bill Gates

    Net worth: US$87.4 billion

    Age: 60

    Country: US

    Industry: Tech

    Source of wealth: Self-made; Microsoft

World's 50 richest people according to Forbes

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