Trumps Plunges More Than 200 Spots Down Forbes's Billionaire List

Five Austin Area Magnates Make Forbes Richest People List

There were 183 tech billionaires on the Forbes list, with a combined $1tn in wealth. Their average net worth is $3.75 billion, which means Trump is not even worth as much as the "average" billionaire.

Forbes has tracked Trump's net worth since 1982 and previous year he attained a personal high on the list with a ranking of 121.

"We list individuals rather than multigenerational families who share large fortunes, though we include wealth belonging to a billionaire's spouse and children if that person is the founder of the fortune", the magazine says.

Amazon CEO Jeff Bezos is the biggest dollar gainer on Forbes' 2017 World's Billionaires List, in a year when 56 percent of billionaires saw their fortunes increase.

President Donald Trump's week is not getting off to a good start, with him falling more than 200 spots on the Forbes world billionaires list and hearing that his election campaign is under FBI investigation.

This year was a record year for the world's super-wealthy, with a record of 2043 billionaires on the 30th anniversary of Forbes' guide to the world's richest people.

The developer-turned-politician, who ranked No. 336 previous year, fell further behind to Bill Gates, the list's perennial leader.


Compared to the guy at the top of the list, Bill Gates, though, it's chump change - he is estimated at $86 billion, and finds himself in the No. 1 spot for the fourth year in a row.

It was a different story for the newly minted US President Donald Trump, whose wealth shrunk to $US3.5 billion on the back of a softening NY property market.

The Asia-Pacific claimed the most billionaires with 720, followed by the USA with 565 and Europe with 530.

The highest ranking woman on the list was L'Oreal cosmetics shareholder Liliane Bettencourt, who was 14th with $39.5 billion.

Others are, Yoshiko Shinohara of Japan, who began a staffing firm to help women get into the workforce, Manny Stul of Australia, whose toy company created the Shopkins collectibles, American Yvon Chouinard, the founder of Patagonia, and Juan Francisco Vidal of Mexico, who's the chairman of tequila giant Jose Cuervo.

Most of the richest women inherited their fortune, Forbes said.

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