Audio By Carbonatix
It was a record year for the richest people on earth, as the number of billionaires jumped 13% to 2,043 from 1,810 last year, the first time ever that Forbes has pinned down more than 2,000 ten-figure-fortunes. Their total net worth rose by 18% to $7.67 trillion, also a record. The change in the number of billionaires -- up 233 since the 2016 list -- was the biggest in the 31 years that Forbes has been tracking billionaires globally. Gainers since last year’s list outnumbered losers by more than three to one.
Bill Gates is the number one richest for the fourth year in a row, and the richest person in the world for 18 out of the past 23 years. He has a fortune of $86 billion, up from $75 billion last year. Amazon’s Jeff Bezos had the best year of any person on the planet, adding $27.6 billion to his fortune; now worth $72.8 billion, he moved into the top three in the world for the first time, up from number five a year ago.
Warren Buffett had the second-best year, and the biggest gain since Donald Trump was elected president in November 2016. His $14.8 billion jump in 12 months was enough for him to grab back the number two spot from Amancio Ortega, founder of Spanish clothing chain Zara. Ortega’s fortune was up $4.3 billion since last year, but he still fell to fourth in the world, unable to keep up with the outsize gains of others.
Forbes via agencies.
Members of the 2017 Forbes list of billionaires, from top left: Chobani founder Hamdi Ulukaya, VietJet founder Nguyen Thi Phuong Thao, Bill Gates; from bottom left: Paytm founder Vijay Shekhar Sharma, Amazon.com's Jeff Bezos, Stripe co-founderCollison.
Facebook founder Mark Zuckerberg moved up to number five for the first time, after his fortune rose $11.4 billion in 12 months. Meanwhile Carlos Slim Helu of Mexico, once the world’s richest man, fell to number six, the first time he’s been out of the top five in a dozen years.
There were 195 newcomers. Mainland China had the most new ten-figure fortunes with 76. The U.S. was second with 25. Notable newbies include Patagonia sportswear founder Yvon Chouinard; Viking Cruises founder Torstein Hagen of Norway; U.S. hedge fund tycoon Cliff Asness and two of his partners; and John and Patrick Collison, Irish citizens who cofounded San Francisco-based Stripe, which enables online payments. John Collison, age 26, is now the world’s youngest self-made billionaire, just two months younger than Snapchat’s Evan Spiegel. The Collisons are two of just four self-made billionaires in their 20s (the other two are the Snapchat cofounders). There are 56 billionaires under age 40, down from 66 last year, after some aged out and others dropped below the $1 billion mark.
New Australian billionaire Manny Stul may not be a familiar name yet, but his popular Shopkins, grocery-inspired plastic collectibles with names like Kris P. Lettuce and Posh Pear, are a huge hit with American kids.
There are also 15 new self-made women, all but one of whom are from Asia Pacific. That includes 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 sole American self-made woman newcomer is Thai Lee, who was born in Thailand but moved to the U.S. as a child and now runs tech reseller SHI, reportedly the nation’s largest woman-owned business by sales. Altogether there are 227 women on list, including 10 who cofounded or own businesses with a spouse or a brother and thus share the fortune.
The U.S. continues to have more billionaires than any other nation, with a record 565, up from 540 a year ago. China is catching up with 319. (Hong Kong has another 67, and Macau 1.) Germany has the third most with 114 and India, with 101, the first time it has had more than 100, is fourth.
Seventy-eight people fell off the list, including 33 from China, 7 Americans and 9 who are still super wealthy but share their wealth among extended family members and therefore are not eligible for these ranks. Additionally, 20 billionaires died in the past year, including Enterprise car rental founder Jack Taylor and Michael Ilitch, who launched Little Caesar’s pizza with his wife, Marian.
Latest Stories
-
Survivors ‘nervous and sceptical’ about release of remaining Epstein files
31 seconds -
Eggs-traordinary success: Multimedia Group’s Christmas Egg Market sells out in record time as patrons demand extension
2 hours -
Galamsey crackdown: IMANI boss challenges Mahama to purge NDC of mining interests
3 hours -
636 new ‘Blue Water Guards’ deployed to frontlines of anti-galamsey war
3 hours -
Ghana to launch E-visa by Q1 2026
4 hours -
Failure to impeach Akufo-Addo over galamsey a national tragedy – United Party legal chief
4 hours -
Tetteh defeats Freezy Macbones in bite-scarred title clash
6 hours -
Ghana’s new envoy to U.S. and diaspora lawyers to launch ‘Law Day’ for citizens
7 hours -
“Look at this good-looking guy” – Trump welcomes Ghana’s Ambassador to the White House
8 hours -
Mahamud Iddi wins TCL Electronics worth GH¢100,000 in EGL’s Akye3de3 Kese3 Promotion
9 hours -
Lands Minister, NAIMOS mourn fallen soldier killed during anti-galamsey operation in Obuasi
9 hours -
Ghana Impact Project donates $20k to restore mobility for children
9 hours -
JoyNews’ Kwaku Asante named Best Radio and TV Journalist in Parliamentary Reporting
10 hours -
Education Ministry updates EMIS indicators to strengthen ICT integration in schools
11 hours -
Interior Ministry declares Christmas, Boxing Day and New Year’s Day public holidays
11 hours
