10 Richest People In The World 2017
Please note this blog post was published over 12 months ago and so may not include the most up-to-date information, for example where regulation around investing has changed.
Bill Gates has retained his crown as the richest man in the world, with Forbes’ annual rich list putting him in the number one spot with $86 billion.
The list is dominated by American male individuals, with the tech industry providing 138 billionaires. Amazingly, there are now 2,043 billionaires in the world, which is a new record.
The US leads the way with 565 billionaires, China is second with 319, while Germany sits third with 114.
Here’s the top ten billionaires and their fortunes…
1. Bill Gates – $86 billion
The Microsoft founder is up from $75 billion. He remains an active philanthropist.
2. Warren Buffett – $75.6 billion
The legendary investor, known as the Oracle Of Omaha, is up by $14.8 billion. He has pledged to give away 99% of his wealth, and is famously frugal in his lifestyle.
3. Jeff Bezos – $72.8 billion
Amazon founder Jeff Bezos gained more than any other person this past year, with a $27.6 billion rise in his fortune. With online spending more easy and accessible than ever, alongside development of new technologies, Bezos is well placed to continue his wealth gain.
4. Amancio Ortega – $71.3 billion
Never heard of him? Amancio Ortega is a Spanish billionaire who founded the Inditex group, which owns fashion chains such as Zara.
5. Mark Zuckerberg – $56 billion
Mark Zuckerberg will ‘like’ his fortune of $56 billion. The Facebook co-founder is one of the many tech billionaires on this year’s Forbes list.
6. Carlos Slim – $54.5 billion
Mexican magnate Carlos Slim is worth $54.5 billion. His businesses include energy, manufacturing, transportation, and health care. Indeed, Slim has a conglomerate across many fields – his businesses account for 40% of listings on the Mexican Stock Exchange.
7. Larry Ellison – $52.5 billion
Oracle co-founder Larry Ellison is another billionaire philanthropist, having pledged in 2010 to give away 95% of his fortune to charity.
8. Charles Koch – $48.3 billion
As Chairman and CEO of Koch Industries, Charles Koch has worked alongside his brother to create a business that boasts a 100 billion yearly revenue. The manufacturing business claims to “create life’s daily essentials.”
9. David Koch – $48.3 billion
Executive VP of Koch Industries, David Koch is the wealthiest resident of New York City.
10. Michael Bloomberg – $47.5 billion
Founder of financial media, data and software company Bloomberg, Michael Bloomberg has also served as Mayor Of New York City.
Notes… This list is Forbes’ official ranking for 2017, which was finalised on February 17. Since that date, Forbes have reported that Amancio Ortega has seen his wealth increase by over $1.2 billion. He has overtaken Jeff Bezos for third place.
The list will fluctuate continuously, with these billionaires having so much wealth tied up in stocks, properties and all sorts of other investments.
A good example of fluctuations hitting wealth is President Donald Trump. His wealth is mainly tied up in Manhattan properties, and as the New York property market is down, his wealth is down significantly. Indeed, he dropped 220 places on this year’s Forbes list, from 336 to 544. His fortune is down from $4.5 billion to $3.5 billion.