tinyfav.com June 21, 2018

Henry Sy still leads Filipinos on Forbes' 2018 billionaires list

07 March 2018, 11:50 | Myrtle Vega

Forbes Billionaires 2018: Meet The Richest People On The Planet

Savitri Jindal and Kiran Mazumdar-Shaw

The magazine lists more than 2,200 billionaires around the world who hold a combined net worth of $9.1 trillion, up 18% from a year ago.

Howard Jenkins, Publix Super Markets former chairman and son of Publix's founder George Jenkins, was on last year's list with a net worth of $1 billion, but didn't make the cut this time.

His rise knocks Microsoft founder Bill Gates, whose estimated wealth is $US90bn this year, up from $US86bn, into second place.

Bezos, who also owns The Washington Post newspaper, is the first person to cross the $100 billion mark in assets, Forbes said. Record results at his luxury goods empire LVMH and a deal to buy out almost all of Christian Dior helped boost Arnault's fortune by $30.5 billion. Last year, Pritzker ranked No. 3 in IL, with $3.4 billion. The founder and CEO of Tencent, China's Ma Huateng, who is known as Pony Ma, and Jack Ma, the CEO of Alibaba, are among the 20 richest people worldwide.

Mining mogul Gina Rinehart remains Australia's richest citizen with her iron ore wealth increasing from $US17.2 billion ($21.9 billion) to $US17.4 billion ($22.2 billion).

Mark Zuckerberg, the Facebook founder and boss, is fifth on $71bn.

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The estimate is well below Mr Trump's claim during the election campaign in 2015 that his net worth was "in excess of ten billion dollars".

Further, Walmart's Alice Walton became the top-ranking (#16) woman in the list with a net worth of $46 billion, followed by L'Oreal's Francoise Bettencourt Meyers (#18) and BMW's Susanne Klatten (#32).

Bezos moved atop the list by amassing a fortune of $112 billion, according to Forbes.

The improvement in Mr Bezos' fortune is the biggest on record.

Then latest Forbes World's Billionaires list released Tuesday says the drop is the result of New York City's struggling retail real estate business as well as Trump's "polarizing personality".

Globally, there are a record 2,208 billionaires on the Forbes list, representing 72 countries and territories including the first ever from Hungary and Zimbabwe.

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