Tuesday, 19 June, 2018

Six from Tampa Bay make list of Forbes billionaires; Bezos tops list

Mukesh Ambani with $40bn richest among 121 billionaires in India Forbes Forbes Billionaires 2018: Meet The Richest People On The Planet
Jan Cook | 07 March, 2018, 00:28

Bezos' 2017 is the biggest single year gain since Forbes began tracking the uber-wealthy back in 1987.

Thanks to a 59-percent rise in Amazon shares over the past 12 months, Bezos nearly doubled his fortune, taking it to $120 billion, way ahead of Gates s $90 billion - the biggest gap ever between the number one and two spots, Forbes said.

Mr Trump, the first billionaire president, stepped away from his businesses when he entered the White House, handing control to his two eldest sons, Don Jr. and Eric.

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).

Bernard Arnault from France had the second most profitable year behind Bezos, having upped his fortune to $30.5 billion over the past twelve months.

The list is published in Forbes's latest edition under the headline "The super-rich continue to get richer, widening the gap between them and everyone else".

At No. 5 is Facebook's Mark Zuckerberg, with an estimated $71 billion.

Former drug executive Martin Shkreli ordered to give up $7.36 million
Federal records state Shkreli must hand over up to $7,360,450 in assets for his role in defrauding investors. Now locked up after having his bond revoked in September, he is scheduled for sentencing on Friday.

Their collective worth is $9.1 trillion, an 18 percent increase from past year.

It said that Trump's net worth had fallen by $400m (£287m) to $3.1bn over the past year.

The business tycoon, with $3.1 billion is now ranked 766th this year, down from a 544th ranking last year.

According to Daily News, Trump Tower, the President's NY home, lost an estimated $41 million in value a year ago.

The US president was placed as the 544th richest person on the magazine's list previous year but has now dropped to 766th, with more than $400 million wiped off his wealth.

Trump reached a 25m dollar settlement in a legal dispute about claims that his Trump University real estate courses allegedly defrauded students.

Chinese entrepreneur Zhou Qunfei is the richest self-made woman on the list with a net worth of $7.8 billion.

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