Bezos tops Forbes world's rich list as Trump wealth drops

President Trump falls more than 200 spots on Forbes Billionaires List	 	 	 			President Trump speaks at the White House

President Trump falls more than 200 spots on Forbes Billionaires List President Trump speaks at the White House

Gates, Zuckerberg, and Buffett are at least a $1 billion richer.

Bill Gates - Gates owes his $90 billion in net worth to Microsoft Corporation (NASDAQ:MSFT), which he founded back in 1975.

The other Indians on the list are the Hinduja family ($19.5 billion), Wipro Chairman Azim Premji ($18.8 billion), steel magnate Lakshmi Mittal ($18.5 billion), and HCL founder Shiv Nadar ($14.6 billion).

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 world's richest self-made woman is Hong Kong's Zhou Qunfei, founder of smartphone screen maker Lens Technology.

One person with a local connection has made the Forbes annual list of the richest people in the world.

Armenian recipe of democracy: parliament votes for only presidential candidate
Armenian President Sarksyan also faced vehement opposition from nationalists at home and the powerful Armenian diaspora overseas . Yelk, which holds 9 seats in the 105-member parliament, has also questioned his eligibility to serve as head of state.

The 71-year-old president, who became the first billionaire to serve in the Oval Office when he was inaugurated in January 2017, has a net worth of $3.1 billion, according to new estimates from Forbes.

All together, the billionaires on the list are worth $9.1 trillion.

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 previous year.

The magazine states the business tycoon's signature property, Trump Tower, fell in value by an estimated $US41 million ($52 million) past year, as a result of a rise in e-commerce.

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

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