Bezos, Gates and Buffett still top the world's ultra rich list - VRGyani News and Media


Wednesday, March 6, 2019

Bezos, Gates and Buffett still top the world's ultra rich list

Jeff Bezos remains the world's richest person, ahead of Bill Gates and Warren Buffett, according to the latest Forbes list of the ultra wealthy, while far behind President Donald Trump jumped 51 spots in the ranking.

Facebook founder Mark Zuckerberg dropped three spots and former New York mayor Michael Bloomberg rose by two.

According to the list announced on Tuesday by Forbes, the riches of Bezos, 55, have swelled by $19 billion in one year and he is now worth $131 billion.

Bezos, who holds 16 per cent of Amazon and whose wealth now makes him a target of the left wing of the US Democratic Party, has widened the money gap between himself and Gates, the philanthropist and co-founder of Microsoft.

Gates, 63, has seen his wealth grow to $96.5 billion, up from 90 billion last year, said Forbes.
Third place is held by Buffett, 88 and long considered an investment guru, although he did get stung in late February by a deep plunge in shares of US processed food maker Kraft Heinz, in which he had a large stake.

The CEO of French luxury good company LVMH, Bernard Arnault, held on to fourth place. But Zuckerberg lost $9 billion in net worth and slipped from fifth to eighth.

Americans still dominate the list with 14 of the top 20 billionaires from the US.

Non-Americans among the top 20 include India's Mukesh Ambani, chairman of Reliance Industries, in 13th place, and China's Ma Huateng, head of the Chinese internet giant Tencent, who rounds out the top 20.
Forbes estimates Trump's wealth at $3.1 billion, unchanged from last year.

Trump's nine New York skyscrapers, including the famous Trump Tower on Fifth Avenue, account for nearly half of his wealth, while his clubs and golf courses are valued at $550 million.

But do you know?

Trump is not the richest US elected official: that honor goes to J.B. Pritzker, a Democrat who took office as governor of Illinois in January. Pritzker, heir to the Hyatt hotel fortune, was estimated to be worth $3.2 billion.

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