Executive Education

No Surprises Here: Gates, Buffet, Bezos, And Ortega Tops Forbes’ 2017 Rich List

For the fourth year in a row, Bill Gates ranks at No.1 on Forbes magazine’s 2017 list of billionaires, with a fortune worth $86 billion, up from $75 billion last year.

The title of 2nd richest went to Warren Buffet, with a fortune worth $75.6 billion, up from $60.8 billion last year.

The traditional bronze place went to Amazon’s Jeff Bezos, who accumulated an additional $27.6 billion to his fortune since last year.

The 4th spot on the list was bagged by the Spanish clothing chain Zara owner Amancio Ortega at $71.3 billion, Facebook’s Mark Zuckerberg came in 5th with $56 billion, and sixth place went to Carlos Slim Helu of Mexico.

Trump’s tumble:

Meanwhile, property mogul-turned-US-President Donald Trump fell several spots in the rankings to No. 544 with assets of $3.5 billion from his television and real estate holdings.

Last year, Trump ranked at No. 324 with $4.5 billion.

The ultra rich just keep getting richer – the top ten:

  1. Bill Gates (Microsoft co-founder): $86 billion
  2. Warren Buffett (US investor): $75.6 billion
  3. Jeff Bezos (Amazon founder): $72.8 billion
  4. Amancio Ortega (Inditex founder): $71.3 billion
  5. Mark Zuckerberg (Facebook founder): $56 billion
  6. Carlos Slim (Mexican magnate): $54.5 billion
  7. Larry Ellison (Oracle co-founder): $52.2 billion
  8. Charles Koch (US businessman): $48.3 billion
  9. David Koch (US businessman): $48.3 billion
  10. Michael Bloomberg (Bloomberg founder): $47.5 billion

The global billionaire population climbed nearly 13% from 1,810 to 2,043 over the past year – with an average net worth of $3.5 billion.

There are 277 women on the list, up from 202 last year.

The combined fortunes of this year’s billionaires totaled $7.67 trillion, up from $6.48 trillion in 2016.

The U.S. has the most billionaires, with 565, followed by China, with 319 and Germany with 114 billionaires.

Eight of the top ten on the list hail from the United States. Gates has claimed this title 18 out of the past 23 years. Overall, each billionaire had a richer year compared to the year prior. As many as 101 Indians, including 13 newcomers made it to the latest “The World’s Billionaires” list.

With a net worth of $23.2 billion, Mukesh Ambani is the highest-ranked Indian in the list, at No. 33. He is followed by Lakshmi Mittal (No. 56; $16.4 billion); Azim Premji (No. 72; $14.9 billion); Dilip Shanghvi (No. 84; $13.7 billion) and Shiv Nadar (No. 102; $12.3 billion), to round off the top 5 Indian entries in the list.

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Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is chief executive and editorial director of The CEOWORLD magazine, overseeing the organization’s news and features departments.

Under Dr. Amarendra's leadership, The CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders every day.

Dr. Amarendra holds a Ph.D. in Finance and Banking from the European Global School in France; a Doctoral Degree in Chartered Accountancy from the European International University Paris; and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine.

He earned his Master of Business Administration degree in Finance and his Master's Degree In Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States. Prof. Dr. Amarendra Bhushan Dhiraj is a macro-economist and visiting professor at Kyiv National University of Technologies and Design (KNUTD), Ukraine.

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