Mar 20, 2017
Bill Gates tops Forbes' rich list but Trump's wealth slips
According to the magazine's annual rich list, Mr Gates' fortune rose to $86bn, from $75bn, followed by investor Warren Buffet, up $14.8bn to $75.6bn. It was bad news for US President Donald Trump, who slipped 220 spots to 544 and must now rub along on just $3.5bn. Forbes said the £1bn fall in his wealth was due to the slow US property market. There were 183 tech billionaires on the Forbes list, with a combined $1tn in wealth. The number of US billionaires on the list was 565, which Forbes attributed to the recent stock market surge since Mr Trump's November 2016 election. Forbes attributed the US president's slide down the list to the sluggish Manhattan property market, which is responsible for a disproportionate amount of his wealth. Bill Gates has topped the Forbes list for 18 out of the past 23 years.
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