Trump drops 220 spots on the Forbes Billionaires List

Trump drops 220 spots on the Forbes Billionaires List

Trump drops 220 spots on the Forbes Billionaires List

He ranked 717th on the latest list, down from 612th a year ago. For 2017, Michael Bloomberg ranked number 10 and the Koch brothers both shared the eighth spot.

The number of billionaires in the world hit a record high past year, with more than 2,000 people holding the distinction, Forbes revealed in its annual list of the world's billionaires released on Monday. During the campaign he said that he was worth $8.7 billion and said past year in a personal financial disclosure form filed with the federal government that his net worth was "in excess of $10 billion".

There are no surprises at the top with Microsoft co-founder Bill Gates at number one for the fourth year in a row.

Elsewhere in the rankings, financial magnates with local origins and business leaders associated with Massachusetts-based companies were among the record 2,047 billionaires on this year's list. Their average net worth is $3.75 billion, which means Trump is not even worth as much as the "average" billionaire. Bezos' net worth surged by $27.6 billion to $72.8 billion, lofting him to third place among the world's richest.

The "Oracle of Omaha", Warren Buffett, reclaimed the second spot on the list, after a two-year hiatus, as his net worth rose to $75.6 billion, up from $60.8 billion in 2016.

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Jung-A seemed more relaxed about it, saying she only hopes that people just enjoy the video and don't squabble about the issue. What left Kelly "pretty uncomfortable", however, was the internet's assumption that his wife was the children's nanny.

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"Forbes' World's Billionaires list is a snapshot of wealth taken on February 17, 2017, when stock prices and exchange rates were locked in from around the world".

The decline in Trump's net worth is due to a drop in the value of office space in Midtown Manhattan, according to the Guardian. "What happens in that micromarket does more to affect the net worth of Donald Trump than anything else in the world".

"We list individuals rather than multigenerational families who share large fortunes, though we include wealth belonging to a billionaire's spouse and children if that person is the founder of the fortune", the magazine says.

The top 20 billionaires have a combined net worth of $938.4 billion, up from $826.5 billion in 2016.

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