Thursday, 19 April, 2018

Trump slumps on Forbes billionaires list

Here is the youngest billionaire of India Trump slumps on Forbes billionaires list
Nellie Chapman | 08 March, 2018, 18:30

Though most of the women at the top of the list inherited their fortunes, the number of self-made women reached 72 for the first time, up from 56 a year ago, Forbes said.

Nassif Sawiris also tops the list of the richest Arab businessmen this year, rising 10 places in the ranks compared to 2017, after the list excluded 10 Saudi Arabian businessmen, including Walid bin Talal, due to the lack of authentic information about their wealth, following their alleged involvement in corruption cases. This was followed by Ananda Krishnan (No. 217, US$7.2 billion), Tan Sri Quek Leng Chan (No. 217, US$7.2 billion), Tan Sri Teh Hong Piow (No. 289, US$6.0 billion) and Tan Sri Lee Shin Cheng (No. 321, US$5.6 billion). Cushioning his fortune with an extra $4bn since 2017, Gates was never going to fall too far on this list.

The magazine's Middle East edition said in a separate statement on Thursday that the wealth of Saudi billionaires was believed to have increased from $42.1 billion previous year due to the rise in oil prices and capital markets globally, but would be excluded due to the reported asset seizures.

Forbes magazine published on Tuesday its World Richest Arabs list for 2018, choosing for the first time to exclude Saudi billionaires following reports of assets seizure of almost 200 prominent Saudi royalties and businessmen in an anti- corruption purge.

Amazon CEO Jeff Bezos has become the first $100 billion mogul to top Forbes' annual rankings of the world's richest people.

Gates, who heads the world's biggest philanthropic organisation, the Bill and Melinda Gates Foundation, has donated a lot of his assets to charities. Photo: GettyWho is the second richest person in the world?

Anu Aga is the sixth richest Indian woman on the list, ranked 1,650th with a net worth of United States dollars 1.4 billion.

Paytm founder Vijay Shekhar Sharma is the youngest Indian to join the Forbes billionaire list.

Next is the biotech entrepreneur Kiran Mazumdar-Shaw at 629 with $3.6 billion.

Forbes Billionaires' list 2018 is finally out with India adding 19 new billionaires in 2018, taking the tally to 121 among 2,208 billionaires worldwide.

This list highlights the richest people in the world.

He has been ranked #1374 on the list.