Trump loses $1bn, now 544th on Forbes billionaires list

The publication has published its famous list every year for 31 years; 2017 was the first Forbes' reported more than 2,000 billionaire fortunes worldwide.

The magazine's newest ranking, released Monday, estimated that Trump's net worth has fallen from $4.5 billion last year to $3.5 billion today, dropping him 220 spots on the magazine's list of billionaires, from No. 336 last year to No. 544.

Cook, 54, is among only three Hoosiers on the latest list.

Bezos, 53, has topped additional Forbes' lists, including its Most Powerful People (No.14 in 2016) and its Richest in Tech list (No.2 in 2016).

Jeff Bezos: The CEO and founder of e-commerce giant Amazon, Bezos' current net worth is $73.8 billion.

A familiar face fills the number five spot this year as Facebook's Mark Zuckerberg slotted in there with a fortune of €11.4bn and sixth place went to Carlos Slim Helu of Mexico who has been ranked outside the top five for the first time in over 12 years.

His net worth is $8.2 billion. Gates has been the richest person in the world for 18 out of the last 23 years. For the second year running France's Liliane Bettencourt, the L'Oreal cosmetics heiress, was the world's wealthiest woman with a $39.5bn net worth.

Neither the White House nor the Trump Organization, which Mr. Trump's sons have run since their father's inauguration, immediately responded to a request for comment on the Forbes list.

"Forty percent of Donald Trump's fortune is tied up in Trump Tower and eight buildings within one mile of it", according to Forbes.

Ortega's fortune was up $4.3 billion since past year, but he still fell to fourth in the world, unable to keep up with the outsize gains of others.

Warren Buffett, worth $75.6 billion, up from $60.8 billion in 2016, reclaimed the No. 2 slot, after a two-year hiatus. That includes 10 from China and the first ever from Vietnam, Nguyen Thi Phuong Thao, who took her budget airline, VietJet Air, public in February 2017.

For the fourth time in a row, Bill Gates was named as the richest man in the world, with an estimated fortune of US$86b ($122b), while Warren Buffett came in at second place with a net worth of US$75.6b ($107b).

  • Latoya Cobb