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The Richest People in 2016

  • VOA News

FILE - Bill Gates talks to reporters about the 2016 annual letter from the Bill and Melinda Gates Foundation in New York, Feb. 22, 2016. The Microsoft founder again topped the Forbes list of richest people.

FILE - Bill Gates talks to reporters about the 2016 annual letter from the Bill and Melinda Gates Foundation in New York, Feb. 22, 2016. The Microsoft founder again topped the Forbes list of richest people.

Forbes magazine has published its 2016 list of the richest people in the world, a slightly shorter compilation than last year, but still a roster of men and women with enormous wealth.

Microsoft founder Bill Gates, whose estimated net worth was $75 billion in mid-February, again tops the list of billionaires.

Spanish clothing retailer and founder of the Zara brand of stores, Amancio Ortega, came in second with a net worth of $67 billion.

The American investment guru Warren Buffet ranked third with a net worth of $60.8 billion.

The richest woman on the list is cosmetics founder Liliane Bettencourt, worth an estimated $36.1 billion from the L’Oreal company.

Youngest on the list is Norwegian investor Alexandra Andresen, who at 19 is worth $1.2 billion. She ranked 1,476 out of 1,810 entries on the list.

The oldest billionaire is David Rockefeller Sr., whose fortune comes from oil and banking. At 100 years old, he is estimated to be worth $3 billion, ranking him at 569 on the list.

US ranks first

The United States still leads the world in the billionaires' list, with 540. China ranks second, with 251 billionaires, a gain of 70 in the past year.

Real-estate investor Donald Trump, a dominant figure in American presidential politics this year, ranked 324th on the worldwide list. Forbes estimated his net worth at $4.5 billion.

Forbes, which has been compiling lists of the world's wealthiest people for 30 years, said 221 former billionaires fell off the list this year when their net worth in U.S. dollars declined to a mere nine-figure sum. Meanwhile, 198 newly minted billionaires joined the list.

Most of those on the world's-wealthiest list have been there for at least two years. Of them, Forbes said 892 lost money during the past 12 months, while 501 of the richest got even richer.

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