FORBES 2017 LIST OF BILLIONAIRES
Forbes 2017 list of the richest people on planet earth has just being released. It was a record year for the richest people in the world, as the number of billionaires jumped 13% to 2,043 from 1,810 last year, the first time ever that Forbes has pinned down more than 2,000 10-figure-fortunes. Their total net worth rose by 18% to $7.67 trillion, also a record. The change in the number of billionaires — up 233 since the 2016 list — was the biggest in the 31 years that Forbes has been tracking billionaires globally. Gainers since last year’s list outnumbered losers by more than three to one.
Related: Forbes 2016 Top 10 Richest People
Warren Buffett had the second-best year, and the biggest gain since Donald Trump was elected president in November 2016. His $14.8 billion jump in 12 months was enough for him to grab back the number two spot from Amancio Ortega, founder of Spanish clothing chain Zara. Ortega’s fortune was up $4.3 billion since last year, but he still fell to fourth in the world, unable to keep up with the outsize gains of others.
There were 195 newcomers. Mainland China had the most new 10-figure fortunes with 76. The U.S. was second with 25. Notable newbies include Patagonia sportswear founder Yvon Chouinard; Viking Cruises founder Torstein Hagen of Norway; U.S. hedge fund tycoon Cliff Asness and two of his partners; and John and Patrick Collison, Irish citizens who co-founded San Francisco-based Stripe, which enables online payments. John Collison, age 26, is now the world’s youngest self-made billionaire, just two months younger than Snapchat’s Evan Spiegel. The Collisons are two of just four self-made billionaires in their 20s (the other two are the Snapchat co-founders). There are 56 billionaires under age 40, down from 66 last year, after some aged out and others dropped below the $1 billion mark.
More on Forbes: Complete coverage of the World’s Billionaires List 2017
There are also 15 new self-made women, all but one of whom are from Asia Pacific. 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. The sole American self-made woman newcomer is Thai Lee, who was born in Thailand but moved to the U.S. as a child and now runs tech reseller SHI, reportedly the nation’s largest woman-owned business by sales. Altogether there are 227 women on list, including 10 who co-founded or own businesses with a spouse or a brother and thus share the fortune.
The U.S. continues to have more billionaires than any other nation, with a record 565, up from 540 a year ago. China is catching up with 319. (Hong Kong has another 67, and Macau 1.) Germany has the third most with 114 and India, with 101, the first time it has had more than 100, is fourth.
Seventy-eight people fell off the list, including 33 from China, 7 Americans and 9 who are still super wealthy but share their wealth among extended family members and therefore are not eligible for these ranks. Additionally, 20 billionaires died in the past year, including Enterprise car rental founder Jack Taylor and Michael Ilitch, who launched Little Caesar’s pizza with his wife, Marian.