Forbes announces 2016 richest in the world

buzzz worthy. . .

Donald Trump is a rich, rich man.  In fact, he's  filthy rich, but Forbes Magazine may have inadvertently revealed the billionaire businessman is not worth as much as he claims.  Trump has repeatedly stated his wealth is at 10 billion.  However, in the  2016 issue of the world's richest, Trump is no wealthier than film maker George Lucas. 

With Bill Gates at #1, Koch brothers and Mark Zuckerberg make the Top 10 richest billionaires

George Lucas and Donald Trump tie at #324; Oprah's back on the list at 3 billion

NEW YORK  – Bill Gates (No. 1) was once again on top as the world’s richest person on FORBES’ 30^th annual ranking of the world’s billionaires in the Mar. 21, 2016 issue of Forbes magazine; the technology guru has topped the list for 17 of the last 22 years, with a current net worth of $75 billion, down from $79.2 billion in 2015. Spanish clothing retailer Amancio Ortega (No. 2) (best known for the Zara fashion chain), up two spots, increased his net worth $2.5 billion for a total of $67 billion. Warren Buffett (No. 3)remained in the third spot, despite having his net worth drop $11.9 billion to $60.8 billion. Telecom mogul Carlos Slim Helu (No. 4)dropped two spots, and his net worth decreased to $50 billion from $77.1 billion last year. Amazon’s Jeff Bezos (No. 5) moved up to the fifth from the fifteenth spot last year; his net worth increased to $45.2 billion.

Forbes’ Assistant Managing Editor of Wealth, Luisa Kroll, said “the 2016 billionaire ranks show a dynamic reshuffling of wealth around the globe. For the first time since 2009, we found fewer billionaires. But the story behind that headline is a more complicated one of massive upheaval, as 221 people fell off the list while 198 joined the ranks. There were big changes in the top 20 with Jeff Bezos and Mark Zuckerberg debuting among the 10 richest for the first time and the first person from mainland China, Wang Jianlin, moving into the top 20. There were also big swings among countries, with China continuing to make gains but other BRICs like Russia and Brazil losing big time.”

• 1,810 billionaires (down from 1,826 in 2015) made the list, with an average net worth of $3.58 billion (down $280 million from $3.86 billion in 2015).
• Added together, the total net worth for this year’s billionaires was $6.48 trillion, down from $7.05 trillion last year.
• 1,186 members, or roughly two-thirds of the list, were self-made billionaires. 228 inherited their wealth; another 396 inherited at least a portion but are still growing it.
• There was a scramble at the top of the list this year. Only 2 in last year’s top 20 held onto their ranks: Bill Gates (No. 1) and Warren Buffett (No. 3). Jeff Bezos (No. 5) and Mark Zuckerberg (No. 6) move into the top 10 for the first time. Wang Jianlin (No. 18) from China, with $28.7 billion, and Jorge Paulo Lemann (No. 19) from Brazil, with $27.8 billion, made it into the top 20 for the first time. Sheldon Adelson (No. 22) fell out of the top 20.
• The volatility in global markets had a significant effect on this year’s list.
Gainers/Losers
• The biggest gainer on the 2016 list is Mark Zuckerburg (No. 6), whose fortune is up $11.2 billion for a total net worth of $44.6 billion. He is the sixth richest in the world.
• The biggest loser was Carlos Slim Helú (No. 4), whose fortune dropped from $77.1 billion in 2015 to $50 billion this year.
Women
• The total number of women on the list is 190, down from 197 in 2015. Thirty-three women are self-made billionaires; the richest is Hong Kong newcomer Zhou Qunfei, whose Lens Technology went public in 2015.
• The U.S. boasts the most women billionaires on the 2016 list, with 65, followed by Germany with 27, and China with 13. Seven couples on the list share fortunes.
• Christy Walton (No. 258) is no longer the richest woman, as a result of a split family fortune. The richest woman on the list is now Liliane Bettencourt (No. 11) of France.
• Christy Walton’s (No. 258) net worth dropped by $36.5 billion to $5.2 billion due to new information obtained detailing how her fortune is split between her and her son, Lukas (No. 99) (worth $10.4 billion);Forbes calls this “a split fortune.”
Newcomers/Drop-Offs
• This year 198 billionaires were new to the list, down from the high of 290 newcomers in 2015.
• China had the most newcomers, adding 70 to the list. Thirty-three newcomers were from the U.S., 8 from India and 28 from Germany.
• Notable newcomers included the world’s youngest billionaires,Alexandra Andresen, 19, and her sister Katharina Andresen, 20 (both No. 1476) from Norway.
• Newcomers to the list include: U.K. theater producer Cameron Mackintosh (No. 1476); Pinterest cofounders Evan Sharp (No. 1695) and Ben Silbermann (No. 1121); WeWork cofounders Adam Neumann (No. 1198) and Miguel McKelvey (No. 1694); Flipkart cofounders Sachin Bansal and Binny Bansal (No. 1476) of India; and Cheng Wei (No. 1694), cofounder of ride-hailing firm Didi Kuaidi, a Chinese competitor to Uber.
• The industry with the most newcomers is manufacturing with 39 billionaires, followed by real estate and technology with 21 apiece.
• California has 131 billionaires, including 9 newcomers.
• China had the greatest number of drop-offs at 42.
• Sixty-six billionaires are under 40 this year.
• Notably missing from this year’s list was U.S. fashion designer Tory Burch, as the value of luxury fashion brands dropped.
• Another notable drop-off was Jim Koch, as the stock of his Boston Beer Co., owner of Sam Adams, fell.
• Michael Pearson dropped off the list as Valeant Pharmaceutical was hit by a string of scandals.
• Ingvar Kamprad, Ikea founder, once the fourth richest in the world, dropped off the list. He shifted his fortune to his three sons, all of whom now appear in the ranks.
• Altogether, 221 people dropped out of the rankings, while 29 passed away.
By Country
• The U.S. led with the greatest number of billionaires, with 540, followed by China with 251, Germany with 120, India with 84 and Russia with 77. California has 131 billionaires, including 9 newcomers, and more than any country besides the U.S. and China.
• Regionally, Asia-Pacific boasted the most billionaires, with 590 billionaires, followed by the United States with 540 and Europe with 489.
• There are billionaires from 67 countries and territories this year, compared to 70 last year. This year there are no billionaires from Guatemala, Kuwait, Lithuania, St Kitts and Nevis and Uganda.
• Wealth is stretching to new corners of the world, with one new country, Qatar, represented on the list.
Top 20
The Top 20 billionaires have a combined net worth of $826.5 billion, down from $899 billion in 2015.

RANK	NAME	NET WORTH	UP/DOWN FROM 2015	ORIGIN OF WEALTH	COUNTRY (by citizenship)
1	Bill Gates	$75 bil	Down	Microsoft	U.S.
2	Amancio Ortega	$67 bil	Up	Retail	Spain
3	Warren Buffett	$60.8 bil	Down	Berkshire Hathaway	U.S.
4	Carlos Slim Helú & family	$50 bil	Down	Telecom	Mexico
5	Jeff Bezos	$45.2 bil	Up	Amazon.com	U.S.
6	Mark Zuckerberg	$44.6 bil	Up	Facebook	U.S.
7	Larry Ellison	$43.6 bil	Down	Oracle	U.S.
8	Michael Bloomberg	$40 bil	Up	Bloomberg LP	U.S.
9	Charles Koch	$39.6 bil	Down	Diversified	U.S.
9	David Koch	$39.6 bil	Down	Diversified	U.S.
11	Liliane Bettencourt	$36.1 bil	Down	L’Oréal	France
12	Larry Page	$35.2 bil	Up	Google	U.S.
13	Sergey Brin	$34.4 bil	Up	Google	U.S.
14	Bernard Arnault	$34 bil	Down	LVMH	France
15	Jim Walton	$33.6 bil	Down	Wal-Mart	U.S.
16	Alice Walton	$32.3 bil	Down	Wal-Mart	U.S.
17	S. Robson Walton	$31.9 bil	Down	Wal-Mart	U.S.
18	Wang Jianlin	$28.7 bil	Up	Real Estate	China
19	Jorge Paulo Lemann	$27.8 bil	Up	Food & Beverage	Brazil
20	Li Ka-shing	$27.1 bil	Down	Diversified	Hong Kong

Methodology
The FORBES Billionaires list is a snapshot of wealth taken on Feb 12, 2016, when stock prices and exchange rates were locked in from around the world. It lists individuals rather than multigenerational families who share large fortunes. In some cases siblings and couples are listed together if the ownership breakdown among them isn’t clear; however, they still must be worth on average a minimum of $1 billion apiece to make the cut.