Forbes List 2016 Top 10 billionaires on earth

Forbes has released its annual list of world top billionaires, and this year, Forbes list 2016 features 1,810 billionaires, 16 persons down the 2015 list, and the combined wealth of $6.48 trillion.

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(Forbes)
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Crashing economies, higher dollar and oil price increase, left only 2 persons in their wealth positions in the top 20 rank, Bill Gates at number 1 and Warren Buffet at number 3.

 

Forbes has released its annual list of world top billionaires, and this year, Forbes list 2016 features 1,810 billionaires, 16 persons down the 2015 list, and the combined wealth of $6.48 trillion.

See 10 most richest men in the world play

See 10 most richest men in the world

(Forbes)

 

Read: Britain, Bill Gates unveil billion dollar initiative to fight disease

Bill gates, though had a bad year but maintained his spot as the world’s richest man with the net worth of $75 billion despite being $4.2 billion poorer than a year ago.

While 501 added to their fortunes while 892 people are poorer.

1. Bill Gates ($75 billion)

Bill Gates, American business magnate, computer programmer, philanthropist and co-founder of Microsoft leads the 2016 Forbes list with $75 Billion.

Gates has maintained his lead on the billionaire’s list for 3 years in a row and has topped the list 17 times out of 22 times he has made the list.

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2. Amancio Ortega ($67 billion)

Amancio Ortega is a Spanish fashion businessman, founding chairman of the Inditex fashion group, best known for its chain of Zara clothing and accessories retail shops.

Ortega replaced Mexico’s Carlos Slim to be become the second richest man in the world.

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3. Warren Buffet ($60.8 billion)

Termed the most successful investor on earth, Warren Buffet is an American business magnate, investor and philanthropist.

Read: See 2015 forbes list here

Buffet managed his position at the third place on the 2016 billionaire list same as the previous year.

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4. Carlos Slim Helu ($50 billion)

Carlos Slim Helú is a Mexican business magnate, investor, and philanthropist. He derived most of his wealth from his extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso.

Within 2010 and 2013, slim ranked as the world’s richest man in the world, in 2015 he ranked the second richest man in the world while Bill Gates ranked number 1.

Slim is also referred to the Warren Buffet of Mexico.

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(Forbes)

 

5. Jeff Bezos ($45.2 billion)

Jeff Bezos is an American technology entrepreneur, investor and CEO of Amazon.com

Mark Zuckerberg play

Mark Zuckerberg

(Forbes)

 

6. Mark Zuckerberg ($44.6 billion)

Mark Zuckerberg is an American computer programmer, Internet entrepreneur, philanthropist, the chairman, chief executive, and co-founder of the social networking website Facebook.

Read: 4 banks sanctioned last year for not complying to e-payment directive

Zuckerberg in 2015 was worth $35.7 billion.

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(Forbes)

 

7. Larry Ellison ($43.6 billion)

Larry Ellison is an American internet entrepreneur, businessman, philanthropist and serves as executive chairman and chief technology officer of Oracle Corporation

In 2014, Ellison was listed the third wealthiest man in American and fifth wealthiest in the world.

In 2015, Ellison was worth $49.3 billion, but has gone down to $43.6 billion making him the seventh richest man in the world.

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(theatlantic)

 

8. Michael Bloomberg ($40 billion)

Michael Bloomberg is an American business magnate, politician, and philanthropist. With a net worth of $41.1 billion, he is the 6th-wealthiest person in the United States and the 8th-wealthiest in the world.

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(Forbes)

 

9. Charles Koch and David Koch ($39.6 billion)

The Koch brothers own the Koch industries. Charles Koch is the chairman of the board and chief executive officer while his brother David Koch serves as the executive Vice President.

Read: Central Bank to award banks, merchants for contribution in cashless programme

Charles and David each own 42% of the conglomerate.

Forbes reports that 221 people dropped from the list, 198 people joined the billionaire ranks, 29 persons died, and 29 persons who had dropped out in the previous year climbed back on.

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