Number of Billionaires Around the World Rises 13% in 2017

Bill Gates is the richest person in tech

Compared to the guy at the top of the list, Bill Gates, though, it's chump change - he is estimated at $86 billion, and finds himself in the No. 1 spot for the fourth year in a row.

Top on the Singapore's list again are property magnates Robert and Philip Ng, the brothers who own hotel and mall conglomerate Far East Organisation and Sino Land. His position on the Forbes' ranking dropping 220 spots, leaving him tied with 19 others as the 544th richest person in the world.

He was followed by Berkshire Hathaway chief Warren Buffett among the top 10 billionaires, a group heavily dominated by Americans, many of whom work in the technology sector. This is the first time that the count of Indian billionaires has crossed the 100 mark.

Coming in at 17th on the CT list and 1,940th on the global list is William Macaulay of Greenwich, with a net worth of $1 billion.

Leon Cooperman, 73, of Short Hills, the founder of the Omega Advisors hedge fund, with a net worth of $3 billion and a ranking of 660. Germany and India have the third and fourth most billionaires, respectively. Bezos has been the biggest gainer since his wealth was only $27.6 billion in last year's list.

He was followed by Zara boss Amancio Ortega with US$71.3b ($101b), and then Facebook founder Mark Zuckerberg in fifth place with an estimated value of US$69.1b ($98b).

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The $14.8bn jump in his wealth comes in the year Donald Trump was elected US President, leading to an equity rally in the US and other developed markets.

Their average net worth is $3.75 billion, which means Trump is not even worth as much as the "average" billionaire, CNN added.

The extensive Forbes list features 2,043 billionaires with an average net worth of $3.5 billion. He is also the oldest among Malaysian billionaires, at age 93. "We also made great sacrifices".

Forbes attributed Trump's drop to sluggishness in the midtown Manhattan real estate market which is responsible for a disproportionate amount of his wealth.

The Asia-Pacific claimed the most billionaires with 720, followed by the USA with 565 and Europe with 530. The total net worth of 2017′s billionaires increased by 18% from a year ago, netting at $7.67 trillion United States dollars, also a record.

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