Billionaire David Rockefeller died today at age 101 just as 233 new billionaires pass the 9 digit threshold. Although I have sneaking suspicion POTUS Donnie is gonna go on a Twitter-fit about Forbes dropping his ranking over losses – PB/TK
Forbes billionaire list: Trump loses $1bn as elite club gets 233 new members – Rupert Neate Wealth correspondent March 20 2017
US president Donald Trump’s fortune has fallen by about $1bn to $3.5bn over the past year, as measured by Forbes magazine in its annual list of the world’s billionaires.
However, overall it has been a good 12 months for the world’s wealthiest individuals, with a record 233 moving into the billionaire bracket, taking the global number of people with nine-zero fortunes to 2,043 – the most in the 31-year history of the list.
The billionaires in Forbes’ list are worth a combined $7.67tn (£6.18tn) – more than three times the UK’s annual gross domestic product (GDP).
Kerry Dolan, co-editor of the Forbes billionaires list, published on Monday, said the gains are mostly the result of booming stock markets and the rising price of oil over the past 12 months.
Global markets have hit record highs due to the so-called “Trump bump” following Trump’s election, with the Dow Jones soaring above 20,000 points for the first time and the UK’s FTSE 100 closing at a record 7,415 points last week.
The fall in Trump’s net worth is due to a drop in the value of office space in Midtown Manhattan, where the president owns about 10 buildings. Forbes said Trump had fallen from the world’s 324th-richest person to 544th
Continue to theguardian.com article: https://www.theguardian.com/business/2017/mar/20/forbes-billionaire-list-trump-loses-1bn-as-elite-club-welcomes-233-new-members
