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New York: Microsoft Co-founder Bill Gates once again topped the Forbes magazine list of the world’s richest billionaires, while US President Donald Trump slipped more than 200 spots, the magazine said on Monday.

Gates, whose wealth is estimated at USD 86 billion, led the list for the fourth straight year. 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.

Buffett’s wealth was estimated at USD 75.6 billion. Others in the top 10 included Amazon founder Jeff Bezos at number three, Facebook creator Mark Zuckerberg at number five and Oracle co-founder Larry Ellison at number seven.

The global billionaire population jumped 13 percent from last year to 2,043, the biggest annual increase in the 31 years since the magazine began compiling the list, Forbes said.

The US led countries with the most billionaires with 565, a product of the swelling value of the American stock market since Trump’s November 2016 election. China was second with 319 billionaires, and Germany was third with 114.

Trump himself slipped 220 spots on the list to number 544 with an estimated USD 3.5 billion. Forbes attributed Trump’s drop to sluggishness in the Manhattan real estate market which is responsible for a disproportionate amount of his wealth.

“Forty percent of Donald Trump’s fortune is tied up in Trump Tower and eight buildings within one mile of it,” Forbes said. “Lately, the neighborhood has been struggling (relatively speaking).”

Among others in the Forbes top 10, Amancio Ortega of Spanish apparel chain Zara was fourth, Mexican telecom tycoon Carlos Slim was sixth, the Koch brothers, Charles and David, were eighth and ninth and former New York City mayor and Bloomberg News founder Michael Bloomberg was 10th.

This year it took at least USD 3.7 billion in wealth to make it onto the list, but only in a tie for 501th place, a group that included Hollywood director Steven Spielberg.

Tech billionaire Bill Gates is meeting with President Donald Trump to discuss progress in programs for global health and development as well as domestic education.

Gates, who as the co-founder of Microsoft is the world’s wealthiest man, will highlight the “indispensable role that the United States has played in achieving these gains,” his foundation said in a statement.

Monday’s meeting comes just days after the administration submitted a budget blueprint that cuts foreign aid.

The Trump administration’s budget message said it was time “to prioritize the security and well-being of Americans” and “ask the rest of the world to step up and pay its fair share.”

Bill Gates Tops ‘Forbes’ 2017 Rich List, Trump Slips 220 Places

Microsoft founder Bill Gates is once again crowned the richest person on Earth as Forbes reveals its 2017 rich list. The full list reveals the number of global billionaires rose 13 percent to 2,042, the biggest annual increase since the magazine began compiling the list.

According to Forbes, Gates’s fortune rose to $86bn, from $75bn, shortly followed by investor Warren Buffett, up $14.8bn to $75.6bn. Others in the top 10 include Amazon founder Jeff Bezos (number three,) Facebook founder Mark Zuckerberg (number five,) Oracle co-founder Larry Ellison (number seven,) and others.

The list, once again dominated by US billionaires, wasn’t good news for everybody. President Donald Trump slipped 220 spots to 544 and must now somehow make ends meet with just $3.5bn.

Check out the top ten below, then head over to Forbes for the full list.

1. Bill Gates, Microsoft, USA — $86 Billion USD
2. Warren Buffett, Berkshire Hathaway, USA — $75.6 Billion USD
3. Jeff Bezos, Amazon.com, USA — $72.8 Billion USD
4. Amancio Ortega, Zara, Spain — $71.3 Billion USD
5. Mark Zuckerberg, Facebook, USA — $56 Billion USD
6. Carlos Slim Helo, telecom, Mexico — $54.4 Billion USD
7. Larry Ellison, software, USA — $52.2 Billion USD
8. Charles Koch, diversified, USA — $48.3 Billion USD
9. David Koch, diversified, USA — $48.3 Billion USD
10. Michael Bloomberg, Bloomberg LP, USA — $47.5 Billion USD

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