Trump's fortune drops $1B since previous year, Forbes says

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As the New York's real estate market has slowed, Forbes began downgrading Trump's net value past year, saying in October that his net worth was down to $3.7 billion. Jones ranked No. 11 in Texas, with a $5.2 billion net worth.

Other notable newcomers to the list include: Australian Manny Stul, whose toy company created the popular Shopkins collectibles; American Yvon Chouinard, the founder of outdoor gear maker Patagonia; and Juan Francisco Beckmann Vidal of Mexico, who is chairman of tequila maker Jose Cuervo. Bezos' net worth surged by $27.6 billion to $72.8 billion, lofting him to third place among the world's richest. This is a slight drop from the 2016 list where Trump's fortune was listed at $3.7 billion.

Indiana's richest man got much wealthier over the past year, according to calculations released Monday by Forbes magazine.

In Connecticut, Ray Dalio, the founder, chairman and chief investment officer of Westport hedge fund Bridgewater Associates, is worth the most, with a net worth of $16.8 billion.

There are 183 tech billionaires in all with a combined $1 trillion in wealth, Forbes said.

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Forbes' 30th annual list included a record number of billionaires, with the number jumping 13 percent, to 2,043. It acknowledges some fortunes may have changed considerably even since then and that sorting out one's net worth is more complex when it is tied to a family fortune. "Lately, the neighbourhood has been struggling (relatively speaking)", Forbes said.

Fast-fashion magnate Amancio Ortega, who owns the Zara chain, is No. 4 with a net worth of $71.3 billion, while Facebook founder Mark Zuckerberg rounds out the top five with a net worth of $56 billion. But the list also contained 15 new "self-made" women, mostly from Asian countries, including Vietnam's Nguyen Thi Phuong Thao of budget airline VietJet air.

The magazine estimated the worth of the Mar-a-Lago resort in Florida rose $25 million due to post-election exposure.

For the fourth time in a row, Bill Gates was named as the richest man in the world, with an estimated fortune of US$86b ($122b), while Warren Buffett came in at second place with a net worth of US$75.6b ($107b).

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