Top 10 World’s Billionaires
The World’s Billionaires is an annual ranking of the world’s wealthiest people, compiled and published by the American business magazine Forbes every March. The total net worth of each individual on the list is estimated, in United States dollars, based on their assets and accounting for debt. Royalty and dictators whose wealth comes from their positions are excluded from these lists.
The list has been published annually in March since 1987.[2] Microsoft founder Bill Gates has topped the list 17 of the past 22 years, including the 2016 list.[3] In 2015, there was a record of 1,826 people on the list that included a record 290 newcomers with 71 from China, 57 from the US, 28 from India and Germany with 23. People under 40 had 46 join the list. A record of 197 women were on the list.[4] The average net worth of the listed came in at US$3.86 billion, down US$60 million from 2014. Added together, the total net worth for 2015’s billionaires was US$7.1 trillion, up from US$6.4 trillion in 2014
Methodology
Each year, Forbes employs a team of more than fifty reporters from a variety of countries to track the activity of the world’s wealthiest individuals.[7] Preliminary surveys are sent to those who may qualify for the list. According to Forbes, they received three types of responses – some people try to inflate their wealth, others cooperate but leave out details, and some refuse to answer any questions.[8] Business deals are then scrutinized and estimates of valuable assets – land, homes, vehicles, artwork, etc. – are made. Interviews are conducted to vet the figures and get a better idea of an individual’s holdings. Finally, positions in publicly traded stock are priced to market on a date roughly a month before publication. Privately held companies are priced by the prevailing price-to-revenues or price-to-earnings ratios. Known debt is subtracted from assets to get a final estimate of an individual’s estimated worth in United States dollars. Since stock prices fluctuate rapidly, an individual’s true wealth and ranking at the time of publication may vary from their situation when the list was compiled.[7]
Family fortunes dispersed over a large number of individuals are included only if those individuals’ holdings are worth more than a billion dollars. However, when a living individual has dispersed his or her wealth to immediate family members, it is included under a single listing provided that individual is still living.[7] Royalty and dictators are always excluded from the lists.
Annual rankings 2016
For the third year in a row, Bill Gates was named the richest man in the world by Forbes Magazine’s Annual list of the world’s billionaires.[9] This is the 17th time that the founder of Microsoft has claimed the top spot. Amancio Ortega rose from last year’s position of number four to second.[10] Warren Buffett of Berkshire Hathaway slipped down from last year’s third position to fourth, while Mexican telecommunication mogul Carlos Slim declined from last year’s second position to seventh. Jeff Bezos of Amazon,[11] Mark Zuckerberg of Facebook[12] and Michael Bloomberg of Bloomberg L.P.,[13] appear for the first time on the top 10 billionaires list, coming at third, fifth and eighth position, respectively. Zuckerberg became the youngest top-five billionaire this year at the age of 31. Larry Ellison, Charles Koch and David Koch also slipped down from their last year’s positions, with Ellison dropping to seventh from sixth and the Kochs falling to ninth position from sixth, respectively. Liliane Bettencourt remains at position ten for the second consecutive year, if otherwise, Koch’s (both) accounts on singular ninth position.
| No. | Name | Net worth (USD) | Age | Nationality | Source(s) of wealth |
|---|---|---|---|---|---|
1  | Bill Gates | $75.0 billion  | 60 |  United States | Microsoft |
2  | Amancio Ortega | $67.0 billion | 79 |  Spain | Inditex |
| 3 | Warren Buffett | $60.8 billion | 85 | United States | Berkshire Hathaway |
| 4 | Carlos Slim | $50.0 billion | 76 |  Mexico | Telmex, Grupo Carso |
| 5 | Jeff Bezos | $45.2 billion | 52 | United States | Amazon.com |
| 6 | Mark Zuckerberg | $44.6 billion | 32 | United States | |
| 7 | Larry Ellison | $43.6 billion | 71 | United States | Oracle Corporation |
| 8 | Michael Bloomberg | $40.0 billion | 74 | United States | Bloomberg L.P. |
| 9 | Charles Koch | $39.6 billion | 80 | United States | Koch Industries |
| 9 | David Koch | $39.6 billion | 75 | United States | Koch Industries |
| 11 | Liliane Bettencourt | $36.1 billion | 93 |  France | L’Oreal |
