Billionaire Gates meets with Trump to talk foreign aid

Alexander Spanos Alexander Spanos

Alexander Spanos Alexander Spanos

Shopping mall tycoon led the Philippines' billionaires list for 2017, while Microsoft founder Bill Gates topped the world ranking for the fourth straight year, Forbes Magazine said Monday.

In the 30th anniversary edition of its annual listing of the world's billionaires, Forbes estimates that Trump's fortune has fallen over the past year by $1 billion USA to $3.5 billion.

This year was a record year for the world's super-wealthy, with a record of 2043 billionaires on the 30th anniversary of Forbes' guide to the world's richest people.

Donald Trump's wealth shrunk by $1 billion over the past year, according to an annual tally by Forbes magazine.

How long until Donald Trump, 70, blasts Forbes' Billionaires list as "fake"? Warren Buffett comes in a No. 2 with $75.6 billion.

Forty percent of Trump's wealth is tied up in Trump Tower and eight other buildings within a short distance of it.

Spicer Pressed on Why Trump's Golf Trips Are Different Than Obama's
Trump said while campaigning for president that if he won, he would probably be too busy doing the people's business to golf. The White House said Trump had "meetings and phone calls" at the club and wouldn't say whether he was golfing.

Two Limerick lads featured on the list for the first time as the Collison brothers make up two of four salf-made billionaires in their 20's.

The developer-turned-politician, who ranked No. 205 past year, fell further behind to Bill Gates, the list's perennial leader.

Forbes attributed Trump's drop to sluggishness in the midtown Manhattan real estate market which is responsible for a disproportionate amount of his wealth. During the campaign he said that he was worth $8.7 billion and said previous year in a personal financial disclosure form filed with the federal government that his net worth was "in excess of $10 billion".

Following Sy in the list is JG Summit founder, John Gokongwei Jr. whose ranking went up to 250 from last year's 270.

Facebook's co-founder and CEO Mark Zuckerberg, took the fifth spot with a net worth of $56 billion.

The United States has the most billionaires on the list (565), with China and Germany following, boasting 319 and 114 billionaires, respectively. 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.

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