List of billionaires includes a few locals

Five Austin Area Magnates Make Forbes Richest People List

Five Austin Area Magnates Make Forbes Richest People List

Microsoft founder Bill Gates again tops Forbes' list of the world's richest people, in a year when the number of billionaires rose 13% to 2,043.

This puts him 200 places below his rank in 2016, with an estimated wealth of $3.5bn compared to $3.7bn of last year and $4.5bn the year before.

"Midtown Manhattan real estate is down; therefore, so is Donald Trump's fortune".

According to Forbes, the change in the total number of billionaires - up 233 since last year - was the biggest increase in 31 years. Joining them in the top five were Berkshire Hathaway founder Warren Buffet ($75.6 billion), Amazon head honcho Jeff Bezos ($72.8 billion), and Spanish business tycoon Amancio Ortega ($71.3 billion).

President Donald Trump met with Microsoft Corp.co-founder Bill Gates at the White House on Monday, just days after releasing a budget proposal that would impose deep cuts on funding for numerous causes championed by the billionaire philanthropist. He was in the 10 spot previous year. The youngest member of the list is John Collison, the 26-year-old founder of Internet payment startup Stripe, who boasts a net worth of $1.1 billion.

The personal fortune of US President Donald Trump has significantly nosedived over the a year ago.

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Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Viavi Solutions by 79.9% in the fourth quarter. Also, SVP Dion Joannou sold 13,956 shares of Viavi Solutions stock in a transaction dated Wednesday, January 18th.

Central Texas' own tech giant, Michael Dell, 52, is the richest person in the Austin-area, coming in at No. 38 with a net worth of $20.4 billion.

President Donald Trump walks to the White House after arriving on Marine One, Sunday, March 19, 2017, in Washington.

Also returning to the Forbes list are George Ty (No. 544, $3.5 billion), Enrique Razon Jr (No. 564, $3.4 billion), Tony Tan Caktiong (No. 564, $3.4 billion), David Consunji (No. 630, $3.1 billion), Andrew Tan (No. 814, $2.5 billion), Robert Coyiuto Jr.

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

A year earlier Hart was ranked No 178, with a net wealth estimated at US$6.4b ($9b).

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. The proposal would increase defense spending by $54 billion while slashing funding for the U.S. State Department and foreign aid programs by 28.7% to $27.1 billion. This year marks the first time Forbes' billionaire club features more than 2,000 people.

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