Villar leads other Philippine billionaires on Forbes' richest list

Villar leads other Philippine billionaires on Forbes' richest list

While things are largely stable up on top of the list, Facebook founder Mark Zuckerberg dropped three spots and former NY mayor Michael Bloomberg rose by two.

More than a dozen Michiganders or those with MI ties are among the record 607 billionaires in the USA this year, according to Forbes' annual list.

His wife and Haidilao co-founder Shu Ping also made it to the list. Forbes estimates his value of shares in the Cement Company of Northern Nigeria to be at USD1.6 billion.

However, the Sugar King's fall from the graces of the top 100 is in keeping with a wider trend according to Forbes - many other billionaires was the fortunes take a downward turn over the past year.

Gates, 63, saw his wealth grow to United States dollars 96.5 billion, up from $90 billion previous year while investment guru Buffett, 88, at third position saw fortunes slipping by $1.5 billion to $82.5 billion, the magazine said.

For only the second year in a decade, both the number of billionaires and their total wealth shrank, proving that even the wealthiest are not immune to economic forces and weak stock markets, said Forbes.

The Asia-Pacific was the hardest hit, with 60 fewer billionaires, led by China, which lost 49.

Lim Kok Thay, chairman and chief executive of Malaysia-based gaming group Genting Bhd, ranked 436th this year, worth of an estimated US$4.4 billion, compared to US$4.7 billion last year.

LeBron James surpasses Michael Jordan in career National Basketball Association points
The Lakers are now tenth in the Western Conference with a 30-33 record, 4.5 games behind the San Antonio Spurs for the No. 8 seed. James scored 31 points and surpassed Michael Jordan's 32,292 career points on a driving layup during the second quarter.

The Americas, driven by a resurgent Brazil, and the U.S. are the only two regions that have more billionaires than they did a year ago.

Steve Wynn, who resigned last year as chairman and CEO of Wynn Resorts Ltd and of Macau casino developer Wynn Macau Ltd amid allegations of sexual misconduct - denied by him - saw his wealth slide from US$3.4 billion in 2018 to US$3 billion this year.

All together, the ultra-rich are worth $8.7 trillion, down $400 billion from 2018, and 247 people dropped out of the ranking - the most since 2009 at the height of the global financial crisis, Forbes reported.

Ambani was placed at the 33rd position on the 2017 listing of Forbes.

The youngest billionaire is 21-year-old celebrity Kylie Jenner, making her Forbes list debut with US$1 billion.

Forbes, publishers of the world's annual list of billionaires, has released its 2019 list of black billionaires comprising 13 billionaires of black origin around the world.

Microsoft Corp founder Bill Gates remained in second place, with an estimated wealth of US$96.5 billion, up from US$90 billion a year ago.

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