Bill Gates Tops Forbes 400 Ranking for Twenty-Fourth Consecutive Year

Bill Gates Tops Forbes 400 Ranking for Twenty-Fourth Consecutive Year

With a net worth of $89 billion, Microsoft co-founder tops the 2017 list of the wealthiest people in America for the twenty-fourth consecutive year, and is followed this year, as he was in 2016, by Amazon founder Jeff Bezos ($81.5 billion), investor ($78 billion), and Facebook co-founder ($71 billion), reports.

Rounding out the top ten in the 2017 rankings are Oracle co-founder ($59 billion), Charles ($48.5 billion) and David ($48.5 billion) Koch of Koch Industries, Bloomberg L.P. founder and former New York City mayor ($46.8 billion), and Google co-founders Larry Page ($44.6 billion) and Sergey Brin ($43.4 billion). Three heirs to the Wal-Mart fortune — Jim Walton ($38.4 billion), S. Robson Walton ($38.3 billion), and Alice Walton ($$38.2 billion) — ranked eleventh through thirteenth, followed by casino owner Sheldon Adelson ($35.4 billion), former Microsoft CEO and current Los Angeles Clippers owner Steve Ballmer ($33.6 billion), Mars Inc. heirs Jacqueline ($25.5 billion) and John Mars ($25.5 billion), Nike founder Phil Knight and his family ($25.2 billion), and Dell Technologies chair and CEO Michael Dell ($23.2 billion). George Soros ($8 billion), who reportedly has transferred $18 billion of his fortune to the in recent years, initially was ranked twentieth on the list but, after accounting for the full amount of the transferred funds, dropped to fifty-ninth, while Tesla and SpaceX founder ($20.8 billion) moved up to the twentieth spot.

The list included twenty-two newcomers, fourteen of whom are self-made entrepreneurs. They include Trident Seafoods co-founder Chuck Bundrant, Tito's Handmade Vodka creator Tito Beveridge, Netflix co-founder , and AriZona Beverages co-founder Don Vultaggio. Five of the top ten in the list are signatories to the .

Calculated using September 22 stock prices, the minimum net worth of those on this year's list was a record $2 billion, up nearly 18 percent from $1.7 billion a year ago. In addition, every person in the top ten saw his or her wealth increase by at least $1 billion over the past twelve months, while the collective net worth of the entire list increased to $2.7 trillion, from $2.4 trillion in 2016, and average net worth rose to $6.7 billion, from $6 billion. According to Forbes, wealth gainers outnumbered wealth losers by more than five-to-one, with the most notable drop in the rankings claimed by Donald J. Trump (#118), whose fortune fell some $600 million, to $3.1 billion, as a result of a tough New York real estate market, a costly lawsuit, and an expensive presidential campaign.

Luisa Kroll. "." Forbes 10/17/2017. Igor Bosilkovski. "." Forbes 10/19/2017.