Trump loses $1bn, now 544th on Forbes billionaires list

Bill Gates Warren Buffett and Jeff Bezos top the Forbes Billionaires list

There are 183 tech billionaires in all with a combined $1 trillion in wealth, Forbes said.

"I understand why some Americans watch their tax dollars going overseas and wonder why we're not spending them at home", wrote Gates, whose $86 billion net worth is roughly 25 times larger than Trump's $3.5 billion fortune. Joining Gates in the top three is investor/philanthropist Warren Buffet, with a net worth of $75.6 billion and Amazon CEO Jeff Bezos, the biggest gainer on the list, with a net worth of $72.8 billion.

The world's super-rich have been busy over the last 12 months adding to their ranks and growing their wealth. I'm worth much more than you have me down [for].

Forbes says it calculates the wealth of the listed billionaires by using stock prices and exchange rates to calculate their net worth as of February 17, 2017.

While campaigning for the Republican presidential nomination in May, Mr. Trump's team filed a personal financial disclosure form that said his net worth was more than $10 billion.

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Coincidentally, Davis's tie for 315th place was with another Boston-area businessman: Patriots owner Robert Kraft.

Forbes ranks Trump as the world's 544th richest person, after coming in at No. 324 previous year.

Facebook founder Mark Zuckerberg was number five and Oracle co-founder Larry Ellison was number seven.

Mr Gates' fortune was estimated at $75bn previous year.

As a result, his position on the Forbes' ranking dropped 220 spots, leaving him tied with 19 others as the 544th richest person in the world.

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The global population of billionaires jumped 13 percent from last year to a record 2,043, the biggest annual increase in the 31 years since the magazine began compiling the list, Forbes said.

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

Property developer Harry Triguboff was Australia's second highest ranked billionaire at number 153 with a net worth of $11 billion.

Mr. Trump tumbled 208 spots to No. 544 on the magazine's 31st annual list, largely because of the impact of the slumping NY real estate market on his holdings.

The other two being the co-founders of Snapchat.

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