In numbers: World’s billionaires reshuffled

March 7, 2016 3:53 pm

Economic conditions affected the distribution of wealth among the world's top billionaires. (Image source: StockSnap)

Economic conditions seem to have crawled their way into the lives of the world’s usually immune billionaires, who have been dropping fortunes in a manner not seen since 2009, shows a new Forbes ranking.

In its 30th annual ranking of the world’s richest, Forbes recorded a drop in the number of billionaires worldwide, which has reached 1,810 from a record of 1,826 last year.

Combined, the aggregate net worth of these individuals also dropped tremendously, reaching $6.48 trillion – $570 billion less than last year.

Another indication of difficult times was the average net worth of the billionaires, which has dropped for the first time since 2010, reaching $3.6bn, down $300 million from last year.

According to Forbes, 221 people fell off the popular list, while 198 newcomers joined. Of those who remained on the list, 892 lost from their fortunes and 501 added to them.

Below is a list of the most highlighted billionaires, from those who added to their fortune, to others who got off the list and all who are in-between:

Top winner

Facebook’s founder and CEO Mark Zuckerberg was the biggest winner of the year, according to Forbes’ listing, as he added $11.2bn to his fortune, which reached $44.6bn. This addition moved his ranking up from #16 to #6, marking his first entry to the top ten.

Amazon’s founder Jeff Bezos also made his first appearance in the top ten list, ranking fifth, with a net worth valued at $45.2bn.


Among those who made it to the ranking for the first time is British theatrical producer Cameron Mackintosh, who made it to the list with a fortune valued at $1.2bn.

Miguel McKelvey from WeWork, was another highlighted newcomer, who made it to the list with a fortune worth $1bn.

Ben Silbermann and Evan Sharp from Pinterest also made it to the list, with fortunes valued at $1.6bn and $1bn, respectively. Both new billionaires are under 40 years of age.

The youngest billionaire on the list is 19-year-old Alexandra Anderson from Norway. The wealthy heiress has 42 per cent stake in her family’s business.

Alexandra’s sister, Christina, who is 20 years old, is the second-youngest billionaire on the list.

A long-time runner, Bill Gates, was ranked as the wealthiest man on the world, ranking #1 on the list, with a fortune valued at $75bn.

Arab billionaires

Many billionaires on the new list come from the Middle East. The richest of these is Saudi Arabia’s Prince Alwaleed bin Talal, who has retained the title despite losing more money than any other billionaire in the region over the past year – the Saudi royal lost $5.3bn of his net worth. He is left with only $17.3bn.

There were 12 billionaires from the United Arab Emirates on the list this year. Majid Al Futtaim, the retail and real estate titan, topped his fellow UAE billionaires, ranking #270 globally, having a fortune of $5bn.

Other billionaires from the UAE ranked as follows: Abdulla Bin Ahmed Al Ghurair, #286, with a fortune valued at $4.9bn; Micky Jagtiani, #338, with a fortune worth $4.4bn; MA Yusuff Ali, raking #358 with a fortune worth $4.2bn; Hussein Sajwani, #527, with a fortune worth $3.2bn; Abdulla Al Futtaim, #549, whose fortune is valued at $3.1; Ravi Pillai, #595, with a fortune of $2.9bn; Saif Al Ghurair, #810 and a fortune of #2.9bn; Sunny Varkey, #959 and a fortune of $1.8bn; B.R. Shetty, #1011, fortune forth $1.8bn; Azad Moopen, #1198, fortune worth 1.5bn; and Joy Alukkas, ranking #1577, with a fortune of #1.1bn.

Meanwhile, Turkey was the home country for 30 of the region’s billionaires. The richest billionaire there is Murat Ulker, president of the country’s largest food company, with a fortune worth $2.9bn.

In Lebanon, Taha and Najib Mikati, with a fortune of $2.5bn each, were both ranked as the top billionaires.


By AMEinfo Staff