Published: Tue, March 21, 2017
Hi-Tech | By Lula West

17 in CT make Forbes' top billionaires list

17 in CT make Forbes' top billionaires list

From titan investors to the reigning royalty of the tech world, the usual suspects tend to top the list and consistently make the cut year after year, from Bill Gates to Warren Buffett.

"We list individuals rather than multigenerational families who share large fortunes, though we include wealth belonging to a billionaire's spouse and children if that person is the founder of the fortune", the magazine says.

CEO Carl Cook has a net worth of $7.4 billion, Forbes said, placing him 186th on the magazine's annual list of the world's billionaires.

In Connecticut, Ray Dalio, the founder, chairman and chief investment officer of Westport hedge fund Bridgewater Associates, is worth the most, with a net worth of $16.8 billion.

Forbes found 2,043 people around the world were billionaires, with 233 becoming billionaires just within the a year ago.

But not all of the trends were negative for Trump. The publication has published its famous list every year for 31 years; 2017 was the first Forbes' reported more than 2,000 billionaire fortunes worldwide.

Others in the top ten, which is heavily dominated by Americans in the technology sector, were Facebook founder Mark Zuckerberg, at number five, Oracle co-founder Larry Ellison at number seven and Amazon's founder Jeff Bezos. The total net worth of those on the list rose 18 percent, to $7.67 trillion. For the second year running France's Liliane Bettencourt, the L'Oreal cosmetics heiress, was the world's wealthiest woman with a $39.5bn net worth. That's 13% more of them total in the world than a year ago, Forbes found.

He is listed by Forbes as a USA citizen, but became a New Zealand citizen six years ago. But the list also contained 15 new "self-made" women, mostly from Asian countries, including Vietnam's Nguyen Thi Phuong Thao of budget airline VietJet air.

"Midtown Manhattan real estate is down; therefore, so is Donald Trump's fortune", the business magazine said in a statement.

Last year's second richest person in the world, Spanish clothing chain Zara owner Amancio Ortega fell to forth place, despite gaining $4.3bn to his fortune this year.

President Trump slipped 220 spots on the list to number 544 with an estimated worth of $3.5 billion.

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