Many with Mass. ties make Forbes list of billionaires

Many with Mass. ties make Forbes list of billionaires

Many with Mass. ties make Forbes list of billionaires

The Forbes list - its 32nd annual rankings - has a record 2,208 billionaires, up from 2,043 in 2017 and with a total combined worth of $9.1tn, up from $7.7tn past year.

"There are 259 newcomers including the first ever cryptocurrency billionaires; two Canadians whose toy company is behind Hatchimals and PAW Patrol; two Americans who founded online retailer Wayfair; and a 35-year-old heiress who runs In-N-Out Burger", Forbes added.

Men lie women lie but Forbes doesn't...and according to their annual listing of billionaires Amazon Chief Executive Jeff Bezos has done it again in the world of the richest.

Gates placed second with a net worth of $90 billion.

Donald Trump's fortune has fallen for the second year running, according to Forbes magazine's annual ranking of the world's wealthiest people.

Who are the richest people in the world?

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Forbes assistant managing editor Luisa Kroll told "CBS This Morning" Bezos had the "biggest one gain year" since the magazine began tracking world billionaires.

It means Trump is ranked 766th in this year's rich list, down from 544th last year, when Forbes wiped $1bn off his wealth - again down to falling property prices.

During his campaign, Trump said he had a net worth of $10 billion - but that claim was quickly debunked with reports reflecting his net worth was closer to around $3 billion or $4 billion. He had been in the top spot for four previous years. With a fortune of United States dollars 25 billion, she was ranked 32nd in the list with a fortune of USD 25 billion. Altogether the USA has more billionaires than any country in the world with 585, while greater China (mainland China, Hong Kong, Macau and Taiwan) has 476.

In this year's list, Forbes pinned down a record 2,208 billionaires from 72 countries and territories.

Collectively, the world's 2,208 billionaires hold $9.1 trillion more than three times the gross domestic product (GDP) of the UK. While their fortunes may only represent less than 1% of all billionaires, this staggering figure is makes up 13% of the combined riches of these affluent few.

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