Donald Trump slides down Forbes list of world's billionaires

Central Texas' own tech giant, Michael Dell, 52, is the richest person in the Austin-area, coming in at No. 38 with a net worth of $20.4 billion.

US President Donald Trump saw his rank slide 220 spots on the list to 544, with his wealth now estimated at US$3.5 billion, a decline of US$1 billion from previous year.

As the New York's real estate market has slowed, Forbes began downgrading Trump's net value a year ago, saying in October that his net worth was down to $3.7 billion. He ranked 717th on the latest list, down from 612th a year ago.

The Forbes list also revealed that the number of people with assets of more than 1 billion dollars jumped 13% from a year earlier to a record 2,043, largely helped by strong stock prices.

President Trump ranks at No. 544 with a net worth of 3.5 billion - a significant drop from his $3.7 billion fortune past year.

That's despite the fact that Trump had claimed during his election campaign that he was worth "in excess of $10 billion".

Kiwi Graeme Hart, 61, once again made the list as New Zealand's richest person, and is the world's 133rd richest billionaire.

Indian businessmen who made it to the list showed up way up that US President Donald Trump.

Amancio Ortega, the Spanish business tycoon best known for owning the Zara fashion label, came in fourth, making him the highest ranking non-American with an estimated fortunate of $71.3bn.

The other two being the co-founders of Snapchat. Dean White, who made his fortune in billboards and hotels, died past year. Overall, each billionaire had a richer year compared to the year prior.

This year saw 15 new self-made women join the list, 14 from Asia pacific and one woman, Thai Lee, who was born in Thailand, but moved to the USA as a child.

Goodnight ranks No. 137 on the new list.

President Donald Trump comes in on the list at No. 544, with a net worth of $3.5 billion.

Other notable newcomers to the list include: Australian Manny Stul, whose toy company created the popular Shopkins collectibles; American Yvon Chouinard, the founder of outdoor gear maker Patagonia; and Juan Francisco Beckmann Vidal of Mexico, who is chairman of tequila maker Jose Cuervo.

Latest News