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Forbes rich list: Soros falls from top 10 and Zuckerberg loses $8bn

Bill Gates tops the list again with an estimated $66 billion, while Facebook founder Mark Zuckerberg's fortune nearly halved from $17.5 billion to $9.4 billion.

Forbes rich list: Soros falls from top 10 and Zuckerberg loses $8bn

While America’s richest had a record year, hedge fund guru George Soros (pictured) fell out of the top 10 and Facebook founder Mark Zuckerberg saw his fortune nearly halve.

Soros fell from seventh spot to 15th in a year which saw some of his investments turn sour, including his 2% stake in recently listed Manchester United, which is trading just above $12 and around $2 below its initial public offering (IPO) price. Results issued from the Premiership giant earlier this week underlined how last year’s lack of success on the pitch was affecting the business as revenue fell 3.3% to £320.3 million.

However, overall it was a good year for America’s richest, as the average net worth of the 400 richest people in the world’s biggest economy rose by 10% to a record $4.2 billion. 

Berkshire Hathaway founder Warren Buffet continued to be the richest man in finance with a fortune amounting to $46 billion. 

Meanwhile, Microsoft founder Bill Gates topped the list for the 19th year in a row, with his wealth jumping $7 billion to $66 billion over the year.

Elsewhere, Facebook founder Mark Zuckerberg was the biggest loser following the social network’s disastrous IPO earlier this year. His fortune nearly halved from $17.5 billion to $9.4 billion as he fell from 14th spot in the list to 36th.

Underlining how tough it has been for social media technology over the last 12 months, GroupOn chairman Eric Lefkofsky, who was in 293rd spot last year, lost his place in the list.

2 comments so far. Why not have your say?


Sep 20, 2012 at 15:24

Mexican Carlos Slim Helu is richest man in the world with 69 Billion.

Bill Gates is second

According to Forbes at the moment

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Ryan McC

Sep 20, 2012 at 16:32

This highlights one of the main flaws of the economical system as a whole. If the rich are getting richer then surely this is a case of wealth continuing to climb up the ladder to those at the top. How insecure one must be to want to hold such vast wealth...if the majority of wealth remains at the top of the ladder, and continues to increase, that can only mean 1. There is less money for those lower down in the ladder to spend. 2. The economical system is headed for a major crash!!! Unfortunately, when there is a crash in one system, this usually affects all of the other systems i.e. political etc. We are nearing a juncture in which two events are certain to occur...1. Those at the top of the ladder will kindly distribute a significant portion of their wealth to those lower down in the economical ladder. A monetary system cannot properly function if the majority of the money is stuck at the upper polar, essentially doing nothing other than imbalancing the system as a whole. 2. Those at the top of the ladder will be forced to distribute a significant portion of their wealth to those lower down in the ladder (via revolution). This will bring balance to the system as a whole. I would prefer option 1 to be implemented.

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FTSE 100 hands back gains as Bank turns hawkish

by Michelle McGagh on Jun 21, 2018 at 13:09

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