{"id":8191,"date":"2019-03-05T14:30:55","date_gmt":"2019-03-05T14:30:55","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/mark-zuckerbergs-wealth-shrinks-by-8-7bn-on-forbes-rich-list\/"},"modified":"2019-03-05T14:30:55","modified_gmt":"2019-03-05T14:30:55","slug":"mark-zuckerbergs-wealth-shrinks-by-8-7bn-on-forbes-rich-list","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/mark-zuckerbergs-wealth-shrinks-by-8-7bn-on-forbes-rich-list\/","title":{"rendered":"Mark Zuckerberg’s wealth shrinks by $8.7bn on Forbes rich list"},"content":{"rendered":"\n
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\n Facebook’s share price fall has cut Mark Zuckerberg’s wealth
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Facebook founder Mark Zuckerberg’s wealth has shrunk by $8.7bn (\u00a36.6bn) in the past year, according to the latest billionaires’ list compiled by Forbes.<\/p>\n

His shares in Facebook at one point lost a third of their value as the company battled privacy scandals.<\/p>\n

The total combined net worth of this year’s billionaires’ list also fell from $9.1 trillion to $8.7tn.<\/p>\n

But Amazon founder Jeff Bezos keeps his top position, increasing his net worth to $131bn, up $19bn from 2018. <\/p>\n

Amazon’s share price has been good for Mr Bezos’ bank balance and the gap between him and the number two, Bill Gates, is a little wider, even though Mr Gates’ fortune has swelled to $96.5bn from $90bn last year.<\/p>\n

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\n Reuters<\/span><\/p>\n

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\n Jeff Bezos – still number one and getting richer
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According to Forbes there are fewer billionaires around – 2,153 of them on the 2019 list, down from 2,208 in 2018. This, in part, explains why their average net worth is $4bn, down from $4.1bn. Forbes also found that 994 of them are less well off than a year ago.<\/p>\n

Luisa Kroll, assistant managing editor of wealth at Forbes, said: “Even with strong headwinds, resourceful and relentless entrepreneurs find new ways to get rich.”<\/p>\n

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There are 52 UK citizens on the list. At the top are the Hinduja brothers, Srichand and Gopichand, who control the Hinduja Group conglomerate, with a net worth of $16.9bn.<\/p>\n

Behind them, ranked as the wealthiest single individual in the UK, is James Ratcliffe, founder of the chemical group Ineos, and worth $12.1bn.<\/p>\n

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\n Reuters<\/span><\/p>\n

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\n Jim Ratcliffe owns 60% of Ineos, the chemicals company he founded
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Of all the billionaires on the list only 252 are women, and the richest self-made woman is real estate mogul Wu Yajun of China, worth an estimated $9.4bn. The number of self-made women reached 72 for the first time, up from 56 a year ago.<\/p>\n

However, the youngest billionaire of all is a woman – Kylie Jenner, aged 21. Ms Jenner owns 100% of Kylie Cosmetics, the three-year-old beauty business that generated an estimated $360m in sales last year. <\/p>\n

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\n Kylie Jenner is the youngest self-made billionaire of all time
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Another newcomer is Safra Catz co-chief executive of software firm Oracle, who according to Forbes earns a $41m salary and ranks as one of the world’s highest paid female executives.<\/p>\n

The US has 607 billionaires, more than any other country. China has the next largest number with 324. But the list of Chinese billionaires has seen some big changes – it has 44 newcomers to the list while 102 have dropped off.<\/p>\n

The weakness of the euro has not been kind to European billionaires who make a poor showing with only two in the top 20: Bernard Arnault (ranked 4th), the chief executive of the French luxury goods company LVMH, and Amancio Ortega (ranked 6th), who founded retail group Inditex which owns brands such as Zara. <\/p>\n

Forbes said 247 people who were on the billionaires list last year have now dropped off. Among them are Domenico Dolce and Stefano Gabbana, fashion designers and co-founders of Dolce & Gabbana.<\/p>\n

The group chairman of supply chain management company Li & Fung, Victor Fung, is also no longer classed as a billionaire by Forbes, after being on the list for 18 years in a row. <\/p>\n<\/p><\/div>\n


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Image copyright Getty Images Image caption Facebook’s share price fall has cut Mark Zuckerberg’s wealth Facebook founder Mark Zuckerberg’s wealth has shrunk by $8.7bn (\u00a36.6bn) in the past year, according to the latest billionaires’ list compiled by Forbes. His shares in Facebook at one point lost a third of their value as the company battled … <\/p>\n","protected":false},"author":0,"featured_media":8192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/8191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=8191"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/8191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/8192"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=8191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=8191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=8191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}