Demonstrating that not even the world’s most rich and powerful are immune to market forces, the Forbes Rich List 2019 underwent the most changes since the global financial crisis (GFC).
In this year’s list, Amazon founder Jeff Bezos retained the number one spot, worth an estimated US $131.4 billion ($186.8 billion), pipping Microsoft founder Bill Gates for a second consecutive year.
Donald Trump became the first billionaire US president when he took office in 2016, and skittered more than 50 places up the rankings this year to #715 despite his net worth remaining unchanged.
21-year-old makeup mogul Kylie Jenner is courting controversy with Forbes declaring her the youngest “self-made billionaire”, despite the formidable status and wealth of her extended Kardashian-Jenner family.
The record saw her overtake Facebook founder Mark Zuckerberg who became a billionaire at the age of 23.
‘The Zuck’ however still remains by far the richest person under 40, worth more than three times as much as the next entrant on the youngsters list.
Australia’s 36 billionaires also made the list with our richest citizen Gina Rinehart coming in at #75, six positions lower than last year, but leading the likes of Meriton boss Harry Triguboff, packaging magnate Anthony Pratt and Atlassian founders Scott Farquhar and Mike Cannon-Brooks.
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