The World's Billionaires is an annual ranking of the world's wealthiest billionaires compiled and published every March by the American business magazine Forbes.
A billionaire, in countries that use the short scale number naming system, is a person with a net worth of at least one billion units of a given currency, usually major currencies such as the United States dollar, the euro, or the pound sterling.
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The total net worth of each individual on the list is estimated, in United States dollars, based on their assets and accounting for debt.
The United States of America, commonly referred to as the United States or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.
The United States dollar is the official currency of the United States and its insular territories.
Bill Gates tops Forbes 2016 list of world’s billionaires by CBS This Morning
Royalty and dictators whose wealth comes from their positions are excluded from these lists.
A dictator is a ruler who wields absolute authority.
The list has been published annually in March since 1987.
As of 2016, Microsoft founder Bill Gates has topped the list 17 of the past 22 years.
Microsoft Corporation is an American multinational technology company headquartered in Redmond, Washington, that develops, manufactures, licenses, supports and sells computer software, consumer electronics and personal computers and services.
William Henry "Bill" Gates III is an American business magnate, investor, author, and philanthropist.
In 2015, there was a record of 1,826 people on the list that included a record 290 newcomers with 71 from China, 57 from the US, 28 from India and Germany with 23, there were 46 people under 40 and it had a record of 197 women.
Germany, officially the Federal Republic of Germany, is a federal parliamentary republic in central-western Europe.
China, officially the People's Republic of China, is a unitary sovereign state in East Asia.
The average net worth of the listed came in at US$3.86 billion, down US$60 million from 2014.
Added together, the total net worth for 2015's billionaires was US$7.1 trillion, up from US$6.4 trillion in 2014.
According to a 2017 Oxfam report, the top eight billionaires own as much combined wealth as "half the human race".
Oxfam is an international confederation of charitable organizations focused on the alleviation of global poverty.