Bill Gates.jpg
Photograph: Photo by OnInnovation, used under CC BY-ND

Microsoft co-founder Bill Gates leads Forbes magazine's 2016 list of the richest of the rich, but two other tech-billionaires are marching up the annual ranking released Tuesday by the publication.

Gates, 60, has a fortune estimated at 75 billion dollars, which is 4.2 billion less than last year, when he was also the richest person in the world. The former Microsoft chief executive has topped the list in 17 of the last 22 years.

In second place is Amancio Ortega, 79, of Spain whose riches were made in the fashion industry. As head of a clothing empire best known for its Zara chain retailer, Ortega has 67 billion dollars, 2.5 billion more than the year before when he was ranked fourth.

The third spot is held again this year by US star investor Warren Buffett, 85, with 60.8 billion dollars. Fourth is Mexican telecommunications tycoon Carlos Slim Helu, 76, with 50 billion dollars. Both men's fortunes shrank compared with the previous year's ranking, with Slim's seeing a decline of 27.1 billion dollars, the most of any on the list of billionaires.

Taking the biggest strides up the ranking were Facebook chief executive Mark Zuckerberg, 31, and chief executive Jeff Bezos, 52, both of whom appeared in the top 10 for the first time. Bezos landed in fifth place with a net worth of 45.2 billion dollars and a leap from 15th place last year.

Zuckerberg has amassed a fortune of 44.6 billion dollars, according to the magazine. That's up from 11.2 last year and moved him from 16th to sixth place in the ranking.

The number of billionaires in the world is 1,810, according to Forbes. That's down from 1,826 in 2015. Added together the total net worth for this year's billionaires was 6.48 trillion dollars, down from 7.05 trillion last year. Volatility in global markets had a significant effect on this year’s list, the magazine said.

The list has 198 newcomers, including 70 from China, the country with the most newcomers.

The total number of women on the list is 190, down from 197 in 2015. The richest is Liliane Bettencourt of France ranked 11 with a net worth of 36.1 billion dollars earned in the makeup business through the label L'Oréal.

Thirty-three women on the list are self-made billionaires; the richest is Hong Kong newcomer Zhou Qunfei, whose Lens Technology went public in 2015.

Among the notable newcomers are Alexandra Andresen, 19, and her sister, Katharina Andresen, 20, from Norway, who are the world’s youngest billionaires thanks to stakes in their father's tobacco empire.

The United States led with the greatest number of billionaires, 540, followed by China with 251, Germany with 120, India with 84 and Russia with 77.

Forbes publishes the list annually in its print edition, but keeps a real-time ranking at its website. It compiles its estimates by tracking stock and real estate holdings and luxury items such as artwork and yachts.

The ranking is based mostly on data gleaned from publicly released information and therefore does not claim to be exact.

Related stories

Trump slips on the Forbes billionaire list

Buffett slips on the richest list after Wells Fargo scandal

Facebook sees three-fold profit increase in first quarter

Swiss defend title of world's richest people

Latest news

Russia's long-time UN ambassador Vitaly Churkin dies in New York

Russia's long-time ambassador to the United Nations, Vitaly Churkin, died "suddenly" in New York on Monday, a day before his 65th birthday, Russia's Foreign Ministry spokeswoman said.

French police raid National Front over European Parliament payments

France's far-right National Front Monday said that investigators had searched its offices in relation to allegations that it misused European Parliament funds.

Unhappy Presidents' Day: Trump still manoeuvring after Sweden comment

Donald Trump used his first Presidents' Day in office to continue trying to talk his way out of comments implying a terrorist attack in Sweden that never happened.

Croatia supports Kosovo's territorial integrity - Grabar-Kitarovic

Croatia's President Kolinda Grabar-Kitarovic on Monday expressed the support to Kosovo's territorial integrity and Euro-Atlantic aspirations during her talks with the visiting Kosovo Foreign Minister Enver Hoxhaj.

Petrov rules out early parliamentary election

Parliament Speaker and Bridge party leader Bozo Petrov on Monday dismissed speculation about a reshuffle of the parliamentary majority, saying an early election was likelier, but that right now he did not see "such a scenario."

First local elections in 20 years to be held in Nepal on May 14

Nepal's government announced the dates for forthcoming local elections on Monday, nearly 20 years after polls were last held for municipalities and village councils in the country.

US Defence Secretary: We are not in Iraq to seize Iraqi oil

US Defence Secretary Jim Mattis said on Monday that the United States does not intend to seize Iraqi oil, in reference to comments made by President Donald Trump last month.

Bryan Adams to play Zagreb

Canadian rock star Bryan Adams, who has sold more than 100 million albums in his 40-year-long career, will perform in Zagreb on November 9, according to his website and Facebook account.

Two charged for racially insulting actor Jamie Foxx in Dubrovnik

Dubrovnik police will bring misdemeanour charges against two men for disturbing the peace on Sunday night in a local restaurant when they racially insulted African American actor Jamie Foxx, who is currently in Dubrovnik filming "Robin Hood: Origins".

Film "Anka" starring Eric Cantona shown to reporters

The film "Anka" by Croatian actor and director Dejan Acimovic, a story about children, friendship and the quest for identity, filled with scenes of nature, magic and elves, based on one of the best known novels of Croatian writer Mato Lovrak, "Anka Brazilijanka", was shown at a screening for reporters in Zagreb on Monday.

Opposition youth leader arrested in Zimbabwe

Zimbabwean police on Monday arrested an opposition youth leader on charges of inciting public violence against the government of President Robert Mugabe, the youth leader’s lawyer said.

Turkey dismisses 227 judges and prosecutors

Turkey's top judicial body on Monday dismissed 227 judges and prosecutors who are accused of having links to a cleric blamed for last year's coup attempt, the state-run Anadolu news agency reported.