Bill Gates is the richest person in tech. There are more tech billionaires than ever before, and together they are worth a record high: The 183 billionaires from tech --23 more than a year ago -- have a combined $1 trillion net worth, data from FORBES 2017 World's Billionaires List shows. Three of the world's five richest people earned their fortunes in tech, and 59% of the world's tech billionaires got richer over the past year. Only 9% have fortunes that dropped since the 2016 list. Tech fortunes are concentrated in the United States: 78 of the 183 are Americans.
Microsoft co-founder Bill Gates once again topped the Forbes magazine list of the world's richest billionaires, while US President Donald Trump slipped more than 200 spots. Gates, whose wealth is estimated at $86 billion, led the list for the fourth straight year. He was followed by Berkshire Hathaway chief Warren Buffett - with an estimated wealth of $75.6billion, before a bevy of American tech giants dominated the rest of the top ten. Amazon founder Jeff Bezos was number three with a net worth of $72.8billion, Facebook creator Mark Zuckerberg was fifth with $56billion, and Oracle co-founder Larry Ellison came it at number seven with $52.2billion in the bank. Warren Buffett was second on the list behind Gates with a net worth of $75.6billion.
Snapchat co-founders Bobby Murphy, left, and CEO Evan Spiegel ring the opening bell at the New York Stock Exchange as the company celebrates its IPO, Thursday, March 2, 2017. Snap cofounders Evan Spiegel and Bobby Murphy added a combined $2.8 billion to their fortunes on Thursday -- and became the only self-made billionaires in the world under the age of 30 to own a publicly traded company. Snap Inc. –the parent of social network Snapchat - debuted on the New York Stock Exchange on Thursday in the most anticipated tech IPO in years. On Wednesday night, Snap set a price of $17 per share, valuing the company at $24 billion. Thursday morning, Snap opened at $24, up 41% from Wednesday night's pricing.
Amazon CEO Jeff Bezos is tied with Warren Buffett as the second richest person in the world. Amazon CEO Jeff Bezos became the second richest person in the world for the first time ever on Thursday. Bezos narrowly passed Zara founder Amancio Ortega to become the world's second richest person by 2 p.m. Eastern on Thursday. For the rest of the afternoon, Bezos, Ortega and Berkshire Hathaway CEO Warren Buffett, whose net worths were all within $100 million of each other, traded spots in Forbes' Real-Time Rankings. When markets closed, Bezos and Buffett were tied as the world's second richest person, each with a net worth of $75.3 billion.