FORBES FOR­TUNES Many is­land bil­lion­aires on list get richer; Trump’s worth the same.

Palm Beach Daily News - - BUSINESS - By DAR­RELL HOFHEINZ

It’s been a good year for most of the Palm Beach bil­lion­aires on the lat­est Forbes 400 list, thanks largely to a go-go — and go again — stock mar­ket.

Of 30 bil­lion­aires on the list iden­ti­fied by the Palm Beach Daily News as hav­ing strong ties to the is­land, just six saw their es­ti­mated net worth drop since the last rank­ing of the na­tion’s 400 wealth­i­est peo­ple was pub­lished a year ago.

And just three saw their for­tunes stay the same, in­clud­ing the is­land’s most fa­mous snow­bird, Pres­i­dent Don­ald Trump with his $3.1 bil­lion for­tune.

Trump’s rank­ing on the list, how­ever, dropped over the past year, from 248th place last year to 259th place this year.

That drop is an in­di­ca­tion of the boosted wealth that flooded the wal­lets and hand­bags of those nearer the top of the list, which was re­leased Wed­nes­day.

Once again, in­dus­tri­al­ist David Koch led the list of Palm Beach bil­lion­aires with an es­ti­mated for­tune of $53.5 bil­lion. He is tied in sev­enth place with his brother, Charles Koch, with whom he runs Koch In­dus­tries.

Charles Koch doesn’t have a home on the is­land. Their other brother, busi­ness­man Bill Koch, has a house here but isn’t on the lat­est Forbes list.

Those on the Daily News’ list ei­ther own prop­erty or fre­quently lease a res­i­dence here.

In all, their to­tal net worth re­ported by Forbes equals about $221 bil­lion.

Ama­zon.com founder and CEO

Jeff Be­zos for the first time topped the over­all list with a net worth of $160 bil­lion, bump­ing Mi­crosoft founder Bill Gates — with $97 bil­lion — down one spot. Gates, who owns prop­erty in Welling­ton, had led the list for 24 years. Be­zos owns no prop­erty in Palm Beach.

To earn a spot among Forbes 400, a bil­lion­aire’s es­ti­mated net worth had to to­tal at least $2.1 bil­lion.

That’s $100 mil­lion more than last year’s en­try thresh­old.

“The group’s to­tal net

Richard Graulich / Daily News file photo

The wealth of real es­tate in­vestorJeff Greene, a for­mer Demo­cratic gu­ber­na­to­rial can­di­date, de­clined over the past year.

Greg Lovett / Daily News, file photo

Casino and re­sort mag­nate Steve Wynn, who is tied on the over­all list at No. 271 with an es­ti­mated for­tune of $3 bil­lion, no longer owns prop­erty on the is­land. He is pic­tured here with his wife, An­drea His­son.

D. Koch

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