Nassef's brother Naguib Sawiris came in the sixth place with a net worth of $4bn, and came in second among the top six Egyptian billionaires
included in the list.
The Saudi billionaires
who were included in last year's rankings did not make it to this year's edition.
The 23 percent increase on the Bloomberg Billionaires
Index, a daily ranking of the world's 500 richest people, compares with an almost 20 percent increase for both the MSCI World Index and Standard & Poor's 500 Index.
4 trillion of billionaire
wealth is expected to be transferred in the next two decades.
The Asia/Pacific region recorded the biggest drop in its billionaire
population and total wealth in 2016, down 6.
The top five richest billionaires
included some very familiar names.
Just as Asian billionaires
can gain from the experience of wealth transfer in Europe, there's much that Europe can learn from the rapid billionaire
growth in Asia.
Such extremism in the platform of one of America's major political parties might be good news to crony billionaires
such as Steyer, but for Americans, who will pay drastically higher bills in addition to suffering from a crippled economy and an exodus of jobs to nations where Steyer has coal investments, the price tag will be enormous.
The United States is home to 29 billionaires
on the list, more than any other country.
The Technology sector in particular is home to the most enduring billionaires
while Industrials, Real Estate and Health Industries are sectors where billionaire
wealth is more fleeting.
One effect of the court's work was to make billionaires
more powerful than millionaires.
The new class of billionaires
will change the landscape of Hollywood," one billionaire
-producer told me last week, typically asking not to be quoted.