Thursday 29 September 2016

Forbes Rich List: Facebook's Zuckerberg raking in most cash, O'Brien and Desmond also make the cut

Published 01/03/2016 | 14:39

Mark Zuckerberg
Mark Zuckerberg
Businessman Denis O'Brien
WEALTH: Businessman Dermot Desmond is on the rich list
Benefactor: Martin Naughton, chairman of Glen Dimplex
Pallonji Mistry

The slowdown in global trade is hitting the very richest people on earth, with the number of billionaires down this year to 1,810, 16 fewer than in 2015.

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Mark Zuckerberg made more money than anyone else in the world last year.

China saw more of its citizens join the billionaires’ club than any other nation.

And Donald Trump is still exaggerating his own wealth, according to Forbes magazine's annual list of global billionaires.

Closer to home businessmen Denis O’Brien, Dermot Desmond and Martin Naughton have again topped the list of the wealthiest Irishman, according to the latest global ranking Telecoms billionaire Denis O’Brien’s personal fortune is reckoned at $5.8bn, making him Ireland’s third richest man and the world’s 219th wealthiest person.

Financier Dermot Desmond wealth is estimated at $1.9bn, making him this country’s fourth richest and the world’s 959th.

Glen Dimplex founder Martin Naughton’s fortune is reckoned to be $1.64bn by Forbes making him Ireland’s sixth wealthiest person.

Pallonji Mistry is little known here, but as head of the family-controlled Shapoorji Pallonji conglomerate he presides over business interests ranging from construction and oil to Tetley Tea and Jaguar Land Rover.

Forbes ranks him as Ireland’s wealthiest person, because he is the husband of Dublin-born Patsy Perin Dubash. His fortune of $12.5bn, according to Forbes, makes him the 73rd wealthiest person on earth.

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