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His rise knocks Microsoft founder Bill Gates, whose estimated wealth is $US90bn this year, up from $US86bn, into second place. Last year, Pritzker ranked No. 3 in IL, with $3.4 billion.

The magazine released its annual ranking Tuesday, showing Trump's wealth declining for the second year in a row. No. 4 is chairman and CEO of luxury goods company LVMH, Bernard Arnault, and his family, with $72 billion.

United States investment superstar Warren Buffett, who is worth $US84bn, is third.

The list is published in Forbes's latest edition under the headline "The super-rich continue to get richer, widening the gap between them and everyone else".

The number of women on the list increased from 227 to 256.

US President Donald Trump has fallen 222 places on the Forbes annual Rich List, after his estimated worth of $US3.5bn ($NZ4.8bn) fell to $3.1bn.

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The magazine attributed Trump's decline in wealth to "a tough NY real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign".

Meanwhile, Trump, who became the first billionaire president in history past year, dropped to No. 766 on the list, with a $3.1 billion net worth. Egyptian billionaire Nassef Sawiris with a net worth of $6.6 billion is the world's richest Arab, as Prince Al Waleed Bin Talal was excluded from the list.

Forbes' list contains 259 newcomers, including the first-ever cryptocurrency billionaires.

Trump also shelled out $25 million in settling lawsuits that alleged his Trump University real estate courses defrauded students.

Despite Mr Trump's previously inaccurate claims he was worth more than $10 billion, Forbes said he is still the richest president in U.S. history. Gates, Zuckerberg, and Buffett are at least a $1 billion richer.