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Bermuda-linked billionaires make Forbes list

A number of the world's richest billionaires who have connections to Bermuda are included in Forbes World Billionaires 2017 list.

Among them is former New York Michael Bloomberg, 75, who owns a property in Bermuda. He is ranked tenth on the list with a net worth of $47.5 billion.

Mr Bloomberg made his fortune through Bloomberg News, a multinational mass media corporation specialising in financial data-services.

Abigail Johnson, 55, is chairwoman of Bermudian-based Fidelity International, a financial services company. She is also chief executive officer of US-based Fidelity Investments, and is listed at 75 on the rich list with a net worth of $14.4 billion.

Ms Johnson's father, Edward Johnson III, was the former CEO of Fidelity. He helped to finance the Bermuda Underwater Exploration Institute. Mr Johnson is listed at 173, with a net income of $7.8 billion.

Former Italian prime minister and media tycoon Silvio Berlusconi, 80, and American entrepreneur Ross Perot, 86, who are believed to still own Bermuda properties, are on the list.

Mr Berlusconi is at 199 with a net worth of $7 billion, while Mr Perot is at 441 with $4 billion.

John Fredriksen, 72, who controls Bermudian-based shipping company Frontline Ltd, is at 131 on the rich list, with a net worth of $9.9 billion.

The Forbes list is headed by Bill Gates, the co-founder of Microsoft. He has topped the list 18 times during the past 23 years, and has a net worth is $86 billion.

Liliane Bettencourt, 94, is the world's richest woman with a net worth of $39.5 billion. She owns 33 per cent of make-up giant L'Oréal with her children.

Tenth on Forbes list: Michael Bloomberg, the media mogul with a home in Bermuda

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Published March 23, 2017 at 9:00 am (Updated March 22, 2017 at 8:19 pm)

Bermuda-linked billionaires make Forbes list

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