Forbes headquarters

NEW YORK (Public Radio of Armenia) — Four Armenians made it on the 2016 World’s Billionaires list published by Forbes on March 1.

Founder and CEO of Magnit, Russia’s biggest supermarket chain and owner of football team Krasnodar Sergei Galitsky (Arutyunyan) (219th) is the world’s richest Armenian with an estimated net worth of $5.7 billion.

Other Armenians on the list include head of Tashir Group Samvel Karapetyan (549th), Argentinean Armenian businessman Eduardo Eurnekian (810th), and Danil Khachaturov (1275th), CEO of Rosgosstrakh Insurance Company.

Sergei Galitsky and Samvel Karapetyan

Volatile stock markets, cratering oil prices and a stronger dollar led to a dynamic reshuffling of wealth around the globe and a drop in ten-figure fortunes for the first time since 2009. For our 30th annual guide to the world’s richest, the Forbes found 1,810 billionaires, down from a record 1,826 a year ago. Their aggregate net worth was $6.48 trillion, $570 billion less than last year.  It was also the first time since 2010 that the average net worth of a billionaire dropped – it is now $3.6 billion, $300 million less than last year.

Danil Khachaturov and Eduardo Eurnekian

Bill Gates remains the richest person in the world with a net worth of $75 billion, despite being $4.2 billion poorer than a year ago. He has been No. 1 one for 3 years in a row and topped the list 17 out of 22 years.  Also holding steady is Warren Buffett at No. 3. Zara ’s Amancio Ortega moves up to No. 2 for the first time, displacing Mexico’s Carlos Slim, who slips to No. 4. Slim’s fortune fell  to $27.1 billion from $50 billion in the past year, as shares of his telecom business América Móvil tumbled.

Facebook’s Mark Zuckerberg had the best year of all billionaires. The 31-year-old added $11.2 billion to his fortune and moved up to No. 6 from 16. He and Amazon’s Jeff Bezos both make their first appearance in the top ten of Forbes’ annual ranking of the world’s wealthiest.