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Trump Cut From Billionaire’s Tally : Wealth: Japanese railroad and real estate magnate Yoshiaki Tsutsumi tops the annual Forbes ranking again.

From Associated Press

A Japanese developer again topped a list of the world’s richest people, but this year’s billionaire tally has one conspicuous deletion: Donald J. Trump.

Despite the New York developer’s financial troubles, the United States continues to contain the world’s largest number of billionaires--62--according to Forbes magazine. In addition, there are 37 U.S. families with fortunes over $1 billion, Forbes said in its July 23 issue.

In estimates released today, Forbes said the world’s wealthiest person for the fourth-straight year was Yoshiaki Tsutsumi, whose railroad and real estate empire includes golf courses, ski resorts and hotels. Forbes estimated his net worth at $16 billion, up about $1 billion from last year.

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Forbes’ estimate was far greater than that of rival business magazine Fortune, which put Tsutsumi’s net worth at $3.1 billion last September.

Fortune said the world’s richest person is the Sultan of Brunei, at $25 billion. Forbes doesn’t include heads of state.

Following the 56-year-old Tsutsumi was Japanese developer Taikichiro Mori, a former economics professor who now owns 78 office buildings. Forbes put Mori’s net worth at $14.6 billion.

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Third was the family of Sam Walton, founder of Wal-Mart, the third-largest U.S. retail chain. Forbes estimates that the Waltons, who also were third-ranked last year, are worth $13.3 billion, up from $8.7 billion in 1989.

America’s Du Pont family was fourth, with a net worth of $10 billion. Forrest E. Mars and family of the United States, of Mars candy fame, were 10th at an estimated $6 billion.

Other American families with net worth exceeding $3 billion were the Newhouse, Hearst and Cox families, who derive their fortunes from publishing and broadcasting; the Bass family of Texas; the Mellon family of banking fame; the Dorrance family, whose wealth comes from Campbell Soup Co.; and Bill Gates, founder of the computer software company Microsoft Corp.

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John Werner Kluge remained the richest American individual, according to Forbes. Kluge, founder of the media company Metromedia, has an estimated net worth of $5.2 billion, placing him in a tie for 12th place on the list with the Newhouses.

As for Trump, Forbes put his net worth last year at $1.7 billion, but it dropped sharply this year as the value of his real estate and airline empire crumbled. In April, the magazine said he was worth about a half a billion dollars.

Forbes says one trend it noticed in compiling this year’s list was the number of wealthy Germans. The magazine identified 38 West German billionaire families--far more per capita than in Japan or the United States.

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