Ryanair chief executive Michael O'Leary becomes Ireland's latest billionaire

Michael O'Leary has become Ireland’s latest billionaire. Picture by Niall Carson/PA Wire

RYANAIR chief executive Michael O'Leary has become Ireland’s latest billionaire, entering the Forbes rich list with an estimated wealth of around $1.1 billion.

The airline boss has earned himself a place on Forbes’s annual world billionaire ranking for the first time, by becoming the 1,999th person on the overall list of the 2,280 wealthiest people.

While the bulk of his wealth coming from his holding in the airline, Mr O'Leary (56) also owns land and horses.

It brings to nine the number of Irish billionaires.

Indian-born Pallonji Mistry is the highest-ranked among the Irish billionaires and is 66th on the list with a $17.8 billion fortune.

Among the other notable Irish people on the list of billionaires were Denis O’Brien, Dermot Desmond, and John and Patrick Collison who founded the tech company Stripe.

Amazon chief executive Jeff Bezos is the richest man in the world for the first time, according to the latest Forbes list.

His fortune rose to $112 billion, the biggest single-year gain ever, allowing him to overtake Microsoft founder Bill Gates, worth $90 billion.

Mr Gates has been the richest person in the world for 18 of the past 24 years.

Of the 2,208 billionaires, the majority were from the United States, followed by China.

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