Bermuda still abounds with wealth with no fewer than eight billionaires with connections to the Island, despite some of their value diminishing, according to the Forbes World Billionaires 2011 list.The magazine’s annual rich list of billionaires revealed that New York mayor Michael Bloomberg, 69, who owns a Tucker’s Town property and made his fortune through Bloomberg News, was highest ranked of those who have an interest in the Island at 30th with a net worth of $18.1 billion.Next up was 49-year-old Abigail Johnson, daughter of Fidelity Investments founder Edward (Ned) Johnson III, at number 69, with an estimated worth of $11.3 billionNorwegian shipping magnate John Fredriksen, 66, who has $10.7 billion to his name was at 72, following the success of his Bermuda-based shipping company Frontline Ltd.Seventy four-year-old three-time Italian prime minister Silvio Berlusconi and his family, who own the Blue Horizons property, also in Tucker’s Town, were at number 118, with $7.8 billion to their names.Eighty-year-old Mr Johnson III, who helped to finance the Bermuda Underwater Exploration Institute and owns a home in Somerset, came in at 133 on the list with a fortune of $7.1 billion.Curt Engelhorn, an 84-year-old German living in Switzerland, who owns Five Star Island, occupied 149th place, with a fortune of $6.6 billion. Mr Engelhorn was one of the owners of Bermuda-based Corange Ltd, which in turn controlled German pharmaceutical company Boeringher Mannheim. He netted $5 billion when he sold the company to Swiss drugmaker Roche Holdings in 1997 for $11 billion and has given large amounts of money to the Bermuda College and the Bermuda Biological Station.The only Bermuda resident on the list was 82-year-old American and former owner of Perot’s Island, Marion MacMillan Pictet, who featured at 223rd with $4.7 billion. She is a descendant of William W Cargill, who started with one grain elevator in post-Civil War Iowa.Tucker’s Town property owner Ross Perot, 80, who ran unsuccessfully in two US general elections, holds 323rd position with a $3.4 billion fortune.Ronald Lauder, 68, claimed 362nd place on the list with an estimated $3.1 billion. The international investor has a large stake in Bermuda-based Central European Media although the son of beauty queen Estée Lauder traces much of his fortune to the Estée cosmetics empire.