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Amazon founder Jeff Bezos is world's richest man with $112 bn: Forbes billionaire 2018 list

New York: Amazon founder Jeff Bezos tops this year's Forbes World's Billionaires list with a record fortune of $112 billion.

Bezos' fortune increased by $39.2 billion in 2017 - the largest up move in anyone's net worth recorded by Forbes last year - dethroning philanthropist and Microsoft co-founder Bill Gates, whose net worth is calculated at $90 billion, Efe reported.

File image of Amazon founder Jeff Bezos. AP.

File image of Amazon founder Jeff Bezos. AP.

While Gates has headed the world's richest list 18 times over the last 24 years, the gap between his fortune and that of Bezos is the largest between two first-place moguls since 2001, according to Forbes.

Bezos and Gates are trailed by American investor Warren Buffet - with an estimated fortune of $84 billion - followed by Frenchman Bernard Arnault, the head of LVMH Moet Hennessy Louis Vuitton SE, with a net worth of $72 billion, climbing seven positions and Europe's richest person.

Facebook creator Mark Zuckerberg rounds out the top-5 list, with a net worth of $71 billion.

Spaniard Amancio Ortega, the founder of clothes retailer Zara, dropped to 6th place after losing $1.3 billion, his fortune now calculated at $70 billion.

The magazine also reported that US President Donald Trump's net worth is $3.1 billion, the $400 million loss he suffered over the past year resulting in a plunge of more than 200 places in the ranking from 544th to 766th. In 2017, Trump's net worth was calculated by Forbes to be $3.5 billion, some $1 billion less than it had been on the 2016 Billionaires List.

The Forbes World's Billionaires list includes 2,208 people from all over the world whose fortunes are calculated to be at least $1 billion.

This year's list included 259 new billionaires, while the names of 121 people who had made the list on previous occasions were dropped due to losses.

Here is the list of top 25 Forbes world billionaires

Rank Name Net Worth Age Source Country of Citizenship
1 Jeff Bezos $112 B 54 Amazon United States
2 Bill Gates $90 B 62 Microsoft United States
3 Warren Buffett $84 B 87 Berkshire Hathaway United States
4 Bernard Arnault $72 B 69 LVMH France
5 Mark Zuckerberg $71 B 33 Facebook United States
6 Amancio Ortega $70 B 81 Zara Spain
7 Carlos Slim Helu $67.1 B 78 telecom Mexico
8 Charles Koch $60 B 82 Koch Industries United States
8 David Koch $60 B 77 Koch Industries United States
10 Larry Ellison $58.5 B 73 software United States
11 Michael Bloomberg $50 B 76 Bloomberg LP United States
12 Larry Page $48.8 B 44 Google United States
13 Sergey Brin $47.5 B 44 Google United States
14 Jim Walton $46.4 B 69 Walmart United States
15 S. Robson Walton $46.2 B 73 Walmart United States
16 Alice Walton $46 B 68 Walmart United States
17 Ma Huateng $45.3 B 46 internet media China
18 Francoise Bettencourt Meyers $42.2 B 64 L'Oreal France
19 Mukesh Ambani $40.1 B 60 petrochemicals, oil & gas India
20 Jack Ma $39 B 53 e-commerce China
21 Sheldon Adelson $38.5 B 84 casinos United States
22 Steve Ballmer $38.4 B 61 Microsoft United States
23 Li Ka-shing $34.9 B 89 diversified Hong Kong
24 Hui Ka Yan $30.3 B 59 real estate China
24 Lee Shau Kee $30.3 B 90 real estate Hong Kong

Updated Date: Mar 07, 2018 19:07 PM

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