Tuesday, 18 September, 2018

Jeff Bezos tops Forbes' billionaires list; Trump's rank drops

Top Lists       by Nozair Hanif Mirza | Published Top Lists by Nozair Hanif Mirza | Published
Jay Anderson | 07 March, 2018, 00:09

Thanks to a 59 per cent rise in Amazon shares over the past 12 months, Bezos nearly doubled his fortune, taking it to US$120 billion, way ahead of Gates's US$90 billion - the biggest gap ever between the number one and two spots, Forbes said. Forbes said that jump amounts to the biggest one-year gain ever.

Microsoft founder Bill Gates dropped to No. 2 with $90 billion.

The billionaires increased their combined wealth by 1.4bn dollars over the past year.

Unlike Forbes, which made its calculations based partly on stock wealth on February 9 this year, Bloomberg updates its billionaires list every day. No. 4 is chairman and CEO of luxury goods company LVMH, Bernard Arnault, and his family, with $72 billion.

Luisa Kroll and Kerry Dolan, from Forbes Media, said: "The superrich continue to get richer, widening the gap between them and everyone else".

The world's richest self-made woman is Hong Kong's Zhou Qunfei, founder of smartphone screen maker Lens Technology.




With a fortune worth $110 billion, Amazon founder Jeff Bezos is the world's richest man and tops a 2018 Forbes Magazine list of 100 billionaires.

The magazine attributed Trump's decline in wealth to "a tough NY real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign".

The business tycoon, with $3.1 billion is now ranked 766th this year, down from a 544th ranking last year.

There are now a record 2,208 billionaires in the world, Forbes counted, and their combined worth is US$9.1 trillion, up 18 per cent from previous year.

Despite Mr Trump's previously inaccurate claims he was worth more than $10 billion, Forbes said he is still the richest president in United States history.

At No. 5 is Facebook's Mark Zuckerberg, with an estimated $71 billion.

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