March 24, 2018

Amazon Founder Jeff Bezos Reaches Top Spot As Wealthiest Billionaire

07 March 2018, 11:46 | Kara Nash

Forbes' 96th-richest Robert Kuok is oldest billionaire in top 100 list

Forbes Billionaires 2018: Meet The Richest People On The Planet

According to Forbes, Gates has topped the charts 18 times in the last 24 years, however, the gap in the fortunes between the two first-place behemoths is the largest since 2001.

Amazon founder and CEO Jeff Bezos is the richest person on the planet and the first centi-billionaire in our annual ranking.

Forbes calculated that Bezos's fortune, which is mostly held in Amazon shares, increased by $39.2bn over the past year - the biggest ever one-year gain.

Bezos replaced Bill Gates, Microsoft co-founder, who fell back into second place with $90 billion.

Seventeen Illinois residents were among the 2,208 billionaires on the list.

Ambani was ranked 20th a year ago.

32 killed in Gujarat road accident
Authorities have announced financial aid of 400,000 rupees ($6,148) to the family of each of the deceased. You all know that the accident took place near Ranghola on Rajkot-Bhavnagar state highway.

This year's list consists of 2,043 of the richest people in the world.

Forbes associate editor Dan Alexander told ABC News that Trump has been included on Forbes lists, which include a billionaires list and the Forbes 400 - which itemizes the 400 wealthiest Americans - since 1982.

"Nirav Modi is among the drop-offs from this year's the list, along with Papa John's Pizza founder John Schnatter, Christoffel Wiese of South Africa, and Saudi Arabia s Prince Alwaleed Bin Talal Al Saud", Forbes said. Egyptian billionaire Nassef Sawiris with a net worth of $6.6 billion is the world's richest Arab, as Prince Al Waleed Bin Talal was excluded from the list.

Bezos reached the top spot thanks to a powerful 81% rise in Amazon stock over the past year.

Bilanz ranks the Reimann family, with its holdings in consumer health group Reckitt Benckiser and Wella hair products, second at 30 billion euros. A record 72 of the women made their own fortunes. Within the last year, the value of Trump Tower - the 5th Avenue-based former home of the president in the center of the most expensive retail real estate in Manhattan - declined $41 million this year, Forbes estimated. She is India's richest self-made woman and was ranked 629th on the list with a fortune of Dollars 3.6 billion.

Forbes recorded a record 2,208 billionaires, collectively worth more than $9 trillion.

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