Amazon founder Jeff Bezos overtakes Bill Gates to top billionaire list


Forbes said a record 35 people have joined the list of the world's billionaires, with the magazine calculating there are now 2,208 people with a net worth of more than $1bn.

The Canadian-passport carrying co-founder of Alibaba Group, and its second-largest individual shareholder after its mercurial chairman Jack Ma, first cracked the Forbes list in 2014, with a net worth of US$3.7 billion.

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 world's billionaires are worth $9.1 trillion, up 18 percent since previous year, according to Forbes.

Bezos' seized the top spot from Microsoft founder Bill Gates this year with a net worth of $112 billion.

Bernard Arnault - The first member of the list not to come from the USA has a net worth of $72 billion and calls France his home.

Donald Trump has plummeted 222 places in the annual Forbes billionaires rich list as property prices in NY fell. The combined net worth of this elite group is a whopping US$ 9.1 trillion, up 18 per cent since past year.

WH's John Kelly defends himself against Porter scandal
Keilar pointed out Kelly said there was "no reason for him to even consider resigning and no reason to have considered resigning". Kelly admitted that Porter should not have been allowed back in the White House on Wednesday, the day after he was forced out.

President Donald Trump's polarizing personality may actually be costing him a whole lot of money, according to the latest Forbes list of the world's billionaires.

Facebook creator Mark Zuckerberg rounds out the top-5 list, with a net worth of $71 billion. The 54-year-old father of four, whose wife MacKenzie is an award-winning novelist, owns a 16.3 per cent stake in Amazon, which has a market value of $737.59 billion.

Sun Pharmaceuticals founder Dilip Shanghvi ranks next as the fifth riches Indian with $12.8 billion at the 115th global spot. While their fortunes may only represent less than 1% of all billionaires, this staggering figure is makes up 13% of the combined riches of these affluent few.

Collectively, the world's 2,208 billionaires hold $9.1tn - more than three times the gross domestic product (GDP) of the UK.

The US has the most billionaires (585), followed by mainland China (373). Construction magnate Pallonji Mistry, who is listed as Irish, is ranked 66th with $17.8 billion.

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.