Amazon founder Jeff Bezos tops Forbes world's richest list

Marie Harrington
March 7, 2018

In 2017, he ranked 33rd with $23.2 billion. Americans led the way with a record 585 billionaires, followed by mainland China with 373.

In 2017, there were 102 Indians on the list.

Bezos knocked Microsoft founder Bill Gates to the No. 2 spot, after Gates spent four straight years on top.

Most of Bezos' fortune is tied up in Amazon stock, which soared 59 percent during the period tracked by Forbes.

Gates, who heads the world's biggest philanthropic organisation, the Bill and Melinda Gates Foundation, has donated a lot of his assets to charities. Azim Premji (rank 58), Lakshmi Mittal (rank 62) Shiv Nadar (rank 92) are the Indians featured under 100 ranks. It means the president has slipped more than 200 places in the billionaire rankings from 544th richest last year to 766th this year.

The billionaires increased their combined wealth by $1.4 billion over the past year.

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From India, the list featured Reliance Industries' Mukesh Ambani (#19), Wipro's Azim Premji (#58), and steel magnate Lakshmi Mittal (#62), with net worth of $40.1 billion, $18.8 billion, and $18.5 billion, respectively.

Biocon chief Kiran Mazumdar-Shaw is the second richest Indian woman.

Trump's worth has dropped overall since the start of his political campaign, as he was valued as having $4.5 billion in the 2015 Forbes Billionaires list, which came out before he launched his presidential campaign. Jeff Bezos had also topped the Hurun Global Rich List 2018.

Mark Zuckerberg, the Facebook founder and boss, is fifth on $71bn. The new comer in the highest spot is Bob Gaglardi, placed at number 1,157 with US$2.1 billion.

The magazine also noted that the U.S president Donald Trump's fortune had fallen for the second year running in annual ranking of the world's wealthiest people.

The list was dominated by male public figures. In aggregate, they may represent less than 1% of total billionaires but their riches amount to 13% of the total fortune of all billionaires worldwide.

Other reports by TheSundaySentinel

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