According to Forbes magazine, there are 2,208 billionaires in the world, up from 2,043 in 2017 who have a combined worth of $9.1 trillion, with 259 new billionaires joining the club
Forbes Magazine released its annual list of the world's richest persons on Tuesday (March 6), which was topped by Amazon founder and CEO Jeff Bezos for the first time.Bezos is estimated to be worth $112 billion (USD) according to Forbes, up almost $40 billion from last year, the biggest one-year gain ever.
Bill Gates dropped to the number two spot, with a fortune estimated to be worth $90 billion, up from $86 billion last year.Gates was the richest person in the world 18 out of past 24 years.
The Oracle of Omaha, Warren Buffett is worth $84 billion and dropped to the third spot, while Bernard Arnault, CEO of LVMH is ranked fourth with a fortune of $72 billion, ascending 7 spots.
In the fifth spot is Facebook-founder Mark Zuckerberg with a fortune worth $71 billion.He has maintained the same position in the list from last year.
Amancio Ortega, whose Inditex owns Zara fashion chain dropped to number 6 after his wealth decreased $1.3 billion in 2017 to $70 billion.
India's Reliance Industries' chairman Mukesh Ambani ranks number 19 valued at $40 billion, while Alibaba's Jack Ma rounds out the top 20 valued at $39 billion.
File photo of Donald Trump.