Amazon CEO Jeff Bezos tops Forbes’ billionaire list as Trump slides again

By Business LeadersFOXBusiness

Amazon’s Jeff Bezos seized the top spot of Forbes’ annual billionaires list for the first time, dethroning long-time holder Bill Gates, while President Trump’s spot takes a nosedive.

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Bezos’ fortune climbed to $112 billion from an estimated $39.2 billion last year, which is the biggest one-year again on record, the outlet reported. 

His rise knocked Microsoft founder Bill Gates from his throne, which he has held for 18 years. Gates’ estimated wealth only rose $4 billion from last year to an estimated $90 billion, creating the biggest gap (in dollars) between the top two spots since 2001.

Overall, a record 2,208 billionaires were featured in the magazine’s 32nd annual ranking, up from 2,043 last year, with an average net worth of $4.1 billion, a record high. Over 1,490 of them were self-made billionaires, up from 1,371 in 2017.

Warren Buffett, who has also been a notable name on the list for several decades, has fallen to the No. 3 spot, with his net worth only increasing from $75.6 billion to $84 billion in 2017.

Yet, the most well-known name of all, President Donald Trump, who often touts his financial success, took a big dive this year falling 222 places to No. 766 on the list, after his fortune dropped nearly $400 million to $3.1 billion. Forbes said the drop was partially due to a fall in the value of central New York property values and falling revenues at his golf courses.

Here is a list of Forbes' 2018 top 10 billionaires  

1.    Jeff Bezos, $112 billion

2.   Bill Gates, $90 billion

3.   Warren Buffett, $84 billion

4.    Bernard Arnault and family, $72 billion

5.    Mark Zuckerberg, $71 billion

6.    Amancio Ortega, $70 billion

7.    Carlos Slim Helu and family, $67.1 billion

8.    Charles Koch, $60 billion

9.    David Koch, $60 billion

10.  Larry Ellison, $58.5 billion