Bezos tops Forbes world's rich list as Trump wealth drops

Donald Trump has dropped down the rankings of the world's richest people

Donald Trump has dropped down the rankings of the world's richest people

Forbes said that jump amounts to the biggest one-year gain ever.

Bill Gates - Gates owes his $90 billion in net worth to Microsoft Corporation (NASDAQ:MSFT), which he founded back in 1975.

The Forbes billionaires list is a snapshot of wealth taken on February 9, 2018.

Forbes identified a record 2,208 billionaires around the world in 2018, up from 2,043 a year ago. His wealth has grown by over 8 billion dollars.

Facebook s Mark Zuckerberg was fifth on the list.

The richest person in Europe and fourth on the list is the boss of luxury goods firm LVMH, Bernard Arnault, who has a fortune of $US72bn.

Merkel finally gets a coalition
But he added: "It's clear we don't want things to get worse, and we certainly don't want anything like a trade war". In her most recent government statement on European policy last week, she said, "We need a new start for Europe".

The number of women on the list increased from 227 to 256.

Who are the richest people in the world?

Amazon CEO Jeff Bezos tops Forbes annual billionaires list, released Tuesday, as President Donald Trump's ranking plummeted. That $22 billion gap is the largest on the Forbes list since 2001. His fortune is up from $US75.6bn a year earlier. He also made the list's biggest annual gain, reporting $39 billion more than a year ago.

The magazine attributed Trump's decline in wealth to "a tough NY real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign". According to the Bloomberg Billionaires Index, Bezos' net worth has climbed $15 billion since Forbes performed its calculations.

Trump also shelled out $25 million in settling lawsuits that alleged his Trump University real estate courses defrauded students.

Forbes estimates Mr Trump's worth collapsed from $US3.5 billion ($4.4 billion) to $US3.1 billion ($3.9 billion) this year, with the magazine saying it was partially due to a fall in NY property values and a dip in revenues at his golf courses.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.