Forbes has published its 32nd annual ranking of the world’s wealthiest people, and while the gap between the really rich continues to widen, the most notable in the list is U.S. President Donald Trump, who slipped from 544th richest last year to 766th this year.
According to Forbes, the decline in Trump’s wealth was due to "a tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign."
While the top 10 billionaires in 2017 is almost the same this year, there has been changes in placement however, as founder of Amazon, Jeff Bezos is now at the top with $112 billion ($72.8 billion last year), knocking off Microsoft founder Bill Gates, whose estimated wealth is $90 billion this year, up from $86 billion.
US business magnate and investor Warren Buffett, who is worth $84 billion, remains at third, as his fortune is also up from $75.6 billion a year earlier. 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 $72 billion.
Check out Forbes 2018 Top 10 billionaires in the list below.
1. Jeff Bezos, Amazon.com, USA - $112 Billion USD 2. Bill Gates, Microsoft, USA - $90 Billion USD 3. Warren Buffett, Berkshire Hathaway, USA - $84 Billion USD 4. Bernard Arnault & family, LVHM, France - $72 Billion USD 5. Mark Zuckerberg, Facebook, USA - $71 Billion USD 6. Amancio Ortega, Zara, Spain - $70 Billion USD 7. Carlos Slim Helu & family, Telecom, Mexico - $67.1 Billion USD 8. Charles Koch, Koch Industries, USA - $60 Billion USD 8. David Koch, Koch Industries, USA - $60 Billion USD 10. Larry Ellison, Software, USA - $58.5 Billion USD
For the full rundown, be sure to read the full story on Forbes.
Recently, Forbes also revealed that JAY-Z is hip-hop’s wealthiest artist at $900 million.