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Amazon Founder Tops List Of Richest Billionaires

It's highly doubtful Bill Gates had a bad financial year in 2017. But it would also be interesting to speculate on the Microsoft founder's reaction to the news that Forbes no longer has him atop the list of the richest people in the world, a title he's been bestowed 18 times in the last quarter-century. But surprise, the list revealed on Tuesday awarded that coveted summit spot to Amazon head honcho Jeff Bezos.

This year marks the first time Bezos has topped the Forbes list, compiled annually by Forbes which estimated his wealth at $112 billion. That figure also marks a new milestone, as no top earner had ever reached 12 digits before. Much of that fortune had to do with an unprecedented jump in Amazon revenues as high as $39 billion.

Gates placed second at $90 billion, followed by juggernaut investor and Berkshire Hathaway CEO Warren Buffett at $84 billion.

Seven Americans dominated the top 10 with Facebook magnate Mark Zuckerberg at fourth with $17 billion, Charles and David Koch at eighth and ninth respectively and each with a purse of $60 billion, with software entrepreneur Larry Ellison in 10th spot with $58.5 million.

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French fashion and merchandises designer Bernard Arnault landed in fourth with $72 billion, with Spanish clothier Amancio Ortega reaching sixth with $70 billion and Mexican telecom CEO Carlos Slim Helu in seventh with $67.1 billion.

Way down the list was President Donald Trump. Forbes recorded the Commander In Chief as being worth $3.1 billion, with a ranking of 766. That's a major drop from the previous year's listing position of 544, when his wealth was estimated at being $400 million higher, back when Manhattan real estate had higher appraisal values and his golf courses scored higher revenues in 2016.

Still, the United States, according to the list reported as home to the most billionaires at 585, with mainland China placing second with 373, although none of them made the top 10. Also absent from the list for the first time were Saudi Arabian billionaires, after Crown Prince Mohammad bin Salman, the country's forthcoming defense minister took away their wealth took away their financial property as part of national reforms.

But in the case of Bill Gates, whose been occupied with humanitarian efforts in a foundation he created with wife Melinda, it's highly unlikely he's looking for a day job.

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