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Amazon's Jeff Bezos elbows Bill Gates to top Forbes billionaires list 2018... Trump notable loser

Amazon founder Jeff Bezos topped the 2018 Forbes billionaires list with a fortune estimated at $ 110 billion, knocking Microsoft Bill Gates to the second rank with a $ 90 billion wealh.

Gates has headed the list for 18 of the past 24 years. 

Forbes said on Twitter on Tuesday 
Centibillionaire Jeff Bezos is the richest person on Earth for the first time, thanks to a $39.2 billion jump in his net worth in the past year. 

Warren Buffet of Berkshire Hathaway ranked third in the list with $84 billion fortune, while Bernard Arnault and family came in the fourth position with $72 billion wealth to be the richest in Europe.

Facebook founder-CEO Mark Zuckerberg came in the fifth position with $71 billion fortune

One notable loser was US President Donald Trump, whose fortune fell $400 million since March 2017 to a current $3.1 billion. He is now ranked 766 in the world, down from 544.

The list includes six Egyptian businessmen, including Nasif Sawirus at the 251 position with a $6.6 billion fortune and his brother Naguib Sawirus ranking no 550 with a $4billion wealth 

On this year's list, the billionaires hail from 72 countries and territories, including the first ever from Hungary and Zimbabwe.

The Forbes billionaires list is a snapshot of wealth taken on February 9, 2018. The magazine uses that day's stock prices and exchange rates from around the world.

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