According to Forbes magazine’s annual billionaires list published Tuesday, Amazon CEO Jeff Bezos is now the worlds richest person, snatching the top spot from Microsoft Founder Bill Gates who slips to 2nd place.

Legendary investor Warren Buffett held on to his number-three ranking, followed by French industrialist Bernard Arnault, who jumped to fourth-richest person from his previous number 11 spot, mostly thanks to euro strength against the dollar, the magazine said.
Facebook’s Mark Zuckerberg was fifth on the list.

Bezos’ fortune shot up to $112 billion (roughly Rs. 7.27 lakh crores), Forbes said, after a 59-percent rise in Amazon shares over the past 12 months that put him way ahead of the $90 billion (roughly Rs. 5.84 lakh crores) listed for Gates.
After the announcement, Bezos’ worth rocketed again to $127 billion in line with a spike in Amazon stock, widening the gap between him and Gates.

The US has the most billionaires (585), followed by mainland China (373).
Forbes’ list contains 259 newcomers, including the first-ever cryptocurrency billionaires.

Falling fortunes or political headwinds, meanwhile, pushed 121 people out of the illustrious list, including all 10 Saudi Arabians, the magazine said.

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