Here's who bumped Bill Gates from the top of the Forbes billionaires list – MarketWatch

Jeff Bezos is the rare centibillionaire again, status fleetingly scored in recent months depending on Amazon’s share value.

But with a nudge from the latest stock boost, Bezos’s calculated fortune of $112 billion lands him atop the Forbes billionaires list released Tuesday for the first time. Bezos’s fortune is up $39.2 billion from 2017, the biggest one-year gain in the list’s 32-year history and enough to unseat Bill Gates, who has a fortune of $90 billion, up from $86 billion last year.


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 traded to an all-time high at $1,542 per share earlier Tuesday. Its market cap stands at $737.59 billion. Bezos is leading shareholder in the company, with approximately 78.89 million shares as of this month.

Read: How Amazon can deliver an ‘apocalypse’ to another fat-cat industry


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  founder, now global philanthropist, Gates has been the richest person in the world for 18 of the past 24 years. The difference between his wealth and Bezos’s is the biggest gap (in dollars) between the top two spots since 2001.

A record 2,208 billionaires made Forbes’s annual ranking, the publisher said. Altogether they’re worth a record $9.1 trillion, up 18% from a year ago.

Read: These 5 defensive moves can protect your money and wealth

In fact, the 20 richest people on the planet are worth a staggering $1.2 trillion, a sum roughly equivalent to the annual economic output of Mexico. And the gap between the rich and the very rich is only getting wider; the Forbes list may represent less than 1% of total billionaires, but their riches amount to 13% of the total fortune of all billionaires worldwide.


Warren Buffett

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 , worth $84 billion, falls to the No. 3 spot. His net worth increased from $75.6 billion in 2017.

Read: These top investing pros say Warren Buffett should never have dumped this stock

Bernard Arnault, with a fortune of $72 billion, ascends seven spots to No. 4. Arnault is the chairman and CEO of LVMH, the world’s largest luxury-goods company with brands that include Louis Vuitton and Moët Hennessy. Thanks to his $30.5 billion gain in the past year, Arnault is the richest person in Europe for the first time since 2012.

Rounding out the top five is Facebook’s

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  Mark Zuckerberg, worth $71 billion.

Spanish clothing retailer Amancio Ortega (best known for the Zara fashion chain), in at No. 6, drops out of the top 5 for the first time since 2011. Ortega’s net worth is $70 billion, a $1.3 billion decrease from 2017.

Two tech entrepreneurs from mainland China climbed into the top 20 for the first time. Ma Huateng (also known as Pony Ma) is Asia’s wealthiest person, ranked number 17 in the world, thanks in part to his firm Tencent’s WeChat, a social-messaging app with nearly 1 billion active users. Tencent

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  also has stakes in Tesla

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 , Snapchat parent Snap

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  and music-streaming service Spotify. Jack Ma, the 20th richest person, is the chief of another e-commerce giant Alibaba

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 , whose shares increased 76% in a year.

Forbes said 1,490 members are self-made billionaires, up from 1,371 in 2017.

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