POST TIME: 8 March, 2018 12:54:15 PM / LAST MODIFIED: 8 March, 2018 03:01:12 PM
Jeff Bezos overtakes Bill Gates to become world’s richest man
Independent Online Desk

Jeff Bezos overtakes Bill Gates to become world’s richest man

Amazon.com founder and CEO Jeff Bezos: Getty Images

Amazon founder Jeff Bezos has overtaken Bill Gates to become the world’s richest man for the first time, with a fortune of £81 billion ($112 billion).

President Trump, worth £2.2 billion ($3.1 billion) , came in at number 766 on the list, falling from 222 places from last year.

Since the 2017 list Trump’s fortune has fallen £288 million ($400 million), due to falling real estate values in Midtown Manhattan and declining revenues at several of his golf properties.

According to the 2018 billionaire’s ranking from Forbes, Bezos' fortune has risen by a whopping £28 billion ($39.2 billion) from 2017 - the biggest one-year gain ever.

Microsoft’s Gates, who has been the richest person in the world for 18 of the past 24 years, dropped to second place with a fortune of £64.8 billion ($90 billion), up from £62 billion ($86 billion) last year.

Veteran US investor Warren Buffett, worth £60 billion ($84 billion), falls to the number three spot.

The global list comprises 2,208 billionaires in total, with an average net worth of  £2.9 billion ($4.1 billion) - a record high.

The UK has 53 billionaires in the top flight ranking, versus 54 in 2017.