Forbes Billionaires List: Top 10 richest people of the World

Forbes Billionaires List: Top 10 richest people of the World

ISLAMABAD- Amazon chief Jeff Bezos is now the world's richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second place, according to Forbes Magazine.

US President Donald Trump's ranking on the list fell to 766th place from 544th in the last edition, his wealth now being estimated at $3.1 billion, $400 million less than a year ago.

There are now a record 2,208 billionaires in the world, Forbes counted, and their combined worth is $9.1 trillion, up 18 percent from last year.

The US has the most billionaires (585), followed by mainland China (373).

Forbes' list contains 259 newcomers, including the first-ever cryptocurrency billionaires.

*Here are Forbes 10 richest people in the world in 2018*

*1. Jeff Bezos*

Company: CEO and Founder,

Net Worth: $112 billion

*2. Bill Gates*

Company: Cofounder, Bill & Melinda Gates Foundation

Net Worth: $90 billion

*3. Warren Buffett*

Company: CEO, Berkshire Hathaway

Net Worth: $84 billion

*4. Bernard Arnault & family*

Company: Chairman and CEO, LVMH Moet Hennessy Louis Vuitton

Net Worth: $72 billion

*5. Mark Zuckerberg*

Company: Cofounder, Chairman and CEO, Facebook

Net Worth: $71 billion

*6. Amancio Ortega*

Company: Co-founder Inditex (known for Zara fashion chain)

Net Worth: $70 billion

*7. Carlos Slim Helu & family*

Company: Honorary Chairman, América Móvil

Net Worth: $67.1 billion

*8. Charles Koch*

Company: CEO, Koch Industries

Net Worth: $60 billion

*9. David Koch*

Company: Executive Vice President, Koch Industries

Net Worth: $60 billion

*10. Larry Ellison*

Company: CTO and Founder, Oracle

Net Worth: $58.5 billion