Move over Bill Gates, Jeff Bezos is officially the richest man in the world. Amazon's CEO seized the top spot onForbes’ 32nd Annual World Billionaires List for the first time on Tuesday. Centi-billionaire Bezos’ fortune rose to $112 billion, the biggest single-year gain ever, allowing him to dethrone Gates, worth just $90 billion.
However, he is not like the other wealthy people on Forbes’ top 10 rich list. Buffett doesn’t have a brain for computing, an oil well, or a retail empire. All he has is a lot of share certificates. The world’s third richest man became wealthy through companies that he believes were worth more than their market value.
Mark Zuckerberg, Facebook's CEO, has seen his net worth soar as the social network's stock price has skyrocketed. In April 2018, he testified before Congress after it was revealed that Facebook shared users' data with political consulting firm Cambridge Analytica.
Bernard Arnault, with a fortune of $72 billion, reclaims the title of richest European for the first time since 2012. There are 259 newcomers including the first ever cryptocurrency billionaires; two Canadians whose toy company is behind Hatchimals and PAW Patrol; two Americans who founded online retailer Wayfair; and a 35-year-old heiress who runs In-N-Out Burger.
David Koch was born in Wichita, Kansas, in 1940, to Mary and Fred Koch, who had co-founded an engineering company that specialized in oil refining and oil-related processes. Older brother Charles took over the company on their father's death in 1967, rechristening it Koch Industries.
In September 2011, Ellison was listed on the Forbes list of billionaires as the fifth richest man in the world and was still the third richest American, with a net worth of about $36.5 billion. In September 2012, Ellison was again listed on the Forbes list of billionaires as the third richest American citizen, behind Bill Gates and Warren Buffett, with a net worth of $44 billion.
Who is the richest person in the world? While Forbes updates their list of the world's billionaires in real time as markets fluctuate, the magazine also releases a more static list each year. The total net worth of these money-makers when the 2018 list was released in March was $7.67 trillion.