Jeff Bezos moves to top spot on Forbes' annual billionaires list

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Bezos knocked Microsoft founder Bill Gates to the No. 2 spot, after Gates spent four straight years on top. Amazon's shares have almost doubled from 846 dollars a share last March to 1,523 dollars per share last night.

Gates is worth an estimated $90 billion, up from $86 billion previous year, according to Forbes.

Collectively, the world's 2,208 billionaires hold 9.1tn dollars more than three times the gross domestic product (GDP) of the UK. Gates, Zuckerberg, and Buffett are at least a $1 billion richer.

Bernard Arnault - The first member of the list not to come from the US has a net worth of $72 billion and calls France his home.

Mining mogul Gina Rinehart remains Australia's richest citizen with her iron ore wealth increasing from $US17.2 billion ($21.9 billion) to $US17.4 billion ($22.2 billion).

Donald Trump has crashed 222 places on the Forbes annual World's Billionaires list, after his fortune fell by $US400 million ($511 million) since he became US President a year ago.

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Sixty-seven percent of the 2018 list are self-made billionaires, and a record 255 women are included in this year's rankings.

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 a year ago.

The business tycoon, with $3.1 billion is now ranked 766th this year, down from a 544th ranking last year.

The magazine attributed Trump's decline in wealth to "a tough NY real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign".

During his campaign, Trump said he had a net worth of $10 billion - but that claim was quickly debunked with reports reflecting his net worth was closer to around $3 billion or $4 billion.

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