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Amazon chief Bezos is now world’s richest man on the Earth

Amazon chief Bezos is now world’s richest man on the Earth

According to Forbes magazine’s annual billionaires list Amazon chief Jeff Bezos is now the world’s richest man with $112 billion fortune in 2018. The founder of Microsoft Bill Gates drops to second place according to Forbes magazine. The list was published on Tuesday, March 6.

Forbes said over the last 12 months there is a 59 percent raise in the Amazon shares so that Jeff Bezos wealth increased to $112 billion. The founder of Microsoft Bill Gates who is the second richest person in the world with $90 billion fortune.

The legendary investor Warren Buffet stood in the third position with $84 billion and the fourth place is occupied by  Bernard Arnault and family with $72 billion. Facebook founder CEO Mark Zuckerberg occupied fifth place with $71 billion.

US President Donald Trump fell from 544th place to 766th place and his present wealth $3.1 billion, $400 million less than a year ago. Two Chinese billionaires grab the place in the top 20 list Ma Huateng who chairs Tencent Holdings with $45.3 billion and Alibaba chairman Jack Ma with $39 billion.

According to the Forbes total 119 Indian billionaires on the list, 18 billionaires added than the last year. Forbes estimated this year list consists of 2,043 of the richest people in the world and their combined net worth is  $9.1 trillion, up 18 percent from last year.

Indian industry tycoon Mukesh Ambani, the chairman of Reliance Industries Limited, stood in the 19 position on the list with  $40.1 billion. The Hinduja family net worth is $19.5 billion and Wipro Chairman Azim Premji stood in the 58th position with $18.8 billion.

Lakshmi Mittal with $18.5 billion and HCL founder Shiv Nadar with $14.6 billion, founder of Sun Pharma Dilip Shanghvi with $12.8 billion and Aditya Birla Group Chairman Kumar Birla with $11.8 billion, Kotak Mahindra Executive Vice-Chairman and MD Uday Kotak with $10.7 billion, Investor Radhakishan Dhamani with $10 billion, Serum Institute of India founder Cyrus Poonawalla with $9.1 billion were also in the list.



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