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Jeff Bezos is the richest person on the planet.
Jeff Bezos is the richest person on the planet.

Forbes Lists 2018 Billionaires

Forbes Lists 2018 Billionaires

The gap between the really rich and the merely rich continues to widen, as fortunes soar to new heights. A record 2,208 billionaires made Forbes’ 32nd annual ranking of the world’s billionaires. Altogether they are worth a record $9.1 trillion, up 18% from a year ago.
The 20 richest people on the planet are worth a staggering $1.2 trillion, a sum roughly equivalent to the annual economic output of Mexico. In aggregate, they may represent less than 1% of total billionaires but their riches amount to 13% of the total fortune of all billionaires worldwide, Forbes.com reported.
Jeff Bezos is the richest person on the planet and the first centi-billionaire atop our annual ranking. Shares of his e-commerce giant Amazon rose 59% in 12 months, helping boost his fortune by $39.2 billion. It was the biggest one year gain since Forbes started tracking billionaires in 1987. He easily moved ahead of Microsoft cofounder Bill Gates, who ceded the top spot for only the sixth time since 1995.
France’s Bernard Arnault had the second best year after Bezos. Record results at his luxury goods empire LVMH and a deal to buy out nearly all of Christian Dior helped boost Arnault’s fortune by $30.5 billion. He is the richest European for the first time since 2012 and number four richest in the world.
Two tech entrepreneurs from mainland China climbed into the top 20 for the first time. Ma Huateng (also known as Pony Ma) is Asia’s wealthiest person, ranked number 17 in the world, thanks in part to his firm Tencent’s WeChat, a ubiquitous social-messaging app with nearly one billion active users. Tencent also has stakes in Tesla, Snapchat parent Snap and music-streaming service Spotify. Jack Ma, the 20th richest person, is the chief of another e-commerce giant Alibaba, whose shares increased 76% in a year.
Forbes pinned down 259 newcomers who made their fortunes in everything from tech and aerospace to private aviation and wedding dresses. China has the most new faces with 89, while the US is next with 18. That is helping close the gap between the two nations. Altogether the US has more billionaires than any country in the world with 585, while greater China (mainland China, Hong Kong, Macau and Taiwan) has 476.
On this year’s list, the billionaires hail from 72 countries and territories, including the first ever from Hungary and Zimbabwe. One country not represented: Saudi Arabia. Forbes chose to leave off all 10 Saudis given reports of asset seizures after the Saudi Crown Prince detained some 200 people, including some billionaires, some for as long as three months.
The ranking also includes the names of 103 wealthiest Russians, whose aggregate capital totals $414 billion.

  Women Billionaires
Eight Indian women have featured in this year’s Forbes list. The list includes a total of 256 women billionaires—an all-time high.
The collective net worth of the women billionaires in the list topped $1 trillion, up 20% since last year. Though most of the women at the top of the list inherited their fortunes, the number of self-made women reached 72 for the first time, up from 56 a year ago, Forbes said.
Globally, Alice Walton, the only daughter of Walmart Inc. founder Sam Walton, was the richest woman billionaire with a net worth of $46 billion.

 

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