Jeff Bezos knocks Bill Gates off the top of Forbes' richest people list
Forbes magazine has released its annual list of super duper rich people on Tuesday, and move over Bill Gates because Jeff Bezos is flush with cash.
Surprising no one, the Amazon CEO topped the list with a $112 billion net worth. This is a milestone, making Bezos the first person to top $100 billion on the list of World's Billionaires.
Falling from the top spot, the Microsoft cofounder clocked in at number two with a worth of $90 billion. Not too shabby, Bill. But despite falling from number one, he was valued at $86 billion on the 2017 list, so we're sure he's not too upset by the whole thing.
Rounding out the top five, Facebook CEO and cofounder Mark Zuckerberg is reportedly worth $71 billion, behind Warren Buffett and Bernard Arnault and family, respectively.
With the monstrous success of Amazon, it's no surprise that Bezos topped the list considering he owns about 16 percent of the company, which he founded in a garage in 1994. In October 2017, Forbes declared Bezos the richest man in the world after a stock bump, which resulted from the company's third quarter earnings.
President Donald Trump, however, was not so lucky. The real estate mogul dropped $400 million on the list, thanks to retail real estate in New York and, well, his personality.
"The president’s polarizing personality is costing him business as well," Forbes wrote.
Topics Amazon
