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Jeff Bezos unseats Bill Gates on Forbes 2018 richest billionaires list

USA TODAY logo USA TODAY 3/6/2018 N'dea Yancey-Bragg

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Video by CBS News

Move over Bill Gates, Jeff Bezos is officially the richest man in the world. Amazon's CEO seized the top spot on Forbes’ 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. Gates has been the richest person in the world for 18 of the past 24 years. The Oracle of Omaha, Warren Buffett, took the third spot on the list with a net worth of $84 billion.

President Trump, worth $3.1 billion, ranked No. 766 falling from No. 544 in 2017. Trump’s fortune has fallen $400 million since last year’s list, due in part to falling values of Midtown Manhattan real estate and declining revenues at several Trump golf properties.

More than 2,200 billionaires made the Forbes list and their combined net worth is $9.1 trillion. This year, 259 newcomers were added to the list and the number of women rose to 256, up from 227 in 2017. 

The United States is home to the greatest number of billionaires, with 585, followed by Greater China (including mainland China, Hong Kong, Macau and Taiwan) with 476, Germany with 123, India with 119 and Russia with 102. California alone has 144 billionaires, more than any single country besides the U.S. and China.

Related gallery: The world's 30 richest billionaires (provided by Reuters)

Here’s the top 10 list: 

  1. Jeff Bezos: $112 billion
  2. Bill Gates: $90 billion
  3. Warren Buffett: $84 billion
  4. Bernard Arnault & family: $72 billion
  5. Mark Zuckerberg: $71 billion
  6. Amancio Ortega: $70 billion
  7. Carlos Slim Helu & family: $67.1 billion
  8. Charles Koch: $60 billion
  9. David Koch: $60 billion
  10. Larry Ellison: $58.5 billion

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