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Amazon’s Jeff Bezos tops Forbes 2018 billionaires list

Amazon’s Jeff Bezos tops Forbes 2018 billionaires list

NEW DELHI: Amazon founder Jeff Bezos is the world’s richest man with assets valued at $112 billion, overtaking Microsoft co-founder Bill Gates whose fortunes are valued at $90 billion and investor Warren Buffet with $84 billion.

The US has 585 billionaires and China 373 this year on the Forbes tally, which it calls “The Three Comma Club” for the punctuation used in writing out fully the billion in numbers.

In 2017, Gates ranked first globally with $86 billion, Buffet second with $75.6 billion and the E-commerce giant Amazon’s chief third with $72.8 billion.

Bezos, who also owns The Washington Post newspaper, is the first person to cross the $100 billion mark in assets, Forbes said. His fortunes rose by $39.2 billion over the past year, which Forbes said is the list’s biggest one-year jump ever.