Amazon chief Jeff Bezos is now the world’s richest person, having snatched the top spot from Microsoft founder Bill Gates, who slips to second place, according to Forbes magazine’s annual billionaires list published on Tuesday. US President Donald Trump’s ranking on the list fell to 766th place from 544th in the last edition, his wealth now estimated at $3.1bn, $400m less than a year ago. Bezos’s fortune shot up to $112bn, Forbes said, after a 59% rise in Amazon shares over the past 12 months that put him way ahead of the $90bn listed for Gates. After the announcement, Bezos’s worth rocketed again to $127bn in line with a spike in Amazon stock, widening the gap between him and Gates. Legendary investor Warren Buffett held on to his number-three ranking, followed by French industrialist Bernard Arnault, who jumped to fourth-richest person from his previous number 11 spot, mostly thanks to euro strength against the dollar, the magazine said. Elon Musk has been ranked as the 54th riche...
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