Published: Fri, March 09, 2018
Tech | By

Amazon's Jeff Bezos is world's richest man

Amazon's Jeff Bezos is world's richest man

Forbes" 2018 "World's Billionaires' list includes a total of 256 women - an all-time high - and their collective net worth topped United States dollars 1 trillion, up 20 percent since past year.

Mukesh Ambani's net worth has soared to $40.1 billion, making him the richest Indian for the 11th year in a row, while Amazon founder Jeff Bezos toppled Bill Gates as the world's wealthiest person, says Forbes.

According to Forbes, Vince McMahon is among the richest in the world.

Mukesh Ambani, Chairman of Reliance Industries, is still the richest Indian. Women comprise nine percent of the compiled list.

"Biocon makes a range of generics to treat, among much else, autoimmune diseases, diabetes and cancer".

Bezos and Gates are trailed by American investor Warren Buffet - with an estimated fortune of $84 billion - followed by Frenchman Bernard Arnault, the head of LVMH Moet Hennessy Louis Vuitton SE, with a net worth of $72 billion, climbing seven positions and Europe's richest person. USV specialises in diabetic and cardiovascular drugs, with a portfolio that spans biosimilar drugs, injectables and active pharmaceutical ingredients.

Youssef Mansour came in the sixth place locally and 1,650th worldwide, with a fortune of $1.4 billion. "Mother and son Vinod and Anil Rai Gupta draw their fortune from a 43 percent holding in flagship Havells India", it said.

The richest Indian woman on the Forbes list is Savitri Jindal of the Jindal steel and power conglomerate, who ranks 176th globally on the Forbes list with $8.8 billion.

His wealth increased by $39.2 billion in past year, as share prices of Amazon zoomed by 39% in the same period.

According to Forbes, India is home to 119 Billionaires, 18 more than past year.

First place for the first time went to the owner of Amazon Jeff Bezos.

Software company HCL's founder Shiv Nadar is the fourth richest Indian on the list with $14.6 billion and is ranked 98 globally.

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